RICHMOND, BC, June 22 /CNW/ - Zongshen PEM Power Systems Inc. ("Zongshen
PEM" or the "Company") (TSX Venture:
ZPP) is pleased to announce that it has
filled two key positions to take
the Company forward in its next phase of
growth - Chief Financial Officer
(CFO) and Investor Relations.
Simon J. Anderson was appointed
CFO effective May 24, 2005. Tiger Capital
Corporation of Toronto, Canada has
been engaged to develop and execute a
comprehensive Investor Relations
strategy.
A chartered accountant
with over 19 years experience in the financial
markets, Mr. Anderson brings extensive
expertise to Zongshen PEM, in the areas
of corporate finance, financial
consulting, mergers and acquisitions and
securities markets valuation. For
the last eight years, Mr. Anderson has been
Vice-President of MCSI Consulting
Services Inc., a company that provides
consulting expertise in the areas
of regulatory compliance, exchange listings,
securities valuation and financial
operations. Previously, he was with BDO
Dunwoody Chartered Accountants and
Consultants, and with Collins, Barrow
Chartered Accountants. Currently,
Mr. Anderson is also a director/officer on
the board of directors for a number
of publicly traded companies including
those traded on the TSX, NASDAQ,
AMEX and OTCBB exchanges.
Tiger Capital
manages a diverse investment portfolio and provides a full
range of Investor Relations services
for publicly traded companies, creating
for them a strong market presence
and professional image. The Tiger Capital
commitment to clients is to create
greater awareness and increase shareholder
value. Under the leadership of founder
and President Trevor Burns, Tiger
Capital has developed a strong track
record in enhancing company-name
recognition and maximizing shareholder
value.
For its services
to Zongshen PEM, Tiger Capital will receive $4,000 per
month for an initial term of three
months, subject to, and conditional upon
TSX Venture Exchange approval.
"These appointments
bring valuable experience and skill sets to our
Company," said President of Zongshen
PEM Dr. Jim Wei. "Mr. Anderson's
financial expertise and Tiger Capital's
proven capability and credentials will
assist us in taking the Company
forward and increasing our exposure to the
financial community."
About Zongshen
PEM Power Systems Inc.
Zongshen PEM Power
Systems Inc. is a Canadian company engaged in
research, development and commercialization
of small-to-medium range,
low-cost, high-performance Hydrogen/Oxygen
fuel cell systems and their related
membrane electrode assembly (MEA)
technologies.
The TSX Venture
Exchange does not accept responsibility for the adequacy
or accuracy of
the contents of this release.
For further information: please contact
Dr. Mihai Talaba at
(604) 233-1115 or visit Zongshen
PEM Power Systems Inc. on the Web at
www.zongshenpem.com
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