TAIPEI, Taiwan, Sept. 24, 2010 (GLOBE NEWSWIRE) -- Xodtec LED, Inc. (OTCBB:XODG) ("Xodtec" or the "Company"), a leading Taiwan-based LED lighting solutions and products provider, announced today that the Company has appointed Yuan-Fu Cheng as its new Chief Financial Officer.
Mr. Yuan-Fu Cheng previously served as chief financial officer of SiPix Group, a producer of electronic paper and display solutions, from September 2005 through July 2010. SiPix is a venture financed company that includes AU Optronics, Goldman Sachs, BASF, and ING Barings as investors.
From March 2004 to September 2005, Mr. Cheng served as vice president of the accounting division for Alpha Networks, Inc., a Taiwan-listed company. Mr. Cheng received his undergraduate degree in accounting from Soochow University and an executive master's degree in business administration from Tulane University. He is also certified to serve as an accounting and financial supervisor to Taiwan-listed companies.
"We are extremely fortunate to have Mr. Cheng join Xodtec as its new Chief Financial Officer," stated Curtis Su, Chairman and Chief Executive Officer of Xodtec LED, Inc. "His experience at a venture financed company and also a Taiwan listed company will elevate the caliber of Xodtec's corporate governance, financial management and reporting. We are confident that his appointment will help Xodtec facilitate our future growth."
About Xodtec LED, Inc.
Xodtec is an energy-saving LED lighting solutions provider based in Taiwan. Xodtec provides high performance and cost-effective energy-saving LED solutions and lighting products for private companies, public facilities, residential communities, factories and households, providing optimal energy-saving solutions that meet today's energy management requirements. Please visit our website http://www.xodtec.com for detailed company information.
The Xodtec Group USA, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7143
Forward-looking statements:
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