BERTRANGE, Luxembourg, Dec. 4, 2002 (PRIMEZONE) -- Metro International S.A. ("Metro") (Nasdaq:MTROa) (Nasdaq:MTROb), the international newspaper group, today announced the appointment of Peter Kuo as Managing Director of the Hong Kong operation.
Peter Kuo has over 20 years experience in General Management with retailing, banking, media and publishing groups. Peter joined the Apple Daily and Next Media Group in Hong Kong in 1996 as the General Manager with responsibility for the successful launch of the "Apple Daily" newspaper, which became Hong Kong's second largest newspaper. Peter also managed the "Next," "Easy Finder," "Sudden Weekly" and "Eat & Travel" magazines and directories. Prior to joining Metro, Peter was Chief Executive Officer of the Hong Kong Daily News.
Metro Hong Kong was launched under the title "Metropolis Daily" in April 2002. 300,000 copies of the Chinese language paper are distributed daily from racks in the MTR subway system and by hand in the city centre.
Pelle Tornberg, President & CEO of Metro International, commented: "We are delighted that Peter is joining Metro. He has a strong track record in newspaper management and has consistently delivered innovative new media products. The Hong Kong edition of Metro has already established itself in the Hong Kong media and advertising markets and Peter's appointment is the next step in building on this success."
For further information, please visit www.metro.lu, email info@metro.lu or contact: Pelle Tornberg, President & CEO tel: +44 (0) 20 7016 1300 Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010
Metro is the world's largest free newspaper, publishing and distributing 25 editions in 16 countries in 14 languages: Stockholm, Prague, Gothenburg, Hungary, the Netherlands, Helsinki, Malmo, Santiago, Philadelphia, Toronto, Rome, Milan, Warsaw, Athens, Montreal, Barcelona, Boston, Madrid, Copenhagen, Aarhus, Paris, Marseille, Lyon, Hong Kong and Seoul.
Metro International S.A. "A" and "B" shares are listed on NASDAQ and the Stockholmsborsen under the symbols MTROA and MTROB.
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