Bookmark and Share

China Fire (CFSG) Further Strengthens Executive Team

BEIJING, Dec. 7, 2009 (PRNewswire-Asia) — China Fire & Security Group, Inc. (Nasdaq: CFSG) (“China Fire” or the “Company”), a leading total solution provider of industrial fire protection systems in China, today announced that the Company’s Board of Directors has made several strengthening changes to the executive team, effective immediately.

To help meet China Fire’s projected rapid organic growth for the next three years and address its strategic goal of effectively consolidating the domestic fire protection industry, Mr. Gangjin Li, the Company’s founder and Chairman, has resumed his former role as China Fire’s Chief Executive Officer, responsible for the formulation and execution of corporate growth strategies. Mr. Brian Lin, the Company’s current CEO, has assumed the newly created position of Chief Financial Officer, responsible for the Company financials and capital markets. Mr. Weishe Zhang, the Company’s current Chief Technology Officer, has been appointed Vice President, responsible for strategic planning and management of marketing, technology and product development. Mr. Weigang Li continues his role as a Vice President of the Company and General Manager of China Fire’s wholly-owned subsidiary, Sureland Industrial Fire Safety Ltd (“Sureland”), responsible for the Company’s sales and Sureland’s operation management. Finally, China Fire welcomes to its executive team Mr. Min Liu, who has been appointed Director of Research and Development of China Fire as well as Sureland, responsible for designing codes and standards and innovating new customer service technologies.

“It is very exciting for me to be able to resume an active role in the company that I created. As a benefit of my considerably improved health, I feel ready and eager to help China Fire to achieve its ambitious growth goals. We now have a highly seasoned management team to help further accelerate our Company’s growth and strengthen our competitive advantages,” said Mr. Gangjin Li, Chairman and Chief Executive Officer of China Fire.

Mr. Gangjin Li, founded Sureland, China Fire’s wholly-owned subsidiary, in February 1995 and has been responsible for the strategic planning, technology development, sales and marketing of the Company. He has over 15 years’ experience in the fire protection industry in China and was named a “China Outstanding Entrepreneur” by the China Enterprise Confederation and China Enterprise Directors Association (CEC-CEDA) in 2004. Mr. Li is also an Executive Director of China Fire Protection Association (CFPA) and a member of US-based National Fire Protection Association (NFPA). He received his Master’s of Management Degree from Peking University in 1991 and Bachelor’s in Engineering from Wuhan Iron and Steel University in 1982.

Mr. Min Liu has held various positions in Sureland since 2004, including Director of the Fire Testing Center, Director of the Solutions Department, Director of the Codes & Standards Department and Director of the R&D Center. Meanwhile, he completed the layout and building of the Fire Testing Center, was in charge of the R&D of numerous fire protection solution projects and has participated in writing over ten National Codes & Standards. Mr. Liu received his Bachelor’s and Master’s degrees in Engineering Thermophysics from Tsinghua University and successively received his Ph.D. in Power Engineering & Engineering Thermophysics from Tsinghua University in 2004.

About China Fire & Security Group, Inc.

China Fire & Security Group, Inc. (NASDAQ: CFSG), through its wholly owned subsidiary, Sureland Industrial Fire Safety Limited (“Sureland”), is a leading total solution provider of industrial fire protection systems in China. Leveraging on its proprietary technologies, China Fire is engaged primarily in the design, manufacture, sales and maintenance services of a broad product portfolio including detectors, controllers, and fire extinguishers. Via its nationwide direct sales force, China Fire has built a solid client base including major companies in iron and steel, power, petrochemical and transportation industries throughout China. China Fire has a seasoned management team with strong focus on standards and technologies. Currently, China Fire has a comprehensive portfolio of patents covering fire detection, system control and fire extinguishing technologies. Founded in 1995, China Fire is headquartered in Beijing with about 600 employees in more than 30 sales and project offices throughout China. For more information about the Company, please go to http://www.chinafiresecurity.com .

Cautionary Statement Regarding Forward Looking Information

This presentation may contain forward-looking information about China Fire & Security Group, Inc. and its wholly owned subsidiary Sureland which are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof or comparable terminology, and include discussions of strategy, statements about industry trends and China Fire & Security Groups’ future performance, operations and products. This and other “Risk Factors” are contained in China Fire & Security Groups’ public filings with the SEC.

Monday, December 7th, 2009 Uncategorized
Top Small Cap Market News