ShengdaTech, Inc. Strengthens International Sales Team with Appointment of International Marketing Director
28 Jan 2010
PR Newswire Asia
SHANGHAI, Jan. 28 /PRNewswire-Asia/ -- ShengdaTech, Inc. ("ShengdaTech" or the "Company") (Nasdaq: SDTH), the leading manufacturer of nano-precipitated calcium carbonate ("NPCC") in China, today announced that it has strengthened its international sales and marketing team with the appointment of Mr. Gary Cao as the new International Marketing Director, effective as of January 13, 2010.
Mr. Gary Cao has over 12 years of experience as a Sales and Marketing Director for leading chemical companies in China and the Asia Pacific region. He also worked as Operation Manager with a PVC manufacturing company in China for three years. Prior to joining ShengdaTech, Mr. Cao served as the regional Sales Director of Degussa (China) Co. Ltd ("Degussa"), Germany's third largest chemical company and the world's largest producer of specialty chemicals with 4,000 employees in 19 companies and 15 production sites in the Greater China region. During his tenure at Degussa, Mr. Cao successfully established the sales and marketing team, won his region's five largest customers in China in his first year, and contributed to the robust revenue growth in the Asia Pacific region. From October 2000 to March 2004, Mr. Cao served as the Sales and Marketing Director in China of AKZO NOBEL Asia Pacific Chemicals PTE Ltd., a leading producer of organic peroxides, metal alkyls, organometallic specialties and polymer additives. From December 1997 to October 2000, Mr. Cao served as sales representative of Henkel KGaA (China) Co. Ltd. He also served as Business Manager of China Haohua Chemical industrial Group Co. Ltd. Mr. Cao received his MBA in international business from the Liautaud Graduate School of Business, University of Illinois, United States and his MBA in marketing from CIBT School of Business Administration in Beijing, China. Mr. Cao also has a Masters Degree in fine Chemical Engineering from the Dalian University of Technology, China and a Bachelors Degree in Polymerization Engineering from the Qiqihar Light Industry College, China.
"We welcome Mr. Cao as the head of our international sales team. His depth of sales and marketing experience with several specialty chemical companies operating in China will be a major asset to ShengdaTech as we expand our presence into Europe and North America over the next few years," said Mr. Xiangzhi Chen, President and CEO of ShengdaTech. "We look forward to working with him and the contributions he will make to our international sales efforts."
About ShengdaTech, Inc.
ShengdaTech is engaged in the business of manufacturing, marketing and selling nano-precipitated calcium carbonate ("NPCC") products. The Company converts limestone into NPCC using its proprietary and patent-protected technology. ShengdaTech is the only company possessing proprietary NPCC technology in China. In addition to its broad customer base in China, the Company currently exports to Singapore, Thailand, Malaysia, India and Israel. For more information, contact CCG Investor Relations directly or go to ShengdaTech's website at http://www.shengdatechinc.com .
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding the company's plans to expand international sales; and predictions and guidance relating to the Company's future financial performance. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs but they involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which may include, but are not limited to, such factors as unanticipated changes in product demand especially in the tire industry, changes in composition of tires, the Company's ability to meet the planned expansion schedule for its NPCC capacity, the Company's ability to identify acquisition targets, changes to government regulations, risk associated with operation of the Company's new manufacturing facility, ability to attract new customers, ability to increase its product's applications, ability of its customers to sell products, cost of raw material, downturns in the Chinese economy, and other information detailed from time to time in the Company's filings and future filings with the United States Securities and Exchange Commission. You are urged to consider these factors care in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
For more information, please contact:
Andrew Chen, Chief Financial Officer ShengdaTech, Inc. Tel: +86-21-5835-8738 (China) Email: andrew.chen@shengdatech.com Web: http://www.shengdatechinc.com
Crocker Coulson, President CCG Investor Relations Tel: +1-646-213-1915 (New York) Email: crocker.coulson@ccgir.com
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