GC China Turbine Names Ping Ye Chief Financial Officer
12 Novembre 2010 - 3:00PM
Marketwired
GC China Turbine Corp. (OTCBB: GCHT) (the "Company" or "GC China"),
a leading Chinese manufacturer of twin blade wind turbines, today
announced that it has named Ms. Ping Ye as its Chief Financial
Officer. Ms. Ye joined GC China November 8 and will lead the
Company's global finance, planning and accounting efforts as GC
China continues to expand its presence in the Chinese wind markets,
and into Europe.
"Ms. Ye brings tremendous credentials and experience in high
growth markets to GC China Turbine," said Mr. Hou Tie Xin, Chairman
of the Board. "GC China is in the midst of tremendous growth on
both a year-over-year and sequential basis. Importantly, we have
managed this growth while maintaining profitability. Ms. Ye's
expertise will be instrumental in supporting the continued
improvements in the economics of our business, in our internal
procedures and controls over financial reporting, and in leading
our efforts towards enhanced transparency."
Ms. Ping Ye is a licensed Certified Public Accountant in the
United States since 2000. Formerly, she served as VP of Finance and
Accounting at an insurance brokerage firm that was a Goldman Sachs
portfolio company. Earlier Ms. Ye held various positions in
accounting and finance at several global financial service
companies and world-renowned institutes in both United States and
China. She has authored numerous tax related articles for Chinese
newspapers. Ms. Ye received a BBA from Baruch College, City
University of New York and an MBA from The Wharton School,
University of Pennsylvania.
Ms. Ye said that, "I am very excited to join the GC China team
and to contribute to the Company's strong growth and financial
performance. I look forward to utilizing my experience and working
with this talented management team to take the company to its next
phase of growth."
About GC China Turbine Corp. GC China is a
leading manufacturer of state-of-the-art 2-bladed wind turbines
based in Wuhan City of Hubei Province, China. The Company holds a
license to manufacture a groundbreaking technology which meets
rigorous requirements for low-cost and high reliability. The
technology was developed through a 10 year European research
project costing over US$75 million. GC China's launch product is a
1.0 megawatt ("MW") utility scale turbine with designs for a 2.5MW
and 3.0MW utility scale turbine in development. For more
information visit: www.gcchinaturbine.com
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" as that term is defined in Section 27A of the United
States Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such
forward-looking statements include, among other things, completion
of definitive agreements with local and provincial governments,
wind farms and utility companies, number of wind turbine systems
ordered, manufactured, delivered and installed, the Company's
future strategic plans, the outlook for the Company's markets and
the demand for its products, estimated sales, the development,
costs and results of new business opportunities. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with new projects and development
stage companies. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our annual report on Form 10-K for the most recent fiscal year, our
quarterly reports on Form 10-Q and other periodic reports filed
from time-to-time with the Securities and Exchange Commission.
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Investor Relations Todd M. Pitcher Aspire Clean Tech
Communications Hayden Communications, International Phone:
760-798-4938 Email Contact
GC China Turbine (CE) (USOTC:GCHT)
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