Dec. 8, 2010 (Marketwire) —
SCOTTSDALE, AZ — (Marketwire) — 12/08/10 — Zentric, Inc. (OTCBB: ZNTR) today announces that the Company has appointed Raymond Tsang as Director of China Operations. In this newly created position he will oversee the setup and construction of the previously announced battery manufacturing plant, build management and operations teams with the Joint Venture partners, oversee sales and marketing in China as well as assist in financing efforts.
An international business entrepreneur for over 30 years, Mr. Tsang has been primarily involved in bringing investments into China from all over the world including Singapore, Canada, United States, Pakistan, United Emirates, and Hong Kong. Additionally, he has assisted in the relocation of many Hong Kong based manufacturing companies to Southern China, enabling the companies in Hong Kong to become more cost efficient.
Jeff Mak, President and CEO of Zentric, said, “We are very pleased to have someone of Raymond Tsang’s caliber joining the team as we move forward with our joint venture initiative to construct a battery manufacturing plant in China. I believe his knowledge, experience and guidance will be a great asset to the company and look forward to his involvement.”
About Zentric, Inc.
Zentric, Inc. is an advanced battery technology company based on a new and revolutionary battery technology to incorporate high voltage dual electrolytes to produce higher voltages and power. The technology was in development in the laboratories of the University of Hong Kong for over 10 years.
Please visit our website at: http://www.zntr.com
This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company’s contracts, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.
Source: Marketwire (December 8, 2010 – 9:00 AM EST)
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