CellStar Announces Resignation of John T. Kamm From Board of Directors
31 Maio 2005 - 6:39PM
PR Newswire (US)
CellStar Announces Resignation of John T. Kamm From Board of
Directors CARROLLTON, Texas, May 31 /PRNewswire-FirstCall/ --
CellStar (NASDAQ:CLSTE), a value-added wireless logistics services
leader, today announced that due to personal reasons, Mr. John T.
Kamm has resigned from the Company's Board of Directors. Mr. Kamm
was named as a Class III Director in December of 2003. "John's
extensive knowledge of the market and the culture in China has been
a great asset to the Company, particularly over the last several
months during our review of the operations in China, and he will be
missed," said Robert A. Kaiser, Chairman and CEO. "John does very
important work promoting human rights through the Dui Hua
Foundation. He believes that is where his focus should be for the
time being, and accordingly has made the difficult decision of
resigning from the CellStar Board. We wish John the very best and
thank him for his dedication and leadership." Mr. Kamm has worked
in China for more than 30 years. Mr. Kamm serves as the Executive
Director of the Dui Hua Foundation, a publicly supported
organization dedicated to improving human rights in the United
States and China, and Director of the Project in Human Rights
Diplomacy of the Institute of International Studies of Stanford
University. He is currently the President of Asia Pacific
Resources, Inc., a San Francisco-based company he founded in 1993,
which specialized in trade and investment, government affairs and
U.S.-China relations. Mr. Kamm is also Chairman of Market Access
Ltd., a Hong Kong-based consulting firm which he founded, an
honorary professor of two Chinese universities, a Director of the
National Committee on US-China Relations, and a member of the
Advisory Council of Princeton-in-Asia. Mr. Kamm has been active in
China trade for many years, including serving as Vice President,
Far East of Occidental Chemical Corporation from 1981 to 1991. Mr.
Kamm also served as President of the American Chamber of Commerce
in Hong Kong in 1990. About CellStar Corporation CellStar
Corporation is a leading global provider of value-added logistics
services to the wireless communications industry, with operations
primarily in the North American, Latin American and Asia-Pacific
regions. CellStar facilitates the effective and efficient
distribution of handsets, related accessories and other wireless
products from leading manufacturers to network operators, agents,
resellers, dealers and retailers. CellStar also provides activation
services in some of its markets that generate new subscribers for
wireless carriers. Additional information about CellStar may be
found on its Web site at http://www.cellstar.com/ . This news
release contains forward-looking statements, as defined in the
Private Securities Litigation Reform Act of 1995. A variety of risk
factors, including the Company's ability to implement its business
strategies, to maintain its channels of distribution, continue to
secure an adequate supply of competitive products on a timely basis
and on commercially reasonable terms, improve its operating
margins, secure adequate financial resources, maintain an adequate
system of internal control, comply with debt covenants, and
continually turn its inventories and accounts receivable, as well
as changes in foreign laws, regulations and tariffs, new
technologies, system implementation difficulties, competition,
handset shortages or overages, terrorist acts, a decline in
consumer confidence and continued economic weakness in the U.S. and
other countries in which the Company does business and other risk
factors, are discussed in the Company's Annual Report on Form 10-K
and most recent Quarterly Report on Form 10-Q. Any one, or a
combination of these risk factors could cause CellStar's actual
results to vary materially from anticipated results or other
expectations expressed in the Company's forward-looking statements.
DATASOURCE: CellStar Corporation CONTACT: Sherrian Gunn of CellStar
Corporation, +1-972-466-5031, or Web site: http://www.cellstar.com/
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