Bonso Electronics Reports Appointment of the Managing Director of

Tag : electronics

TORTOLA, British Virgin Island, Aug. 21, 2008 (GLOBE NEWSWIRE) --Bonso Electronics International, Inc. (Nasdaq:BNSO), a designer andmanufacturer of sensor based and communications products, todayannounced the appointment of the managing director of KoronaHaushaltswaren Verwaltungs GmbH (Korona hereafter), its Germansubsidiary.
In order to strengthen the operations in the German subsidiary, thecompany reported that Mr. George D. O'Leary has been appointed asManaging Director of Korona and Korona's Polish subsidiary, KoronaPolen, on June 20, 2008, to replace Mr. Klaus W. Reitz. This changewill enable Korona to recover from a loss situation. Mr. O'Learywas the past President and CEO of the company, and his experiencewill be a tremendous asset for the company's business growth inEurope.
About Bonso Electronics
Bonso Electronics designs, develops, manufactures, assembles andmarkets a comprehensive line of telecommunications products,electronic scales and weighing instruments and health careproducts. Bonso products are manufactured in the People's Republicof China for customers primarily located in North America andEurope. Company services include product design and prototyping,production tooling, procurement of components, total qualitymanagement, and just-in-time delivery. Bonso also independentlydesigns and develops electronic products for private label markets.For further information, visit the company's web site atwww.bonso.com.
This news release includes forward looking statements within themeaning of Section 27A of the Securities Act of 1933, as amended,and Section 21E of the Securities and Exchange Act of 1934, asamended. Forward looking statements may be identified by such wordsor phrases "should," "intends," "is subject to," "expects," "will,""continue," "anticipate," "estimated," "projected," "may," "webelieve," "future prospects," or similar expressions. Theforward-looking statements above involve a number of risks anduncertainties. Factors that might cause actual results to differinclude, but are not limited to conditions in the general economyand in the markets served by the Company; competitive factors, suchas price pressures and the potential emergence of rivaltechnologies; interruptions of suppliers' operations affectingavailability of component materials at reasonable prices; timelydevelopment and market acceptance, and warranty performance of newproducts; changes in product mix, costs and yields, fluctuations inforeign currency exchange rates; uncertainties related to doingbusiness in Hong Kong and China; and the risk factors listed fromtime to time in the Company's SEC reports. Forward-lookingstatements do not include the impact of acquisitions ordispositions of assets, which could affect results in the nearterm. Actual results may differ materially. The Company assumes noobligation to update the information in this issue.
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