Attached files
| file | filename |
|---|---|
| 8-K - GC China Turbine Corp. | v202026_8k.htm |
| EX-10.1 - GC China Turbine Corp. | v202026_ex10-1.htm |
GC
China Turbine Names Ping Ye Chief Financial Officer
NEW YORK,
NY--(Marketwire - 11/12/10) - GC China Turbine Corp. (OTC.BB: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.
Contact:
Investor
Relations
Todd M.
Pitcher
Aspire
Clean Tech Communications
Hayden
Communications, International
Phone:
760-798-4938