ZHEJIANG PROVINCE, China, Jan. 3, 2007 (PRIME NEWSWIRE) -- Kenneth Berents, the newest member of the China 3C Group (OTCBB:CHCG) board of directors, will be interviewed live by the Market News First news team Wednesday, Jan. 3, 2007, at 10 a.m. CST.
Berents was appointed to the board last month, and will serve as chairman of the audit committee. He is a former managing director and senior portfolio manager for Goldman Sachs Asset Management in Tampa, Fla., which manages $30 billion in growth stocks. Before joining Goldman Sachs, he was the managing director and director of equity research for First Union Securities, now Wachovia Securities, from 1993 to 2000. From 1989 to 1993, he was vice president and media analyst for Alex, Brown & Sons. He was a media analyst for Legg Mason and a supervisory analyst for Alex, Brown & Sons.
Before Berents joined the Wall Street community, he was a reporter for the Bergen Record in New Jersey, then the Baltimore Evening Sun. He holds a bachelor's in history from Villanova University and a master's degree in journalism from the University of Missouri-Columbia. He also was an Alfred P. Sloan Fellow in economics at Princeton University. He has appeared on ABC's Nightline, CNN, CNBC and is widely quoted in national and trade publications.
China 3C Group is a retail chain operating over 800 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China through its subsidiary Zhejiang Yong Xin Digital Technology Co., Ltd. Among China 3C's primary attributes is its efficient distribution network and rapid logistics system. The company's goal is to become the number one retailer of 3C products in China.
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