HONG KONG, June 20, 2016 (GLOBE NEWSWIRE) -- ADGS Advisory, Inc. (OTCQB:ADGS) (the "Company" or "ADGS"), today announced a series of senior management appointments to more effectively manage the business and drive global growth. Miss LI Lai Ying resigned as the Company’s Chief Executive Officer and director. KO Wai Cheung Albert was appointed as Director, President & CEO. In addition, the following executive appointments have been made:
On June 1, 2016 Miss LI Lai Ying, Miss TONG Wing Shan Michelle, Miss TSO Yin Yee, Mr PANG Yiu Kwong, Mr FU Kei Man Derek resigned as a director and the management of the Company. On that same day Mr KO Wang Yui Kelvin was appointed as Director, CFO & Secretary, Mr SHUM Chow was appointed as Director and Vice-President, Mr CHAN Kin Hang was appointed as Director & COO.
The company also announced a restructuring initiative to accelerate its evolution from advisory company to Hotel management business. The company will intensify its focus in high-growth areas where it is positioned for long-term leadership, shareholder value and growth, while making the company more efficient and profitable. The company disposal one of their subsidiary Almonds Kisses with effect from 10 June 2016.
Each of our major businesses will continue to be managed independently, but this leadership structure provides greater access for each business to the benefits of being part of our broad portfolio.
About ADGS
ADGS Advisory, Inc. is primarily engaged in providing accounting, taxation, company secretarial, general corporate and consultancy services in Hong Kong. ADGS has a strong and successful background in the Hong Kong market, most notably bankruptcy and insolvency services to a variety of customers including high growth industries in China. ADGS intends to further bolster its growth via additional acquisitions.
www.adgs.com.hk
Forward-Looking Statements
This release contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “projects,” “should,” “would” and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this release. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set forth in the Company’s SEC filings. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.