SOURCE: ACL Semiconductors, Inc.

June 17, 2010 10:47 ET

ACL Semiconductors Inc. Appoints The Ruth Group as Investor Relations Counsel

Key Role Facilitates Management Accessibility and Timely Information

HONG KONG--(Marketwire - June 17, 2010) -  ACL Semiconductors Inc. (OTCBB: ACLO) ("The Company"), a leading Greater China-based distributor of Samsung memory electronic products, today announced the appointment of The Ruth Group (TRG) as its investor relations counsel.

"We are delighted to bring on The Ruth Group as our strategic, full-service investor relations counsel," stated Mr. Alan Yang, Chief Executive Officer of ACL Semiconductors Inc. "TRG has a proven track record of providing first in class investor relations guidance and expertise to growing China-based companies. We look forward to collaborating with TRG to grow ACL Semiconductors' investor visibility, increase Wall Street exposure and structure strategic messaging as we secure our position as Southern China's premier distributor of Samsung memory products."

The Ruth Group President Carol Ruth added, "We are pleased to add ACL Semiconductors Inc. to our top-tier base of Chinese and technology clients. As robust demand for consumer electronics in China and the broader rebound in the semiconductor market continues, ACL Semiconductors Inc. is poised for significant growth as one of Greater China's premier distributors."

About The Ruth Group
Consistently ranked as one of the top U.S. financial IR/PR agencies, The Ruth Group, based in New York, focuses on serving the communications needs of biotechnology, pharmaceutical, medical device, technology and semiconductor companies. Services include investor relations, public relations, management counsel, corporate positioning, pre-IPO public relations programs, media relations and venture capital relations. For more information visit http://www.theruthgroup.com.

About ACL Semiconductors Inc.
ACL Semiconductors Inc. distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used from everything from a mobile phone, digital camera and laptop computer to an MP3 player or Wi-Fi product. For more information about ACL Semiconductors please visit ACL Semiconductors Inc.'s corporate website at http://www.acl-semicon.com.

Forward-Looking Statements
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the company's products, general acceptance of the company's products and technologies, competitive factors, timing, and other risks described in the company's SEC reports and filings.

Contact Information

  • Investor Contacts:
    Kenneth Lee
    Chief Financial Officer
    ACL Semiconductors Inc.
    +1 415-812-8626
    Email Contact

    Joseph Villalta
    The Ruth Group
    +1 646-536-7003
    Email Contact

    Media Contact:
    Jason Rando
    The Ruth Group
    +1 646-536-7025
    Email Contact