SOURCE: CinTel Corp.

June 24, 2008 11:15 ET

CinTel Corp. Appoints New Chief Executive Officer

LOUISVILLE, KY--(Marketwire - June 24, 2008) - CinTel Corp. (OTCBB: CNCN), a semiconductor and LCD assembly manufacturer, announced that its Board of Directors has appointed Kwang Hee Lee as its Chief Executive Officer. Mr. Lee's appointment was made after Sang Don Kim, the Company's CEO and Chairman, decided to resign to pursue other interests.

Mr. Lee has been a member of CinTel's Board of Directors since 2006 and is a proven CEO with extensive experience in technology-based companies. He was most recently with one of Korea's largest investment companies in the investment division. Mr. Lee was responsible for conducting due diligence and analysis on prospective investments and served on the investment committee in a number of different industries. In the past, Mr. Lee was CEO of a pharmaceutical company, a KOSPI listed company in Korea. Mr. Lee holds a BA from Seogang University and an MBA from Hanyang University.

JD Sparks, Executive Vice President, stated, "CinTel's management is extremely excited by Mr. Lee's decision to take the helm while we search for a more long term replacement for Mr. Kim. Mr. Lee's wealth of technology and management experience will assist the company in fine tuning operations while we search for a longer term replacement for the most valued Mr. Kim. His previous knowledge of the company's operations coupled with our unique products, services and customer base is set to advance the company to its next phase of growth and innovation. The Board and employees of CinTel are extremely grateful to Sang Don Kim for his decisive leadership and contributions over the past 11 years."

About CinTel Corp. (www.cintelcorp.com)

Founded in 1997, CinTel has created a conglomeration of technology products to include NAND flash memory packaging, LCD assembly, semiconductor packaging and testing specialists, as well as a total solution provider for memory applications for home appliances, semiconductor, TFT-LCD application products and Factory Automation design.

Safe Harbor Statement

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    JD Sparks
    Executive Vice President
    502-657-6077