April 07, 2005 08:00 ET

GoVideo Names David Xiong New CEO

SCOTTSDALE, AZ -- (MARKET WIRE) -- April 7, 2005 -- GoVideo today appointed David Xiong, 44, as its new chief executive officer, effective immediately.

Xiong replaces Sean Wang, who was serving as the company's interim chief executive officer. Wang remains the company's chairman of the board.

"Since earlier this year, the company's board of directors has conducted a search for a CEO who would be able to execute GoVideo's long-term strategies and integrate more closely with our parent company, TCL Corporation," said Wang. "David's background and experience is a perfect match with our goals."

Xiong comes to GoVideo from Irdeto China, a subsidiary of Irdeto Access of the Netherlands, where he served as chief executive officer. Before that, Xiong managed several high growth western companies in China, serving as managing director at Dell Computer, general manager of Comsat TTS and general manager of Glenayre Electronics. Xiong started his career with AT&T in the U.S. in the mid 1980s and held positions in marketing, sales, global alliance, business development and regional management.

Xiong holds an MBA degree from Harvard Business School.

"GoVideo has a distinguished history of innovation, success and pride," said Xiong. "Over the years, the company has offered our consumers an array of products that are feature rich, high quality and easy to use. I take pride in joining the company at this time and look forward to working with my colleagues at GoVideo and our partners in the industry to take our business to the next level."

"David's experience with managing large global companies and successfully developing strategic growth plans will significantly help GoVideo achieve its objectives," added Wang. "We're thrilled that he has joined GoVideo and look forward to many years of continued growth."

About GoVideo

Celebrating over 20 years of CE excellence, GoVideo has introduced some of the most successful, innovative, and easy-to-use products in the industry, including the DVD+VCR, Dual-Deck VCR, Networked DVD Player, and DVD Recorder+VCR. The company holds numerous patents covering Dual-Deck technology. GoVideo markets its products under the GoVideo®, CineVision™, Sensory Science®, Rave-MP™, and California Audio Labs® brand names. The company provides its retail partners and consumers with "The GoVideo Experience" of Innovation, Simplicity, Value and Support.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from those expected are the following: business conditions and general economic conditions; competitive factors, such as pricing and marketing efforts of rival companies; timing of product introductions; ability of contract manufacturers to meet product price objectives and delivery schedules; legislative, regulatory, and industry initiatives that may affect planned or actual product features and marketing methods; and the pace and success of product research and development. For more information on the potential factors that could affect the company's financial results, please contact GoVideo at (480) 998-3400.

Contact Information

  • At GoVideo:
    Jonathan King
    Manager, Corporate Communications
    (480) 905-9623