SOURCE: Infosmart Group, Inc.

April 05, 2007 16:31 ET

Infosmart Group, Inc. Reconstitutes Board and Appoints Two New Directors

Action Is a Critical Step in the Process of Satisfying NASDAQ Listing Criteria

HONG KONG -- (MARKET WIRE) -- April 5, 2007 -- Infosmart Group, Inc. ("Infosmart" or the "Company") (OTCBB: IFSG), Hong Kong's leading recordable digital versatile disk ("DVDR") manufacturer, announced today that Parker Seto and Simon Lee have been appointed to serve on the Company's Board of Directors effective March 16, 2007.

Parker Seto, Director

Parker Seto is managing director of WestPark Capital, Inc., a U.S. investment banking firm. Mr. Seto graduated from the Chinese University of Hong Kong in 1990 with a major in Professional Accountancy. Mr. Seto began his career with Arthur Andersen & Co. before moving into corporate finance as Financial Controller and General Manager for various companies, ranging from mid-sized to Fortune 500 Companies. Mr. Seto held various finance positions in the late 1990s and was subsequently promoted to Head of Corporate Finance at two US-based regional investment banks. Mr. Seto is a member of the American Institute of Certified Public Accountants (AICPA) in the U.S., the Association of Chartered Certified Accountants in the United Kingdom (FCCA) and the Hong Kong Institute of Certified Public Accountants (CPA(HK)). Mr. Seto has expertise in managing both reverse mergers and direct overseas listing procedures for Hong Kong companies and certain Chinese state-owned and privately-owned enterprises seeking listing on NASDAQ and AMEX markets. Additionally, Mr. Seto has in-depth knowledge and understanding of the accounting procedures, standards and issues in accordance with PRC GAAP, US GAAP and Hong Kong GAAP.

Simon Lee

Simon Lee is a Lecturer and Research Fellow at the School of Accountancy and Law at Hong Kong Baptist University. Mr. Lee graduated from the Chinese University of Hong Kong in 1990 with a major in Physics. Mr. Lee later received a Master's Degree in Business Administration with a specialization in accounting and finance from the Chinese University of Hong Kong. Mr. Lee has been working in the commercial sector and has extensive experience in corporate finance and business management. He is a member of the Association of Chartered Certified Accountants of the United Kingdom (FCCA) and the Hong Kong Institute of Certified Public Accountants (CPA(HK)). Mr. Lee has served as an instructor at the School of Accountancy at the Chinese University of Hong Kong.

The Infosmart Board now consists of three Infosmart officers (Andrew Chang, Chairman; Andy Kwok, President and CEO; and Pauline Sze, Chief Financial Officer) and three independent directors (Godwin Wong, Parker Seto and Simon Lee).

Godwin Wong, Director

Godwin Wong has been on the faculty of the Haas School of Business at the University of California, Berkeley for twenty years. Dr. Wong was raised in Hong Kong and was educated in the U.S. with a Ph.D. from Harvard University, a Master's Degree from the University of California, Los Angeles and a baccalaureate from the University of Wisconsin. Dr. Wong serves on the Board of Directors of the United Commercial Bank, other NASDAQ companies and certain technology ventures in the San Francisco area and overseas, and previously for other California financial institutions. He has been advisor/consultant and specialist/strategist to various organizations, corporations, government agencies and business enterprises in the U.S., Canada, Europe and Asia. Dr. Wong has been appointed Chief Expert Advisor for the City Government of Beijing HaiDian, where the Silicon Valley of China, Zhong Guan Cun, is located. He also serves as director to one of the top ten software companies in Shanghai. He has assisted companies in the negotiation of business transactions, technology transfer and mergers and acquisitions. Representing various investment groups, Mr. Wong has run his own San Francisco management companies in real estate, consulting and investment management with over thirty-five employees. He speaks, reads and writes fluent Chinese in four dialects.

"The addition of Mr. Seto and Mr. Lee to our Company's Board of Directors now gives Infosmart a bona fide and credible Board," said Chairman Mr. Andrew Chang. "We recognize that it is especially important for Chinese issuers listed in the U.S. to have truly independent board members to ensure that the interests of stockholders are well represented at all times. Our three independent directors are seasoned and successful professionals who fully understand what it takes to drive and create value in the public marketplace. One of Infosmart's capital market goals over the next six months is to achieve a NASDAQ Capital Market listing. Having a strong Board with independent directors is a critical step in this process."

About Infosmart Group, Inc.

Infosmart operates state of the art DVDR production facilities in Brazil and Hong Kong and is preparing to manufacture new recordable High Density DVD media (HD-DVDR). In addition, the Company expects to become one of the largest CDR/DVDR manufactures in Brazil and all of South America this year. Optical disc media will be the storage media of choice for years to come, whether as high density discs for mature markets or traditional DVDs for developing markets. No other storage media available rivals its combination of high capacity, low cost and exceptional portability.

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This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Infosmart Group, Inc. (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, ability to produce our DVDRs and their components, ability to maintain quality control, collection-related risks from international transactions, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Current Reports filed with the SEC on Form 10-KSB on April 2, 2007 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.

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