SOURCE: Digital Lifestyles Group Inc.

August 23, 2005 06:00 ET

Leo Chen Joins Digital Lifestyle Group's Board of Directors

CITY OF INDUSTRY, CA -- (MARKET WIRE) -- August 23, 2005 -- Digital Lifestyles Group Inc. (OTC: DLFG) announced today that Leo Chen has been appointed to the Company's Board of Directors in connection with the appointment of Andy Teng as Chairman and Chief Executive Officer on August 10, 2005.

Since 2004, Mr. Chen has served and continues to serve as President of Protron Digital Corporation, a multi-million dollar consumer electronics company. Prior to that, Mr. Chen was the Chief Executive Officer of Prosonic Group Corporation from 2001 through 2003, a manufacturer of consumer electronics products. From 1997 through 2001, Mr. Chen served as the Chief Executive Officer of DAIHWA Electronics Ltd. Mr. Chen received an M.B.A. from Columbia University and a B.S. degree from Dong Ji University in Shanghai, China.

Andy Teng, Chairman and CEO, stated: "We are excited about having Leo join the Board. I believe that he brings vision, knowledge and consumer electronics industry experience that will lend to and enhance the guidance of our Company as we work to reposition ourselves within the personal computer and consumer electronics industry."

About Digital Lifestyles Group Inc.

Digital Lifestyles Group Inc. is a computer and consumer electronics company that designs, manufactures and markets digital lifestyle products. More information about Digital Lifestyles Group will be made available upon request.

Statements in this news release which are not purely historical facts are forward-looking statements, including statements containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made within the meaning of Section 27A of the Securities Act of 1933, as amended, and the provisions of Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are based upon information available to Digital Lifestyles Group Inc. on the date of this release. Any forward-looking statement inherently involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the ability for the Company to raise sufficient funds to operate the business going forward, successful implementation of its restructuring plan, including the ability to generate positive cash flow from operations, and other risks detailed in the company's periodic report filings with the Securities and Exchange Commission. There can be no assurance that any estimations or projections set forth in this release can be obtained. By making these forward-looking statements, the company undertakes no obligation to update these statements for revisions or changes after the date of this release. Readers are cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • Media Contact:
    Andy Teng