SOURCE: Network 1 Financial Group, Inc.

April 06, 2011 14:46 ET

Network 1 Financial Group Appoints China Business Partner Shan Huang as Executive Vice President

REDBANK, NJ--(Marketwire - April 6, 2011) - On April 6, 2011, Network 1 Financial Group Inc. (PINKSHEETS: NTFL) announced that Mr. Shan Huang has joined the company as Executive Vice President. Mr. Huang will be responsible for developing the company's business opportunities and relationships in the rapidly growing Chinese market. 

Network 1Financial Group's wholly owned subsidiary, Network 1 Financial Securities, Inc., is a full service broker/dealer that is dedicated to assisting small cap and microcap companies through its investment banking services. Network 1 Financial Securities Inc., is registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA).

Mr. Damon D. Testaverde, President of Network 1 Financial Group, said, "We are excited to have an individual with Mr. Huang's experience and expertise, guiding our efforts to develop this important Chinese market. His passion and entrepreneurial talents will be an invaluable asset to our company." 

Mr. Huang started Wealth Index Capital Group, LLC and opened an office in Beijing in 2004. He has worked with a number of Chinese companies and assisted them in becoming public in Europe, Singapore, and Hong Kong. Mr. Huang has also assisted and participated in raising significant capital for various Chinese companies. 

Mr. Huang said, "The combination of my efforts and the extraordinary talent of the Network 1 team should enable us to be of significant benefit to many Chinese companies. I have learned a lot about what Chinese companies need and how the U.S. and the other global markets can assist these companies. It is my feeling that now is a perfect time to enter this area. This Chinese market has experienced some initial growing pains and I look forward to working with Network 1 to improve the relationship between U.S. Markets and Chinese companies." 

Mr. Huang has more than 20 years experience in corporate management and financial investment. He currently serves as President of Wealth Index Capital Group, LLC. From 2001 to 2004, Mr. Huang served as Vice President of Geely Group, LLC. Geely, listed in Hong Kong, is one of China's top ten manufacturers and acquired Volvo in 2010. Mr. Huang started his career as a journalist, and later became the Anhui Province Division General Manager of the China Enterprise Journal. He is the author of various books in management and finance topics, such as "The Red-Chip Stock, State Own Enterprise in China Capital Market," "Go Public, How to be Listed in Global Exchange Market," and "Raising Money for Micro-Cap Companies in Hong Kong Market."

Safe Harbor
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

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