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Trunkbow Announces Results of Annual Meeting of Shareholders
Jun 15, 2012 (04:06 PM EDT)
BEIJING, June 15, 2012 /PRNewswire-Asia-FirstCall/ -- Trunkbow International Holdings Limited (NASDAQ: TBOW) ("Trunkbow" or the "Company"), a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Solutions ("MVAS") in China, today announced the results of its Annual General Meeting of Shareholders (the "Annual Meeting") held June 15, 2012 in Beijing, China.
At the Annual Meeting, stockholders re-elected the full slate of eleven directors to serve until the Company's 2013 Annual Meeting or until the election and qualification of their respective successors. Additionally, Trunkbow shareholders approved the Company's 2012 Omnibus Securities and Incentive Plan and ratified the appointment of Bernstein & Pinchuk LLP as the Company's independent auditors for the fiscal year ending December 31, 2012.
Additional information related to Trunkbow's Annual Meeting is available on the "AGM Summary" section of the Company's investor relations website at http://www.trunkbow.com/?en-v.html, and in its filings with the U.S. Securities and Exchange Commission at http://www.sec.gov.
Trunkbow International Holdings (NASDAQ: TBOW) is a leading provider of Mobile Payment Solutions ("MPS") and Mobile Value Added Solutions ("MVAS") in PRC. Trunkbow's solutions enable the telecom operators to offer their subscribers access to unique mobile applications, innovative tools, value-added services that create a superior mobile experience, and as a result generate higher average revenue per user and reduce subscriber churn. Since its inception in 2001, Trunkbow has established a proven track record of innovation, and has developed a significant market presence in both the Mobile Value Added and Mobile Payment solutions markets. Trunkbow supplies its mobile payment solutions to all three Chinese mobile telecom operators, as well as re-sellers, in several provinces of China. For more information, please visit www.trunkbow.com.
Safe Harbor Statement
This press release contains forward-looking statements that reflect the Company's current expectations and views of future events that involve known and unknown risks, uncertainties and other factors that may cause its actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such forward looking statements involve known and unknown risks and uncertainties, including but not limited to uncertainties relating to the Company's relationship with China's major telecom carriers and its resellers, competition from domestic and international companies, changes in technology, contributions from revenue sharing plans and general economic conditions. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy and financial needs. You should understand that the Company's actual future results may be materially different from and worse than what the Company expects. Information regarding these risks, uncertainties and other factors is included in the Company's annual report on Form 10-K and other filings with the SEC.
SOURCE Trunkbow International Holdings Limited