NEW YORK and HARBIN, China, Feb. 11, 2010 (GLOBE NEWSWIRE) -- China Digital Animation Development,Inc. (OTCBB:CHDA) has appointed Andrew Mininger to the Board of Directors, bringing the number of board members to four.
Mr. Mininger brings a wealth of experience to his role as director of China Digital Animation. He is currently the CEO of Mada Design, a New York based graphic design firm with packaging, publishing, illustration, 2D animation and licensing expertise. Mininger acquired Mada Design in 2007 through his merchant banking firm, The Madison Park Company, which is focused on the acquisition of brands and companies in the technology, media, consumer packaged goods and health/wellness sectors. Having spent over 15 years building and placing over 52 brands in the pharmaceutical industry, beginning in 1988, Mininger has successfully demonstrated his skills in creating innovative strategies for introducing new products into the marketplace and creating brand awareness. Throughout the 1990s, Mininger worked closely with the investment community developing platforms to support the launch of 35 companies in the IPO and self-listing marketplace, including HotJobs.com and Centra, Agilent, among others.
Mr. Qiang Fu, Chairman and Chief Executive Officer, commented, "We are very pleased to have Andrew join our Board. His skill set is unique in that it combines the creative with overall business acumen, brand building and finance. Andrew is a perfect fit for China Digital as we begin the implementation of our international expansion plans and partner with U.S. production studios seeking to outsource 3D computer animation. We look forward to Andrew's contribution to our company."
About China Digital Animation Development, Inc.
China Digital Animation Development, Inc. is a premier China-based digital animation development company, operating in Harbin (one of the largest animation development centers in China) as well as Beijing in The People's Republic of China. The Company also has an administrative office in New York City. The Company is engaged in animation post-stage processing, animation outsourcing, and information transmission services. The Company also operates an animation development skills training center located in Harbin, China, which provides its students with different types of animation skill training programs such as motion graphics, product modeling, character animation, and more. The Company's technical team has extensive experience in animation production and outsourcing.
Safe Harbor Statement
In addition to historical information, this press release contains forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. These forward-looking statements represent Management's belief as to the future of China Digital Animation Development, Inc. Whether those beliefs become reality will depend on many factors that are not under Management's control. Many risks and uncertainties exist that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in Section 1A: "Risk Factors" In the Company's Annual Report on Form 10-K for the year ended June 30, 2009. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements.