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Asia Packaging Group Inc. Announces Change of Directors


Published on 2012-05-07 11:30:21 - Market Wire
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May 07, 2012 14:20 ET

Asia Packaging Group Inc. Announces Change of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 7, 2012) - The Directors of Asia Packaging Group Inc. (TSX VENTURE:APX) ("the Company") are pleased to announce a change to the directorships.

The Company announces the appointment of Brian Birmingham as Vice President and Director, and the appointment of George Dorin as non-executive Director. The Company announces the resignation of Hao (Joseph) King Lau as Director, and Terry Tang as Director.

Mr. Birmingham has a proven track record in management, technology and venture capital, with more than 20 years experience as a senior executive in the packaging and molded pulp manufacturing industries. He was the Founder and President of Impact Packaging, where he headed a team that built the world's largest pulp molding facility. He was also instrumental in taking several new companies from start-up to commercial development, including building Canada's largest recreational vehicle company. During his impressive career, Brian Birmingham has held the position of President and Chief Executive Officer of six large companies in both the private and public sectors, and has been a member of the board of directors of three multinational corporations.

Mr. Dorin has 30 years of broad-based financial experience, including 15 years as a Corporate Director or CFO for several private and public companies. He holds undergraduate degrees in Science and Accounting from the University of BC, a Masters Degree in Finance from the London School of Economics, and the Diploma FCSI. A Chartered Accountant, he was also granted a CF specialist designation from the CICA in 2008. Prior to his work in industry, he worked in the financial services sector with Ernst & Whinney (now KPMG), Price Waterhouse, Royal Bank of Canada, and with Pemberton Securities (now RBC Dominion Securities). In 2007 and 2008 he was a Senior VP Corporate Finance at Wolrige Mahon, a BC-based CA Firm. Most recently, he has been providing corporate finance, senior financial management, and corporate director (including audit committee chairman) services to several industrial public companies through his own company CANUS Capital Corporation.

The Directors of the Company accept responsibility for this announcement.

For more information about Asia Packaging Group Inc. visit: [ www.asiapackaging.ca ].

To receive regular updates or to receive a follow-up call from Investor Relations please call 1-778-331-2028 or email [ apx@senergyir.com ].

On Behalf of the Board of Directors

Asia Packaging Group Inc.

FORWARD LOOKING STATEMENTS: This news release contains certain statements that may be deemed "forward looking statements". Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward looking statements, except as required by law, in the event that management's beliefs, estimates or opinions, or other factors, should change.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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