Navigation Links
Shanghai Medical Technology Co., Appoints Chief Financial Officer

SHANGHAI, China, Aug. 7 /Xinhua-PRNewswire-FirstCall/ -- Aamaxan Transport Group, Inc. (the "Company" or "ATG") (OTC Bulletin Board: AAXT), through its subsidiaries, including Shanghai Medical Technology Co., Ltd. ("Shanghai Medical"), a PRC company and a leading provider of Hemodialysis equipment ("HDE") and other related supplies and services, including disposable and diagnostic products, throughout Eastern China, today announced the appointment of Mr. Xu Yifei as the company's chief financial officer effective August 1, 2008.

For the last six years Mr. Xu has served as Vice President and Chief Operating Officer of Shanghai Medical. Mr. Xu obtained two degrees, including a major in both finance and internal controls, which were earned from Shanghai University of Finance and Economics, and from Shanghai Commerce accounting college in Shanghai PRC, respectively.

Mr. Xu assumed the position as the Company's CFO on August 1, 2008 and will report directly to Mr. Chen Zhong, CEO of Shanghai Medical. Mr. Xu will be responsible for all financial reporting activities, in addition to managing the Company's overall financial planning and control activities.

"Mr. Xu will be an integral part of our management team, especially as we seek to increase transparency, raise our corporate governance standards and gain more exposure in the US investment community," commented Mr. Chen. "I am eager to continue working with Mr. Chen in my new role as CFO to accomplish Shanghai Medical's goals as a US listed public company," stated Mr. Xu.

About Shanghai Medical Technology Co., Ltd.

Shanghai Medical is a leading provider of Hemodialysis and renal care equipment, supplies, and related support services in Eastern China. Specifically, Shanghai Medical distributes and sells Hemodialysis equipment ("HDE") which is mainly used by hospitals and medical facilities and includes machines, dialyzers, disposables and diagnostic products used in Hemodialysis, throughout the People's Republic of China.

Cautionary Statement Regarding Forward Looking Information

This press release may contain forward-looking information about the Company, Asian Group Management Group Ltd and Shanghai Medical. Forward- looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company's Current Report on Form 8-K filed on April 21, 2008.

The shares of common stock issued in connection with the transactions have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under the Securities Act and applicable state securities laws or an applicable exemption from those registration requirements. The Company has agreed to file a registration statement covering the resale of the shares of common stock issued in the private placement and certain other shares, within 45 days of closing.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities referenced herein in any jurisdiction to any person.

For more information, please contact:

For the Company:

Mr. Chen Zhong, CEO and Chairman


Investor Relations:

HC International, Inc.

Ted Haberfield, Executive VP

Phone: +1-760-755-2716


SOURCE Aamaxan Transport Group, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Special Olympics Special Spirit in China Award Of Excellence Presented to Dedicated Friends of Special Olympics and City of Shanghai
2. West Clinic Continues Expansion Into Asian Market With Opening of Shanghai Cancer Center
3. Shanghai Disinfection Association and Linkwell Corporation Co-Establish the Shanghai Disinfection Association Laboratory Center
4. Shanghai Medical Technology Co., Ltd. Completes Merger With Aamaxan Transport Group, Inc.
5. Shanghai Medical Technology Co., First Quarter 2008 Financial Results
6. BMP Sunstone Completes Acquisition of Shanghai Rongheng Pharmaceutical Co., Ltd
7. Fudan-Cinpathogen Study Shows Chronic Lymphoid Neoplasms are More Common in Shanghai Than Thought
8. MSU engineering team designs innovative medical device
9. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
10. Providence St. Joseph Medical Center, Caregivers Reach Agreement on a Union Contract
11. Owner and Operator of Florida Durable Medical Equipment Company Convicted of Medicare Fraud
Post Your Comments:
(Date:10/13/2015)... ... October 13, 2015 , ... T-System and ... more than 59,000 emergency department visits per year, today announced the successful and ... help improve clinical, operational and financial outcomes. , In less than ...
(Date:10/13/2015)... ... , ... Tempe Dental Care, a leading Tempe dentists’ office, celebrates offering gentle, ... for more than 5 years. A leading cause of emergency room visits, school ... is not timely. , Sedation dentistry provides an anxiety-free dental experience ...
(Date:10/13/2015)... ... ... World Patent Marketing , a vertically integrated manufacturer and engineer of ... in clearing snow away from the streets and driveways. , "The Snowplowing Services industry ... Scott Cooper, CEO and Creative Director of World Patent Marketing and Desa Industries ...
(Date:10/13/2015)... ... October 13, 2015 , ... According to an ESPN ... orbital fracture when a teammate accidentally elbowed him in the left eye during the ... injury is just one of a series of setbacks, including a knee injury that ...
(Date:10/13/2015)... Irving, TX (PRWEB) , ... October 13, 2015 ... ... has tapped Dr. Bill Saye as the newest professional to introduce the latest ... Saye is highly recognized as a leading professional in Obstetrics and Gynecology and ...
Breaking Medicine News(10 mins):
(Date:10/13/2015)... 13, 2015  Measurement in accountable care programs ... financial incentives, but gaps in measurement can result ... health systems. A new, peer-reviewed study published ... explores measurement gaps for high-priority conditions ... --> --> "These ...
(Date:10/13/2015)... 2015  Nanomedical Diagnostics, a biotech company developing ... diagnostics, announces the completion of a Series A ... Ventures. --> ... monitoring and diagnostic platforms that empower individuals to ... will enable the company to commercially release AGILE ...
(Date:10/13/2015)... , Oct. 13 2015 ... the addition of the "US & ... 16 Countries (2010-2021)" report to their ... announced the addition of the "US ... - 16 Countries (2010-2021)" report to ...
Breaking Medicine Technology: