ACL Semiconductors Appoints Dr. Hung Ming Joseph Chu to Board of Directors

HONG KONG, Jan. 7, 2011 /PRNewswire-Asia/ -- ACL Semiconductors Inc. (OTC Bulletin Board: ACLO.OB), a leading China-based distributor of Samsung memory electronic products in Hong Kong and Southern China, announced today the appointment of Dr. Hung Ming Joseph Chu to its Board of Directors effective immediately.

Mr. Alan Yang, Chairman and Chief Executive Officer of ACL Semiconductors, commented "We are extremely pleased to add Dr. Chu as an independent director to our board of directors. Joseph brings over 25 years of experience to our company and we feel that his industry insight and background will help us execute our long term strategies. We are in the process of applying for a transfer of our listing from the OTC to NASDAQ, and the addition of Dr. Chu to the board of directors will help us establish a board of directors comprised of a majority of independent directors and strengthen our corporate governance."

Dr. Hung Ming Joseph Chu is currently the Vice President of Global Business Development at Sydaap Technologies Pvt. Ltd. Prior to 2008 he was the Vice President for Mirics Semiconductor, a developer of silicon and software solutions for analog and digital broadcast reception. From 2005 to 2008, Dr. Chu was the Vice President and Director of Business Development at Parlex Corp. (NASDAQ: PRLX) now a subsidiary of Johnson Electric. Dr. Chu has over 25 years of experience in the communications and semiconductor industries, with 18 of those years spent focusing on business development and marketing activities in Asia.

About ACL Semiconductors

ACL Semiconductors distributes electronic components under the "Samsung" brand name to the Hong Kong and South China markets. The memory chips are used in a broad range of consumer electronic devices including mobile phones, laptop computers and MP3 players. For more information about ACL Semiconductors please visit ACL Semiconductors' corporate website at http://www.acl-semicon.com.

Cautionary Note Regarding Forward-Looking Statements

This press release and the statements of representatives and partners of ACL Semiconductors Inc. (the "Company") related thereto contain, or may contain, among other things, certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company's plans, objectives, projections, expectations and intentions and other statements identified by words such as "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," or similar expressions. These statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties, including those detailed in the Company's filings with the Securities and Exchange Commission. Actual results (including, without limitation, results of the Company's application to list shares of its common stock on NASDAQ) may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control).  The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE PR Newswire Asia