Uni Core Holdings Corporation Appoints New Independent Director

SHENZHEN, China, Feb. 26 /PRNewswire-Asia/ -- Uni Core Holdings Corporation (OTC Bulletin Board: UCHC), as an aggressive 'company doctor' and 'incubator' of mid- to large-size companies in China is pleased to announce the appointment of Mr. Benjamin Wang (Mr. Wang, Hsin-Wei) as an Independent Director of the Company by the Board effective from Feb 25, 2010.

Mr. Benjamin Wang obtained his master degree in Risk Management and Insurance from Feng Chia University in Taiwan. He has over 25 years of solid management experience across various businesses, including vehicle-related products, education services and insurance products. Mr. Wang is currently the president of Chun Shin Limited.

Mr. Wang grew the sales performance for Chun Shin Limited, the sole agent of Michelin in Taiwan from NT$1.2 billion to NT$2.5 billion. After his promotion to president of Chun Shin Limited in 2000, Mr. Wang diversified the business and successfully obtained the distributorship of Test of English for International Communication (TOEIC), an assessment developed by Educational Testing Services (ETS) in Taiwan in August 2001. He further replicated his success and massively grew the test-taker population from 18,000 to 180,000 in 8 years.

Before joining Chun Shin Limited, Mr. Wang was in charge of the international business division of Zurich Insurance from 1982 to 1993. He grew the business from NT$300 million to NT$700 million and is highly regarded in the industry.

Mr. James Wu, Chief Executive Officer of UCHC, stated that Mr. Benjamin Wang brings with him a wealth of experience in various industries and expertise in exploring and materializing business development opportunities, which are particularly relevant to the business objectives of UCHC.

About Uni Core Holdings Corporation

Uni Core Holdings Corporation (stock symbol: UCHC) was founded in the USA in September 1998 under the name of Intermost Corporation and it was the first Chinese Internet company listed on the US OTC Bulletin Board in December 1998. Uni Core Holdings Corporation changed its name from January 29, 2010 and evolved into a new business strategy, acting as 'company doctor' and 'incubator' of mid- to large-size companies that have good potential and profitable products in the market, which are desperate for help from experts who can help them grow by assisting them in obtaining public or private financing in China, including company diagnosis services; consulting services; mergers and acquisitions; incubating; raise fund or financing; assistance to get public listing for mid- to large-size companies, etc.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.

    For more information, please contact:

     Mr. Caiyi Zhou
     Tel:   +852-2827-6898
     Fax:   +852-2827-6989
     Email: [email protected]
     Web:   http://www.unicoreholdings.com

SOURCE Uni Core Holdings Corporation