Wednesday, August 17, 2005
China Digital Media Corporation (CDGT)
CDGT acquired Arcotect in April 2005, a wholely owned foreign enterprise in China, which operates a cable TV business in Nanhai in Guangdong (200 employees).
The company discontinued its salon and cleaning business in U.S. and will concentrate on the development of its business in the media industry in China.Thanks to former CEO Roth's unauthorized actions mentioned below.
So the company currently has two significant subsidiaries: Arcotect and DigiMedia Service, which is in Shengzhen.
I'm hot-linking to their business model graph (since this is an extremely low traffic site and it's in their own best interests). I like the attention to detail.
The company earned 2 cents in Q2 and the stock sells for $2.50, so it's not a no-brainer as an investment. But it's an interesting company that's worth diving into.
CEO: Daniel C. S. Ng
He is currently the Chief Architect of Arcotect Limited, one of the several pre-selected Hong Kong Government vendor in supplying e-Government information systems. He has been the Chairman and CEO of DCP Holdings Limited, a listed company in Hong Kong (2000 – 2001), who specializes in personal computer manufacturing and Internet related investment projects. In 1999, Mr. Ng was the Director of Cable Multimedia Services of Hong Kong Cable TV Limited, the only cable TV operator in Hong Kong. From 1995 to 1998, he was the founder and President of Hong Kong Star Internet Limited, the first commercial ISP in Hong Kong. Star Internet was the second largest ISP in Hong Kong and merged with HK Telecom IMS (the largest ISP at that time) in 1998.Here's a better description of Daniel Ng:
Mr. Ng has spared no efforts in serving the information technology industry. In 2000, Mr. Ng was elected as one of Hong Kong's "Ten Outstanding Young Digi Persons" by Hong Kong Productivity Council and Hong Kong Junior Chamber. He is now the president of Hong Kong Information Technology Federation, a non-profit trade association founded in 1980 with more than 300 corporate members. HKITF provides a forum in which IT-related business in Hong Kong can work together for the benefit of the industry and to maintain a high level of business practice amongst the members. Mr. Ng is also a committee member of the Electronics & Communications Industry & Health Advisory Committee of the Occupational Safety & Health Council. Furthermore, he is the founding member of Hong Kong Internet Service Providers Association and was elected as the first chairman from 1996 to 1999.
The machine-guns on Daniel Ng's desk are the first hint that he is not your typical Hong Kong chief executive....they will die from my machine guns. [Ok, ok, that was all paint-ball equipment.]
The hand grenade sitting beside his laptop computer grabs your attention as your eyes wander across a collection of scale-model racing cars on the window sill.
But the clincher would be spotting Mr Ng, 35, and a few dozen of his java programmers sweating away at their mandatory exercises in Victoria Park at 7.30 am."We work long hours and if my staff do not have fun, they will die," said Mr Ng
CTO: Mr Ng brings with him Billy Tam another founder of Hong Kong Star Internet Limited, who branched off into cable modem services, BSEE from Seattle University, probably worked for Boeing.
Director of Finance, Corporate Affairs: Daniel Lui
Comes from an IT background. Worked in finance at Tomson Pacific, listed HK company.
Reading these bios, I'd say they could use someone with strong knowledge of PR. Despite the fact that your director of finance has a lot of IT knowledge, it's not a good idea to emphasize it.
Director of Business Development: Lu Chen
Mr. Chen has over 16 years experience of business development in banking, telecom and broadcasting industry and his strong managerial expertise dovetails very well into his areas of responsibility at CDGT. Prior to joining CDGT, Mr. Chen was the founder and general manager of Guangzhou Vispac Telecom Co Ltd ("廣州創見太平洋通訊有限公司"). In his 3-year position, he formed a direct sales team of 100 salespersons, recruited 30,000 employees and set up representative offices in DongGuan & ShenZhen. From 1995 to 2000, he was the founder and AGM of "廣州大菱通訊有限公司", and majored in the expansion of electronic components distribution and telecommunication business in South China region. Earlier, he was appointed as business development manager of "北京大菱通訊有限公司廣州分公司" to instrumental in establishing strategic directions and business partnerships. From 1988 to 1991, Mr. Chen worked for Bank of China after his graduation.UPDATE: Stop following