Pacific Place Conference Centre, Annapurna Room, 88 Queensway, Hong Kong, SAR.
During the meeting, First Ecom stockholders elected Gregory Pek, Ravi Daswani, Douglas Moore, Ian Robinson, James Pratt and Eric Pinkney to serve as directors until the next annual meeting or until their respective successors are elected and qualified. Stockholders also ratified the
appointment of Deloitte Touche Tohmatsu as independent public accountants for the Company's current fiscal year.
Mr. Ian Robinson, Vice Chairman of the Board, began the meeting with an overview of the Company's operations during the past year and its plans for the future. Mr. Robinson said, "Our achievements were not what we had hoped
for last year. There are, however, positive signs that the Company can prosper. During the last twelve months First Ecom has grown both as a
Company and in what it can offer to its clients."
Mr. Robinson went on to explain that the changes the company made during the end of 2000 and those that it plans to make during the beginning of this
year bode well for the future of the company and that 2001 will be a year of growth for First Ecom.
The Chairman's Statement is available for download on the Company's Web site (www.firstecom.com
Following the Annual Meeting, the newly appointed Directors held a Board meeting in which Ian Robinson was elected Chairman of the Board and Eric Pinkney was elected Vice-Chairman. These appointments are effective immediately.
About First Ecom
As a global provider of electronic payment processing, First Ecom provides
secure, easy-to-implement and low-cost online payment processing services to
banks and their merchants worldwide. Through strategic partnerships with
banks, ISPs, e-commerce product suppliers, system integrators and storefront
solution providers, First Ecom will process credit card transactions made
over the Internet in multiple currencies, either domestically or offshore in
a tax-neutral jurisdiction.
For more information, visit www.firstecom.com
contact First Ecom at +(852) 2801-5181 or by e-mail at info@firstecom.com.
Gregory M. Pek
Mr. Pek has been an Executive Director of companies listed on the Stock
Exchange of Hong Kong. As Executive Director, Mr. Pek has been involved in
several equity issues aggregating approximately HK$1.5 billion. Prior to
taking residence in Hong Kong, Mr. Pek was a director and officer of a
number of public companies in Canada. Mr. Pek has broad business experience
in manufacturing, marketing, finance, regulatory issues (in the United
States, Canada, and Hong Kong), and acquisitions.
Ravi Daswani
Mr. Daswani was the Managing Director of Asia Internet Limited, a Hong Kong
ISP and one of the reputable system integration companies in Hong Kong.
During his tenure with Asia Internet, Mr. Daswani helped establish Sing Web
Pte. Ltd., a Singapore based IPP. He has previously established
international operations trading in dry goods, consumer electronics,
apparel, and Internet services. He has established businesses in Africa,
Latin America, and Asia.
Douglas H. Moore
Mr. Doug Moore has been a member of the Board of Directors since October
1999. Mr. Moore is the Chief Executive Officer of Henderson Cyber Limited
(8023 listed on the Growth Enterprise Market, The Stock Exchange of Hong
Kong), the high technology subsidiary of the Henderson Group, which
comprises Henderson Land Development Company Limited and its subsidiaries.
Mr. Moore is also the Head of Strategic Planning of Henderson Land. From
1994 until earlier this year Mr. Moore was the Head of the Hong Kong Market
of Credit Suisse and a Director of Credit Suisse Investment Advisory (Hong
Kong) Limited. Prior to 1994 Mr. Moore practiced international and Canadian
taxation law with the Hong Kong and Toronto offices of McMillan, Binch, a
major Canadian law firm.
Ian Robinson
Mr. Robinson has 44 years experience as a professional accountant and Senior
Partner with Ernst and Young, one of the large international accounting
firms. He has been based in Hong Kong since 1980, servicing the Asian
region, and has had experience in major countries around the world. Mr.
Robinson has specialized in Corporate Rescue, Restructuring, Insolvency,
Investigation, Business Valuation and Trouble shooting generally. He also
holds a number of companies' Directorships including acting as Chairman of
the Audit Committee of Hong Kong Housing Society.
James Pratt
Mr. Pratt is the Managing Director of Asia Wireless, a Division of Telstra
On Air, Telstra Corporation of Australia. He oversees all of Telstra Group's
wireless operations and is responsible for their various investments
throughout the Asia Pacific Region. Mr. Pratt was formerly Chief Executive
Officer of Peoples Phone in Hong Kong and has more than thirty years
international management experience in the Asia-Pacific telecommunications
industry.
Eric Pinkney
Mr. Eric Pinkney has a background in finance in the technology sector and
works as an independent consultant to companies in North America. Apart from
sitting on the board of First Ecom, Mr. Pinkney is also a director of one
Canadian listed company. From 1994 through to July 2000 he was the Chief
Financial Officer of FMC Software Consulting Inc.