The Castle Group, Inc. Welcomes Robert Wu as Member of Board of Directors and Executive V.P. of Asia Development for Subsidiary
HONOLULU--(Business Wire)--The Castle Group, Inc. (OTCBB:CAGU) today announced the
appointment of entrepreneur Robert Wu to its Board of Directors and to
the post of Executive Vice President of Asian Development for its
subsidiary Castle Resorts & Hotels, which provides hospitality
services to 26 properties in Hawaii, Guam, Micronesia, New Zealand,
and Thailand.
Mr. Wu serves as the chief executive officer for the Wu Group, a
Hawaii-based firm that specializes in Asia imports, management of
several Hawaii businesses and business consultation services for the
Asia-Pacific region. As proprietor of numerous Hawaii businesses over
the past 22 years, he has extensive knowledge in the operation and
management of small and medium sized organizations. He has served on
the Hawaii Council on Economic Education for the University of Hawaii,
Na Koa Football and has been a trustee for Palama Settlement, Hawaii
Library Foundation and Maryknoll School.
"We are pleased to welcome Robert Wu to both our Board of
Directors and to the key executive post of Executive Vice
President-Asia, leading business development activities for our Castle
Resorts & Hotels subsidiary," commented Rick Wall, chairman and chief
executive officer of The Castle Group, Inc. "The rapid growth we have
planned has a crucial Asia component, and we fully expect Mr. Wu's
insights into the Asia market, as well as his expertise in operating
and building businesses in Hawaii, to stand us in excellent stead
going forward. He has not only noteworthy drive and enthusiasm but
also established business contacts throughout Vietnam and personal
experience that is highly relevant to Castle's Southeast Asia growth."
About The Castle Group
The Castle Group manages hotels and condominiums on the Hawaiian
islands of Oahu, Maui, Kauai, Molokai and Hawaii; on Saipan and Guam
in Micronesia; Thailand and on New Zealand's North Island. Founded in
1994 with just 220 rooms, today Castle has contracts with 26
properties totaling more than 3,200 hotel rooms and condominium units
and employs more than 800 resort, hotel and corporate staff. Castle
offers traveler's accommodations ranging from hotel guest rooms to
fully equipped spacious resort condominiums. Castle has adopted a
strategic plan to expand in Hawaii, Micronesia, New Zealand, and
Thailand, as well as in regions throughout the Pacific, Asia and
Central America.
This press release contains forward-looking statements made under
the "safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Forward looking statements are based upon the
current plans, estimates and projections of The Castle Group's
management and are subject to risks and uncertainties which could
cause actual results to differ from the forward looking statements.
These include, but are not limited to risk factors and uncertainties
set forth in the Company's Form 10-KSB/A-1 dated November 7, 2007 and
other filings with the U.S. Securities and Exchange Commission. The
Castle Group does not assume any obligation to update the information
contained in this press release.
The Castle Group
Donna Wheeler
Toll-Free: 1-800-733-7753 (U.S./Canada/Guam/Saipan)
Direct: 808-524-0900
Fax: 808-521-9994
pr@castleresorts.com
or
Investor Relations Contact:
CCG Investor Relations
Christi Mottola, Managing Partner
Direct: 949-851-1109
Fax: 949-223-0028
Christi.Mottola@ccgir.com
Copyright Business Wire 2008
