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Asia Payment Systems adds Choo Jee Sam to board

19 June 2006  |  2280 views  |  0 Source: Asia Payment Systems

Asia Payment Systems, Inc. (Asia Payments) (BULLETIN BOARD: APYM) announces today that Mr. Choo Jee Sam (Sam) has been appointed to its Board of Directors.

Mr. Choo joins the board as the second director to be nominated by the InterPay International Group as a result of its recent acquisition by Asia Payments.

Mr. Choo is a seasoned Malaysian businessman, who speaks fluent Mandarin, and is currently a director of several private companies in Malaysia as well as a publicly listed company, Seni Jaya Corporation Bhd., which is a leading outdoor advertising media specialist in Malaysia. He also has his own investment holding company, JS Choo Holdings Pte Ltd, concentrating on property investments.

Sam's career includes senior management appointments with several international companies including Diner's Club and Bata Shoes. He also served in the 1990's as the Senior Vice President/General Manager of MBf Card Services, the largest MasterCard issuer in South East Asia at the time.

Mr. Choo holds a degree in Bachelor of Arts (Honours) from the University of Malaya and a Masters in Business Administration (Distinction) from The Asian Institute of Management, the Philippines. He has also been active in the Rotary International for the past 22 years and has made a strong contribution to the development of social and charitable services in Malaysia, including fund raising for 4 dialysis centers to serve low income patients.

Mr. Choo said, "I have known and have been associated with KK Ng and the InterPay team for some time and have confidence that Asia Payments has a bright future. I am looking forward to making my contribution to its success."

"I am very pleased that Sam has accepted our invitation to join the board. I know he brings a wealth of experience and knowledge to Asia Payments and I am looking forward to working with him on the board," said KK Ng, President and CEO.

Sam replaces John Fraser who has resigned to create a vacancy. Mr. Fraser continues to be a significant shareholder of Asia Payments.

Robert Clarke, Chairman, said, "The appointment of Sam brings added experience and relevant expertise to our Board and we welcome his addition. At the same time, I want to acknowledge John Fraser's contribution to Asia Payments. John has been a director since the early days of the company and has made key contributions as a director and executive."

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