Cirmaker Holds Annual Corporate Update Meeting in Taipei, Taiwan

Cirmaker Holds Annual Corporate Update Meeting in Taipei, Taiwan

Company Forms Cirmaker Technology Corporation Europe

Ken Gooley Appointed European Managing Director To Lead European Strategic Growth Program

NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- Cirmaker Technology Corp. (BULLETIN BOARD: CRKT.OB) , which manufactures set top boxes (STB's) for digital TV signal reception, LCD flat screens for televisions and PC's, CPU coolers for computers and electronic components, today announced that it held its annual corporate update meeting in Taipei, Taiwan, formed a European division with a separate board of directors to oversee the operations, and have appointed Ken Gooley as its first European Managing Director to lead the European Strategic Growth Program.

Mr. Gooley will be responsible for developing a pan-European sales and marketing base for Cirmaker from the London headquarters. In addition, he will be creating a comprehensive growth strategy for Cirmaker's key product range throughout the European Community and key eastern European markets.

Mr. Gooley joins Cirmaker after holding numerous senior executive positions for global organizations, including most recently European President of Sales of Enlighten Technology. He also held the positions of President of Sales and Marketing for Law Alert International, Vice President for JV Web International and numerous senior management positions with Pitney Bowes, Inc.

Chief Executive Officer and President of Cirmaker Technology, Bill Liao said, "Cirmaker's entry into the European marketplace, is the beginning of our Company's global growth strategy. We have a well planned out program in place to succeed in the European market. The Company has developed a board of directors to oversee the European division, which is composed of myself, Grace Chang, Chief Financial Officer, William Chen, Chief Development Officer of China Operations and the following directors: Evelyn YK Lee, International Corporate Advisor and Ken Gooley."

He continued, "We are pleased to announce, that leading the European strategic growth program will be Ken Gooley. Mr. Gooley has more then 20 years of achievements and experience in sales and marketing, business development and strategic program development in consulting, supply chain solutions and Go-To-Market in the global market place. He brings to the position a wealth of knowledge, expertise and leadership skills necessary to promote Cirmaker successfully in Europe and worldwide. He will be instrumental in building new relationships for our Company and will open up new distribution opportunities for Cirmaker. We are also reviewing other global distribution options, for several of our products, including entry into the United States marketplace."

"Cirmaker's newly introduced digital set top boxes are technologically advanced, and are produced at an extremely competitive cost basis. We intend to utilize these features and cost advantages to rapidly penetrate the European marketplace, where comparable set top boxes are selling for three to four times our cost of manufacturing," Mr. Liao concluded.

About Cirmaker Technology Corp.

Headquartered in Taiwan with offices in New York City, London, Beijing, and Guangdong province, Cirmaker Technology manufactures 3G MHP (3rd generation multimedia home platform) digital set top boxes for television sets, LCD flat screens for televisions and PC's, cooling systems for laptop and personal computers, electrical and electronic components. Cirmaker has developed set top boxes that convert digital television broadcast signals into analog formats so that analog TV sets can receive digital programming. The system also receives, processes, stores and broadcasts analog, digital and streaming media signals, and supports pay-per- view and video-on-demand functions. Cirmaker believes it is the only 3G MHP STB manufacturer operating in China able to produce in volume a device that meets all the required standards of Chinese broadcasting authorities. It also complies with all international HDTV standards for high definition television.

The Company's subsidiary, Shaanxi New Century Electronic Co., produces a new generation satellite set top box that converts digital television broadcast signals into analog formats so that analog TV sets can receive digital programming. This device meets all the required standards of Chinese broadcasting authorities. Because the Chinese government plans to change all TV broadcast signals from analog to digital, there is a significant demand in Mainland China for this product.

For further information on Cirmaker Technology Corp., please visit http://www.cirmaker.com.tw/

Forward Looking Statements

The matters discussed in this news release contain forward-looking statements, including statements regarding the demand for set top box satellite receivers in China, future sales made by Cirmaker in China, and the potential success of the strategic alliance between Shaanxi Ruyi Electric Co. and Cirmaker. These statements are subject to various risks, uncertainties and other factors that could cause actual results to vary materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include Cirmaker's potential inability to raise additional capital, the potential breach by the counterparty to the sales agreement of its obligations to buy satellite receivers there under, Cirmaker's potential inability to compete with other companies that may be more experienced and better capitalized than Cirmaker, changes in domestic and foreign laws, regulations and taxes, changes in economic conditions, uncertainties related to the legal systems in Cirmaker's target markets, including, China's legal system and economic, political and social events in China and other target markets, foreign relations between Taiwan, China and Cirmaker's other potential target markets, a general economic downturn, a downturn in the securities markets, Securities and Exchange Commission regulations which affect trading in the securities of "penny stocks," and other risks and uncertainties detailed from time to time in Cirmaker's filings with the Securities and Exchange Commission. These forward-looking statements represent management's judgment as of the date of this release. Cirmaker disclaims any intent or obligation to update these forward-looking statements.

You may register to receive Cirmaker's future press releases and to be added to the company's distribution list by visiting: http://www.roiny.com/form.php.

For more information, please contact:
Company Contact:
Cirmaker Technology Corporation
Charles R. Skeele
General Manager
Telephone: 917-639-4098
Email: cskeele@cirmaker.com.tw


Investor Relations Contact:
ROI Group Associates, Inc.
39 Broadway, Suite 2410
New York, NY 1006
Charles A. Nelson / Sarah Shepard
Vice President / Vice President
Telephone: (212) 495-0200, ext. 15 / 17
Fax: (212) 495-0746
Email: cnelson@roiny.com / sshepard@roiny.comhttp://www.roiny.com/


Source: Cirmaker Technology Corp.

CONTACT: Charles R. Skeele, General Manager of Cirmaker Technology
Corporation, +1-917-639-4098, cskeele@cirmaker.com.tw; or Investor Relations -
Charles A. Nelson, Vice President, ext. 15, cnelson@roiny.com , Sarah Shepard,
Vice President, ext. 17, sshepard@roiny.com, both of ROI Group Associates,
Inc., +1-212-495-0200, or fax, +1-212-495-0746

Web site: http://www.cirmaker.com.tw/
http://www.roiny.com/form.php


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