Alpha Spacecom, Inc. Adds Business, Financial, Legal, Entertainment and Investor Relations Experts to Executive Management Team

Alpha Spacecom, Inc. Adds Business, Financial, Legal, Entertainment and Investor Relations Experts to Executive Management Team

HONG KONG and BEVERLY HILLS, Calif., Jan. 31 /PRNewswire-FirstCall/ -- Alpha Spacecom, Inc. (BULLETIN BOARD: ASPC) , a China-based Company in process of converting movie theaters and multi-cinema complexes to digital projection, announced today the addition of six American and Chinese executives to its management team. Chief Executive Officer and Chairman, Fung T. Sien, said the new members are Jun Chen, Director/Vice President, Corporate Development/Engineering for Communications, Media, and Entertainment in China; Dennis H. Johnston, Esq., Vice President/General Counsel; Shen Shan Ming, Vice President Accounting and Corporate Finance; Michael Selsman, Executive Producer, Advisory Board; Ming Liu, accountant, and John Santoyo, Vice President, Investor Relations.

Chairman Sien noted that "Alpha Spacecom is expanding rapidly. According to China Digital Film Company, China will overtake the United States in the number of digital theatres by the end of 2005 with more than 150 digital cinemas in China projected. Further, the number of digital cinemas in the country is expected to reach 1,000 within a few years. And as our Company is also involved in the satellite distribution of entertainment media, including film, theater, live music and sporting events, in China, we require a high level of experienced corporate executives to administer our growing business in Asia and soon, in the United States and Europe."

Jun Chen is an entrepreneur in China. His business career is focused on entertainment and commercial real estate finance, management and development. Prior to entering business for himself, he was an executive at the Beijing City Development Company, China Real Estate Department Post and China Media Data Encryption Company. Jun has extensive knowledge and hands on experience in China's media entertainment and land development projects.

Dennis H. Johnston specializes in representing corporations and financial institutions and has assisted in organizing and financing private and publicly traded companies in mergers and acquisitions with a total value in excess of $3 billion. Johnston is a business and economics graduate from UCLA and received a law degree with Dean's List Honors from Loyola University of Los Angeles where he was an Editor of The Loyola Law Review. He is a former partner at the nationally recognized law firms of Manatt, Phelps & Phillips, LLP, formerly Manatt, Phelps, Rothenberg, & Tunney, and Wyman, Bautzer, Kuchel & Silbert.

Shen Shan Ming holds a Masters Degree in Corporate & International Finance (Lancaster University UK) and has been serving as the general manager for telecom ventures at Hong Kong Electric Holdings Limited. He is a seasoned professional in the field of evaluating and negotiating Chinese investment and infrastructure projects and was appointed as an advisor to the Chinese Ministry of Film, Radio Broadcasting and TV, now known as State Administration of Radio, Film and Television (SARFT). From 1994 to 2001, Shen served as a member of the Chinese People's Political Consultation Conference, (CPPCC) Zhejiang Province, and a Delegate of North England Development Corporation and agency for the Department of Trade & Industry, UK. He was formally a director of Ka Wah Bank Trustee Limited and Pacific Asia Enterprises (HK).

Michael Selsman has been an executive at 20th Century-Fox, Paramount, MGM, Universal, and Samuel Goldwyn Productions, at Goldwyn Studios. He has been a studio and independent producer, a theatrical agent and public relations agent, and has personally represented Marilyn Monroe, Judy Garland, James Stewart, Henry, Jane and Peter Fonda, Marlene Dietrich, Rock Hudson, Gene Kelly, James Mason, Peter Sellers, Lawrence Harvey, Mervyn LeRoy and others. Selsman line-produced a number of films on distant locations in the U.S., and co-produced the feature film "Gotcha," for Universal, as well as developing 18 other feature film and television projects as a producer at MGM. As a professional writer, he has been employed by Hemdale Pictures Corp., MGM Studios, Robert Halmi International, New World Pictures, and others.

Ming Liu, accountant, has been with China Youth Daily, in Beijing, China since August 1995. She received her Bachelor Degree in Economics in Beijing, China the same year.

John Santoyo specializes in strategic planning and business development for a wide range of public and private companies. Drawing on his background in both public relations and marketing, his experience includes developing and implementing programs designed to manage as well as stimulate investor attention. He attended the University of Southern California studying Political Science and Finance and the president and Chief Executive Officer of JMS Capital Partners, LLC, a boutique consulting and private equity firm based in Los Angeles.

About Alpha Spacecom, Inc.

Alpha Spacecom, Inc. is a registered United States (Colorado) corporation traded on the OTC Bulletin Board (ASPC:OB). Alpha Spacecom is engaged in the research and development of technology and systems conversions related to the reconstruction and digital conversion of movie theaters and multi-cinema complexes and the satellite distribution of entertainment media (film, theater, live music and sporting events) in China. (http://www.alphaspacecom.com/).

Except for historical information contained herein, the matters set forth in this press release, such as statements relating to the Company's ability to drive technological developments and the acceptance and timing of entertainment systems, conversion and programming introductions, are forward- looking statements that are subject to risks and uncertainties, including timely development and acceptance of new systems technologies, theater conversions and satellite linked communications.

Contact:

John Santoyo
Investor Relations
213-426-3206
213-426-3207
Los Angeles, California
info@alphaspacecom.com


Source: Alpha Spacecom, Inc.

CONTACT: Investor Relations, John Santoyo, +1-213-426-3206, or
+1-213-426-3207, or fax, +1-213-426-3250, info@alphaspacecom.com

Web site: http://www.alphaspacecom.com/


-------
Profile: intent