HONG KONG, Nov. 9 /Xinhua-PRNewswire/ -- WealthCraft Systems Inc. (OTC Bulletin Board: WCSY), a leading IT solution provider for financial institutions, has appointed Charles Shao as Vice President of Host Service & IT Support. He brings with him a wealth of intensive IT and telecom support experience from working at senior management level in Mainland China.

Mr Shao joins WealthCraft from state-owned multinational company Chery Automobile in Wuhu, where he was IT operations director, reporting to the VP of Chery Group.

Supervising a team of 60, he was responsible for the entire IT operation of Chery Group, which manufactures in several countries with a workforce of more than 30,000, heading the global data centre, network telecommunication, IT security, help desk support and internal sales. He constructed a scalable, stable and safe IT infrastructure, creating its IT standards and policies, supervising technical functioning, consultants, contractors and vendors, and generally re-engineering the group's business process.

Prior to joining Chery in 2006, he was technical manager at WiseTone in Shenzhen, developing a new service model for the company to become an integrated telecom service provider to China Telecom, setting up the service architecture and customer care center.

His role included business development support, strategy planning and marketing.

From 2001 to 2005 he was tech support project manager at PCCW in Hong Kong, providing integrated communication solutions including DDN, IPLC, ATM, FRAME - RELAY, MPLS VPN and VOIP for Asia Pacific multinationals and state-owned Chinese companies, as well as services ranging from installation and trouble shooting to advanced networking and security.

His first position in Mainland Chinawas as a telecommunication engineer at Shenzhen Telecom Engineering Company, which he joined in 1998, implementing PSTN and GSM engineering for China Telecom and China Mobile.

About WealthCraft

WealthCraft Systems Inc. (OTC Bulletin Board: WCSY) headquartered in Hong Kong SAR, is the parent company of WealthCraft Systems Ltd, an information technology company that designs, develops, markets and supports a flexible, scalable and secure technology platform for wealth management services to financial institutions, including investment advisory firms, securities brokerage firms, retail and private banks, mutual fund companies and insurance companies.

WealthCraft's Advisor Workbench enables professionals to develop their wealth management business while its ATOMS Order Management provides an integrated back-office system providing order execution, order management and portfolio and commission management. WealthCraft's products facilitate seamless implementation of the industry standard SWIFTNet Funds solution for automated mutual fund transactions.

This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on WealthCraft management's current expectations and are subject to risks and uncertainties and changes in circumstances. All forward- looking statements included in this press release are based upon information available to WealthCraft as of the date of the press release, and it assumes no obligation to update or alter its forward- looking statements whether as a result of new information, future events or otherwise. Further information on risks or other factors that could affect WealthCraft's results of operations are detailed in the filings of WealthCraft with the SEC.



    For more information, please contact:

    Investor Contact:
     Mr. Cliff Harkins
     WealthCraft Systems Limited
     Tel:   +852-3586-8232
     Email: cliff.harkins@wealthcraft.com

    Media Contact:
     Jennifer Shay
     Upstream Asia Limited
     Tel:   +852-2973-0222
     Email: jennifer.shay@upstreamasia.com

SOURCE WealthCraft Systems Inc.