Professor Lawrence J. Lau Joins Achievo's Board of Directors

Professor Lawrence J. Lau Joins Achievo's Board of Directors

November 15, 2007

Renowned Economist Advises Businesses, Governments and
Educational Institutions Throughout Asia and the U.S.


    SAN RAMON, Calif., Nov. 15 /Xinhua-PRNewswire/ --
Achievo(R) Corporation, the leading global software and
information technology outsourcing provider with a local
front-end and China back-end service model, today announced
that Professor Lawrence (Larry) J. Lau has joined the
company's board of directors. Professor Lau is president
and vice-chancellor of The Chinese University of Hong Kong
and Kwoh-Ting Li professor emeritus in economic development
at Stanford University in Palo Alto, California.

    (Logo: http://www.xprn.com.cn/xprn/sa/200611291032.jpg
)

    Professor Lau is an expert on economic dynamics, and
specializes in the economic development, growth and
economies of East Asia.  In 1966, he developed one of the
first econometric models of China, which is revised and
updated regularly to reflect current trends. 

    Professor Lau also serves as vice president of the
China Science Center of the International Eurasian Academy
of Sciences and vice chairman of the China Society for
Finance and Banking.  He is an international adviser to the
National Bureau of Statistics in mainland China, and a board
director of the Chiang Ching-Kuo Foundation for
International Scholarly Exchange in Taiwan.  He is
concurrently Ralph and Claire Landau professor of economics
at The Chinese University of Hong Kong. 

    "We are fortunate to have an individual of Larry's
expertise, intellect and international reputation join our
board," said Dr. Robert P. Lee, Achievo's chairman and
CEO.  "Competitive companies representing almost every
industry are outsourcing a percentage of their software and
IT projects as part of their business strategy.  The timely
availability of quality software solutions, increasingly
leveraged by the cost advantages of software outsourcing,
has become a factor not just for the success of these
companies, but as a driver for the macro economic
development of countries.

    "Larry's long-term analysis on how economics
affect and impact growth and performance will be
instrumental in helping us grow our business.  With an
extensive and diversified background in advising private
and public companies, local and state governments, and
higher education institutions, Larry will assist us to
achieve our goal of becoming one of the largest and best
software and IT outsourcing companies in the world."

    Born in mainland China, Professor Lau has a bachelor's
degree in physics and economics from Stanford University,
and master's and doctorate degrees in economics from the
University of California at Berkeley.  Last year, Professor
Lau was named Kwoh-Ting Li professor emeritus in economic
development at Stanford after being appointed the first
Kwoh-Ting Li professor in 1992. 

    Professor Lau has a 40-plus year affiliation with
Stanford that began in 1964 when he graduated from the
university.  Two years later he became a faculty member in
the university's economics department.  He later served as
co-director of the Asia-Pacific Research Center and as
director of the Stanford Institute for Economic Policy
Research.  

    He was awarded an honorary doctorate in social sciences
by the Hong Kong University of Science and Technology in
1999.  This year he received honorary doctorates from Soka
University and Waseda University.  Both universities are
located in Tokyo, Japan. 

    "This is an exceptional opportunity for me to
utilize my knowledge and associations to help Achievo meet
its goals and objectives," said Professor Lau. 
"I shall try to connect Achievo to the best schools
and introduce Achievo to partners that will help it to
expand its business." 

    In addition to extensive professional affiliations and
fellowships, Professor Lau provides academic and
professional consultation to a wide variety of institutions
and serves on numerous corporate boards. 

    Professor Lau is a board director of the Hong Kong
Science and Technology Parks Corporation, the city's
technology hub that includes international and local
companies in the areas of electronics, biotechnology,
engineering, IT and telecommunications; CNOOC Limited,
China's largest producer of offshore crude oil and natural
gas and one of the largest independent oil and gas
exploration and production companies in the world; Far
EasTone Telecommunications, a leading wireless service
provider in Taiwan; and Shin Kong Financial Holdings
Corporation, a publicly-held company on the Taiwan Stock
Exchange that provides insurance, banking, securities,
asset management and insurance brokerage services. 

    In addition, Professor Lau is an honorary professor at
many universities and institutions in China including the
Institute of Systems Science at the Chinese Academy of
Sciences; Jilin University; Nanjing University; Renmin
University of China; Shantou University; Southeast
University, and the School of Economics and Management at
Tsinghua University. 

    He also serves the Hong Kong community as a member of
the Hong Kong Special Administrative Region government's
commission on strategic development; the advisory committee
on corruption of the Independent Commission Against
Corruption; the steering committee on innovation and
technology; and the Exchange Fund advisory committee.

    Professor Lau joins fellow Achievo directors Robert P.
Lee Ph.D., Sandy Wai-Yan Chau (co-founder of Achievo
Corporation), Julio Leung (chief financial officer of
Achievo Corporation) and Herbert Chang (chairman and
co-founder of BCD Semiconductor Manufacturing Ltd.). 

    About Achievo 

    Achievo is a global offshore software and information
technology outsourcing provider with a local front-end and
China back-end service model. With expertise in diverse
technologies including Java/J2EE, .NET and embedded
platforms, the CMM- and ISO- certified company offers
improved efficiencies, scale, diversification, and a
combined talent pool to deliver cost-effective,
quality-centric, and scalable IT outsourcing services to
customers and partners worldwide.  Customers include
Accela, Audi, BMO Bank of Montreal, CA, China Mobile,
Chrysler, Daimler, Hitachi, Honda, Mitsubishi, Nomura,
Siemens, Toyota and Vidient.  Headquartered in the Silicon
Valley, Achievo has offices in the United States, Canada,
Germany, China and Japan.  For information on the company
and its services, visit http://www.achievo.com .

    (C) 2007 Achievo Corporation.  All rights reserved. 
Achievo is a registered trademark of Achievo Corporation in
the United States and in other countries.  All other
trademarks are the property of their respective owners.



    For more information, please contact: 

     Jayme Curtis, Public Relations,
     Achievo Corporation
     Tel:   [phone]
     Email: [e-mail]