updated 10/18/2010 6:45:55 AM ET 2010-10-18T10:45:55

HONG KONG, Oct. 18, 2010 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) and wholly owned subsidiary Hong Kong Broadband Network Limited's "CXO of the Future" is designed to attract leading World Class university graduates who have a passion to grow into the CXO positions in 15-20 years time. CXO can be Chief Executive Officer, Chief Financial Officer, Chief Technology Officer, etc. This is an intensive 18-month program designed to expose the candidate to our entire business process, from frontline sales to personal assistant to Chairman and CEO.

"In 15-20 years time, when I approach retirement, I hope to have a competitive upgrade option from within the company. Our "CXO of the Future" program is designed to strengthen and deepen our management bench," said NiQ Lai, Chief Financial Officer and Head of Talent Engagement.

In 2009, our "CXO of the Future" search attracted 793 applications from around the world. After an extensive short-listing process, we made one offer but unfortunately, the candidate did not accept the position. For a video of the final selection process conducted over 2-day process at outward bound, please refer to:

http://www.ctigroup.com.hk/ctigroup/eng/cxo/cxo2011_minisite_Programvideo.htm

For full details, please refer to the Press Release at

http://reg.hkbn.net/ctigroup_admin/files_upload/PR_FutureCXOWanted_E.pdf

About City Telecom/Hong Kong Broadband Network Limited

Established in 1992, City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) provides integrated telecommunications services in Hong Kong via its own self-built fibre network. City Telecom's wholly-owned subsidiary, Hong Kong Broadband Network Limited (HKBN), is the fastest growing broadband service provider in Hong Kong. HKBN offers a diversified portfolio of innovative products that service over 1,027,000 subscriptions for broadband, local telephony and IP-TV. The Company has built a solid market position with top-of-the-line applications and practices enabling it substantial growth. The Company takes great pride in developing its 3,000 Talent force into a competitive advantage. Additional information is available at www.ctigroup.com.hk .

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