updated 4/20/2011 5:47:04 AM ET 2011-04-20T09:47:04

HONG KONG, April 20, 2011 (GLOBE NEWSWIRE) -- City Telecom (H.K.) Limited (HKSE:1137) (Nasdaq:CTEL) and wholly owned subsidiary Hong Kong Broadband Network launched our "CXO of the Future" Management Trainee Program earlier this year and received 1,153 applications from 153 universities around the World. These applicants were then put through an exhaustive 2-month selection process, climaxing with a 36-hour Outward Bound Live-in Program where candidates were challenged with corporate simulation scenarios under extreme physical and mental conditions. We finally chose two elites to join our 10-year Big Hairy Audacious Goal to become the largest IP service provider in Hong Kong by 2016.

Mr. William Yeung, CEO, said, "Beyond the HK$36,000/month starting pay, which is competitive with graduate offers from the elite Government administrative officer (AO) track, global investment banks and leading management consulting firms, over the next decade, we will invest a huge amount of current generation CXOs management capital to nurture these two candidates into our future CXOs. This is why we put so much time, effort and resources into the selection process."

For a video of the 21 finalists at the Outward Bound Live-in Program, please visit http://www.youtube.com/watch?v=9M5i1CfOCNo

For full Press Release with Appendices, please visit http://reg.hkbn.net/ctigroup_admin/files_upload/110420_PR_CXOFinalistE.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 around 3,000 Talent force into a competitive advantage. Additional information on City Telecom can be found at www.ctigroup.com.hk

CONTACT: Corporate Communications
         Jessie Cheng
         Tel: +852 3145 4118
         Fax: +852 2199 8372
         Email: chengcm@ctihk.com
         Investor Engagement
         Peggy Chan
         Tel: +852 3145 6068
         Fax: +852 2199 8655
         Email: investor_engagement@ctihk.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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