September 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Linen Textile Industry, Ltd. (OTCBB: CTXIF) has named Stephen Monticelli to its board of directors.  The company currently has one independent director and a total of four board members. Monticelli founded Mosaic in 1996 and launched its first two funds in 1998. Mosaic has since shifted its emphasis to investing in China-based U.S. listed companies.

Monticelli has an investment career spanning 23 years and encompassing both private equity (buyouts and venture capital) and public equity. He previously served as principal at The Fremont Group (the primary investment vehicle for the Bechtel family) and also a managing director with Baccharis Capital, a venture-capital firm funded by another "Forbes 400" family. 

Prior to his investment career, Monticelli was a management consultant with Marakon Associates and a CPA with Deloitte and Touche. 

China-based China Linen Textile Industry is principally engaged in the production and sale of linen yarn and various types of linen fabric.

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