Xinhua Finance Media Signs Contracts For Two New Regional Magazines Being Launched By China Telecom
April 26 2007 - 8:46AM
PR Newswire (US)
BEIJING, April 26 /Xinhua-PRNewswire/ -- Xinhua Finance Media
("XFMedia"; Nasdaq: XFML), China's leading diversified financial
and entertainment media company, announced that its Print Group has
signed exclusive agreements to provide content as well as sell
advertising for two new regional direct mail magazines being
launched by Hangzhou Telecom and Foshan Telecom, direct
subsidiaries of China Telecom. Under the three-year agreements,
XFMedia will provide high-end leisure, consumption &
entertainment content for China Telecom's two bi-monthly magazines,
one in Hangzhou and the other one in Foshan. The magazines are
exclusively produced for China Telecom's VIP clients with average
monthly spending over US$300. The total circulation in Hangzhou and
Foshan is 10,000 and 5,000 copies respectively. Xinhua Finance
Media COO Mr Zhu Shan said the project is significant both in terms
of potential revenues and expansion of distribution channels to
reach XFMedia's targeted demographic of high net worth individuals.
"It is a great honor that China Telecom trusts in our ability to
provide quality content. We expect to expand the cooperation in
other regions such as Zhejiang and Zhuhai in the near future," Mr
Zhu said. XFMedia's Print Group possesses exclusive advertising
rights and provides consulting services for newspapers and
magazines. It currently places content and advertisements through
three in-house publications - Money Journal, Funds Observer, and
Chinese Venture; as well as offering content to the Beijing Review,
China's only weekly English news magazine. In addition, it is the
exclusive advertising agent for The Economic Observer, one of
China's most widely read financial newspapers. About Xinhua Finance
Media Limited Xinhua Finance Media ("XFMedia"; Nasdaq: XFML) is
China's leading diversified financial and entertainment media
company targeting high net worth individuals nationwide. The
company reaches its target audience via TV, radio, newspapers,
magazines and other distribution channels. Through its five
synergistic business groups, Advertising, Broadcast, Print,
Production and Research, XFMedia offers a total solution empowering
clients at every stage of the media process and keeping people
connected and entertained. Headquartered in Beijing, the company
has offices and affiliates in major cities of China including
Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. For more
information, please visit http://www.xinhuafinancemedia.com/.
Xinhua Finance Media is a subsidiary of Xinhua Finance Limited
("XFL"; TSE Mothers: 9399), China's premier financial information
and media service provider. XFL owns 36.9% of the equity and 85.4%
of the voting rights of XFMedia through its holding of class B
common shares, which have ten votes per share. The investing
public, the company's China partners, executives and staff own
class A common shares in the company with one vote per share. The
dual-class common share structure was created to accommodate the
regulatory landscape of China's media sector. Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," 'confident' and similar statements. Among
other things, expectations about the Chinese advertising market and
quotations from management in this announcement contain forward-
looking statements. Statements that are not historical facts,
including statements about XFMedia's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties that could cause actual results to
differ materially from those contained in any forward-looking
statements. Potential risks and uncertainties are risks outlined in
XFMedia's filings with the U.S. Securities and Exchange Commission,
including its registration statement on Form F-1. All information
provided in this press release is as of April 19, 2007, and XFMedia
undertakes no duty to update such information, except as required
under applicable law. For more information: China Xinhua Finance
Media Ms Joy Tsang Tel: +86-21-6113-5999 Email: United States
Richard Lewis Communications, Inc. Mr Gregory Q. Tiberend Tel:
+1-212-827-0020 Email: DATASOURCE: Xinhua Finance Media Limited
CONTACT: China, Ms. Joy Tsang of Xinhua Finance Media,
+86-21-6113-5999, or ; or United States, Mr. Gregory Q. Tiberend of
Richard Lewis Communications, Inc., +1-212-827-0020, or , for
Xinhua Finance Media Web Site: http://www.xinhuafinancemedia.com/
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