Xinhua Finance CEO Says Management Team Remains Intensely Focused on Building Business
May 25 2007 - 9:00AM
PR Newswire (US)
SHANGHAI, May 25 /Xinhua-PRNewswire-FirstCall/ -- Fredy Bush, Chief
Executive Officer of Xinhua Finance Limited (symbol: 9399) (OTC
ADRs: XHFNY) and Xinhua Finance Media Limited (NASDAQ:XFML) today
issued the following statement: "My management team and I are
intensely focused on running and building our business. There have
been numerous inaccurate and misleading statements made about our
company in recent days, but we will not allow ourselves to be
distracted from continuing to execute on our business plan by
refuting every unfounded claim. The fundamental strengths of our
business have not changed. We continue to see strong financial
performance in our business, and are confident that our unique
competitive position within China will allow us to deliver value to
our shareholders." About the companies Xinhua Finance Limited
Xinhua Finance Limited is China's premier financial information and
media service provider and is listed on the Mothers Board of the
Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging
China's financial markets and the world, Xinhua Finance serves
financial institutions, corporations and re-distributors through
five focused and complementary service lines: Indices, Ratings,
Financial News, Investor Relations, and Distribution. Founded in
November 1999, the Company is headquartered in Shanghai, with
offices and news bureaus spanning 14 countries worldwide. For more
information, please visit http://www.xinhuafinance.com/ . 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. Xinhua
Finance Media Limited is a wholly owned subsidiary of Xinhua
Finance Limited. For more information, please visit
http://www.xinhuafinancemedia.com/ . 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, quotations from management in this announcement contain
forward-looking statements. XFMedia may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. 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. For more information Joy Tsang Tel: +86-136-2179-1577, or
+852-9486-4364 DATASOURCE: Xinhua Finance Limited; Xinhua Finance
Media Limited CONTACT: Joy Tsang of Xinhua Finance,
+86-136-2179-1577, or +852-948- 64364 Web site:
http://www.xinhuafinance.com/ http://www.xinhuafinancemedia.com/
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