BEIJING, China, May 16 – LAWFUEL – The Law News Network — Xinhua China, Ltd. (OTC Bulletin Board: XHUA – News) announced today that its subsidiary, Beijing Boheng Investments, Ltd., has retained the services of Beijing Ying Ke Law Firm to assist in the preparation of a co-publishing agreement. Ying Ke Law Firm is one of China’s leading legal firms specializing in intellectual properties, business and commercial law, Xinhua noted.
“We have had considerable interest from Western publishing firms about the possibility of entering into co-publishing agreements,” said Mr. Xianping Wang, President and CEO of Xinhua China. “Beijing Boheng Investments will be an excellent unit through which we can establish co-publishing agreements with Western publishers. We believe it prudent to have in place the form of an agreement that will facilitate discussions with publishers and allow us to reach definitive agreements more rapidly.”
Mr. Wang noted that Xinhua China holds the only national license for distribution of books and other publications in China. “We believe that our ability to offer nationwide distribution in China through Xinhua Publications Circulation and Distribution Co., Ltd. will make us a desirable partner for Western publishers in co-publishing agreements.”
About Xinhua China
Xinhua China Ltd. is a US publicly traded holding company that, through subsidiaries, owns Xinhua Publications Circulation & Distribution Co. Ltd. Xinhua C & D holds the only national license for distribution of books and other publications in China. Xinhua China is involved in forming strategy, operating and financing for C & D. Xinhua China also interfaces with the worldwide financial communities to inform them of the combined companies’ goals and developments. For more information, please visit the company’s website at http://www.xinhuachina.com.cn .
Safe Harbor Statement
This news release may include forward-looking statements within the meaning of section 27a of the UNITED STATES SECURITIES ACT of 1933, as amended, and section 21e of the UNITED STATES SECURITIES and EXCHANGE ACT of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, Inhaul China’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “safe harbor” provisions of the United States private securities litigation reform act of 1995 and involve risks and uncertainties, which could cause actual results to differ materially from those in the forward-looking statements contained herein.
