XFML Xinhua Finance Media Limited ADS (MM)

BENSALEM, Pa., May 29 /PRNewswire/ -- Law Offices of Howard G. Smith announces that a securities class action lawsuit has been filed on behalf of shareholders who purchased shares of Xinhua Finance Media Ltd. ("Xinhua" or the "Company")(NASDAQ:XFML), in connection with the Company's Initial Public Offering ("IPO") on or about March 9, 2007, or thereafter in the open market. The class action lawsuit was filed in the United States District Court for the Southern District of New York. The Complaint alleges that defendants violated federal securities laws by issuing material misrepresentations to the market concerning the Company's operations and management, thereby artificially inflating the price of Xinhua securities. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Xinhua shares in connection with the Company's IPO on or about March 9, 2007, or thereafter in the open market, you have certain rights, and have until July 23, 2007, to move for Lead Plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to or visit our website at http://www.howardsmithlaw.com/. DATASOURCE: Law Offices of Howard G. Smith CONTACT: Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, +1-215-638-4847, Web site: http://www.howardsmithlaw.com/

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