China Finance Provides Update to Shareholders
February 18 2009 - 9:00AM
PR Newswire (US)
CEO Ann Yu Discusses Marketing Initiatives, Expanded Business Plan,
Growth Strategy in 2009 NEW YORK and SHENZHEN, China, Feb. 18
/PRNewswire-Asia-FirstCall/ -- China Finance, Inc. (OTC Bulletin
Board: CHFI; the "Company"), a provider of financial support and
services for China's large and rapidly expanding class of small and
medium enterprises ("SMEs"), today announced the release of a
letter to shareholders from Ms. Ann Yu, Chief Executive Officer.
Fellow Shareholders: 2009 will be an important year for China
Finance and its shareholders. We expect to see the completion of
several significant initiatives in addition to our traditional
business of providing financial services to some of the fastest
growing private companies in China. China Finance is in the process
of looking at several investment acquisition opportunities where we
will seek to use our expertise to make direct investments in
companies developing quality businesses with significant potential.
We view this as a logical extension of our business plan and have
embarked on this expansion to further maximize our revenues, and of
course, shareholder value. To this end, management has attended
several industry meetings over the past few months both to look for
opportunities as well as market the services of China Finance.
Through these meetings and other outreach efforts, we believe that
we have established strong and promising contacts with the
potential to lead to future business. These include: -- Response to
US's Subprime Crisis: I delivered a speech on the funding
challenges confronting Chinese companies to a large group of Asian
entrepreneurs. -- The Matching and Promoting Conference of China
(western) Hi-tech Industry and VC Capital 2009: Management
interacted with a group of 1,000 people including investors,
experts and over 100 media representatives on topics such as
utilizing international capital markets, particularly in Western
China. -- Peak HR Seminar: I delivered a speech to national and
international Human Resources professionals on improving employee
skills, retention of talent and the latest global techniques in HR
management. We recently developed our most important initiatives
for 2009, which will focus on the following five planks of our
business model: -- Continue to focus on providing financial support
and services for SMEs -- Identify and provide financing to target
companies -- Utilize CHFI's expertise to educate and help guide
growing companies -- Fund strategic investments that have the
potential to become public in the US -- Make expansion funds
available to established business China Finance is reviewing
several potential companies that appear to meet our criteria for
investment, which includes strong growth and revenue potential. We
intend to focus on companies currently delivering $30 million or
more in revenue. These companies could be in virtually any sector.
I thank you for your support and interest and look forward to
bringing you regular details of our initiatives in 2009 and beyond.
For the latest information, kindly bookmark our website:
http://www.chinafinanceincorporation.com/ Sincerely, Ann Yu Chief
Executive Officer China Finance, Inc. ABOUT CHINA FINANCE, INC.
China Finance, Inc. provides financial support and services --
primarily in the form of surety guarantees, loan guarantees, or
short-term loans -- to privately owned SME's when they seek access
to capital or to be acquired by a United States reporting company.
China Finance provides its services through its wholly owned
indirect subsidiary, Shenzhen Hua Yin Guaranty and Investment
Limited Liability Corporation, which is located in the financial
district of Shenzhen, China. The Company may also directly invest
in the equity of SME's through its wholly owned subsidiary, Value
Global International Limited, a British Virgin Islands company.
FORWARD-LOOKING STATEMENTS The foregoing contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements relating to expected operating
results and future performance, as well as future events and
developments, are forward-looking statements and are not historical
in nature. Generally, the words "looking forward", "believe",
"expect", "intend", "estimate", "anticipate", "likely", "project",
"may", "will" and similar expressions identify forward-looking
statements. The Company warns that any forward-looking statements
in this release involve numerous risks and uncertainties and
assumptions that may cause actual results, levels of activity,
performance or achievements to differ materially from those
expressed or implied by any forward-looking statement. These risks
and uncertainties include, but are not limited to, the risk that
the value of our portfolio securities will decline resulting in a
decline in the value of the Company's stock, we might not achieve
our anticipated development milestones, the market for our services
will not grow as expected and we might not achieve our
expectations. If these or other significant risks and uncertainties
occur, or if our underlying assumptions prove inaccurate, our
actual results could differ materially. While the Company is an
operating company, the Company is registered as a "closed-end"
investment company under the Investment Company Act of 1940, as
amended, and is subject to the types of investment risks that
effect investment companies. You are urged to consider the
operating and investment objectives and strategies, expenses and
history of the Company, along with all risks and uncertainties
noted above, and to review the risk factors and financial
information about the Company available in the Company's
registration statement on Form N-2, and the Company's Annual and
Semi-Annual Reports and other regulatory filings accessible on the
SEC's website at http://www.sec.gov/. In light of the uncertainty
inherent in forward-looking statements, you should not consider
their inclusion to be a representation that such forward-looking
matters will be achieved. Moreover, pursuant to the Private
Securities Litigation Reform Act of 1995, such statements speak
only as of the date they were made, and the company undertakes no
obligation to update publicly any forward-looking statements,
whether as a result of future events, new information or otherwise.
Past performance is no guarantee of future results, and like all
investments, you may lose money on an investment in the Company's
stock. For more information, please contact: China Finance, Inc.
Wei Wei Tel: +1-212-823-0534 Email: DATASOURCE: China Finance, Inc.
CONTACT: Wei Wei, China Finance, Inc. at +1-212-823-0534 or Web
site: http://www.chinafinanceincorporation.com/
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