2007'02.01.Thu
European Capital Invests Euro 22.5 Million in Alma Consulting Group

March 01, 2006

PARIS, March 1 /Xinhua-PRNewswire/ -- European Capital, S.A. SICAR announced today it has invested euro 22.5 million in the mezzanine facility of Alma Consulting Group ("Alma"), the leading French provider of tax recovery and cost reduction services for companies. European Capital's investment represents 50% of the mezzanine facility arranged by Royal Bank of Scotland, supporting Apax Partners' acquisition of Alma. European Capital will be Agent of the mezzanine facility and will have a Board observer seat. Alma management and employees retain significant equity investments. "European Capital is investing in the undisputed leader in a dynamic market," said Ira Wagner, President of European Capital Financial Services Limited ("European Capital Services"), the sub-investment manager of European Capital. "In addition, we are very pleased to be working with Apax Partners, one of the world's leading private equity firms, and Royal Bank of Scotland, one of the leading leveraged loan arrangers in Europe and the world." European Capital has invested approximately euro 300 million ($356 million) in 14 companies since its formation in August of 2005. For more information about European Capital, go to http://www.EuropeanCapital.com . "Alma has developed a low cost, standardized approach to achieving cost savings for its clients," said European Capital Managing Director Jean Eichenlaub. "It has a widely diversified, loyal client base and operates in one of the fastest growing segments of overall consulting services. Its strong sales growth, high margins and extraordinarily high rate of contract renewals make it a very attractive investment." "We are supporting a strong, experienced and well incentivized management team that has driven Alma's growth and remarkable success," said European Capital Vice President Stephane Legrand. Alma generates clearly identified, measurable and secured savings for its customers with respect to social charges, tax-related costs and G&A costs, as well as obtaining Research and Development tax credits or subsidies. The Company is paid on the basis of an agreed percentage of the savings achieved or subsidies obtained. Operating from its two main offices in Paris and Lyon, Alma has a customer base of 9,000 companies, including 60% of the top 200 largest French companies. The Company has 585 employees, operates in France, Belgium, Spain, Poland and Israel, and has seen annualized sales growth above 20% over the past 10 years. "We are pleased to work with European Capital and value our relationship with them," said Apax Partners Director Simon Marc. "They bring a rare combination of depth and speed to a transaction." "European Capital immediately understood the investment thesis and acted quickly to complete the transaction," said Royal Bank of Scotland Managing Director Howard Sharp. "We are impressed with their flexibility and hard work." ABOUT EUROPEAN CAPITAL European Capital is a buyout and mezzanine fund with capital resources of euro 750 million. European Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts and provides capital directly to private and mid-sized public companies. European Capital invests from euro 5 million to euro 125 million per transaction in equity, mezzanine debt and senior debt to fund growth, acquisitions and recapitalizations. Companies interested in learning more about European Capital's flexible financing should contact Jean Eichenlaub at + 33 (0)1 40 68 06 66 in Paris, or Nathalie Faure Beaulieu or Simon Henderson at + 44 (0)207 539 7000 in London, or visit our website at http://www.EuropeanCapital.com . ABOUT AMERICAN CAPITAL American Capital Strategies Ltd. (Nasdaq: ACAS) is a publicly traded buyout and mezzanine fund with capital resources of approximately $7 billion. American Capital invests in and sponsors management and employee buyouts, invests in private equity buyouts, provides capital directly to early stage and mature private and small public companies and through its asset management business is a manager of debt and equity investments in private companies and commercial loan obligations. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital invests up to $300 million per transaction. About Apax Partners Apax Partners is one of the world's leading private equity investment groups, operating across Europe, Israel and the United States. Apax Partners has raised or advised approximately $20 billion around the world. With over 30 years of direct investing experience, Apax Partners' Funds provide long-term equity financing to entrepreneurs. Apax invests in late venture, growth capital and buyouts. Apax Partners' Funds invest in companies across its global sectors of Tech & Telecoms, Retail & Consumer, Media, Healthcare and Financial and Business Services. Other Apax investments include Travelex, the world's largest foreign exchange specialist; SULO Group, one of Germany's largest waste management companies; and UK consumer finance group Picture Financial. This press release contains forward-looking statements. The statements regarding expected results of American Capital Strategies are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional, national or international economic conditions, or changes in the conditions of the industries in which American Capital has made investments. For more information, please contact: Jean Eichenlaub Managing Director Tel: +33-1-4068-0666 Stephane Legrand Vice President Tel: +33-1-4068-0666 Brian Maney Director of Corporate Communications Tel: +1-301-951-6122 SOURCE European Capital
PR
2007'02.01.Thu
First Annual Logistics M&A China Forum to take place in Shanghai on Apr. 4

March 01, 2006

SHANGHAI, China, March 1 /Xinhua-PRNewswire/ -- On April 4, 2006, the China Supply Chain Council (C.S.C.C.), in partnership with Supply Chain Asia, will organize the first annual Logistics M&A China Forum, in Shanghai, China, providing a platform for logistics and transportation professionals to discuss and exchange views on mergers, acquisitions, takeover and divesture strategies in China. The past few weeks have seen a rise in M&A activity in the logistics and transportation sector. Internationally, AP Moeller-Maersk bought P&O Nedlloyd; Deutsche Bahn, which already owns Schenker, purchased Bax Global; and Deutsche Post World Net, parent company of DHL, has completed the acquisition of Exel plc. Domestically, TNT bought Huayu Logistics; more recently, FedEx acquired Tianjin Datian W. Group. (DTW), and China Merchants has taken over Sinotrans. This timely event will also bring together key players -- both local and foreign operators -- from the logistics sector including 3PLs, freight forwarders, trucking and warehouse operators. It will act as a forum to meet and exchange ideas with peers in this crucial but specialist market segment, including advisors, investors and logisticians. The summit will feature a general session and panel discussions during the morning, followed by a half-day workshop lead by BG Strategic Advisors that managed the deal between PWC Logistics and Transoceanic (Geo-Logistics) as well as Translink in Asia. Benjamin Gordon, the Managing Director and Founder of BGSA will be chairing the workshop. Confirmed speakers already include: -- Gary So, Vice-President, Kerry EAS -- Graham Matthews, Partner, PricewaterhouseCoopers Shanghai -- Kim Woodard, CEO, Javelin Investments -- Michael Yang, Partner, GaoDe Investment Advisory -- Qiang Li, China Counsel, Freshfields Bruckhaus Deringer Shanghai Executives from Maersk, P&O, Schenker, Bax Global, DHL, Exel, TNT, FedEx, DTW, China Merchants and Sinotrans have also been invited to share their experience. A selected number of privately owned Chinese 3PLs, freight forwarders, trucking companies and warehouse operators have also been invited to the event and, if required, matchmaking meetings will eventually be arranged. The Council hopes that by meeting local and foreign logistics operator's face to face, attending presentations and panels, and joining in the discussions, attendees will leave with a deeper understanding of the current opportunities for investing, acquiring or selling logistics operations in China. If you have been involved in acquisitions, mergers or integrating logistics businesses in China, and would like to participate as a speaker or panelist, then please let us know. As a speaker or panelist, you will receive one complimentary pass for the full day, five-star buffet lunch and special invitations to a dinner and wine tasting. In addition, you may be featured in the special "Logistics M&A" Shanghai Daily Supplement to be published in March 2006. For more information, contact Max Henry, Founder & Executive Director, China Supply Chain Council at mhenry@supplychain.cn or visit http://www.supplychain.cn . For more information, please contact: Christine Shi China Supply Chain Council Tel: +86-21-5102-1674 or +86-21-5102-1618 Fax: +86-21-5258-3864 Email: cshi@supplychain.cn SOURCE China Supply Chain Council
2007'02.01.Thu
TCOM Announces Alpha Century Signs Letter of Intent to Acquire Wukuang Import & Export Limited, to Merge with Its SME e-Commerce Platform: Subaye.com in China

February 28, 2006

HONG KONG, Feb. 28 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM) today announced its subsidiary, Alpha Century Holdings Limited (Alpha) has signed a Letter of Intent to acquire Wukuang Import & Export Limited (Wukuang). Alpha plans to acquire a 100% interest of Wukuang in exchange for $6 million in cash and convertible notes. Wukuang Managements will become an integral part of TCOM's SME China strategy as Alpha's Business to Business to Consumer (BtoBtoC) value chain Subaye.com e-commerce business. Wukuang Import & Export Limited is a privately owned company. Established in 2003, it's headquartered in Guangzhou, China. Wukuang imports various products for reselling to SMEs and purchases merchandise from SMEs to export to oversea markets. In fiscal 2005, Wukuang had record profitable revenue of $12 million, and fiscal 2004 was $10 million. Alpha's attorneys and accountants will be completing further due diligence prior to the closing date. The acquisition is also subject to approval by the board of directors of both companies, the shareholders of the target company, and a completion of audited financial statements in accordance to GAAP as required by the SEC. About Telecom Communications, Inc. Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd. ( http://www.subaye.com ), IC Star MMS, Ltd. ( http://www.icstarmms.com ) and 3G Dynasty Inc. ( http://www.skyestar.com ). Safe Harbor The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. For more information, please contact: Ms. Sandy Tang Telecom Communications, Inc. Tel: +852-2782-0983 Email: pr@tcom8266.com SOURCE Telecom Communications, Inc.
2007'02.01.Thu
British American Tobacco Preliminary Announcement - Year Ended 31 December 2005

February 28, 2006

LONDON, Feb. 28 /Xinhua-PRNewswire/ -- SUMMARY 2005 2004 Change Profit from operations - as reported 2,420m pounds 3,760m pounds -36% - 'like for like' 2,607m pounds 2,398m pounds +9% Adjusted diluted earnings per share 89.34p 76.62p +17% Dividends per share declared 47.00p 41.90p +12% -- The reported Group profit from operations was 36 per cent lower at 2,420 million pounds Sterling, mainly due to the impact in 2004 of a significant 1,389 million pounds gain on the Reynolds American transaction. However, profit from operations would have been 9 per cent higher, or 5 per cent at comparable rates of exchange, if exceptional items and the changes in the Group resulting from the merger of the Group's US businesses with R.J. Reynolds and the sale of Etinera, with the resulting change in terms of trade, are excluded. This 'like for like' information provides a better understanding of the subsidiaries' trading results than the 'headline' change in profit from operations. -- On a reported basis, Group volumes from subsidiaries were affected by the changes in the Group noted above, resulting in a 1 per cent decrease to 678 billion. Excluding the impact of these transactions, there was good organic volume growth from subsidiaries of 2 per cent. The four global drive brands performed well with an overall growth of 9 per cent on a 'like for like' basis. -- Adjusted diluted earnings per share rose by 17 per cent, benefiting from the improved underlying operating performance and reduced net finance costs, as well as the impact of the Reynolds American transaction and the share buy-back programme. The basic earnings per share was lower at 84.53p (2004: 133.43p). -- The Board is recommending a final dividend of 33.0p, which will be paid on 4 May 2006. This, together with the interim dividend, will take dividends declared in respect of 2005 as a whole to 47.0p, an increase of 12 per cent. -- The Chairman, Jan du Plessis, commented: "The outstanding results for 2005 demonstrate that British American Tobacco's strategy is working well and I am confident that we can continue to deliver quality earnings growth and good cash flow over the long term." For more information, please contact: INVESTOR RELATIONS: Ralph Edmondson British American Tobacco Tel: +44-20-7845-1180 Rachael Cummins British American Tobacco Tel: +44-20-7845-1519 PRESS OFFICE: David Betteridge, Teresa La Thangue, or Emily Brand British American Tobacco Tel: +44-20-7845-2888 SOURCE British American Tobacco
2007'02.01.Thu
Carrefour Chooses Checkpoint to Protect its Profits

February 28, 2006

As European Retailers Lose Euro 32 Billion to "Shrink", Carrefour is to "Source Tag" Products to Reduce Losses and Improve the Consumer Shopping Experience
HONG KONG, Feb. 28 /Xinhua-PRNewswire/ -- Europe's biggest retailer Carrefour has signed a strategic agreement with Checkpoint Systems (NYSE: CKP), the global leader in product identification and shrink management solutions, to roll-out the world's most ambitious "source tagging" programme to reduce losses including customer and staff theft. (Photo: http://xprnnews.xfn.info/Checkpoint/20060228/carrefour.htm ) Carrefour's strategy to protect merchandise at the point of manufacture, will tap into Checkpoint's global network and provide the benchmark for other global retailers who collectively lost euro 32 billion to shrinkage last year (Source: European Retail Theft Barometer No 5 published by the Centre for Retail Research). The eight-figure deal is a giant step forward for Checkpoint's Radio Frequency (RF) source tagging programme, as it creates a controlled and consistent environment for Carrefour's product protection worldwide. The protection of merchandise at the point of manufacture frees up retail staff time by providing "shelf-ready" protected items straight to stores, making it more difficult for shoplifters and dishonest staff to steal. The agreement will also see Checkpoint's Digital RF technology being installed in all 179 Carrefour's hypermarkets in France. RF is rapidly becoming standard technology across Europe. This move will help all retailers improve product flows and effectively combat shoplifting which represented a loss more than euro 5 billion in France alone, according to the fifth edition of the European Retail Theft Barometer published in September 2005. Checkpoint Systems will supply 7,800 third-generation digital RF antennas and 8,300 new-generation CP IX deactivators and scanners for checkout counters. To optimize shrink management, the company will also deploy 179 CheckPro(TM) Manager software suites and the accompanying remote-maintenance application. The implementation programme should be completed by the end of 2007. With this strategy, Carrefour will have one programme and one technology across the group to more efficiently fight company-wide losses. Close Global cooperation with Carrefour's offices in Hong-Kong and China, should help speed deployment of the source tagging programme worldwide. The CheckPro(TM) Manager web-enabled shrink management information system and remote-maintenance will ensure the highest possible performance across Carrefour. The "most ambitious" source tagging programme in the world Along with equipping its stores, Carrefour is launching the most ambitious source tagging programme in the world with RF EAS (electronic article surveillance) labels integrated into products at the point of manufacturing. The programme has the highest priority and will cover theft-sensitive articles including apparel, multimedia, alcoholic beverages, etc- from both private labels and global brands. Source tagging helps retailers respond to consumers' increasingly high expectations for product presentation, speed to shelf and shelf availability. "We needed to shift to RF technology to develop source tagging, facilitate the consumer's shopping experience and improve speed to shelf," said Jean-Claude Coutant, manager of the source tagging project for Carrefour Hyper France's non-food supply chain. "Now we've got a skilled and committed partner to help us develop our programme." Bernard Theobald of the Perifem retailers' technical association, noted: "All retailers would like to see greater use of source tagging. Perifem will set up working groups on this topic to support source tagging, which will expand in France and the rest of Europe, notably with the momentum generated by Carrefour." "This decision from Carrefour Group is strategically important for other leading retailers," declared Per Levin, President of Checkpoint Systems Europe. "Suppliers of consumer goods and retailers now have the opportunity to develop winning strategies together, to sell more and lose less." About Checkpoint Systems, Inc. Checkpoint Systems Inc. is the global leader in product identification and shrink management solutions for the retail industry and its supply chain. Checkpoint's services are aiming at increasing sales and protect the profit of its customers. Listed on the NYSE, Checkpoint operates in every geographic market and employs more than 4,000 personnel worldwide. It specializes in source protection of consumer goods, RF EAS (Electronic Article Surveillance), RFID (Radio Frequency Identification) and merchandising solutions. A strategic platform for the source tagging service (CheckNet) is the global network for just in time delivery of critical information and protection applied on products at the point of manufacturing. For more information, please visit http://www.checkpointsystems.com or http://www.checkpointeurope.com . About Carrefour Carrefour is Europe's leading retailer and ranks second worldwide, with more than 11,000 hypermarkets, supermarkets, hard discount and convenience stores in 30 countries and 430,000 employees. Corporate website: http://www.carrefour.com About Perifem Perifem has more than 160 corporate members, including all of the major retailers, numerous specialized banners and networks, shopping center developers and managers, and their manufacturing partners and service providers involved in store base operation and innovation. http://www.perifem.com For more information, please contact: Natalie Chan Checkpoint Systems, Inc. Tel: +852-2995-8350 Email: natalie.chan@checkpt.com SOURCE Checkpoint Systems
2007'02.01.Thu
MEDIA ADVISORY: 300 Students From All Across China Step into the Shoes of UN Ambassadors at the Peking University; Global Classrooms(R) Model UN Conference to be Held in Beijing, China on March 3-5

February 28, 2006

Global Classrooms is an Innovative Program of UNA-USA, in Partnership With Merrill Lynch What: The United Nations Association of the United States of America's (UNA-USA) Global Classrooms program and Merrill Lynch are bringing the Model UN experience to students all over China. The Peking University National Model UN Conference for High School Students (PKUNMUN), a Global Classrooms program, presents an opportunity for students to negotiate critical issues such as the transfer of technology to developing countries, human rights and refugees, the Middle East conflict and sustainable development through realistic simulations of UN committees. Who: Over 300 students from 34 middle and high schools from all across China will come together at this unique event to enhance their understanding of international issues and to develop strong leadership and critical thinking skills. Dr. Eddy Bayardelle from Merrill Lynch, the program's global sponsor, will address students and teachers. As president of the Merrill Lynch Foundation, Bayardelle manages the foundation, corporate and employee contributions and directs the firm's philanthropic initiatives worldwide. Another keynote address will be given by Ambassador William H. Luers, president of UNA-USA. When: Opening Ceremonies: March 3rd, 8:30 a.m. to 9:00 a.m. Press Conference: March 3rd, 9:10 a.m. Where: Peking University, Yingjie Exchange Center Background: UNA-USA is a center for innovative programs to engage Americans in issues of global concern. Its educational and humanitarian campaigns, along with its policy and advocacy programs, allow people to make a global impact at the local level. A not-for-profit organization, UNA-USA encourages strong United States leadership in the United Nations. http://www.unausa.org Merrill Lynch was founded on the idea that the world is full of opportunity. Opening the door to that opportunity for underserved children and youth is the focus of the firm's global philanthropy. In 2004, Merrill-Lynch giving totaled more than $35.5 million, with education receiving nearly half of that support. Merrill Lynch's flagship program Investing Pays Off(R)-or IPO(R)-helps create a level playing field for youngsters of all backgrounds through financial literacy and business savvy. The program 's strength lies in a free curriculum, the involvement of Merrill Lynch volunteers and online educational resources at http://volunteer.ml.com . Peking University is a comprehensive and National key university in China. The university has made an effective combination of the research on important scientific issues with the training of personnel with high level specialized knowledge and professional skills. It strives not only for the simultaneous improvements in teaching and research work, but also for the promotion of interaction and mutual promotion among various subjects. http://en.pku.edu.cn For more information, please contact: Peggy Atherlay Tel: +1-212-907-1320 Email: patherlay@unausa.org SOURCE The United Nations Association of the United States of America's Global Classrooms
2007'02.01.Thu
Vimicro Reports Record Fourth Quarter 2005 Financial Results

February 28, 2006

BEIJING, Feb. 28 /Xinhua-PRNewswire/ -- Vimicro International Corporation (Nasdaq: VIMC), a leading fabless semiconductor company that designs and develops multimedia semiconductor products and solutions, today announced its unaudited fourth quarter and fiscal year 2005 financial results. Net revenue in the fourth quarter of 2005 was $27.5 million, compared with $27.4 million in the third quarter and up 113 percent from the $12.9 million reported in the fourth quarter of 2004. Non-GAAP net income in the fourth quarter, which excludes a $205,000 non-cash share-based compensation charge, was $5.9 million, compared with $5.7 million in the third quarter of 2005 and $1.2 million in the fourth quarter of 2004. Non-GAAP diluted net earnings per ADS were $0.18, compared with $0.19 in the third quarter of 2005 and $0.04 in the fourth quarter of 2004. Fourth quarter 2005 net income prepared in accordance with generally accepted accounting principles in the United States ("GAAP") was $5.7 million, compared with net income of $5.5 million in the third quarter of 2005 and net income of $714,000 in the fourth quarter of 2004. Diluted earnings per ADS (each representing four ordinary shares) were $0.17, compared with $0.18 in the third quarter of 2005 and $0.03 in the fourth quarter of 2004. Gross margin in the fourth quarter of 2005 was 40.3 percent, compared with 40.5 percent in the third quarter of 2005 and approximately 32.8 percent in the fourth quarter of 2004. For the fiscal year ended Dec. 31, 2005, net revenue was $95.3 million, up 90 percent from $50.3 million in the fiscal year ended Dec. 31, 2004. Non-GAAP net income for fiscal year 2005, which excludes $1.44 million for the amortization of stock-based compensation expenses, was $17.8 million, up 130 percent from the non-GAAP net income of $7.7 million in 2004. Fiscal year 2005 net income prepared in accordance with GAAP was $16.4 million, compared with a net loss of $5.6 million in fiscal year 2004. Diluted earnings per ADS for the fiscal year 2005 were $0.54, and non-GAAP diluted earnings per ADS for the fiscal year 2005 were $0.59. The strong 2005 results demonstrate Vimicro's unique business model -- a combination of extensive technology know-how, China's competitive cost structure, strategic relationships with key players in the global multimedia ecosystem and the proximity advantage to capture migration of global semiconductor value chain to China. "I am very proud of the significant accomplishments and growth that we achieved in 2005," said Dr. John Deng, chairman and CEO. "During the year, not only have we maintained our global leadership in the PC multimedia market, we also successfully leveraged our mix-signal expertise and digital signal processing technology for multimedia to gain momentum in the fast growing mobile handset multimedia market," said Dr. Deng. "With our solid technology and IP foundation, we will continue to develop innovative semiconductor solutions for pervasive multimedia applications across PC, mobile and other platforms. I am confident that we will continue to deliver strong growth momentum and create value for our shareholders." 2005 Highlights * Achieved record annual revenue of $95.3 million, up 90 percent from 2004, and achieved record quarterly revenue of $27.5 million in the fourth quarter of 2005, an increase of 113 percent from the same quarter in 2004 * Maintained global market leadership for PC desktop multimedia processors * Secured additional market share in the mobile audio processor market * Established strategic relationships with top players in the PC and mobile multimedia ecosystem to introduce new innovative products * Began shipping embedded notebook processors to leading vendors * Filed 120 patent applications globally * Dr. Deng received China Central Television's (CCTV) Man of the Year Award (for most outstanding economic achievement) * Raised $59.1 million in net proceeds from the IPO Business Outlook Reflective of seasonal patterns in the company's business due to the Lunar New Year holiday, net revenue for the first quarter 2006 is expected to be in the range of $23.5 to $25.5 million and non-GAAP diluted earnings per ADS to be between 10 and 12 cents. Conference Call Vimicro will broadcast its conference call discussion of its fourth quarter and fiscal year 2005 financial results today, Monday, Feb. 27, 2006 at 2:00 p.m. pacific standard time (5:00 p.m. eastern standard time). To listen to the call, please dial (210) 234-0003 approximately 10 minutes prior to the start time. The pass code is: Vimicro. A taped replay will be available approximately one hour after the conclusion of the call and will remain available for one week. To access the replay, dial (203) 369-0647. The Vimicro financial results conference call will be available via a live webcast on the investor relations section of the company's web site at http://www.vimicro.com . Please access the web site approximately 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay of the call will be available at the web site for one year. About Vimicro International Corporation Vimicro International Corporation is a worldwide leading fabless semiconductor company that designs, develops and markets proprietary embedded multimedia signal processing chips and solutions that enable multimedia applications for mobile phones over 2.5G/3G networks and PCs over broadband Internet. Vimicro's ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ global market under the ticker symbol "VIMC." Forward-Looking Statements 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, the Business Outlook section and the quotations from management in this announcement, as well as Vimicro's strategic and operational plans, contain forward-looking statements. Vimicro 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 Vimicro's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our limited history of achieving net profit; our growth strategies; our future business development, results of operations and financial condition; our ability to develop and sell mobile phone multimedia processors that meet changing consumer preferences and industry standards; decrease in the demand for our PC camera multimedia processors and third-party image sensors which we bundle with some of our PC camera multimedia processors; our ability to secure sufficient foundry capacity in a timely manner; our ability to maintain existing customers and attract new customers; and the expected growth of the mobile phone multimedia processor market. Further information regarding these and other risks is included in our registration statement on Form F-1, as amended, filed with the Securities and Exchange Commission. Vimicro does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Non-GAAP Measures To supplement the consolidated financial statements presented in accordance with GAAP, Vimicro uses non-GAAP measures of non-GAAP net income and non-GAAP diluted earnings per ADS, which are adjusted from the most directly comparable financial measures calculated and presented in accordance with GAAP to exclude amortization of share-based compensation expenses. These non-GAAP financial measures are provided to enhance investors' overall understanding of the company's financial performance as they exclude certain expenses that are not expected to result in future cash payments. The non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. For more information on the non-GAAP financial measures, please see the tables captioned "Reconciliation of non-GAAP results of operations measures to the nearest comparable GAAP measures" set forth at the end of this release. Vimicro believes that both management and investors benefit from referring to these non-GAAP measures in assessing the performance of Vimicro's liquidity and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Vimicro's historical liquidity. Vimicro computes its non-GAAP financial measures using the same consistent method from quarter to quarter. The accompanying tables have more details on the GAAP financial measures that are most comparable to non-GAAP financial measures and the related reconciliations between financial measures. Currency Translation This announcement contains translations of certain RMB amounts into U.S. dollars. Unless otherwise noted, all translations from RMB to U.S. dollars are based on the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York as of Dec. 30, 2005 (the last business day of fourth quarter and fiscal year 2005), which was RMB8.0702 to US$1.00. Vimicro International Corporation Consolidated Balance Sheets 12/31/2005 9/30/2005 12/31/2004 (unaudited) (unaudited) (audited) Assets US$'000 US$'000 US$'000 Current assets: Cash 100,610 31,609 34,592 Restricted cash -- -- 36 Accounts receivable, net 4,003 6,281 1,410 Notes receivable 1,001 501 178 Inventories, net 21,173 15,519 8,338 Prepayments and other current assets, net 1,930 7,831 2,291 Deferred tax assets 2,935 858 839 Total current assets 131,652 62,599 47,684 Investment in an associated company 171 171 170 Property, equipment and software, net 4,960 4,996 2,763 Other assets 327 324 -- Total assets 137,110 68,090 50,617 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 4,228 3,216 3,049 Taxes payable 3,278 2,247 2,334 Advances from customers 171 281 36 Due to an associated company 64 54 49 Accrued expenses and other current liabilities 9,079 10,354 5,433 Deferred grants 895 941 1,357 Total current liabilities 17,715 17,093 12,258 Non-current liabilities: Deferred tax liabilities 230 53 53 Total liabilities 17,945 17,146 12,311 Commitments and contingencies Redeemable convertible preferred shares, $0.0001 par value 15,647,132 shares authorized; 0 shares issued and outstanding as of December 31, 2005 -- 23,923 23,923 Shareholders' equity: Ordinary shares, $.0001 par value. 138,606,027 shares issued and outstanding as of December 31, 2005 14 8 8 Additional paid-in capital 127,502 41,342 41,154 Deferred stock-based compensation (682) (887) (2,122) Accumulated other comprehensive income (loss) 596 497 (2) Accumulated deficit (8,265) (13,939) (24,655) Total shareholders' equity 119,165 27,021 14,383 Total liabilities, redeemable convertible preferred shares and shareholders' equity 137,110 68,090 50,617 Vimicro International Corporation Consolidated Statements of Income 2005 4Q 2005 3Q 2004 4Q FY 2005 FY 2004 (unaudited) (unaudited) (unaudited) (unaudited) (audited) US$'000 (except number of shares and ADSs and per share and per ADS data) Net revenue 27,484 27,437 12,874 95,277 50,258 Cost of revenue(16,418) (16,337) (8,651) (58,943) (32,404) Gross profit 11,066 11,100 4,223 36,334 17,854 Operating expenses* Research and development, net (2,661) (2,265) (917) (8,102) (6,290) Sales and marketing (1,446) (1,219) (1,063) (5,118) (7,118) General and administrative(1,629) (1,519) (1,555) (6,076) (10,883) Loss from disposal of SPMC -- -- (75) -- (75) Income (loss) from operations 5,330 6,097 613 17,038 (6,512) Other income (expense): Interest income 426 256 7 912 33 Interest expense -- -- 13 -- (27) Tax refund 3 1 17 4 110 Others, net (9) (362) 49 (368) 99 Income(loss) before income taxes and share of loss of associated company and minority interest 5,750 5,992 699 17,586 (6,297) Income taxes expense (75) (532) (221) (1,192) (221) Net income (loss) before share of loss of associated company and minority interest 5,675 5,460 478 16,394 (6,518) Share of loss of associated company, net of tax (1) (1) (1) (4) (4) Net income (loss) before minority interest 5,674 5,459 477 16,390 (6,522) Minority Interest -- -- 237 -- 910 Net income (loss)5,674 5,459 714 16,390 (5,612) Amount allocated to participating preferred shareholders (494) (853) (98) (2,169) -- Other comprehensive income (loss): Foreign currency translation adjustment 99 500 -- 598 (1) Comprehensive income (loss) 5,279 5,106 616 14,819 (5,613) Income (loss) per share -Basic 0.05 0.06 0.01 0.16 (0.07) -Diluted 0.04 0.05 0.01 0.13 -- Income (loss) per ADS -Basic 0.19 0.22 0.03 0.63 (0.27) -Diluted 0.17 0.18 0.03 0.54 -- Weighted average number of ordinary shares outstanding (1) -Basic 111,868,915 82,147,440 82,147,440 89,638,512 82,147,440 -Diluted 120,626,822 101,027,198 98,159,077 105,412,376 -- Weighted average number of ADS outstanding (1) -Basic 27,967,229 20,536,860 20,536,860 22,409,628 20,536,860 -Diluted 30,156,705 25,256,799 24,539,769 26,353,094 -- *Components of share- based employee compensation expenses are included in the following expense captions: Research and development (46) (56) (97) (249) (2,696) Sales and marketing (59) (69) (115) (304) (3,905) General and administrative (100) (123) (266) (887) (6,752) Total (205) (248) (478) (1,440) (13,353) Note (1) 1,970,000 outstanding ordinary shares are not included in the computation of basic earnings per share and basic earnings per ADS because these are shares issued upon the early exercise of stock options. Potential dilutive securities include the Series A preferred shares and share options. During the years ended December 31, 2005 and 2004, the potential dilutive securities Series A preferred shares were not included in the computation of diluted earnings per share because of its anti-dilutive effect. Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures (*) (in USD thousands, unaudited) Three months ended Three months ended December 31, September 30, 2004 2005 Non- Non- GAAP Adjust- GAAP GAAP Adjust- GAAP Result ment Results Result ment Results Income (loss) from operations 613 478 1,091 6,097 248 6,345 Three months ended Three months ended December 31, September 30, 2004 2005 Non- Non- GAAP Adjust- GAAP GAAP Adjust- GAAP Result ment Results Result ment Results Net income (loss) 714 478 1,192 5,459 248 5,707 Three months ended Twelve month ended December 31, December 31, 2005 2005 Non- Non- GAAP Adjust- GAAP GAAP Adjust- GAAP Result ment Results Result ment Results Income (loss) from operations 5,330 205 5,535 17,038 1,440 18,478 Three months ended Twelve month ended December 31, December 31, 2005 2005 Non- Non- GAAP Adjust- GAAP GAAP Adjust- GAAP Result ment Results Result ment Results Net income (loss) 5,674 205 5,879 16,390 1,440 17,830 Twelve month ended December 31, 2004 GAAP Non-GAAP Result Adjustment Results Income (loss) from operations (6,512) 13,353 6,841 Twelve month ended December 31, 2004 GAAP Non-GAAP Result Adjustment Results Net income (loss) (5,612) 13,353 7,741 (*) The adjustment is only for share-based compensation. For more information, please contact: Deborah Stapleton, Stapleton Communications Inc. Tel: +1-650-470-0200 Email: deb@stapleton.com Maria Riley, Stapleton Communications Inc. Tel: +1-650-470-0200 Email: maria@stapleton.com SOURCE Vimicro International Corporation
2007'02.01.Thu
Avian Influenza and Food Safety: Statement by Dr LEE Jong-Wook, WHO Director-General

February 28, 2006

BEIJING and GENEVA, Feb. 28 /Xinhua-PRNewswire/ -- Since the beginning of February 2006, the highly pathogenic H5N1 avian influenza virus has spread to affect wild or domestic birds in 17 new countries in Africa, Asia, Europe, and the Middle East. (Logo: http://www.newscom.com/cgi-bin/prnh/20040610/CNTH001LOGO ) The World Health Organization reconfirms that, when poultry products are safely handled and properly cooked, humans are not at risk of acquiring H5N1 infection through food. Although the H5N1 virus is highly infectious among poultry, it is not easily transmissible to humans. Since December 2003, this virus is known to have infected 173 people, of whom 93 have died. Not one of these cases has been linked to the consumption of properly cooked poultry or poultry products. The main health risk currently is to people who are in close contact with infected poultry, such as families with backyard flocks and poultry workers in wet markets or live animal markets. Heightened surveillance among domestic and wild birds, rapid detection of the virus, and swift implementation of control measures are important in supporting and maintaining consumer confidence in the safety of poultry products. Globally, the evidence demonstrates that there is no risk of infection when birds and eggs are well-cooked, as this kills the virus. Poultry products are important sources of protein throughout the world. Avian Influenza -- Situation in China -- Update 5 27 February 2006 The Ministry of Health in China has reported two additional laboratory confirmed cases of human infection with the H5N1 avian influenza virus. Both patients are in critical conditions. The first patient is a 9-year-old girl from the eastern province of Zhejiang. She developed symptoms on 10 February. Symptom onset followed a visit to relatives in the adjacent province of Anhui. No animal outbreaks have been reported in Zhejiang Province since 2004. The second patient is a 26-year-old female farmer from Anhui Province. She developed symptoms on 11 February following contact with diseased poultry. Local agricultural officials have reported isolation of the H5N1 virus in samples from dead poultry in her neighbourhood. To date, China has reported 14 laboratory-confirmed cases. Of these, eight have been fatal. The H5N1 virus is now considered to be endemic in birds in large parts of China. WHO is working with national authorities to increase public awareness of the disease, encourage populations to report outbreaks, and warn people to avoid contact with dead or ill birds. Avian Influenza -- Situation in Indonesia -- Update 5 27 February 2006 The Ministry of Health in Indonesia has confirmed an additional case of human infection with the H5N1 avian influenza virus. The case, which was fatal, occurred in a 27-year-old woman from West Java Province. She developed symptoms on 13 February and died on 20 February. Investigations carried out by local authorities found reports of chicken deaths in the woman's neighbourhood four days prior to her onset of symptoms. The newly confirmed case brings the total in Indonesia to 27. Of these, 20 were fatal. Cumulative Number of Confirmed Human Cases of Avian Influenza A/(H5N1) Reported to WHO 27 February 2006 Country 2003 2004 2005 2006 Total cases deaths cases deaths cases deaths cases deaths cases deaths Cambodia 0 0 0 0 4 4 0 0 4 4 China 0 0 0 0 8 5 6 3 14 8 Indonesia 0 0 0 0 17 11 10 9 27 20 Iraq 0 0 0 0 0 0 1 1 1 1 Thailand 0 0 17 12 5 2 0 0 22 14 Turkey 0 0 0 0 0 0 12 4 12 4 Viet Nam 3 3 29 20 61 19 0 0 93 42 Total 3 3 46 32 95 41 29 17 173 93 Total number of cases includes number of deaths. WHO reports only laboratory-confirmed cases. For further information, please contact: Aphaluck Bhatiasevi, Communications Officer, World Health Organization (China), 401, Dongwai Diplomatic Office Building, 23 Dongzhimenwai Dajie, Beijing 100600, People's Republic of China Mobile: +86-1361-117-4072 Tel: +86-10-6532-5687 Fax: +86-10-6532-2359 Email: bhatiasevia@chn.wpro.who.int SOURCE World Health Organization
2007'02.01.Thu
Sinovac Biotech Ltd. to Hold Annual Meeting of Stockholders and Business Objectives for 2006

February 28, 2006

BEIJING, Feb. 28 /Xinhua-PRNewswire/ -- Sinovac Biotech Ltd. ("Sinovac" or the "Company") (Amex: SVA - News) will hold its annual meeting of stockholders concurrently in Beijing, China and St. John's, Antigua, at 9:00 a.m. (UTC +8) on March 22, 2006. The meeting will be held at No. 39 Shangdi Xi Road, Haidian District, Beijing, PRC 100085 and, at the corresponding time (9:00 p.m. on March 21, 2006), in Antigua at No. 6 Temple Street, St. John's, Antigua. Business Objectives for 2006 Sinovac CEO, Mr. Weidong Yin believes that Sinovac will rise to the challenge in 2006. Mr. Yin stated, "I want to increase sales revenue by at least 40 to 50% from 2005 figures; begin phase II clinical trials for our pandemic influenza vaccine; increase production capacity for our influenza vaccine; complete pre-clinical trials for our new Japanese encephalitis vaccine; and further develop our corporate governance procedures." Mr. Yin went on to say, "I believe Sinovac's hard work in 2005 may result in significant corporate developments in 2006." Sales and Marketing Sinovac will continue to focus most of its marketing efforts on domestic sales. This strategy takes advantage of a new State Food and Drug Administration (SFDA) initiative to improve the quality control, safety and efficacy of biological products, such as vaccines. The SFDA initiative titled "Batch Release Guideline for Biological Products", subjects every batch of domestic and imported products to compulsory testing and review. Only batches that pass the test and review process are approved for sale. Since Sinovac's inactivated hepatitis A vaccine (Healive) is safe, effective and stable, Sinovac believes that this regulation is expected to help Sinovac gain market share over competitors which sell live attenuated hepatitis A vaccines. Furthermore, Sinovac believes enforcement of this regulation will force numerous inferior products out of the market. Anticipating this result, Sinovac plans to take advantage of this opportunity to increase greatly its domestic market share by penetrating less affluent, densely populated areas. In order to fill the projected hepatitis A vaccine supply shortfall, Sinovac added a vial packaging line of Healive, which are less expensive than the premier pre-filled single dose syringe packaging. As a result, Healive is expected to launch into new market segments with more affordable pricing, while maintaining excellent profit margins. Sinovac believes Healive will continue to gain market share in high income areas with the pre-filled syringe packaged product. Sinovac is confident its combined hepatitis A&B vaccine (Bilive) sales will continue to grow, but probably not as rapidly as Healive. Sinovac also expects sales of its newest vaccine (Anflu) for seasonal influenza should begin this year. Production Sinovac has improved the production capacity of Healive by approximately 50%. The addition of a vial packaging line and improved production efficiencies are expected to result in lower unit costs; enable product growth for expected increase in demand; resulting in a larger market share. In 2006, Sinovac also plans to increase its flu vaccine production capacity so that it can satisfy demand in the event of an influenza pandemic. R&D Sinovac will continue Phase I clinical trials of its proprietary pandemic influenza vaccine (Panflu) and anticipates completion in June 2006. As soon as possible afterwards, Sinovac expects to begin Phase II trials. As events progress, Sinovac plans to apply for additional government support for this nationally important project. Sinovac's vaccine pipeline continues to grow; with Sinovac working to complete pre-clinical trials of Japanese encephalitis by the end of 2006. Sinovac's vaccine is a Vero cell-cultured inactivated type, which is more effective and safe than the other types of Japanese encephalitis vaccine. Currently, supplies of this cell-based vaccine are limited in China. Corporate Governance Sinovac plans to select a well-known accounting firm to help improve internal control procedures to become fully compliant with Sarbanes-Oxley Section 404. The Company will test these internal control procedures to ensure their effectiveness for implementing good corporate governance and internal controls over financial reporting. About Sinovac Sinovac Biotech Ltd. is a world leader in the research, development, manufacture and commercialization of vaccines for endemic and pandemic viruses such as hepatitis and influenza, and for fast emerging viruses such as pandemic influenza (bird flu) and SARS. The Company's objective is to provide Chinese children with the best vaccines in the world, and let children in the world use vaccines made in China. Additional information about Sinovac is available on the Company website, http://www.sinovac.com and the Sinovac Investor Relations website, http://finance.groups.yahoo.com/group/Sinovac_Biotech_IR . For additional information, investor newsletters and corporate updates, please email your request to: info@sinovac.com. 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, SINOVAC'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. For more information, please contact: Craig H. Bird Investor Relations Tel: +1-215-782-8682 or Toll Free: +1-866-360-8682 (North America) Email: sinovac@verizon.net Sinovac Investor Relations website: http://finance.groups.yahoo.com/group/Sinovac_Biotech_IR/?yguid=242969163 SOURCE Sinovac Biotech Ltd.
2007'02.01.Thu
The9 to Present at the Third Annual Piper Jaffray China Internet & Technology Conference and Deutsche Bank Access China 2006 Conference

February 28, 2006

SHANGHAI, China, Feb. 28 /Xinhua-PRNewswire/ -- The9 Limited (Nasdaq: NCTY), a leading online game operator in China, today announced that it will present at the Third Annual Piper Jaffray China Internet & Technology Conference and Deutsche Bank Access China 2006 Conference. Both investor conferences will be held in Beijing, China. The Third Annual Piper Jaffray China Internet & Technology Conference is being held from February 28 to March 2, 2006 at St. Regis Hotel in Beijing, China. The9's Chairman and Chief Executive Officer, Mr. Jun Zhu, will present on a panel on Tuesday, February 28, 2006. The panel titled "Evolution of Online Games: Mainstreaming or Commoditizing?" will be held from 4:15pm to 5:45pm Beijing Time to discuss key topics and industry trends of online games in China. In addition, The9 will also present at the Deutsche Bank Access China 2006 Conference. The conference is being held from February 27 to March 2, 2006 at the Grand Hyatt Hotel in Beijing, China. The9's Chief Financial Officer, Miss Hannah Lee, is scheduled to present at 9:30 a.m. Beijing Time on Thursday, March 2, 2006. About The9 Limited The9 Limited is a leading online game operator in China. The9's business is primarily focused on operating and developing MMORPGs for the Chinese online game players market. The9 directly or through affiliates operates licensed MMORPGs, consisting of WoW, MU and Mystina Online, in China. It has also obtained exclusive licenses to operate additional MMORPGs in China, including Granado Espada and Soul of The Ultimate Nation(TM). In addition, The9 has developed its first proprietary MMORPG titled "Joyful Journey West", which entered all-access public open beta testing in August 2005. For further information about The9, please contact: Ms. Dahlia Wei Investor Relations - Senior Manager The9 Limited Tel: +86-21-5172-9990 Email: IR@corp.the9.com Web: http://www.corp.the9.com SOURCE The9 Limited
2007'02.01.Thu
Quadrem Grows Revenues More Than 60% for Second Straight Year

February 28, 2006

Throughput Tops USD$7 Billion; Supplier Network Nearly Doubles to 25,000 Companies
SINGAPORE, Feb. 28 /Xinhua-PRNewswire/ -- Quadrem, the global eMarketplace(TM), achieved its first cash-flow positive calendar year in 2005, growing revenues 60% over 2004 numbers. This marks the second consecutive year the company has achieved annual revenue increases at rates above 60%. Also in 2005, Quadrem customers processed more than 1.5 million purchase orders, a 30% year-over-year increase. The value of XML based procurement transactions through the Quadrem network was up 78% reaching USD$7.2 billion, and the supplier network nearly doubled its customer base to more than 25,000 companies. "New customers and increased commitments from current customers drive our success -- and both revenue streams are tied to our track record of value delivery," said Charles Jackson, Quadrem CEO. "In the areas of procurement and sourcing, we've proven that we mitigate the risk and complexity of supply chain e-initiatives. We solve pain points associated with content quality and supplier enablement to build successful global deployments. And we continue to develop effective solutions that work globally -- our new solutions for supplier account financing, spend analysis, master data management and simple sourcing activities will dramatically enhance our value to customers in 2006." Quadrem is a uniquely global provider with large electronic procurement and sourcing communities in Africa, Australia, South America and The Middle East as well as North America, Europe and Asia. "I'm pleased to point out that our growth trajectories are strong across all product lines, regions and customers," said Gary Ito, Quadrem CFO. "Every line of revenue is up, with strategic sourcing and catalogue-related solutions leading the way. Every geographic region experienced double digit growth for the year. Our track record continues to attract new customers, and several plan to increase the spend they put through our transaction network to 90+%. You can look for Quadrem to continue its track record of aggressive growth in 2006." About Quadrem Quadrem ( http://www.quadrem.com ) provides e-business solutions that connect buyers and suppliers to maximise supply chain efficiencies. Established in 2000, Quadrem has locations in Australia, Brazil, Canada, Chile, France, Mexico, The Netherlands, Peru, Singapore, South Africa, and the United States. Quadrem's world headquarters is Amsterdam, The Netherlands, with a Dallas, Texas operations base. For more information, please contact: Katherine Kirkpatrick Tel: +1-972-543-8044 Email: kkirkpatrick@quadrem.com Choon Boon Heng Tel: +65-6550-9683 SOURCE Quadrem
2007'02.01.Thu
netomat Announces Motorola Ventures Investment

February 28, 2006

NEW YORK, Feb. 28 /Xinhua-PRNewswire/ -- netomat, Inc., pioneers in Mobile-PC convergence, announced today that Motorola, Inc. (NYSE: MOT) through Motorola Ventures, its strategic venture capital arm, made an investment in the company. Financial terms of this agreement were not disclosed. netomat's IP-based platform was built from the ground up to make it is easy to get and share content -- both user-generated and 3rd party -- across any IP-connected device, including mobile phones, PCs and set-top boxes. The company recently launched netomat hub, the first group picture, text and RSS sharing service for mobile phones and PCs. The service seamlessly integrates multiple essential services for real-time group communication, including picture and text messaging with presence, RSS syndication, trusted social networking, digital photo storage and update alerts. "Motorola and netomat share a common vision of seamless mobility," said Matthew Growney, managing director of Motorola Ventures. "Consumers want to be connected to the people and content that matters to them regardless of the device or network they happen to be using." "We are extremely pleased Motorola decided to invest in our company," said Alan Gershenfeld, CEO of netomat. "We share their vision for IP-based convergence and are excited by the range and power of their devices, which are optimized for convergent services. Motorola's investment will further enable us to develop our platform, which enables friends, family and colleagues to stay connected instantly to whatever is important to them." About netomat netomat is a software company whose mission is to break down barriers to communication. The company is privately held and financed by a group of investors including venture capitalists, foundations and individuals reflecting the company's genesis as a network based art project as well as the company's goal to build an innovative, responsible and profitable software company. For more information visit http://www.netomat.net . About Motorola Ventures Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information, visit http://www.motorola.com/ventures . About Motorola Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit http://www.motorola.com . NOTE: netomat and netomat hub are registered trademarks of netomat, Inc. All other registered or unregistered trademarks are the sole property of their respective owners. For more information, please contact: Gary Byrd FortyThree, Inc. Tel: +1-831-621-3773 Email: netomat@fortythreepr.com SOURCE netomat, Inc.
2007'02.01.Thu
Xinhua China Reports Financial Results for Second Quarter and Six Months

February 27, 2006

BEIJING, Feb. 27 /Xinhua-PRNewswire/ -- Citing the impact of a move into new facilities and delays in the timing of certain orders because of the Beijing Book Fair, Xinhua China Ltd. today reported a net loss of $2.1 million for its second quarter ended December 31, 2005 on sales of $9.1 million. Results for the six-months included a net loss of $3.8 million on sales of $25.2 million. The company noted it began operations on February 1, 2005. As a result, comparative prior year data are not available. The company noted gross margin in the second quarter was 11.4 percent. This compares with gross margin of 10.4 percent in the first quarter. For the six month period, gross margin was 10.8 percent. The increase was the result of a higher percentage of sales stemming from non-textbook titles, which carry a higher margin. "The second quarter was one of considerable change for Xinhua China," said Mr. Xianping Wang, president and CEO. "Although we completed consolidation of four older, less efficient distribution facilities into one larger, more efficient facility late in the first quarter, that process continued to impact our operations in the second quarter as the new facility was still being organized. That move has already begun to yield benefits but it did disrupt the processing of orders during the early part of the second quarter. As a result, sales were lower than they would have been under normal conditions. The fact that we were able to increase our gross margin despite the disruption is an indication of the strength of demand for books in China and our position in that market. "Sales were also affected in the quarter by the timing of the Beijing International Book Fair, held in early January. A number of orders we would normally have recorded in the second quarter were pushed into the third quarter as buyers chose to use the book fair to further refine and confirm the selections they intended to purchase," Wang added. Selling general and administrative expenses declined modestly in the second quarter to $2.1 million from $2.3 million in the first quarter. The decline is the result of actions taken earlier to modernize the operations, the company said. Just after quarter end, Wang said the company completed the first phase of a financing that will ultimately provide it with an infusion of $4 million in new capital. He noted that the proceeds from this transaction will be used to update systems and for general corporate purposes. "We are continuing to build an organization to meet the growing demand in China for all types of books," Wang stated. "These steps being taken to improve the efficiency of our operations are well-documented. Although we have been in operation for less than a year, those steps are beginning to show results in the way we conduct our business, from order processing to physical delivery of the volumes to bookstores," Wang stated. Wang said Xinhua China and its operating subsidiary, Xinhua Publications Circulation & Distribution Co., Ltd., are complementing the improvements being made in the physical distribution process with other measures to stimulate sales volume. "We have not limited ourselves to operational improvements. We are also engaged in marketing efforts to help booksellers and publishers gain exposure for their books. The most significant of these efforts is the development of Chapter One China, our system that allows buyers of books to preview the first chapter through an on-line portal before making a purchase decision. While still in the development stage, Chapter one already has 10,000 titles in its database and the rate at which books are being added is accelerating. We envision a point in the not too distant future when any book authorized in China may be previewed through Chapter One China, whether in Chinese or any other language. "The Chapter One China system will not only help bookstore operators in managing their stock, it will eventually help individual consumers make decisions about books to buy. Further, Chapter One should also be valuable in helping us capture the growing fulfillment business in China. As on-line booksellers emerge as a significant force in the Chinese market, they will need a partner to fill orders they generate. We are uniquely positioned to capture that business as the holder of the only national license for the distribution of books and other publications in China," Wang added. "The outlook for our business remains bright, although some results are taking longer to achieve than we originally expected. The Chinese economy continues to be one of the fastest growing in the world. The Chinese people have greater access to information than ever before, stimulating the demand for books. The internet is experiencing explosive growth, making purchase of books, even in the most remote areas, much easier. All of these factors, along with our proactive marketing through Chapter One and other initiatives, should be factors in the growth of our book distribution business. It is, however, important to note that we have still only been engaged for a matter of months in modernizing a 70 year-old business that was previously run to achieve political and social objectives," Wang concluded. About Xinhua China Xinhua China Ltd. is a US publicly traded holding company that, through one of its subsidiaries, Xinhua Publications Circulation & Distribution Co., Ltd., holds a national license for distribution of books and other publications in China. Xinhua China is involved in forming strategy, operating and financing for Xinhua 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 call Mr. Alex Helmet at 1 800 884-3864 ext. 17 or visit its 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, Xinhua 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. Xinhua China Ltd. (formerly Camden Mines Limited) CONSOLIDATED BALANCE SHEETS [Basis of presentation and going concern uncertainty] (Expressed in U.S. dollars) (Unaudited) Dec. 31, 2005 Jun. 30, 2005 Assets Current Assets Cash $ 3,367,004 $ 1,336,269 Restricted Cash -- 362,516 Account Receivable, including related party receivables of $4,282,010 (June 30, 2005 - $5,926,629) 38,696,463 39,166,242 VAT receivable 4,500,038 5,964,445 Inventories 18,333,924 17,445,410 Prepayments 387,910 126,917 Total Current Assets 65,285,339 64,401,799 Property, plant and equipment 26,808,050 26,000,804 National distribution right 6,325,258 6,167,000 Goodwill 6,332,347 6,173,992 Total Assets $ 104,750,994 $ 102,743,595 Liabilities and Shareholder Equity Current Liabilities Account payable and accrued liabilities $ 78,828,539 $ 76,231,392 Due to related parties 20,853,033 1,819,965 Total Current Liabilities 99,681,572 78,051,357 Convertible debenture net of discount of $1,069,948 180,052 -- Warrants and beneficial conversion 1,013,460 -- Loans from related parties - 19,514,229 Total Liabilities 100,875,084 97,565,586 Non-controlling interest 5,450,880 4,973,683 Commitments Shareholders' Equity (Deficiency) Common stock, $0.00001 par value, authorized 500,000,000, outstanding 61,779,765 618 618 Additional paid-in capital 7,895,697 5,855,525 Accumulated other comprehensive Income 22,185 53 Accumulated deficit (9,493,470) (5,651,870) Total Shareholders' Equity (Deficiency) (1,574,970) 204,326 Total Liabilities and Shareholders' Equity $ 104,750,994 $ 102,743,595 Xinhua China Ltd. (formerly Camden Mines Limited) CONSOLIDATED STATEMENT OF OPERATIONS (Expressed in U.S. dollars) (Unaudited) 3 months Ended 6 months Ended 12 months Ended Dec. 31, 2005 Dec. 31, 2005 June 30, 2005 Revenue Sales revenue $ 9,146,838 25,215,829 $ 15,496,537 Cost of sales 8,102,395 22,504,822 13,584,466 Gross profit 1,044,443 2,711,007 1,912,071 Expenses Selling, general and administrative 2,110,829 4,402,245 4,211,480 Stock-based compensation 918,550 1,873,763 3,534,507 Total operating expenses 3,029,379 6,276,008 7,745,987 Operating loss before interest, other income (expense) and income tax (1,984,936) (3,565,001) (5,833,916) Interest and other income 186,591 252,274 66,430 Interest expense (495,743) (785,467) (520,875) Income tax -- -- -- Loss before non-controlling interest (2,294,088) (4,098,194) (6,288,361) Non-controlling interests share of loss 168,383 256,594 636,491 Net loss for the period $ (2,125,705) (3,841,600) $ (5,651,870) Loss per share - basic and diluted $ (0.03) (0.06) $ (0.10) Weighted average number of shares outstanding - Basic and diluted 61,779,765 61,779,765 55,733,786 For more information, please contact: At Xinhua China Ltd.: Alex Helmel Investor Relations Email: info@xinhuachina.com.cn Tel: +1-604-681-3864 or +1-800-884-3864 At The Investor Relations Company: Woody Wallace or Michael Arneth Email: wwallace@tirc.com or marneth@tirc.com Tel: +1-847-296-4200 SOURCE Xinhua China Ltd.
2007'02.01.Thu
TOM Online Extends Wireless Internet to Ourgame's Online Community

February 27, 2006

BEIJING, Feb. 27 /Xinhua-PRNewswire/ -- TOM Online Inc. (Nasdaq: TOMO; Hong Kong GEM: 8282), China's leading wireless Internet company, today announced it has signed a strategic cooperation agreement with Ourgame, one of China's largest online casual game operators. Under the agreement, TOM Online will be the exclusive provider of services such as SMS, MMS and IVR through Ourgame's portal, http://www.ourgame.com . This partnership follows TOM Online's strategy to form unique large-scale distribution alliances allowing TOM Online to broaden its reach to Chinese consumers and share revenues with key distribution partners. TOM Online Chief Executive Officer Wang Lei Lei said: "I believe this is another example where TOM Online's core competence of providing high-quality wireless services is strengthened by Ourgame's focus on providing high-quality and engaging online games. Together we are able to provide our services to Ourgame's large base of users." With a registered user base of more than 200 million, Ourgame is one of the largest online games portals in China providing a comprehensive range of board and interactive casual games. The company has an active user base of 18 million a month as well as a concurrent user base of more than 700,000. About TOM Online Inc. TOM Online Inc. (Nasdaq: TOMO; Hong Kong GEM: 8282) is a leading wireless Internet company in China providing value-added multimedia products and services. A premier online brand in China targeting the young and trendy demographics, the company's primary business activities include wireless value-added services and online advertising. The company offers an array of services such as SMS, MMS, WAP, wireless IVR (interactive voice response) services, content channels, search and classified information, and free and fee-based advanced email. As at September 30th, 2005, TOM Online is the only portal in China that enjoyed a top three ranking in every wireless Internet segment. Safe harbour statement This Press Release contains statements that may be viewed as "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 Exchange Act of 1934, as amended. Such forward-looking statements are, by their nature, subject to significant risks and uncertainties that may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Such forward-looking statements include, without limitation, statements that are not historical fact relating to the financial performance and business operations of the Company in mainland China and in other markets, the continued growth of the telecommunications industry in China and in other markets, the development of the regulatory environment and the Company's latest product offerings, and the Company's ability to successfully execute its business strategies and plans. Such forward-looking statements reflect the current views of the Company with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including, without limitation, any changes in our relationships with telecommunication operators in China and elsewhere, the effect of competition on the demand for the price of our services, changes in customer demand and usage preference for our products and services, changes in the regulatory policies by relevant government authorities, any changes in telecommunications and related technology and applications based on such technology, and changes in political, economic, legal and social conditions in China, India and other countries where the Company conducts business operations, including, without limitation, the Chinese government's policies with respect to economic growth, foreign exchange, foreign investment and entry by foreign companies into China's telecommunications market. Please also see "Item 3 - Key Information - Risk Factors" section of the Company's annual report on Form 20-F (File No. 000-50631) as filed with the United States Securities and Exchange Commission. For more information, please contact: Rico Ngai Investor and Corporate Communications TOM Online Inc. Tel: +86-10-6528-3399 x6940 Mobile: +86 139-118-95354 Email: rngai@tomonline-inc.com SOURCE TOM Online Inc.
2007'02.01.Thu
FreeStar Technology Corp's Rahaxi Processing Oy. Signs Sales Agreement With Finnish-Based WinHair Cash Management Systems

February 27, 2006

SHANGHAI, China, Feb. 27 /Xinhua-PRNewswire/ -- FreeStar Technology Corp. (OTC Bulletin Board: FSRT), an international card payments processor and technology company, signed a sales and referral agreement with WinHair Cash Management Systems ("WinHair"), a leading provider of cash management software solutions for hair salons and barbershops in Finland. Under the terms of the agreement, WinHair is to market Rahaxi-OTI(TM) (Open Terminal Interface); an in-house developed and managed middleware solution, to its merchant clients. In addition, the agreement will enable Rahaxi to provide WinHair's client base with its wide variety of international standard products and services, including fast, secure online card payment processing. Jyrki Matikainen, sales director of Rahaxi Processing Oy., said, "We are delighted that WinHair will be marketing Rahaxi-OTI, which provides a secure payment interface between the merchant, the banks and credit card acquirers." Paul Egan, chief executive officer of FreeStar Technology Corp added, "With our strong commitment to EMV compliance and services development, this agreement will enable Rahaxi access to new merchants and help increase its established merchant base." "I see a great opportunity to serve our customers with a reliable, modern and a very competitive combination of Rahaxi Processing's products and services. We're glad to offer Rahaxi's products and services to our existing and new customers," said Matti Ketvell, managing director of WinHair. Rahaxi-OTI was developed to meet high market demand. Traditional POS vendors require companies to expand services from platform to cash register as part of the POS application logistics. The Rahaxi-OTI(TM) application is managed centrally by Rahaxi and can be remotely updated when needed. About FreeStar Technology Corp. FreeStar Technology Corp. is a payment processing company. Its wholly owned subsidiary Rahaxi Processing Oy., based in Helsinki, has a robust Northern European BASE24 credit card processing platform. Rahaxi currently processes in excess of 1.3 million card payments per month for such companies as Finnair, Ikea and Stockman. The company, based in Dublin, Ireland, maintains satellite offices in Santo Domingo, Dominican Republic, Helsinki and Geneva. For more information, please visit http://www.freestartech.com . About WinHair Cash Management Systems WinHair Cash Management Systems, founded in 2000, specializes in cash management software solutions especially designed for hairsalons and barbershops. WinHair¡äs flagship sotwares WinHair and WinHair Single offer merchants an easy, versatile and reliable pc-based solution for all needs created by cash transactions and customer service. With over 400 merchant clients, WinHair is the market leader in Finland in its chosen market sector. For more information, please visit http://www.winhair.net . Forward-Looking Statements Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. When used in this press release, the words "expects," "anticipates," "believes," "plans," "will" and similar expressions are intended to identify forward-looking statements. These are statements that relate to future periods and include, but are not limited to, statements regarding our adequacy of cash, expectations regarding net losses and cash flow, statements regarding our growth, our need for future financing, our dependence on personnel, and our operating expenses. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, those discussed above as well as risks set forth above under "Factors That May Affect Our Results." These forward-looking statements speak only as of the date hereof. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The companies caution that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in FreeStar's Form 10-KSB filing and other filings with the U.S. Securities and Exchange Commission (available at http://www.sec.gov ). FreeStar undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise. For more information, please contact: FreeStar Technology Corporation Paul Egan Tel: +1-809-368-2001 Stern & Co. Arun Chakraborty, Tel: +1-212-888-0044 SOURCE FreeStar Technology Corporation
2007'02.01.Thu
Xinhua Far East Assigns AA- Issuer Rating to Guangzhou Development Industry (Holdings) Co., Ltd.

February 27, 2006

HONG KONG, Feb. 27 /Xinhua-PRNewswire/ -- Xinhua Far East China Ratings today assigned Guangzhou Development Industry (Holdings) Co Ltd ("the Company", SH A 600098) with an AA- domestic currency issuer credit rating. The rating outlook is stable. The rating reflects the Company's competitive market position in terms of target region, its scale of operation and its power generating efficiency compared with Guangzhou's other power generation corporations. The Company's consistent growth is underpinned by strong demand for power in Guangzhou city, its main sales market in recent years. The rating also takes into account the considerable government support the Company enjoys from its indirect controlling shareholder, the Guangzhou Municipal Government. On the other hand, Xinhua Far East expects the Company's profit margin will continue to dwindle, given the mounting operational risks associated with the deregulation of power coal prices in China. Xinhua Far East also notes that although the Company's new operations in energy logistics have replaced power generation as the largest contributor to revenue, these operations have not proved successful but rather have placed a strain on the Company's overall profitability. In line with this, Xinhua Far East expects that power generation will remain the primary source of the Company's earnings, while its plans for business diversification face uncertainties. Nevertheless, considering the Company's relatively low debt ratios, stable cash flows and solid cash reserves, Xinhua Far East believes that the Company's sound financial situation will enable it to meet future capital expenditure and support its current rating. The rating outlook is stable, given the fast economic growth in Guangdong Province, the Company's sound financial profile and the expected growth to be gained by entering into projects, via its strong relationship with the government, which generate stable cash flow. As of September 30, 2005, Guangzhou Development Industry (Holdings) had registered capital of about RMB2.06 billion and consolidated total assets of about RMB10.8 billion. The Company's attributable installed capacity was 996.6 MW as of June 30, 2005. Guangzhou Development Group Co Ltd is the largest shareholder of Guangzhou Development Industry (Holdings), with a 78.18% stake. Guangzhou Development Group Co Ltd is 100% controlled by Guangzhou Municipal Government. Guangzhou Development Group Co Ltd is a constituent in the Xinhua/FTSE China A50 Index. As of February 24, 2006, the total market cap of the company accounted for RMB8.5 billion with an investable market cap of RMB3.4 billion. For the rating report summary, please visit http://www.xinhuafinance.com/creditrating . About Xinhua FTSE China A50 Index The FTSE/Xinhua China A50 Index is a real-time tradable index comprising the largest 50 A Share companies by full market capitalization. Designed to meet the needs of QFIIs, it can be used as a basis for both on-exchange and OTC derivative products, mutual funds and ETFs. For daily data and further information, see www.xinhuaftse.com. About Xinhua Far East China Ratings Xinhua Far East China Ratings (Xinhua Far East) is a pioneering venture in China that aims to rank credit risks among corporations in China. It is a strategic alliance between Xinhua Finance (TSE Mothers: 9399), and Shanghai Far East Credit Rating Co., Ltd. Shanghai Far East became a Xinhua Finance partner company in 2003 and the first China member of The Association of Credit Rating Agencies in Asia in December 2003. Capitalizing on the synergy between Xinhua Finance and Shanghai Far East, Xinhua Far East's rating methodology and process blend unique local market knowledge with international rating standards. Xinhua Far East is committed to provide investors with independent, objective, timely and forward-looking credit opinions on Chinese companies. It aims to help investors differentiate the credit risks among the corporations in China, thereby, cultivating their awareness and promoting information disclosures and transparency in China market. For more information, see http://www.xfn.com/creditrating . About Xinhua Finance Limited Xinhua Finance Limited is China's unchallenged leader in financial information and media, 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 four focused and complementary service lines: Indices, Ratings, Financial News and Investor Relations. Founded in November 1999, the Company is headquartered in Shanghai with 21 news bureaus and offices in 18 locations across Asia, Australia, North America and Europe. For more information, please visit http://www.xinhuafinance.com . About Shanghai Far East Credit Rating Co., Ltd Shanghai Far East Credit Rating Co., Ltd. is the first and leading professional credit rating company with comprehensive business coverage in China. It is an independent agency established by the Shanghai Academy of Social Sciences with the mission to develop internationally accepted standards for capital market in China. The company is a pioneer in conducting bond-rating business in China. For years, it has been authorized by the Shanghai branch of the PBOC to undertake loan certificate credit rating. Since establishment, it has rated over 1,000 corporate long-term bonds and commercial papers, based on the principles of objectivity, fairness and independence. The company has also maintained over 50% market share in the loan certificate-rating sector in Shanghai for three consecutive years. With its strong local presence and knowledge, it provides investors with unique and the most insightful credit opinion. For more information, see http://www.fareast-cr.com . For more information, please contact: Hong Kong Joy Tsang Director of Corporate Communications Xinhua Finance Tel: +852-3196-3983, +86-21-6113-5999 or +852-9486-4364 Email: joy.tsang@xinhuafinance.com US David Leeney Taylor Rafferty (IR/PR Contact in US) Tel: +1-212-889-4350 Email: david.Leeney@taylor-rafferty.com SOURCE Xinhua Far East China Ratings
2007'02.01.Thu
Luxottica Group Signs Landmark Ten-Year, US$1.75 Billion Eyewear Licence Agreement with Polo Ralph Lauren

February 27, 2006

MILAN, Italy, Feb. 27 /Xinhua-PRNewswire/ -- Luxottica Group (NYSE: LUX; MTA: LUX), the global leader in the premium and luxury eyewear sector, announced today a ten-year licence agreement with Polo Ralph Lauren Corp. (NYSE: RL) for the design, production and worldwide distribution of prescription frames and sunglasses under the Polo Ralph Lauren name. The agreement, which will begin on January 1, 2007, is estimated to be worth for Luxottica Group in excess of US$1.75 billion in sales over its duration. Terms include an advance payment on royalties of US$199 million that will mature over the ten-year term of the agreement. Leonardo Del Vecchio, chairman of Luxottica Group, commented: "We are extremely pleased to start 2006 with the announcement of a landmark agreement with one of the world's leading brands. Polo Ralph Lauren is truly a global brand and a perfect fit for our integrated approach to wholesale-retail distribution." "We have high expectations for what Polo Ralph Lauren and Luxottica will accomplish together in years to come. Our partnership will especially benefit from our ability to support brands through a worldwide retail network." About Luxottica Group S.p.A. Luxottica Group is a global leader in eyewear, with nearly 5,500 optical and sun retail stores mainly in North America, Asia-Pacific and China and a well-balanced portfolio that comprises leading premium house and licensed brands, including Ray-Ban, the best selling sun and prescription eyewear brand in the world. Among others, the Group's brand portfolio includes house brands Vogue, Persol, Arnette and REVO and license brands Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Prada, Versace and Polo Ralph Lauren, from January 2007. Luxottica Group's global wholesale network touches 120 countries, with a direct presence in the key 28 eyewear markets worldwide. The Group's products are designed and manufactured at its six Italy-based high-quality manufacturing plants and at the only China-based plant wholly-owned by a premium eyewear manufacturer. For fiscal year 2005, Luxottica Group posted consolidated net sales and net income of euro 4.3 billion and euro 342.3 million, respectively. Additional information on the Group is available at http://www.luxottica.com . Safe Harbor Statement Certain statements in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, fluctuations in exchange rates, economic and weather factors affecting consumer spending, the ability to successfully introduce and market new products, the availability of correction alternatives to prescription eyeglasses, the ability to successfully launch initiatives to increase sales and reduce costs, the ability to effectively integrate recently acquired businesses, including Cole National, risks that expected synergies from the acquisition of Cole National will not be realized as planned and that the combination of Luxottica Group's managed vision care business with Cole National will not be as successful as planned, the impact of the application of APB 25 (Accounting for Stock Issued to Employees) and, as of January 1, 2006, the adoption of SFAS 123 (R) as well as other political, economic and technological factors and other risks referred to in Luxottica Group's filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof and Luxottica Group does not assume any obligation to update them. For more information, please contact: Luca Biondolillo Head of Communications of Luxottica Group S.p.A. Email: LucaBiondolillo@Luxottica.com Alessandra Senici Senior Manager, Investor Relations of Luxottica Group S.p.A. Tel: +39-02-8633-4062 Email: AlessandraSenici@Luxottica.com, SOURCE Luxottica Group S.p.A.
2007'02.01.Thu
National Nanometer Industrialization Favors TEDA

February 27, 2006

TIANJIN, China, Feb. 27 /Xinhua-PRNewswire/ -- Tianjin Economic-Technological Development Area (TEDA) announced today that the Ministry of Finance has appropriated RMB38 million to the National Academy of Nanometer Technology and Engineering ("NANTE"), located in TEDA, to support the key industrialization projects in nanometer research during the "Eleventh Five-Year Plan." Using the NANTE, and in virtue of the advantages of over one hundred universities and research institutions in Beijing and Tianjin, TEDA will build a high-tech platform in China for the industrialization of nanometer technology. Now the NANTE has established partnerships with many universities and research institutions, including the Chinese Academy of Sciences, Tsinghua University, Peking University, the Military Medical Science Academy, Beijing University of Aeronautics and Astronautics, Nankai University and Tianjin University, they can not only set up a platform for the research, development and application of nanometer technology in fields like electro-information, biology, medicine and micro-machinery, but also form a new development mode for the technology industry featuring dynamic alliances, joint technological breakthroughs and systematic integration. This will serve as the impulsion for the innovation of nanometer technology in TEDA. Through governmental initiatives, such as the formulation of industrial development planning, special fund support and policy promotion, TEDA has created an environment favorable for regional technology innovation, built a platform facilitating technology innovation, thus realizing the effect of talent aggregation. Now TEDA serves as home to 23 national engineering and technology research centers, 11 enterprise technology centers, 37 R&D Centers for transnational companies, 43 post-doctoral workshops for enterprises, 3 universities and 212 approved high-tech enterprises. Brief Introduction to Tianjin Economic-Technological Development Area Tianjin Economic-Technological Development Area (abbreviated to TEDA, with "Taida" as its Chinese transliteration) was established in 1984, upon the approval of the State Council of the People's Republic of China. It was one of the first state-level economic and technological development zones in the country. Located in the centre of the Circum-Bohai economic circle and in the east of the Eurasia continental bridge, TEDA is a portal to such two metropolises as Beijing and Tianjin and a vital passage to Northeast China. So far over 3,300 overseas-founded companies have settled in TEDA. Of the Fortune 500 enterprises, 57 overseas transnational companies from 10 countries and regions have made investments in 123 enterprises that are based in TEDA, including companies such as Motorola, Sumsung and Toyota. In 2000, TEDA was acclaimed by Fortune of U.S. as "the most admired industrial park of China." In 2002, it was elected by the United Nations Industrial Development Organization (UNIDO), along with five other Chinese cities and areas including Shenzhen, Suzhou, Pudong New Area of Shanghai, etc., "the most dynamic regions of China." For more information, please visit http://www.investteda.org , or contact: Ding Lei of TEDA Tel: +86-22-2520-1616 Xu Hui of TEDA Tel: +86-22-2520-1118 SOURCE Tianjin Economic-Technological Development Area
2007'02.01.Thu
Graduates of the Master of Corporate Real Estate (MCR) Programme to Receive their Honours at the 2006 CoreNet Global Asia Summit

February 27, 2006

-- MCR Professional Designation to be Awarded at CoreNet Global's Asia Summit, the Grand Hyatt Beijing, March 28-30, 2006 HONG KONG, Feb. 27 /Xinhua-PRNewswire/ -- Twelve leading corporate real estate practitioners from the Asia region were today congratulated for successfully completing the Master of Corporate Real Estate (MCR) programme and joining a select few in Asia to earn the prestigious designation offered through leading corporate real estate association, CoreNet Global. The CoreNet Global MCR programme is a professional development programme which provides essential skills that focus on urgent and critical business issues and communicates competence and successful experience as a corporate real estate expert. In total, there were 92 international graduates in the class of 2005, including the following successful candidates from Asia: -- Jeffrey F. Weidenborner, General Manager, Sienna Commercial Realty Advisors; -- Peter Lu, Real Estate & Facilities Manager Microsoft (China) Co. Limited; -- Eng Cheong Lim, Senior Real Estate Manager, General Motors Corporation; -- William Taam, Regional Director, AIG Global Real Estate Investment LLC; -- Christopher John Wu, Director of Real Estate, Simon/Chelsea International Limited; -- Tony Wong, Vice President, JP Morgan Chase & Company; -- Michael Johnston-Smith, Director Asia Pacific, Pears Global Real Estate Investors Asia Limited; -- Sammy Lee, Senior Asset Portfolio Mgr, ExxonMobil Hong Kong Limited; -- John Edward A. Duarte, Property COF Senior Specialist, Chevron; -- William Malone Jr., Senior Vice President, Exxon Mobil Corporation; -- Regina Chia, Regional Asset Portfolio Manager, ExxonMobil Asia Pacific Pte. Limited; -- Wan Nooraini Wan Md. Salleh, Property Senior Specialist, Asia Pacific, Caltex Oil (Malaysia) Limited. Dr. Prentice Knight, Acting Chief Executive and Chief Learning Office of CoreNet Global congratulated the Asian graduates, commenting, "The MCR designation proves your expertise within the professional real estate arena and creates an elite core of respected leaders who can be called upon to act as advisers and ambassadors for CoreNet Global." He continued, "The MCR designation communicates professional competence and a high level of industry knowledge to management and colleagues. We are therefore delighted to honor the individuals who have graduated in Asia." As a former graduate of CoreNet Global's MCR development programme, Ms. Irene Masterton, Head of Strategy and Planning, CRES, for Standard Chartered Bank expressed, "CoreNet Global's Executive Development Programme is the ideal place to network whilst you are learning. "I have always found the mix of theory and practical application that can be applied in the workplace of immense value. This coupled with the opportunity of discussing lessons learned has provided me with real tangible benefits in my career. Through the programme I have met CRE professionals and faculty members at all stages of development in their own personal careers who have become real friends and mentors," Ms. Masterton stated. The MCR programme was established in 1982 and is the professional designation of CoreNet Global, which is the largest worldwide organization devoted to the professional education of corporate real estate professionals. To receive the designation, professionals must complete three required seminars, two elective seminars and a Capstone within a five year period. An assessment is given at the end of each seminar and a passing grade must be earned to receive credit. Each designee will further their education through continuing professional development which must be renewed every three years. About CoreNet Global CoreNet Global is the world's premier association for corporate real estate and related professionals. Headquartered in Atlanta, USA, the global learning organization is the industry thought and opinion leader, plus the only professional real estate group that convenes the entire industry. Today, CoreNet Global's members manage US $1.2 trillion in worldwide corporate assets totaling 700 billion square feet of owned and leased office, industrial and other space. With 7,500 members representing large organizations around the world, CoreNet Global operates in five global regions: Asia/Japan, Australia, Europe, Latin American and North America including Canada. For more information, please visit the CoreNet Global website at http://www.corenetglobal.org . For more information, please contact: Janet Middlemiss RFP Tel: +852-2857-3832 / +852-9195-7829 Fax: +852-2840-1284 Email: jm@rfpmagazine.com Jennifer Gao CoreNet Global Tel: +86-21-6122-1251 Fax: +86-21-6122-1481 Email: jgao@corenetglobal.org SOURCE CoreNet Global
2007'02.01.Thu
TOM Online to Report Fourth Quarter and Fiscal 2005 Results on March 17

February 24, 2006

BEIJING, Feb. 24 /Xinhua-PRNewswire/ -- TOM Online Inc. (Nasdaq: TOMO; Hong Kong GEM: 8282), a leading wireless Internet company in China, will announce its financial results for the fourth quarter and full year ended December 31st, 2005 after Hong Kong market hours on Friday, March 17th, 2006, corresponding with Friday morning, March 17th in US time zones. A press conference will be held at Chief Executive Suites 2 - 3, Grand Hyatt Hotel, 1 Harbour Road, Hong Kong at 4:00 PM Hong Kong time (or 3:00 AM EST) on March 17th, followed by an investor conference at 5:30 PM Hong Kong time. Following the announcement, TOM Online's management will hold an investor conference call at 8:00 PM Hong Kong time (7:00 AM EST) on that day to present an overview of the company's financial performance and business operations during the period. The dial-in numbers for the call are: Australia: 1-800-750-079; China A (China Netcom subscribers): 10800-852-0823; China B (China Telecom subscribers): 10800-152-0823; Hong Kong: +852-2258-4002; India: 000-800-852-1133; Singapore: 800-852-3412; United Kingdom: 0800-096-7428; USA: 877-542-7993. Password: TOM Online. The conference call will be webcast live and archived on http://ir.tom.com . An audio replay of the call can also be accessed by dialing +852-2802-5151; passcode: 759560. The audio replay of the conference call will be kept for seven days. About TOM Online Inc. TOM Online Inc. (Nasdaq: TOMO; Hong Kong GEM: 8282) is a leading wireless Internet company in China providing value-added multimedia products and services. A premier online brand in China targeting the young and trendy demographics, the company's primary business activities include wireless value-added services and online advertising. The company offers an array of services such as SMS, MMS, WAP, wireless IVR (interactive voice response) services, content channels, search and classified information, and free and fee-based advanced email. As at September 30th, 2005, TOM Online is the only portal in China that enjoyed a top three ranking in every wireless Internet segment. For more information, please call: Rico Ngai Investor and Corporate Communications TOM Online Inc. Tel: +86-10-6528-3399 x6940 Mobile: +86-139-118-95354 Email: rngai@tomonline-inc.com SOURCE TOM Online Inc
2007'02.01.Thu
Xinhua Far East Upgrades Tsingtao Brewery Co. Ltd to BBB+ Issuer Rating

February 24, 2006

HONG KONG, Feb. 24 /Xinhua-PRNewswire/ -- Xinhua Far East China Ratings today upgraded Tsingtao Brewery Co. Ltd ("Tsingtao Brewery" or "the Company"; SH A 600600; HK0168) from BBB- to BBB+ domestic currency issuer credit rating. Its rating outlook remains stable. The upgrade was based on Xinhua Far East's positive view about Tsingtao Brewery's change in business focus from external acquisition to internal consolidation, as well as its equity relationship and strategic incorporation with Anheuser-Busch ("AB"), its improved cash flow and its lower debt burden since 2002. On the other hand, Xinhua Far East recognizes that there are risks of further profitability erosion due to intensified competition as a result of the ever-increasing beer capacity surplus in China, especially in lucrative regions, and due to the company's aggressive marketing strategy. Tsingtao Brewery's debt repayment ability has significantly improved since 2002. This, Xinhua Far East believes, has mainly been due to constraints on capital expenditure and new shares issued to AB. Its gross debt/ total capital fell to 18.8% in the third quarter of 2005 from 43.2% in 2001. EBIT interest coverage increased to 6.4(X) in the first half of 2005 from 1.6(X) in 2001, while net debt/ EBITDA changed to net cash status in 2005 from 2.8 in 2001. Xinhua Far East notes that since 2002 Tsingtao Brewery started to slow down the pace of acquisition and its investment in new capacity as it shifted its focus from capacity expansion to synergy improvement. In Xinhua Far East's view, the Company is unlikely to resume its large-scale capital expenditure because it has almost finished its nationwide capacity allocation and secured its position as one of the big two in the domestic beer market. At the same time, Xinhua Far East expects that the constraints on investment will continue to benefit its cash position in the coming years. Its cash flow from operation (CFO) began to surpass cash outflow from investment (CFI) in 2002. The surplus between CFO and CFI recorded RMB467 million, RMB604 million, RMB1001 million and RMB1178 million from 2002 to the third quarter of 2005. Xinhua Far East also acknowledges the contribution from AB to the Company's rating profile. Tsingtao Brewery approved AB to execute conversion options on accumulatively HKD1.42 billion in convertible bonds in July 2003 and April 2005 successively; this accounted for about 50% gross debt at the end of 2002. On the other hand, Xinhua Far East notes that there are factors that cloud Tsingtao Brewery's future and prevent it from obtaining a high rating: Although Tsingtao Brewery's EBIT margin rose to 7.2% in the third quarter of 2005 from 4.6% in 2001, its profitability remained weak compared to its major competitors. Xinhua Far East attributes its margin improvement to synergies gained from internal consolidation and the introduction of a higher-end product mix, but expects these two drivers might not help to the same degree in the future. Firstly, Xinhua Far East believes the low-median-end products will continue to dominate the Chinese beer market. The narrow high-end niche, which comprises less than 10% and is slow-growing, is set to become too crowded in the near future, with more and more foreign giants entering into China's market and focusing first on regional and high-end markets. Secondly, the geographic diversity of acquired targets, management discrepancies and the residual stakes held by local governments push further synergy improvements a longer way into the future than expected. As competition heats up nationwide, the Company faces greater pressures in regions where it used to have dominant power and lucrative profits. Since the profit from Guangdong Province contributes considerably to the aggregate profit of Tsingtao Brewery, Xinhua Far East believes that the Company's profit margins could deteriorate once a price war is initiated in Guangdong Province as regional supply is estimated to double the size of demand in 2007. Xinhua Far East also believes there are somewhat higher liquidity risks for Tsingtao Brewery as the short-term borrowing accounted for 87.7% of gross debt in the third quarter of 2005. The rating outlook for Tsingtao Brewery remains stable. Tsingtao Brewery is current the largest beermaker in China. As of year-end 2004, the Company recorded 37.1 million hls in beer sales and reported turnover and EBIT of RMB7.7 billion and RMB558 million respectively. The Company has the most extensive nationwide capacity allocation among the native players and enjoys overwhelmingly high market share in the Qingdao region. Sales in that region and Guangdong Province accounted for 31.5% and 29.5% total sales respectively in the first half of 2005. Its brand "Tsingtao" is among the most widely recognized in China. Being the second largest shareholder, Anheuser-Busch Group holds a 27% stake in Tsingtao Brewery and enjoys 20% voting rights in the Company. Tsingdao Beer (SH A 600600) is a constituent of the Xinhua/ FTSE China A50 Indices. As of market close on February 23, 2006, its total market capitalization and investible capitalization were RMB 6.27 billion and RMB 1.88 billion respectively. For the rating report summary, please visit http://www.xinhuafinance.com/creditrating . Note to Editors: About Xinhua FTSE China A50 Index The Xinhua FTSE China A50 Index is a real-time tradable index comprising the largest 50 A Share companies by full market capitalization. Designed to meet the needs of QFIIs, it can be used as a basis for both on-exchange and OTC derivative products, mutual funds and ETFs. For daily data and further information, see www.xinhuaftse.com . For daily data and further information, see http://www.xinhuaftse.com . About Xinhua Far East China Ratings Xinhua Far East China Ratings (Xinhua Far East) is a pioneering venture in China that aims to rank credit risks among corporations in China. It is a strategic alliance between Xinhua Finance (TSE Mothers: 9399), and Shanghai Far East Credit Rating Co., Ltd. Shanghai Far East became a Xinhua Finance partner company in 2003 and the first China member of The Association of Credit Rating Agencies in Asia in December 2003. Capitalizing on the synergy between Xinhua Finance and Shanghai Far East, Xinhua Far East's rating methodology and process blend unique local market knowledge with international rating standards. Xinhua Far East is committed to provide investors with independent, objective, timely and forward-looking credit opinions on Chinese companies. It aims to help investors differentiate the credit risks among the corporations in China, thereby, cultivating their awareness and promoting information disclosures and transparency in China market. For more information, see http://www.xfn.com/creditrating . About Xinhua Finance Limited Xinhua Finance Limited is China's unchallenged leader in financial information and media, 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 four focused and complementary service lines: Indices, Ratings, Financial News and Investor Relations. Founded in November 1999, the Company is headquartered in Shanghai with 21 news bureaus and offices in 18 locations across Asia, Australia, North America and Europe. For more information, please visit http://www.xinhuafinance.com . About Shanghai Far East Credit Rating Co., Ltd Shanghai Far East Credit Rating Co., Ltd. is the first and leading professional credit rating company with comprehensive business coverage in China. It is an independent agency established by the Shanghai Academy of Social Sciences with the mission to develop internationally accepted standards for capital market in China. The company is a pioneer in conducting bond-rating business in China. For years, it has been authorized by the Shanghai branch of the PBOC to undertake loan certificate credit rating. Since establishment, it has rated over 1,000 corporate long-term bonds and commercial papers, based on the principles of objectivity, fairness and independence. The company has also maintained over 50% market share in the loan certificate-rating sector in Shanghai for three consecutive years. With its strong local presence and knowledge, it provides investors with unique and the most insightful credit opinion. For more information, see http://www.fareast-cr.com . For more information, please contact: Hong Kong Joy Tsang Corporate & Investor Communications Director Xinhua Finance Tel: +852-3196-3983 or +86-21-6113-5999 Fax: +852-9486-4364 Email: joy.tsang@xinhuafinance.com US David Leeney Taylor Rafferty (IR/PR Contact in US) Tel: +1-212-889-4350 Email: david.Leeney@taylor-rafferty.com SOURCE Xinhua Far East China Ratings
2007'02.01.Thu
Crown to Open New Beverage Can Facility in Cambodia

February 24, 2006

PHILADELPHIA, Feb. 24 /Xinhua-PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) (Crown), a leading supplier of packaging products worldwide, announced today that its subsidiary, CROWN Asia Pacific Holdings Ltd will construct a new wholly-owned beverage can production facility in Cambodia. Located in the suburbs of the capital city Phnom Penh and close to local customer filling plants, the plant will have an annual production capacity of approximately 500 million two-piece, 33cl aluminum beverage cans. Commercial production is scheduled to begin by mid 2007. "We are excited to be moving forward with a new beverage can plant to serve the Cambodian market," commented William H. Voss, President of Crown's Asia Pacific Division. "Our beverage cans have been imported into Cambodia at an accelerating rate over the last few years and the market there for soft drinks and beer continues to grow rapidly. We have been producing beverage cans in South East Asia for over 30 years and this is a natural extension of our commitment to support the growing needs of our global and regional customers and to help them continue to build their brands." With this investment, Crown will operate ten 2-pc beverage can plants in Asia -- four in China and six plants in South East Asia with two in Vietnam (Ho Chi Minh City and Hanoi) and one plant each in Malaysia, Singapore, Thailand and Cambodia. About Crown Holdings, Inc. Crown Holdings, Inc., through its affiliated companies, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, PA. For more information, please contact: In Asia: Jozef Salaerts Senior Vice President - South East Asia; Tel: +65-6229-4881 Email: jozef.salaerts@crowncork.com.sg For investors: Timothy J. Donahue Senior Vice President - Finance, Tel: +1-215-698-5088 SOURCE Crown Holdings, Inc.
2007'02.01.Thu
InterContinental Hotels Group to Manage World's Tallest Hotel in Nanjing

February 24, 2006

* New four-hotel deal with Shanghai Greenland Group adds more than 1,400 rooms across Nanjing, Xi'an and Shanghai * Includes world's tallest hotel, InterContinental Nanjing * Follows recent six-hotel Sichuan deal to further reinforce leadership position SHANGHAI, China, Feb. 24 /Xinhua-PRNewswire/ -- InterContinental Hotels Group announced the signing of four new management contracts with Shanghai Greenland Group, one of the top three real estate and property management companies in China. The deals include an InterContinental hotel in Nanjing which will be the world's tallest hotel, one Holiday Inn property in Xi'an and two Express by Holiday Inn hotels in Shanghai, representing a total of more than 1,400 rooms. Andrew Cosslett, chief executive, InterContinental Hotels Group, stated, "This latest signing with Greenland Group comes hot on the heels of our landmark six-hotel signing in Sichuan with the Chengdu International Exhibition & Convention Group. These back-to-back multiple-property deals with China's leading property developers clearly illustrate our owners' and partners' trust and confidence in us and cement our position as the leading international hotel company in China. We are extremely optimistic about the outlook for the region." Added Edmond Ip, InterContinental Hotels Group's chief operating officer for North Asia, "This is an exciting time for us. We are sustaining strong growth in China and have been given the opportunity to work with some of the largest and most respected partners in the country. Shanghai Greenland Group is among the top three real estate conglomerates in China and our partnership with them, on multiple properties and hotel brands, is a great honour that reflects their confidence in our ability to deliver exceptional business results." Zhang Yu Liang, president, Shanghai Greenland Group, said: "The Greenland Group is in the midst of a nation-wide expansion and we have great confidence in our cooperation with the InterContinental Hotels Group. Their understanding of the Chinese market, consistently strong growth and broad portfolio of brands catering to different market segments makes them the ideal hotel partner for our newest and most impressive developments." The scheduled openings will comprise the following hotels: In Nanjing, the gateway to southeastern China and a historic city that is today one of the fastest-developing in Asia Pacific: -- InterContinental Nanjing, a 450-room luxury hotel located within the proposed Nanjing International Financial Center, which will be the world's tallest hotel. The hotel will offer top-notch conference and business facilities, three food and beverage outlets, spa and pool. Scheduled to open in 2010. In Xi'an, a prosperous and rapidly growing city that is home to the famous Terracotta Warriors: -- Holiday Inn Greenland Xi'an, a 380-room mid-scale hotel located in the proposed Xi'an Hi-tech Development Zone, approximately five kilometres from the city centre. Facilities will include extensive meeting facilities, a range of food and beverage outlets, health club and pool . Scheduled to open in 2007. In Putuo and Minghang, two of Shanghai's newest industrial and commercial districts, which attract international companies in the high-tech, light industrial and logistics sectors: -- Express by Holiday Inn Putuo Shanghai, a 230-room convenience-sector hotel located close to the express city train station and a major shopping mall. Scheduled to open in late 2006. -- Express by Holiday Inn Minghang Shanghai, a 350-room convenience-sector hotel in the newly-developed Minghang residential district west of Shanghai. Scheduled to open in early 2007. Since embarking on its nation-wide strategy in 2001, Shanghai Greenland Group has developed successful properties in numerous cities across China, including Nanchang, Hefei, Changchun, Nanjing, Chengdu, and Xi'an. Headquartered in Shanghai, the Group has received the coveted "A" rating from the Ministry of Construction and is widely regarded as a leader in real estate market research, design and development. Note to Editors InterContinental Hotels Group PLC of the United Kingdom (LON: IHG; NYSE: IHG (ADRs)) is the world's largest hotel group by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, almost 3,600 hotels and 539,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental(R) Hotels & Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, Holiday Inn Express(R), Staybridge Suites(R), Candlewood Suites(R) and Hotel IndigoTM, and also manages the world's largest hotel loyalty programme, Priority Club(R) Rewards. Asia Pacific is the fastest growing region for InterContinental Hotels Group worldwide. The Group's portfolio in this region includes more than 160 hotels and over 44,000 guest rooms under the InterContinental(R) Hotels & Resorts, Crowne Plaza(R) Hotels & Resorts, Holiday Inn(R) Hotels and Resorts, and Express by Holiday Inn(R) brands. InterContinental Hotels Group offers information and online reservations for all its hotel brands at http://www.ichotelsgroup.com and information for the Priority Club Rewards programme at http://www.priorityclub.com . For the latest news from InterContinental Hotels Group, visit our online Press Office at http://www.ihgplc.com/media . For further press information and photos, please contact: Sharona Tao Brand Public Relations & Communications Manager, Greater China InterContinental Hotels Group Tel: +86-21-2893-3309 Fax: +86-21-2893-3399 Email: sharona.tao@ichotelsgroup.com SOURCE InterContinental Hotels Group
2007'02.01.Thu
Xinhua Far East China Ratings Downgrades the Issuer Rating of SGIS Songshan to BB-

February 23, 2006

HONG KONG, Feb. 23 /Xinhua-PRNewswire/ - Xinhua Far East China Ratings (Xinhua Far East) today downgraded the issuer credit rating of SGIS Songshan Co Ltd (`SGIS' or `the Company', SZ 000717) from BB to BB-. Its rating outlook was changed to negative. The downgrade was prompted by Xinhua Far East's view about the adverse impact on SGIS' credit profile of a more difficult operating environment. Xinhua Far East also notes that SIGS' worse-than-expected results in 2005 reflected its weakness in product mix and operating scale, and expects its performance to stagnate in the adverse market. The downgrade also reflected the company's aggressive financial policy and its limited financial flexibility. Xinhua Far East believes the Chinese steel sector is still experiencing a downturn, prompting the outlook for the next couple of years to be poor. Aggressive capital expansion over past few years translated into oversupply in 2005. As a result, steel prices declined significantly, for not only long products, but also the previously import-dependent flat products. In contrast, the prices for raw materials, including iron ore and coal, remain at high levels, squeezing the profits of steelmakers who are unable to pass the price rises through to consumers. Xinhua Far East expects the adverse conditions in the steel sector in China will worsen, given the heavy capacity release and falling growth rates in demand from related downstream industries. Xinhua Far East also anticipates mergers and acquisitions will become more frequent in China's still fragmented steel sector, a development, which would further challenge the performance of smaller players like SGIS. SGIS' mainly low-value added products and its relatively small operating scale make it very susceptible to market risks in downturn periods. In the first three quarters of 2005, SGIS' operating cash flow fell remarkably, as large amounts of working capital were tied up with mounting inventory. In the meantime, its net profit fell 53.2% year-on-year, partly due to the lower tax rebate benefit but also resulting from its sluggish performance. Moreover, Xinhua Far East is concerned that the company's poor performance will worsen, especially considering the challenging operating environment. Xinhua Far East also notes that SGIS employed an aggressive financial policy, which led to escalating debt levels. Over the past few years, SGIS invested heavily in improving production, but most capital expenditure was financed with short-term debt due to the pending issuance of convertible bonds. As a result, SGIS has accumulated substantial amounts of bank loans, which stood at RMB 5.58 billion as of September 30, 2005. Of this, short-term debt accounted for as much as 79.8%. Accordingly, SGIS' gross debt to total capital rose from 36% in 2003 to 51.6% by the end of September 2005. Xinhua Far East expects SGIS' newly completed capacity and the possible issuance of convertible bonds will not boost the company's performance materially or improve its credit profile. In fact, in Xinhua Far East's view, SGIS' financial flexibility deteriorated significantly, given its high debt level, negative net working capital, and limited cash reserves. Xinhua Far East believes it will be difficult for the company to reverse its weak financial profile in a couple of years. The rating outlook for SGIS is negative considering the gloomy market conditions. SGIS Songshan Co Ltd is a small-to-medium sized steel producer in China. The company's core products fall into deformed bar, wire rod and medium plate. In 2005, SGIS Songshan produced 3.39 million tons steel products. SGIS Songshan (SZ A 000717) is a constituent of the Xinhua/ FTSE China 200 Index. As of market close on February 22, 2006, its total market capitalization and investible capitalization were RMB 3.63 bn and RMB 2.73 bn respectively. For the rating report summary, please visit http://www.xinhuafinance.com/creditrating . About Xinhua FTSE China 200 Index Xinhua FTSE China 200 Index is the large cap index in the Xinhua FTSE China A Share Index Series and includes the top 200 companies in China by market cap. It is designed as a tradable index and is calculated in real-time every 15 seconds. For daily data and further information, see http://www.xinhuaftse.com . About Xinhua Far East China Ratings Xinhua Far East China Ratings (Xinhua Far East) is a pioneering venture in China that aims to rank credit risks among corporations in China. It is a strategic alliance between Xinhua Finance (TSE Mothers: 9399), and Shanghai Far East Credit Rating Co., Ltd. Shanghai Far East became a Xinhua Finance partner company in 2003 and the first China member of The Association of Credit Rating Agencies in Asia in December 2003. Capitalizing on the synergy between Xinhua Finance and Shanghai Far East, Xinhua Far East's rating methodology and process blend unique local market knowledge with international rating standards. Xinhua Far East is committed to provide investors with independent, objective, timely and forward-looking credit opinions on Chinese companies. It aims to help investors differentiate the credit risks among the corporations in China, thereby, cultivating their awareness and promoting information disclosures and transparency in China market. For more information, see http://www.xfn.com/creditrating . About Xinhua Finance Limited Xinhua Finance Limited is China's unchallenged leader in financial information and media, 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 four focused and complementary service lines: Indices, Ratings, Financial News and Investor Relations. Founded in November 1999, the Company is headquartered in Shanghai with 21 news bureaus and offices in 18 locations across Asia, Australia, North America and Europe. For more information, please visit http://www.xinhuafinance.com . About Shanghai Far East Credit Rating Co., Ltd Shanghai Far East Credit Rating Co., Ltd. is the first and leading professional credit rating company with comprehensive business coverage in China. It is an independent agency established by the Shanghai Academy of Social Sciences with the mission to develop internationally accepted standards for capital market in China. The company is a pioneer in conducting bond-rating business in China. For years, it has been authorized by the Shanghai branch of the PBOC to undertake loan certificate credit rating. Since establishment, it has rated over 1,000 corporate long-term bonds and commercial papers, based on the principles of objectivity, fairness and independence. The company has also maintained over 50% market share in the loan certificate-rating sector in Shanghai for three consecutive years. With its strong local presence and knowledge, it provides investors with unique and the most insightful credit opinion. For more information, see http://www.fareast-cr.com . For more Information, please contact: Hong Kong Joy Tsang Corporate & Investor Communications Director Xinhua Finance Tel: +852-3196-3983 or +86-21-6113-5999 Fax: +852-9486-4364 Email: joy.tsang@xinhuafinance.com US David Leeney Taylor Rafferty (IR/PR Contact in US) Tel: +1-212-889-4350 Email: david.Leeney@taylor-rafferty.com SOURCE Xinhua Far East China Ratings
2007'02.01.Thu
Ekahau Announces New Enterprise-Grade Site Survey Version

February 23, 2006

Ekahau Site Survey 2.2 Improves Performance 10x and Adds Multi-Language Support
SARATOGA, Calif., Feb. 23 /Xinhua-PRNewswire/ -- Ekahau Inc., the industry leader in providing a Wi-Fi based Real Time Location System (RTLS) solution and Site Survey tools, today announced the new version 2.2 of Ekahau Site Survey (ESS). The updated version can now provide large enterprises with better survey capabilities for large-scale networks. Ekahau Site Survey 2.2 includes an optimized network planning algorithm that delivers simulation and network planning that is more than 10 times faster than in previous versions. The new release also introduces enhanced device support for quicker, more accurate surveying of dense networks consisting of hundreds of access points. In short, network design, verification and troubleshooting are now even quicker than before. Ekahau Site Survey 2.2 is currently available in an English language version, and, by March, it will be available in French, German, Italian, Spanish, and Portuguese. "By offering a localized version of ESS, Ekahau makes professional Wi-Fi tools available to users that prefer using native language in the user interface and documentation. Combining the native language with the clear user interface makes ESS the easiest to use site survey tool in the Wi-Fi market worldwide," said Arttu Huhtiniemi, Ekahau's director of Product Management. Ekahau Site Survey is the only available Wi-Fi design and verification tool which combines the whole 802.11 deployment into an all-in-one solution: from planning and surveying, to troubleshooting and reporting. Unlike other site survey tools, ESS assumes that RF is never static, and thus allows for simulating various changes in the RF environment, such as density of the client devices. IT Managers, especially, see value in the ESS monitoring and troubleshooting features. Layer one security and client-side RF verification, for example, cannot be monitored by the WLAN switch, or corrected by 'Auto-RF' features. ESS provides visual capabilities in a stunning user interface that is well-known for its intuitive approach. The ESS software family is designed for IT Managers, system integrators, professional service groups -- anyone who has to deal with 802.11 installations and management. The ESS plays a major role when deploying Wi-Fi based RTLS solutions such as Ekahau RTLS. There are three optional modules available to add to Ekahau Site Survey Standard edition: Planner for off-site planning and simulation, Reporter for advanced reporting needs, and GPS for outdoor surveys. Ekahau Site Survey 2.2 is now shipping to customers. The price for the ESS Pro edition including all the optional modules is $3,695. A FREE trial version of ESS is available at http://www.ekahau.com/evaluate . About Ekahau Inc. Ekahau Inc. is the industry leader in providing Wi-Fi based RTLS solutions. Ekahau's customers, including several Fortune 500 companies worldwide, are realizing the benefits of Wi-Fi-based location services, and innovative Wi-Fi network planning and optimization tools. Ekahau partners include wireless software developers, leading system integrators, and international OEM partners, who develop and market wireless enterprise applications. For more information about Ekahau, please visit at http://www.ekahau.com . Ekahau(TM), Ekahau Positioning Engine(TM), Ekahau Site Survey(TM), Ekahau T201 (TM), Ekahau RTLS (TM), Ekahau Finder(TM), Ekahau Tracker(TM) and the Ekahau logo are trademarks or registered trademarks of Ekahau. Other product and company names may be trademarks or trade names of their respective owners. For more information, please contact: Ekahau Public Relation Contacts: Europe Nina Mattsson, Sr Manager, Worldwide Marketing & PR Tel: +358-20-743-5921 Email: marketing@ekahau.com Jussi Kiviniemi, Product Manager Tel: +358-20-743-5933 Email: products@ekahau.com United States Juliet Travis, Rocket Science PR Tel: +1-415-464-8110 x5 Email: juliet@rocketscience.com SOURCE Ekahau Inc.
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