ASIANET: PR NEWSWIRE INVESTS IN XINHUA FINANCIAL NEWS

NEW YORK, Dec. 15 /PRNewswire - AsiaNet/ -- PR Newswire today announced an investment in Chinas Xinhua Financial News and soon will funnel significant portions of companies corporate financial information from China to audiences worldwide.

"We believe this investment helps to open broader avenues of communications with and for the rapidly expanding Chinese economy," said John M. Williams, PR Newswires executive vice president of global markets. "It is a first for our industry and we expect it to succeed famously.

Xinhua Financial News is the most comprehensive creator, aggregator and provider of real-time financial news and market data in China, and we are pleased and fortunate to become part of the team. This investment and the business programs and services to be introduced are in keeping with PR Newswires plan to offer its services wherever and whenever they are needed, he added.

XFN has exclusive access to the information generated by its parent company, the Xinhua News Agency, which is the Chinese governments official news agency and XFNs major shareholder.

Ms. Fredy Bush, chief operating officer of XFN, said PR Newswires investment will help the company expand beyond China into new markets.

PR Newswire's access to more than one million analysts, brokers and others in the financial community worldwide will provide Chinese private entities the perfect medium for raising funds to grow their businesses and gain international exposure, Bush said.

Xinhua Financial News is proud to be partnering with such a highly regarded news dissemination organization with global reach.

XFN, based in Hong Kong and with an operations center in Beijing, distributes real-time financial news and market data to its global clientele via leased line, satellite and the Internet in English and Chinese. Generating over 600 financial news articles per day, it also aggregates financial information from sister publications in China as well as other sources such as government agencies and commentaries from leading academics from various educational institutions. XFN has a combined staff of 160 based in Hong Kong and Beijing to analyse, aggregate, edit, translate and create financial news articles and information.

PR Newswire is the world leader in the distribution of full-text news releases, photos and multimedia broadcasts on behalf of corporations, agencies and other newsmakers. Its real-time news release file can be found on the Internet at http://www.prnewswire.com.

ABOUT XINHUA FINANCIAL NEWS

Xinhua Financial News, http://www.xfnn.com, was founded in 2000 by the Xinhua News Agency and international investors. The company is an independent financial news entity with an international management team made up of Ma Yung Sheng, Chairman, Wang Yu, Chief Executive Officer based in Beijing, and Fredy Bush, Chief Operating Officer, and Jae Lie, Executive Vice President, based in Hong Kong.

ABOUT PR NEWSWIRE

PR Newswire, http://www.prnewswire.com, provides comprehensive communications services for public relations and investor relations professionals ranging from information distribution and market intelligence to the creation of online multimedia content and investor relations web sites. Its world-leading dedicated newswire, Internet, satellite and fax network is capable of pinpoint or mass distribution, satisfying the growing global demand for the immediate delivery of news releases, video, audio and photos to the media, financial community and consumers.

CONTACT: In New York: Renu Aldrich, PR Newswire, Director of Public Relations, 212-282-1929, 800-503-2654 (pager), [email protected]. In Hong Kong: Eric K. Rhodes, Xinhua Financial News, Vice President of Corporate Communications, 852-3102-3903, [email protected].