Let's look at this interesting PR again. Now who's "in negotiations" with CHCL, HITT or LFT?? Have I missed something?
Tuesday March 7, 11:10 am Eastern Time
Company Press Release
SOURCE: China Continental, Inc.
China Continental in Discussions for Joint
Venture in B2B Portal for Asia
HONG KONG, March 7 /PRNewswire/ -- China Continental, Inc. (OTC Bulletin Board: CHCL - news) announced today that it is in discussions with Life Foundation Trust to create a joint venture to launch a business-to-business (B2B) portal for Asia.
This joint venture is consistent with the Company's new aggressive program to expand its business operations internationally. The purpose of the proposed B2B portal is to provide businesses in Indonesia, Malaysia, Pakistan and China the ability to conduct transactions with each other via a secure Web site, allowing greater access to markets in these countries.
China Continental believes that this innovative move furthers the Company's strategy to become a leading pan-Asian portal, offering regional data, Internet and e-commerce services and solutions.
``China Continental has always pursued profitable innovative business opportunities. The Internet industry in Asia is still fledgling compared to the mature markets in the western world. We believe that this industry offers us significant
market opportunities,' states Mr. Harry H.H. Ho, Chairman of China Continental, Inc.
Life Foundation Trust is a US-based international trust with several offices throughout the United States and additional offices in Asia. With the finalization of the joint venture, China Continental expects to increase its presence in the US securities market.
About China Continental, Inc.
China Continental, Inc., traded on the OTC Bulletin Board market since 1995, is a holding company with over ten years of experience in developing turnkey businesses. Core activities include supplying manufacturing technology on
a turnkey basis, high technology manufacturing techniques in primary industries, and developing and providing technologies in agricultural genetics and farming. The Company's agricultural genetics and farming activities are centralized in the Inner Mongolia Province of China, covering an area of 406 square kilometers to commercialize its genetic techniques in breeding as well as propagating superior livestock and products in its own Research and Development Institute.
Safe Harbor Statement
Except for the historical statements made herein, the statements made in this release are forward-looking statements, including, ``it is in talks with Life Foundation Trust to create a joint venture to launch a
business-to-business (B2B) portal for Asia,' ``the Company's new aggressive program to expand its business operations internationally,' ``this innovative move furthers the Company's strategy to become a leading pan-Asian
portal,' ``We believe that this industry offers us significant market opportunities' and ``China Continental expects to
increase its presence in the US securities market.' Risk factors that could cause actual results to differ materially
from those projected in forward-looking statements include, but are not limited to, the Company's ability to finalize the
terms of the proposed joint venture, capitalize on diversification opportunities, government approvals, financing,
general business conditions, managing growth, and political and other business risks. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission.
SOURCE: China Continental, Inc. |
