Press Release Source: China Cable and Communication, Inc.
China Cable and Communication, Inc. Retains The Investor Relations Network to Direct Financial PR Programs
Tuesday July 15, 9:00 am ET
HONG KONG, July 15 /PRNewswire-FirstCall/ -- China Cable and Communication, Inc. (OTC Bulletin Board: CCCI - News) today announced that it has retained the Southern California-based Investor Relations Network and its partner affiliates to direct its global financial public relations programs.
"As we execute our business plan, and continue our goal to build a worldwide presence, we felt this was a prudent time to begin sharing with investors at every level our goals for the future," said Ray Kwan, CEO of CCCI.
"We intend to grow this company rapidly, and to maximize the return for our shareholders. As part of that process, we have retained the Investor Relations Network and its partner companies to better position us within the investment community.
"We are especially pleased that the head of the Investor Relations Network, Tom Gavin, was formerly a key officer with the nation's largest financial PR firm, The Financial Relations Board, as well as a senior communications executive with current and former Fortune 500 companies such as General Dynamics, Eastern Airlines, Gulf Oil and Kennecott Copper.
"We are honored to be working with China Cable and Communication," said Gavin. "The U.S. stock market's strong and growing recognition of the value of Chinese companies, along with the momentous events of November 2001, when China and Taiwan became part of the World Trade Organization, are important harbingers of what's to come in the years ahead."
The Investor Relations Network is a full-service financial public relations partnership, with headquarters in Corona, California, and additional partner offices in Irvine, Los Angeles and New York City. It provides investor relations and corporate communications programs for publicly traded and pre-IPO firms nationwide.
CCCI currently has a 49% ownership in a cable TV transmission company with more than 200,000 subscribers in a market with a population of more than 10 million. The company currently offers 39 channels within the Baoding city limits and eight additional channels to outer areas in the Baoding metropolitan area. It transmits in both analog and digital over its fiber optic network and through 22 substations. In addition to its cable television transmission services, the joint venture also offers Internet access, and anticipates that it will be able to offer value added services such as broadband Internet access, virtual private network and bulk data transmission services by the end of 2003.
The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review risks described in other documents the company files from time to time with the Securities and Exchange Commission, including the annual report on Form 10-KSB for the fiscal year ended October 31, 2002, as well as the quarterly reports and current reports on Form 8-K by the company.
--------------------------------------------------------------------------------
Source: China Cable and Communication, Inc. |
