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To: Ie Coan Bie who wrote (110159)	11/18/1999 8:24:00 AM
From: Ie Coan Bie	Read Replies (3) \| Respond to of 119973

ACEI, new china stock plays Thursday November 18, 7:30 am Eastern Time Company Press Release SOURCE: American Champion Entertainment ACEI Taps into Untapped Chinese Market Through the Intended Acquisition of Great Wall International Sports Media Company SAN JOSE, Calif., Nov. 18 /PRNewswire/ -- American Champion Entertainment (Nasdaq: ACEI - news) is progressing with contract negotiations with the Great Wall International Sports Media Company of Beijing, China (``Great Wall') to acquire 80% controlling interest of Great Wall through an exchange of stock. The President and CEO of ACEI, Anthony Chan, announced today on the heels of the news of the U.S./China trade agreement reached Monday, that both sides have made strides in furthering detail negotiations on the proposed acquisition which will enable ACEI to tap into the commercial sports market in China. Great Wall focuses on promotion of international sports events during which revenues are generated from advertisers, sponsors and television broadcast licenses. The trade agreement between the two countries promises easier entrance into the Chinese market by reduction of key tariffs and removal of other trade barriers. China, with a population of 1.2 billion and a fast growing economy, is considered one of the most potentially lucrative markets in the world. As indicated by its early foothold into China, ESPN currently broadcasts sports programs to over 21 million cable equipped homes. ACEI believes its intended acquisition of Great Wall is a sound strategic move into this growing market. ACEI's unique advantage with its close connections to U.S. sports celebrities and personnel, coupled with Great Wall's sports promotion can form a strong alliance to exploit the Chinese desire for western