MONTREAL, June 12, 2007 (PRIME NEWSWIRE) -- News of China Inc., (OTCBB:NWCH) an online financial media for researching China based publicly traded companies, announced today the board of directors has unanimously agreed to open a new branch office in Beijing, China, the firm's first overseas office.
"Opening a new office in Beijing which is the capital of China will allow us to better serve our growing base of clients in mainland China," commented Chenxi Shi, CEO and President of NWCH.
It takes approximately 2 months to complete the registration with the local Commerce and Industry Bureau. The primary business for the new branch office will be management consulting targeting on small-to-medium-sized Chinese companies.
News of China, Inc.
www.newsofchina.com is a financial portal website focused on news and performances of publicly traded China-related companies. News of China, Inc. also provides consulting services including management and listing advice to small-to-medium-sized Chinese enterprises. For more details please visit www.newsofchina.com.
This press release contains statements, which may constitute "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of News of China, Inc. and its management as well as assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.