NEW YORK, Feb. 8, 2008 (PRIME NEWSWIRE) -- As the new year dawns in China, the CEO of China Holdings Inc. (OTCBB:CHHL) tells Wall Street Reporter how her company is capitalizing on the "massive" business opportunity emerging as China's massive population investigates alternative energy technologies to fuel their booming economy.
"In China, everybody is looking for alternative energy," Julianna Lu tells in an exclusive audio interview featured at wallstreetreporter.com. According to Ms. Lu, China Holdings is targeting 3200 MW of power capacity -- enough to power three million households -- in biomass energy and hydropower electricity projects by 2013.
Other highlights of the interview include:
-- The competitive outlook for non-coal technologies in feeding
China's hunger for energy. "It's a new market," Ms. Lu explains.
"We will be focusing on the biomass and alternative energy
investments."
-- Plans for an IPO for China Holdings' power subsidiary in the next
six months, as well as the likelihood that the unit will turn
profitable within the next year as revenue surges from zero to a
targeted $170 million "just from biomass and hydro."
-- The company's extensive interests in vanadium, molybdenum, and
uranium assets in the context of its overall energy strategy.
-- Management's ongoing exploration of additional investment
opportunities in the metals and power industries. A hydroelectric
deal, in particular, could be finalized "at any time."
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About China Holdings Inc.
China Holdings Inc. (OTCBB:CHHL) is a development stage company with the goal of becoming a diversified global assets holding company. The company and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy, resources, finance, real estate, utilities, and pharmaceuticals. Its objective is to achieve long-term capital appreciation through investment.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.