LAS VEGAS, May 29 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc. (OTC Bulletin Board: CHHL) and its subsidiaries engage in multiple China- focused business activities including pharmaceutical, real estate, utilities, energy and finance, announced today the Company’s updated Advanced Hydropower Renewable Energy Strategy & Plan in China, or/and worldwide.
China Holdings, Inc. and its controlled subsidiary, China Power, Inc., will focus on business activities and investments in Hydropower Plants and companies in China, or/and worldwide, and will reach a total hydropower capacity from 150,000 KW to 1,000,000 KW (kilowatt) annually in next 1-4 years via Merger & Acquisition (M&A), Joint-Venture Partnerships with Hydropower Plants and companies in China, or/and worldwide. The annual hours for every kilowatt-hour (kWh) of electricity produced by a hydropower plant in China varies from 3000+ hours to 5000+ hours approximately.
The Company’s Advanced Hydropower Renewable Energy Strategy & Plan will enhance the technical, social, and environmental benefits of hydropower and provide investment and business activities in the cost-competitive hydropower capacity energy supply in China and worldwide, and also increase its worldwide shareholders values in the long term.
Hydropower, the energy of flowing water, is the most readily available, renewable, and clean domestic source of electricity in China and worldwide. It is available in most parts of China, and worldwide that have high rainfall and mountainous areas. In terms of total production, hydropower is China’s leading renewable energy resource; it is more reliable and efficient and less expensive than geothermal, biomass, wind, and solar energy. Most importantly, it is a clean source of power -- it produces no carbon dioxide, sulfur dioxide, nitrous oxides, or any other air emissions. In addition, it produces no solid or liquid wastes. Hydropower is also one of the least expensive sources of electricity in China, and worldwide. For every kilowatt-hour (kWh) of electricity produced by a hydropower plant, only $0.6 cents is needed to finance its operation and maintenance. By comparison, these costs at nuclear and coal plants are $2.2 cents/kWh and $2.1 cents/kWh, respectively. Reservoirs at hydropower projects have a large recreational value; they are extensively used for fishing, boating, water skiing, and swimming. They offer expanded habitats for fish, ducks, geese, pelicans, eagles, and ospreys. They also provide storage for water supplies and help control floods, minimizing soil erosion. Recreational opportunities almost always increase where hydropower is developed. An important advantage of hydroelectric dams for power production is that generation patterns can be easily controlled and the release pattern can be made to fit the changing levels of demand for electricity.
According to China Energy Research Institute’s 2006 update report, China’s Hydropower implementation and development has reached its power capacity for 115GW in 2005. China Hydropower Capacity will reach for a total of 180 GW in 2010 Year, and 300 GW in 2020 Year.
The Company’s objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China, or/and worldwide, or/and which derive a significant part of their revenue from China, or/and worldwide.
About China Holdings, Inc.
China Holdings, Inc. (NASD 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 pharmaceutical, real estate, utilities, energy and finance. Its objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China, or/and worldwide, or/and which derive a significant part of their revenue from China, or/and worldwide.
The Company has two wholly-owned subsidiaries: (i) China Power, Inc., and (ii) China Health Holdings, Inc.
About China Power, Inc.
China Power Inc., a wholly owned subsidiary of China Holdings, Inc, is a development stage company with the goal of becoming a global leading energy holding corporation, that focuses on the Merger & Acquisition, investment, Research & Development, construction and operation of energy, and renewable energy, and environment protection projects in China and worldwide.
About China Health Holdings, Inc.
China Health Holdings, Inc. a wholly owned subsidiary of China Holdings, Inc., is a development stage company with the goal of becoming a leading developer, manufacturer, marketer and distributor of pharmaceutical drugs and dietary supplements in China and worldwide. The Company’s main objective is to partner with CHINA -- SFDA approved drug producers, GMP certified manufacturing facilities, research and development centers and universities in China. The Company’s goals for 2007-2009 include the profitable penetration of the Chinese pharmaceutical industry by merger and acquisition (M&A) leading pharmaceutical companies in the China. The Company’s strategy is to leverage synergies, integrate drug pipelines and distribution channels, and management expertise between pending pharmaceutical acquisitions.
For worldwide investor and media inquiries, please contact:
China Holdings, Inc., Las Vegas
Julianna Lu
Chief Executive Officer
Tel/Fax: +86-10-6586-4790 (China)
+1-604-608-6788 (North America)
Mobile: +86-1370-133-1287 (China)
Email: info@chinahealthholding.com
Ogilvy Public Relations Worldwide
Mr. Rory Macpherson
Senior Associates
Tel: +86-10-8520-6553
Email: rory.macpherson@ogilvy.com
Safe Harbor Statement: To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company’s development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company’s industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company’s stock; and the risk factors set forth from time to time in the Company’s SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements in all of the Company’s press releases to reflect events or circumstances after the date hereof.
