SHANGHAI, China, Sept. 5 /Xinhua-PRNewswire/ -- China Cablecom Holdings, Ltd. ("China Cablecom") (Nasdaq: CABL; CABLW; CABLU), a joint-venture provider of cable television services in the People's Republic of China (PRC), today announced that the Company will attend SIG's Second Annual Beijing Management Summit to be held at the Grand Hyatt Hotel in Beijing, China, from Wednesday, September 10 to Friday, September 12, 2008.
Mr. Pu Yue, Chief Executive Officer and Mr. Colin Sung, President and Chief Financial Officer, will be available to participate in one-on-one meetings with conference attendees throughout the three-day event.
To schedule meetings with China Cablecom's management team in advance of the conference, please contact Debra Chen at +1-212-888-8890.
About China Cablecom Holdings
China Cablecom Holdings is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog & digital cable services. China Cablecom recently consummated an agreement to acquire a 60 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 800,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs owned directly or indirectly by local branches of SARFT in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 22 cable networks with over 1.2 million paying subscribers and is party to an agreement to acquire 800,000 additional subscribers in Hubei province. China Cablecom Holdings’ strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks it operates.
Safe Harbor Statement
The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company’s other written and oral reports are based on current Company expectations and are subject to risks and uncertainties, which could cause actual results to differ materially. Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained herein. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements herein speak only as of the date stated herein and might not occur in light of these risks, uncertainties, and assumptions. China Cablecom Holdings undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider these factors as well as the additional risk factors outlined in the filings that China Cablecom Holdings makes with the U.S. Securities and Exchange Commission, including the Registration Statement on Form S-1 filed on April 18, 2008.
