China Finance Inc. Seeks NYSE Alternext US listing

2008-11-01 04:51 1019

NEW YORK and SHENZHEN, China, Oct. 31 /Xinhua-PRNewswire/ -- China Finance, Inc. (OTC Bulletin Board: CHFI) (the "Company"), a provider of financial support and services for China's large and rapidly expanding class of small and medium enterprises ("SMEs"), announced today that it has submitted exchange listing application materials to the NYSE Alternext US (formerly known as The American Stock Exchange) for the listing of the Company's common stock. The Company is currently quoted on the over-the-counter bulletin board. The Company's application for listing of the Company's common stock on the NYSE Alternext US is subject to review and approval by the exchange and may require substantial time and further application materials before any approval may be effective. Further, the NYSE Alternext US may not approve the Company's request for listing on the exchange.

Ms. Ann Yu, CEO of the Company, stated, "We view the possibility of being listed on the NYSE Alternext US as an opportunity for the Company to increase the potential market for its securities. We hope to use the Company's experience in the U.S. market to take advantage of opportunities to provide its services and make investments in the growing Chinese market. Our goal is to work efficiently and profitably in this economic environment while delivering significant value to our shareholders."

About China Finance, Inc.

China Finance, Inc. provides financial support and services -- primarily in the form of surety guarantees, loan guarantees, or short-term loans -- to privately owned SMEs when they seek access to capital or to be acquired by a United States reporting company. China Finance provides its services through its wholly-owned indirect subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation, which is located in the financial district of Shenzhen, China. The Company also directly invests in the equity of SMEs through its wholly-owned subsidiary, Value Global International Limited, a British Virgin Islands company.

Forward-Looking Statements

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements relating to expected operating results and future performance, as well as future events and developments, are forward-looking statements and are not historical in nature. Generally, the words "looking forward", "believe", "expect", "intend", "estimate", "anticipate", "likely", "project", "may", "will" and similar expressions identify forward-looking statements. The Company warns that any forward-looking statements in this release involve numerous risks and uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by any forward-looking statement. These risks and uncertainties include, but are not limited to, the risk that the value of our portfolio securities will decline resulting in a decline in the value of the Company's stock, we might not achieve our anticipated development milestones, the market for our services will not grow as expected and we might not achieve our expectations. If these or other significant risks and uncertainties occur, or if our underlying assumptions prove inaccurate, our actual results could differ materially. While the Company is an operating company, the Company is registered as a "closed-end" investment company under the Investment Company Act of 1940, as amended, and is subject to the types of investment risks that effect investment companies. You are urged to consider the operating and investment objectives and strategies, expenses and history of the Company, along with all risks and uncertainties noted above, and to review the risk factors and financial information about the Company available in the Company's registration statement on Form N-2, and the Company's Annual and Semi-Annual Reports and other regulatory filings accessible on the SEC's website at . In light of the uncertainty inherent in forward-looking statements, you should not consider their inclusion to be a representation that such forward-looking matters will be achieved. Moreover, pursuant to the Private Securities Litigation Reform Act of 1995, such statements speak only as of the date they were made, and the company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise. Past performance is no guarantee of future results, and like all investments, you may lose money on an investment in the Company's stock.

Source: China Finance, Inc.
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