CEO to Discuss Her Upcoming Presentation at the Asia Bulk Liquid Storage, Transportation and Terminals Conference and the Company's Recent
High-value Energy Industry Acquisitions in China
LAS VEGAS and BEIJING, Aug. 23 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc. (OTC Bulletin Board: CHHL), a China-based diversified global asset holding company which engages in multiple China-focused business activities, including pharmaceuticals, real estate, utilities, energy and finance, today announced that the Company's Chief Executive Officer, Julianna Lu, will be interviewed by the Wall Street Reporter on Thursday, 8/23/2007 at 9:30pm U.S. Eastern Time.
An audio replay will be available within 48 hours and can be heard in its entirety by visiting the Company's website at http://www.chinaholdings.net or the Wall Street Reporter website at http://www.wallstreetreporter.com and entering the Company's name in the "Search Site" box at the upper right corner of the homepage.
Ms. Lu will be discussing current trends in the Chinese energy market, her upcoming presentation at the Asia Bulk Liquid Storage, Transportation and Terminals Conference in Singapore, and recent significant acquisition agreements by China Holding's wholly-owned subsidiary, China Power, Inc., including:
-- The definitive agreement to acquire 100% of Hunan Zhangjiajie
Chalinhe Electric Power Co., Ltd and its 72 megawatt Chalinhe
Hydropower Plant, located in the middle reaches of the Lishui River,
Hunan Province, China. The total expected current annual power
generating capacity is currently 280 million kilowatt hours with
expected current annual revenues of approximately USD $12 million
and very high margins with expected annual net income of
approximately USD $11 million, based on the current contract in
effect with the China State Grid.
-- The memorandum of understanding (MOU) with Aroma International
Petroleum (HK) Co, Ltd. for a 50%/50% joint venture investment
partnership with its wholly-owned subsidiary Aroma International
Petroleum (China) to complete development of a 1.2 million cubic
meter (approximately 7.5 million barrel) oil storage facility (Tank
Farm Area) and its auxiliary facilities. There is abundant and
stable demand for petroleum products in China and the expected
capacity of the oil storage facility for all kinds of petroleum
products is 2.5 million tons (approximately 2.4 million barrels)
with an annual minimum capacity of 20 million tons (approximately 19
million barrels) to 37.5 million tons (approximately 35.7 million
barrels). In addition, both parties agreed that Aroma International
Petroleum (HK) Co. Ltd. will make a significant cash investment in
China Holdings, Inc. by purchasing approximately 30% of China
Holdings, Inc. common stock (approximately 70 million shares) from
the Company's treasury shares prior to closing.
China Holdings, Inc. and its wholly-owned subsidiary, China Power, Inc., engage in business activities and investments in electricity generation plants, and energy resource companies in China, and/or worldwide, and expects to reach a total electrical generation capacity from 150,000 kW to 1 million kW annually within the next 1-4 years, primarily through mergers and acquisitions, joint-venture partnerships with electricity plants and companies in China, and/or worldwide. The Company's Advanced Hydropower Renewable Energy Strategy & Plan is expected to improve the technical, societal, and environmental benefits of hydropower and provide investment and business activities in the cost-competitive hydropower capacity energy supply in China and worldwide, with a focus towards building the Company's long-term shareholder value.
The Company's objective is to achieve long-term capital appreciation through investments in companies and other entities with significant assets, investments, production activities, trading or other business interests in China, and/or worldwide, and/or which derive a significant part of their revenue from China, and/or worldwide.
About China Holdings, Inc.
China Holdings, Inc. (OTC Bulletin Board: CHHL) is becoming a leading diversified global asset 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, and/or worldwide, and/or which derive a significant part of their revenue from China, and/or worldwide.
The Company has two wholly-owned subsidiaries: (i) China Power, Inc., and (ii) China Health Holdings, Inc. For more information, please see the Company's website at: http://www.chinaholding.net .
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 merger and acquisitions, investments, research and development, construction and operation of energy, and renewable energy, and environment protection projects in China and worldwide. It expects to capture China's growing energy, renewable energy, and environment protection projects domestically and worldwide.
For investor and media inquiries, please contact:
China Holdings, Inc. (OTC Bulletin Board: CHHL)
Las Vegas and Beijing
Julianna Lu
Chief Executive Officer
Tel: +86-10-6586-4770
Fax: +86-10-6586-4790
Tel: +86-1370-133-1287
Email: info@chinaholding.net and/or lujulianna@yahoo.com
Website: http://www.chinaholding.net
Investor Relations International (Los Angeles)
Zachary Bryant, Vice President and Haris Tajyar Managing Partner
Tel: +1-818-382-9718
Email: zbryant@irintl.com
Safe Harbor Statement: To the extent that statements in the press release are not strictly historical, including statements related to the completion of the acquisitions, the Company's ability to fund the acquisitions, 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.
