LAS VEGAS and BEIJING, Feb. 11 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc. (OTC Bulletin Board: CHHL; the "Company"), a global diversified assets holdings company, and its subsidiaries engage in multiple China-focused business activities including energy, renewable energy, resources, finance, real estate, utilities and pharmaceuticals, announced today the interview of the Company's CEO, Julianna Lu, by Wall Street Reporter, New York, as follows:
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. is a development stage company with the goal of becoming a diversified global assets holdings 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 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.
The Company has three wholly- owned subsidiaries: (i) China Power, Inc., and (ii) China Minerals Holdings, Inc., and (iii) China Health Holdings, Inc. For the Company's profile, please feel free to visit the website: http://www.chinaholding.net .
About China Power, Inc.
China Power Inc., a controlled subsidiary of China Holdings, Inc., is a development stage company with the goal of becoming a global leading energy & renewable energy holding corporation, which focuses on Merger & Acquisition, Joint-Venture Partnership, Investment, Research & Development, Construction and Operation of energy, and renewable energy, and environment protection projects in China and worldwide. The Company is developing its Renewable Energy Projects & Pipeline in Biomass Energy Projects & Hydropower Plants to reach the Total Potential Power Capacity from 150 MW to 3200 MW in 2008 - 2013. The Company's Advanced Renewable Energy Strategy & Plan in Hydropower Plants and Biomass Energy Projects will enhance the technical, social, and environmental benefits and provide investment and business activities in the cost-competitive biomass energy and hydropower capacity energy supply in China and worldwide, and also increase its worldwide shareholders values in the long term.
For worldwide investor and media inquiries, please contact:
Wall Street Reporter Magazine (New York)
Jack Marks, CEO & Publisher
(212) 363-2600, ext. 260
http://www.WallStreetReporter.com
China Holdings Inc. (Las Vegas and Beijing)
Julianna Lu, Chief Executive Officer
+86-10-6586-4770
http://www.chinaholding.net
info@chinaholding.net
lujulianna@yahoo.com
Forward-Looking Statements
To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, projections of results of specific activities or investments, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, economic performance and trends, 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, 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. 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; government policies, 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.
