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| 7/15/2002 11:00:02 AM ET | News Release Index
| | CXN Signs New License Agreement With LexisNexis | | | MONTREAL, July 15, 2002 -- China Xin Network Media Corporation (OTCBB:CXIN) entered into a license agreement with LexisNexis, a division of Reed Elsevier Inc., for the aggregation and distribution of its exclusive business, financial and economic content on the People’s Republic of China.
"CXN Media Corporation’s contribution of archived data and core content in daily news and business information on China will be a marvellous compliment to LexisNexis’s estimated 10,000 news and business periodical sources and Asian coverage," said CXN Chief Executive Officer Jean-Francois Amyot. "LexisNexis is a pioneer in marketing online services to the legal and tax, business and risk management fields creating revenue of approximately $300 million, as well as overall revenue of $1.9 billion contributing to the global legal division of Reed Elsevier, therefore, we are confident our content will reach an enormous amount of readers and will generate significant revenues," continued Mr. Amyot.
CXN MEDIA CORPORATION is a 'Click and Pulp' Media Company in Asia with interests in both print and electronic media. Through its exclusive agreement with the CEInet, CXN provides financial, economic and business information on the People's Republic of China. CXN's correspondents source, produce and publish the most reliable information available with the highest accuracy, integrity and speed. CXN also provides business-consulting services to companies seeking to do business in China through its wholly owned division CXN Ventures. To find out more about China Xin Network Media Corporation (OTCBB:CXIN), visit our website at www.cxnonline.com, and our portal at www.cxnmedia.com.
LEXISNEXIS is the largest news and business online information service, including comprehensive company, country, financial, demographic, market research and industry reports. Providing access to thousands of worldwide newspapers, magazines, trade journals, industry newsletters, tax and accounting information, financial data, public records, legislative records, data on companies and their executives makes the LexisNexis™ service an indispensable tool for gathering information and providing accurate answers. LexisNexis was founded as the Data Corporation in 1966 and was purchased by The Mead Corporation in 1968. Reed Elsevier plc, which acquired LexisNexis in late 1994, is a leading worldwide publisher and information provider.
The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of the company; the occurrence of which involves certain risks and uncertainties that could cause the company's actual results to differ materially from the expected results. Such risks include the timing of implementation and the scope and success of the program described herein.
For further information:
CXN Media Corporation
Mr. Jean-Francois Amyot
CEO & Chairman
514-398-0515 ext. 27
jfamyot@cxnonline.com
CXN Media Corporation
Mr. Andrew Barakett
Director, Business Development
514-398-0515 ext. 22
abarakett@cxnonline.com |
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