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  • 7/30/2002 7:03 AM ETNews Release Index 

    CXN Media Corporation To Provide Factiva, A Dow Jones &Reuters Company, With Daily News Service
     
    MONTREAL, Jul 30, 2002 (BUSINESS WIRE) --

    China Xin Network Media Corporation (OTCBB:CXIN) today announced it has entered into an agreement with Factiva, a Dow Jones &Reuters Company, for Factiva to carry its CXN Daily News Service.

    The news service includes coverage of business, financial and economic news on the People's Republic of China.

    Factiva's content management and integration services are used by leading organizations around the world to help them integrate news and business information into their daily workflow and to increase organizational intelligence and leverage external and internal content within the knowledge management function. Factiva is one of KM World Magazine's 'Top 100 Companies in Knowledge Management'and part of eContent Magazine's 'Top 100 content companies to watch'. Factiva content appears on more than 1.5 million desktops worldwide.

    'A strict criteria for providing daily news service to Factiva is the provider's timeliness and reliability and this agreement is representative of Factiva's plans to deliver CXN Media's top financial and economic information on the People's Republic of China to its global customers,'said CXN's Chief Executive Officer Jean-Francois Amyot. 'Being a member of Factiva's Content Community demonstrates that CXN Media can deliver competitive information and can be integrated within Factiva's product suite. Revenues from our publishing agreement with Factiva will be a contributing factor in meeting our revenue objectives of $5 million for our next fiscal year;'further added 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..

    The statements contained in this release which are not historical facts contain forward-looking information with respect to plans, projections or future performance of CXN Media Corporation; the occurrence of which involves certain risks and uncertainties that could cause CXN'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.

    CXN Media Corporation Jean-Francois Amyot, 514/398-0515, ext. 27 jfamyot@cxnonline.com Andrew Barakett, 514/398-0515, ext. 22 abarakett@cxnonline.com

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