Last NEWS:
August 29, 2006 - 8:01 AM EST
Satellite Newspapers Partners CNPITC, Chinese Largest Enterprise in Press
BEIJING, China, August 29 /PRNewswire-FirstCall/ -- Satellite Newspapers Corp, (Nasdaq otcbb: SNWP) announces that it has signed an exclusive partnership agreement with Chinese largest enterprise in the press and publishing industry for Global distribution of Chinese newspapers to 100 million oversees Chinese expatriates and travelers.
Satellite Newspapers shall together with its installed base of 500 Business users, 1000 retail partners of CNPITC and local Print facility houses, market Chinese readers. It shall also invest to connect100+ (new to install) In line printers.
First Chinese language publication in the global distribution network is called The Tianjin Daily.
Mr. Jiangjiang Wu (General Manager of CNPITC);
'As the largest company of export books and newspapers we are great full and proud for this agreement we have signed. It opens a new channel for Chinese newspapers to go to the world. It is really an event worthy congratulating.
The Head & General Editor of the Group of Tianjin Daily Mr. Jianxin Zhang;
'Firstly I congratulate Tianjin Daily to be in the sales system of Satellite Newspaper. This will construct an exciting platform for readers all over the world.
Founder of Satellite Newspapers: Mr Piceni;
'It's an honor be a part of this historical fact. Special thanks and personal respect for Mr. Wu General Manager CNPITC and many thanks to all the people who approved and contributed to this success.
>>>> The future is yours; 'Tomorrow's Chinese Newspapers Available Today!' <<<<
About : China National Publishing Industry Trading Corporation (CNPITC)
Government owned CNPITC (www.cnpitc.com.cn) is the largest enterprises of China in the national press and publishing industry has devoted itself to expanding its overseas market and develop oversees readership of hometown newspapers at Chinese population. CNPITC was also the first company that is in the publication industry to enter the 500 Strongest Corporations with the highest trading value.
About Satellite Newspapers Corp.
Satellite Newspapers Corp. (www.satellitenewspapers.com). In conjunction with 200 different publishers of leading newspapers in 60 countries, the company has developed an innovative satellite- and Internet-delivery system that controls print out newspapers on demand from any location.
Printing foreign Newspapers inside China
The Satellite Newspaper Products were landed in China (Beijing) at the Modern bookstore of CNPITC 18 months ago. Several government officials tested the product and invested 1 Million Yeun ($ 150.000 USD) via CNPITC, studied the law and several type of companies in the print on demand business. Statement of the company:
'CURRENTLY WE DO NOT HAVE A LICENCE TO PRINT FOREIGN PUBLICATIONS INSIDE CHINA!'
Safe Harbor Statement
This information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Satellite Newspapers Corp. For more information regarding these risks and uncertainties, review Satellite Newspapers Corp. filings with the Securities and Exchange Commission at www.sec.gov.
SOURCE Satellite Newspapers
Source: PR Newswire (August 29, 2006 - 8:01 AM EST)
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