Healthtech Solutions Inc (fka HLTT)

[OptionMonster]

Xinyinhai Announces Acquisition of Facilities to Expand Production Capacity
HARBIN, China, Jan. 16 /Xinhua-PRNewswire/ -- Xinyinhai Technology, Ltd. (OTC Bulletin Board: XNYH), announced today that it purchased a new production facility and the related land, allowing for expansion of the Company's operations in the Harbin Development Zone. This newly acquired production facility will increase Xinyinhai's production capacity by approximately 50%, as well as allow the Company to consolidate its corporate offices. Established in 1998, Xinyinhai specializes in printing high-end financial documents using ISO-certified state-of-the-art technology and systems employing the latest anti-falsification encryption methods.

'Our business continues to expand at a rapid pace. This acquisition of land and production facilities ensures that we can meet our growth goals. The land we acquired is greater than three times the size of our current location, affording additional space for future increases in capacity. The market for printing of financial documents in China is forecasted to have a 40% growth over the coming years. We expect to expand our presence as one of the leaders in this growing market, both by enlarging our existing business and exploring potential acquisitions,' stated Mrs. Tian Ling, CEO of Xinyinhai Technology.

Established in 1998, Xinyinhai specializes in printing high-end financial documents using ISO-certified state-of-the-art technology and systems employing the latest anti-falsification encryption methods. Its clients include many of China's premier financial institutions, including the largest state-owned banks (Bank of China, China Construction Bank, Agricultural Bank of China, Postal Savings Bank of China), the China Rural Credit Union, and China Domestic City Commercial Bank. Additional information about Xinyinhai is available at http://www.xnyhonline.com .

Certain statements in this news release may constitute 'forward-looking' statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Risk factors are listed in the most recent Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB filed with the Securities and Exchange Commission. Such forward-looking statements involve risks and uncertainties, which may cause the actual results, performance, or achievement expressed or implied to differ.

For more information, please contact:

Maggie Huang
ROI Group LLC
Tel: [phone]
Email: [e-mail]

SOURCE Xinyinhai Technology, Ltd.



Source: PR Newswire (January 16, 2008 - 8:00 AM EST)

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