Fintel's Investment Went Public
HONG KONG
Financial Telecom Limited (USA), Inc.
Ms. Flora Song, (8621) 3304 0830
flora.song@fintel.com
or
Avalon Partners, 866-487-9310
Financial Telecom Limited (USA) Inc. (Business Name: Fintel) (OTCBB:FLTL), www.fintel.com, announced that one of its most recent investments, Enjoy Media Holding Ltd (Enjoy), has announced a 100% stock exchange with Pink Sheets-listed New English Venture Limited. As a result, Enjoy is now listed on the Pink Sheets market under the trading symbol of EJYM (Pink Sheets:EJYM).
Enjoy is an innovative print media and advertising company based in Guangzhou, China that targets the urban youth and white-collar segment of the advertising market. It supplies paper placemats, napkins and other table displays that carry advertising, free of charge, to a network of over 800 cafes and restaurants in the cities of Guangzhou, Shenzhen and Shanghai in China. The restaurants then use them to serve each of their dining customers. Enjoy's advertising clients include: China Telecom, China Mobile, China Unicom, Siemens, Danone, Wrigley, and numerous other consumer brands as well as real estate development companies. Enjoy expects to grow its network of restaurants and cafes to more than 4,000 in the next few years. Branded as "Wait Media," Enjoy's advertising targets the consumer by utilizing the waiting time each person experiences during his or her daily life. Enjoy plans to aggressively expand this new advertising media by acquiring other types of "Wait Media" in China.
Fintel invested 19% in Enjoy for a total consideration of 1,688,306 Fintel common shares on April 8th, 2005. Fintel received 14,625,000 shares of Enjoy for its entire interests after listing. The board of directors of Fintel is considering divestment plans, including paying Enjoy shares as a dividend to all Fintel shareholders. Details will be announced at a later date.
About Financial Telecom Limited (USA), Inc. (Fintel Group)
Fintel offers corporate financial services on a long term basis to profitable privately held Chinese companies and their shareholders. Fintel, at the same time, obtains an option to invest in minority positions in client companies leveraging its publicly traded stock. Fintel targets high growth industries such as technology, media marketing, consumer services and manufacturing. Fintel aims to assist its clients achieving corporate and personal financial goals. For further information, please visit: www.fintel.com.
Forward-looking statements
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
AI
