CXN/BIO-TRACKING Appoints Independent Director.Business Editors MONTREAL & QUEBEC--(BUSINESS WIRE)--April 30, 2004 CHINA XIN NETWORK MEDIA CORP. (CXIN:OTCBB OTCBB See OTC Bulletin Board (OTCBB). ) announces the appointment of Mr. Kerry Schacter B.Admin.,CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. to the Board of Directors. As an independent Director he will be involved in our equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. through his interaction with the financial community. Mr. Michael Tremis (Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ) commented. "I am thrilled that Mr. Kerry Schacter has enthusiastically joined our team. As a seasoned professional Investment Advisor he has assisted numerous public corporations in diligently navigating the financial markets to secure capital within a developed and immense network of contacts, including some of the pinnacle financial gurus of Canada. His expertise, candid and straightforward manner make him another valuable member of our team. Furthermore his" Moral Oath " to uphold the guidelines set forth by the Securities Exchange Commission (SEC), Investment Dealers Association of Canada (IDA Ida (ē`dä), city (1990 pop. 91,859), Nagano prefecture, central Honshu, Japan, on the Tenryu River. It is an agricultural market and railway junction. ), and the Canadian Investors Protection Fund (CIPF CIPF Canadian Investor Protection Fund CIPF Convención Internacional de Protección Fitosanitaria CIPF Centre d'Immunologie Pierre Fabre CIPF Capital Improvement and Preservation Fund CIPF Centro de Investigaciones y Publicaciones Farmacéuticas ) only endorses the integrity our management team possesses" concluded Mr. Michael Tremis. Mr. Kerry Schacter is presently employed with the prestigious firm Investpro Securities Inc. of Montreal where he focuses on investing in emerging companies with unique products and an exceptional management team. In his 10 year career, Mr. Schacter has taken part in projects where ideas are taken from the early inception stages right through to public listing on major North American Stock Exchanges (DOW, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , AMEX AMEX See: American Stock Exchange , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ). He has successfully participated in raising over $ 55 MILLION in Capitol Pool, Bridge, Equity, Financing, Tax Shelters, and IPO's. With respect to his appointment Mr. Schacter commented: "Over the years, I have earned and maintained my reputation as a trusted financial advisor by focusing on details. In my opinion, the keys to business success today is having the ultimate in technology and marrying it to a competent organization. BIO-TRACKING has developed a product which is a "QUANTUM LEAP" in cutting edge vehicle/asset tracking and security, also powerful enough to defeat vehicle theft with unlimited expansion capabilities. Moreover, Mr. Michael Tremis's disciplined approach to business development and his ability to build a strong professional and experienced management team are without a doubt the ingredients required to achieve incredible success added Mr. Kerry Schacter." Mr. Kerry Schacter earned his Bachelors of Administration from Concordia University of Montreal in 1991. He has a background in investment, insurance and accounting, and prior to joining Investpro Securities he served at National Bank Financial, First Marathon Securities and Prudential Assurance. ABOUT BIO-TRACKING SECURITY INC. CHINA XIN NETWORK MEDIA CORPORATION acquired BIO-TRACKING SECURITY INC. of Montreal, Canada, in December 2003. Bio-Tracking designs and manufactures Vehicle/Asset Tracking and Security Technology, based on a Patent Pending, Wireless Interconnection Methods, Real-time Tracking, Driver Privilege Control, Remote Shutdown, Lock/Unlock, GPS/Inertial Navigation, Biometric Fingerprint Identification, Voice Communication and Spread Spectrum Communication. SAFE HARBOR STATEMENT Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitation, demand and competition for the Company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from its operations and the ability of the Company to manage its operations. |
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