CXN/Bio-Tracking: Mr. Michael Tremis -- Chairman, President, CEO -- Purchases 40 Million Restricted Shares.Business Editors/High-Tech Writers MONTREAL--(BUSINESS WIRE)--May 5, 2004 China Xin Network Media Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CXIN) announces the purchase of 40 million restricted shares by 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. ). Mr. Michael Tremis courageously asserted, "My fearless conviction in Bio-Tracking Security Inc. and its exclusive security/tracking applications platform combined with our primed FORTUNE 500 management team, has solidified my belief in taking this corporation to unlimited heights." Continued Mr. Michael Tremis, "I feel that it is of great importance to my dedicated employees and valued shareholders that one should lead by example. My acquisition of these 40 million restricted shares is a sign of my devoted commitment and confidence in the success of CXN/Bio-Tracking and its future." Mr. Kerry Schacter, the Independent Director and Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and for CXN/Bio-Tracking stated, "This clearly demonstrates a level of commitment consistent with our Chief's passion for this undertaking. When management takes a passionate, bold stake in their own company, with their own money, it sends a strong signal to the marketplace. I always like to see the economic interests of shareholders directly aligned with those of management. Knowing the equity position of management could provide potentially useful guidelines as to management's views of the performance or prospects of the company." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Michael Tremis, "Under the current regulations, Director and Executive Officer transactions in company equity securities are reported periodically in required SEC filings. We recognize the importance of providing investors with prompt full disclosure of this type of information, so that present and future shareholders will be able to make calculated investment and voting decisions on an educated and timely basis. At CXN/Bio-Tracking, we apply a standard of corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and practices that goes above and beyond the usual rules and regulations set forth by industry regulatory bodies. I implore im·plore v. im·plored, im·plor·ing, im·plores v.tr. 1. To appeal to in supplication; beseech: implored the tribunal to have mercy. 2. members of our executive team, as well as the financial community at large, to follow my example by embracing this revolutionary new technology through ownership of shares in our great company." About Bio-Tracking Security Inc. China Xin Network Media Corporation acquired Bio-Tracking Security Inc. of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. , 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 Noun 1. inertial navigation - a method of controlling the flight of a missile by devices that respond to inertial forces inertial guidance steering, guidance, direction - the act of setting and holding a course; "a new council was installed under the , Biometric Fingerprint Identification, Voice Communication and Spread Spectrum Communication. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. For Information, Press Releases and SEC Filings. Website: www.bio-tracking.com |
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