CXN Media Corporation: Shareholders Appoint New Chairman.Business Editors MIAMI--(BUSINESS WIRE)--Jan. 29, 2004 China Xin Network Media Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CXIN) announced today that further to a shareholders meeting held on January 23, 2004, Michael Tremis was appointed as 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. and Mr. Jean-Francois Amyot has resigned all office with the company but will remain with the company over the next 3 months to assure a proper transition. "Michael Tremis' undeniable management experience and reputation, industry contacts and enthusiastic energy will enable the company to recruit high level management and board members to continue to build the company into a leader of the Telematics industry," said Mr. Jean-Francois Amyot. "Having Mr. Tremis onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard. is a remarkable advantage for the company since Mr. Tremis is a true entrepreneur. His career is built on taking concepts and making them into multi million dollar companies. One such concept is Jungle Adventure, where he co-founded the company and grew it to 11 locations and $15 million in revenue in only 2 years. We are very confident that Mr. Tremis will create a similar impact on our company," further added Mr. Amyot. "I am very pleased to join this company, the innovative products and services offered by Bio-Tracking represent a tremendous opportunity," said Michael Tremis. "Over the course of the next 3 months, we will begin to demonstrate this opportunity to shareholders and customers. The very reputable management team being assembled will be the first testament of the potential of this company, the second will be the rapid generation of revenue and earnings and the third will result in the creation of sustainable shareholder value for years to come," further added Mr. Tremis. Michael Tremis was the founder of Datatek, a technology start-up where he grew sales to over $6 million in only 9 months before the company was sold to a Chicago interest. Mr. Tremis was also the Founder of American Eagle Homes of Florida and co-founder of Jungle Adventure. Mr. Tremis has also occupied several high level management positions with Fortune 1000 companies including GLR GLR Great Lakes Region GLR Global Learning Resources, Inc (Fremont, CA) GLR Greater London Radio GLR Generalized Likelihood Ratio GLR Glare GLR Gaylord, Michigan (Airport Code) Fashion, a retailing chain where he managed to restructure the company from the verge of bankruptcy to an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of 16% within only one year. About Bio-Tracking Security Inc. Bio-Tracking 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. , Quebec, designs and manufactures vehicle, asset tracking and security systems, based on a patent pending, 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 technology and Spread Spectrum Communication technologies. Bio-Tracking is an innovative, forward-thinking firm that employs cutting edge technology practises with a blended approach to consumer oriented products. The company is firmly committed to achieving and maintaining industry leadership in what has become the fastest growing, security related market in Canada and the U.S. www.bio-tracking.com 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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