CXN Media Corporation Amended 10-QSB Complying with Sarbanes-Oxley Act.Business Editors MIAMI--(BUSINESS WIRE)--May 23, 2003 China Xin Network Media Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CXIN)(OTCBB:CXINE) a premiere provider of China-based analytical market research data and customized market research analysis, today announced that on Friday, May 23, 2003 the company filed an amendment to the company's most recent 10-QSB with the SEC complying with Section 302 of the Sarbanes-Oxley Act See SOX. of 2002 (18 U.S.C. 1350). The amendment, as filed, is affirmation by George Lee, 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 Chairman of the Board of China Xin Network Media Corp. ("CXN CXN Checkerboard Nightmare (web comic) "), and Barry F. Brault, Controller of CXN that the company is in compliance with the requirements of the Sarbanes-Oxley Act - one of the most sweeping legislation affecting 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. , disclosure and financial accounting in over a generation. As stated in the amendment, CXN certifies their recent quarterly report (10-QSB) as filed, fairly represents in all material respect, the financial condition and results of operation of the Company. Further information on the filing can be retrieved from the SEC website on or about Tuesday, May 27, 2003, or online at www.edgar.com. ABOUT CXN MEDIA CORPORATION CXN MEDIA CORPORATION is a global provider of financial, economic and business information on the People's Republic of China. Through its partnership with the China Economic Information Network (CEInet), CXN sources, produces and customizes market research and business intelligence on the People's Republic of China. For more information about China Xin Network Media Corporation (OTCBB: CXIN), see www.cxnonline.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 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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