CXN Media Corporation Announces the Acquisition of Bio-Tracking Security Inc.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--Nov. 26, 2003 China Xin Network Media Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CXIN) announced today that it entered into an agreement to acquire all outstanding shares of Bio-Tracking Security Inc. (BTSI BTSI Brake Transmission Shift Interlock (automotive) ), a leading biometrics and security technology company. Under the acquisition agreement scheduled to close on or before November 28, 2003, CXN CXN Checkerboard Nightmare (web comic) will issue 100,000,000 (restricted) common shares to the shareholders of BTSI. Upon closure of this agreement, CXN will proceed to change its name and ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors to reflect its new business model. The company shall introduce its new business plan to shareholders at the next shareholders meeting schedule on or before January 23, 2004. The Telematics industry currently represents a Five (5) billion dollar sector and is growing at a rate of 45% annually*. "Bio-Tracking's innovative patented technology will ensure our firms strategic role as an industry leader and provide innovative solutions to consumers worldwide. Our firm's new business model will include long term service annuities and is expected to yield financial results and increased shareholder value in the short term," said Mr. Amyot, CXN's Chairman. 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 and asset tracking and security systems, based on patented, 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 and Spread Spectrum Communication technologies. Bio-Tracking is an innovative, forward-thinking firm that employs cutting edge technology practices 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. * (Data Source, Strategis corp. September 2003) 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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