CathayOne, Inc. Announces Official Notice from the Chinese Ministry of Culture.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 4, 2000 CathayOne, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CATH CATH Catholic CATH Cathedral CATH Cathode CATH Autonomous Haitian Workers (Haiti) CATH Center for Applied Technologies in the Humanities (Virginia Tech) ) announced today that the Ministry of Culture has sent an official notice to "all cultural bureaus in every province, autonomous region and municipality directly under the Central Government, and all art related performing groups directly under the Cultural Ministry." This notice formally exhorts these organizations to support CathayOne's e-stage.com website, which the Company is launching through its joint venture, the Capital Entertainment Company. This follows directly from Mr. Yuanchao Li, the Vice-Minister of Culture, voicing his office's support, at the signing of the joint venture agreement between the Capital Entertainment Company and the China Cultural Information Net, or CCNT CCNT Constellation Communication and Navigation Transceiver (www.ccnt.com.cn). The notice informs the Chinese people The following is a '''list of famous Chinese-speaking/writing people. Note in Chinese names, the family name is typically placed first (for example, the family name of "Xu Feng" is "Xu"). that "in order to make the website effective, the Capital Entertainment Company will do in-depth research about art performance spaces, agents, performing groups, and individual entertainers, and that the collected information will be published on the website in a timely fashion." It also states, "Please be advised that all performing groups registered with the Bureau of Culture should cooperate with the Capital Entertainment Company, and provide their information after strictly checking the content." This notice will ensure that all participants in the Chinese entertainment industry are informed of the estage.com.cn website, and will do their utmost to collaborate with the Company in making sure their information is available for publication. Knowing that their colleagues will do the same, they will use the website, and transfer their existing business relationships onto the web-based platform the Company has developed. As Mr. Yuanchao Li observed at the signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law. Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament. , this business-to-business portal could revolutionize the Chinese entertainment industry. As it becomes a frequently-trafficked site, the Company will be able to use it to bring its own foreign entertainers into China, and showcase them for the Chinese people. 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. Phillip Flaherty, 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. of CathayOne's CathayEntertainment subsidiary, "The support of the Ministry of Culture is a strong bonus to the development of the Capital Entertainment Company's website. It enhances our credibility as we reach organizations and individuals throughout this vast community. It ensures that we will be able to build the most comprehensive information site on entertainment in China, as the starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the for the launch of our own multimedia business. This business will be marketed to the international community of entertainment performers and their agents, promoters, and theaters; as well as to the general Chinese-speaking community, later this year." About CathayOne, Inc. The Company is set to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. its strategic partnerships and experience within China, through its subsidiaries that target the Chinese entertainment, manufacturing, and financial sectors. By establishing fully integrated web portals that provide each industry with tailored, flexible business-to-business solutions, and by establishing joint ventures with successful and prestigious Chinese concerns, the Company will strive to become a leader as China grows toward a profitable and efficient economy. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the 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. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. |
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