CathayOne, Inc. Announces Signing of Joint Venture Agreement to Launch Multimedia Company for China.Business Editors/Technology Writers NEW YORK--(BUSINESS WIRE)--Sept. 7, 2000 CathayOne, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CATH CATH Catholic CATH Cathedral CATH Cathode CATH Autonomous Haitian Workers (Haiti) CATH Center for Applied Technologies in the Humanities (Virginia Tech) ) today announced that a 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. was held on Sept. 1, 2000, in which a joint venture agreement was signed between the Capital Entertainment Company and the China Cultural Information Net, or CCNT CCNT Constellation Communication and Navigation Transceiver (www.ccnt.com.cn), to launch a multimedia company for China. The CCNT's website is the established online source for entertainment information in China; the purpose of the joint venture is to develop a multimedia company with the official right to bring in entertainment events from around the world to China. This new company would bring 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"). foreign entertainment in all media, from internet broadcasts to live performances, and would embrace new entertainment technology as it evolves. The CCNT's participation will give the new company credibility and the official mandate to bring in foreign entertainers and media; and the Capital Entertainment Company, through its partner CathayEntertainment, will provide technological expertise and access to the entertainment community outside of China. It is planned that the next step will be the full launch of the four entertainment portals on November 2nd. The ceremony was attended by Mr. Yuanchao Li, the Deputy Minister of the Chinese Ministry of Culture, who expressed great enthusiasm for the project. The CCNT was represented in the ceremony by its president, Mr. Wen Bo Xu, while the Capital Entertainment Company was represented by its Chairman, Mr. Long Yu. Mr. Yu has attained great stature as a conductor both inside and outside of China, and he has been a powerful voice for years in the mission to organize the Chinese entertainment industry. Brian Ransom Brian Ransom (born June 6, 1940) was a Manitoba politician. In 1983, he unsuccessfully ran for the leadership of the Progressive Conservative Party of Manitoba. Ransom was born in Boissevain, Manitoba, and was educated at the University of Manitoba and the University of , CathayOne's Director, represented CathayOne and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , CathayEntertainment, which is the Capital Entertainment Company's partner and major investor. 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 in China's growth 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 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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