Kubla Khan Inc. Executes an Agreement to Acquire Value Global International Ltd.; China-Based Firm Enters the China Loan-Guarantee Market.SHENZHEN, China -- Kubla Khan khan Historically, the ruler or monarch of a Mongol tribe. Early on a distinction was made between the title of khan and that of khakan, or “great khan.” Later the term khan was adopted by the Seljuq and Khwarezm-Shah dynasties as a title for the highest , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KUKH), a Utah corporation, today announced that it has entered into an agreement (the "Sales Agreement"), dated as of August 5, 2004, to acquire Value Global International Limited, a British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. company, in an all-stock transaction. Under terms of the Sale Agreement, Kubla Khan will acquire Value Global and its wholly-owned subsidiary, Shenzhen Shiji Ruicheng Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. and Investment Co., Ltd. Shiji Ruicheng provides mortgage and auto loan/lease guarantees in consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. transactions, real estate development loan guarantees in real estate transactions, and contract sureties in commercial lending transactions in China. After the completion date of the acquisition, Value Global will be a wholly-owned subsidiary of Kubla Khan. Pursuant to the Sales Agreement, Kubla Khan will acquire all of the outstanding shares of common stock of Value Global. In exchange, Kubla Khan will issue 46,990,000 shares of its restricted common stock to Value Global's four shareholders - JuXiang Ruan, Top Interest International Ltd., ZuHong Xu and ZaoZhen Fang. YaLi Xu, chairman 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. of Kubla Khan, commented, "This transaction completes the initial phase of our growth strategy in the emerging high-technology region of Shenzhen, China. By acquiring Value Global and its subsidiary Shiji Ruicheng, we will own a leading firm in the rapidly-growing loan guarantee business in China." About Kubla Khan Kubla Khan Inc., trading over-the-counter as KUKH, is a newly-formed company incorporated in Utah and based in the high-technology region of Shenzhen, China. Kubla Khan's proposed acquisition of Value Global and its subsidiary Shiji Ruicheng is part of a growth strategy based on buying loan guarantee firms and expanding internally. About Shiji RuiCheng Guaranty and Investment Company Shiji Ruicheng was formed in May 2004 primarily to provide services in Shenzhen, China, which is a rapidly growing, high-technology region of China. Shiji Ruicheng's principal business is to provide financial guarantees that are required for both business and commercial loans under Chinese banking and guarantee laws. Shiji Ruicheng provides guarantees to enable individuals to borrow for homes or other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. and to enable businesses to access the capital they need for expansion in the fast-growing Chinese and global markets. About 60% to 70% of Shiji Ruicheng's loans are made to consumers and the balance of the loans are made to businesses. 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: This press release contains 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. that involve risks, uncertainties and assumptions that, if they never materialize ma·te·ri·al·ize v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es v.tr. 1. To cause to become real or actual: By building the house, we materialized a dream. or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements. |
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