Printer Friendly

Business Wire, Central News Agency Extend Cooperation to Provide Taiwanese Listed Companies with a Proven Platform to Reach International Investors and Global Consumer Markets.

TAIPEI & SAN FRANCISCO -- Taiwan's globalization efforts have taken a major leap forward with the expansion of a news distribution relationship between Business Wire and the island-nation's official Central News Agency. The exclusive agreement provides the Taiwan Stock Exchange's 1,200 listed companies with access to Business Wire's worldwide communications platform to reach international investors and consumer markets.

The June 29 contract signing was a major highlight of ceremonies marking the CNA's 10th anniversary as Taiwan's national news agency, and its 82nd founding anniversary. Government, corporate, and media dignitaries attended the gala event, including Examination Yuan President Yao Chia-Wen, Vice President Annette Lu, Vice Premier Tsair Ingwen, CNA Chairman Su Tzen-ping, and representatives from the world's leading news agencies.

Hector Botero, chief executive officer of International Media Services, which licenses the Business Wire name in the Greater China region, negotiated the long-term commercial agreement on Business Wire's behalf.

The agreement offers TSE-listed companies increased visibility in the world financial markets, providing seamless access to the mainstream financial information channels that serve as the lifeblood of the international investment community.

TSE officials have signaled their enthusiastic support for the corporate outreach initiative, anxious to provide member companies with a credible conduit to broader audiences.

Under the terms of the arrangement, CNA will help traded companies meet their domestic disclosure obligations, while Business Wire will serve as the gateway to international financial markets.

"Business Wire has long been one of our key partners and this agreement will surely bring us closer together," said CNA Chairman Su Tzen-ping. "This groundbreaking collaboration is expected to greatly increase the popularity of local listed and OTC companies, while ensuring the transparency of related information."

"We appreciate the opportunity to strengthen our relationship with the Central News Agency, and to provide Taiwanese companies with much improved access to today's global marketplace," said Cathy Baron Tamraz, Business Wire's president and chief executive officer, in making the announcement.

Business Wire and CNA have enjoyed an exclusive relationship since February 2005. More than 100 newspapers subscribe to the CNA daily news report, which also serves Chinese expatriates worldwide. CNA is a leading news source to Internet service providers, including, and, and to mobile phone operators.

About The Central News Agency:

Founded in Guangzhou (Canton), southern China on April 1, 1924, The Central News Agency (CNA) has been in operation longer than any other media outlet in the country and is Taiwan's largest national news agency. Headquartered in Taiwan since 1949, CNA provides about 1,500 items of fair, fast and comprehensive local and international news in Chinese, English and Spanish every day to the media, helping to promote an open information society as well as effectively preserving the multifaceted and balanced media environment in Taiwan.

CNA's coverage spans the globe, with correspondents in every city and county in Taiwan and in 35 cities overseas. CNA correspondents file an average of 500 news items every day, covering politics, economics, defense, diplomacy, military affairs, justice, and international and cross-Taiwan Strait affairs, making it the largest news provider in Taiwan.

In addition to articles, CNA offers radio, television, in-flight services and mobile phone operators with news content and images from around the world.

About Business Wire:

Business Wire, a Berkshire Hathaway company, was founded in 1961 by chairman Lorry I. Lokey, veteran journalist and public relations executive.

The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.

Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 24 U.S. offices, Paris, Frankfurt, London, Brussels, Tokyo and Sydney offices, and reciprocal offices throughout the world.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 12, 2006
Previous Article:Legg Mason Partners Fund Advisor, LLC to Assume Management Responsibility for Former Citigroup Asset Management-Advised Closed-End Funds as Part of...
Next Article:Federal Court Ruling Strengthens Yodlee's Patent Case Against CashEdge; Jury Trial Set for September, 2007.

Related Articles
ITWeb brings Business Wire to Southern Africa.
Business Wire Enters into Reciprocal Relationship with Taiwan's Central News Agency.
Business Wire Partners with Bigdough; Introduces BW Investor Targeting, a Tool That Enables Public Companies to Effectively Target the Buy-Side...
Business Wire and Agence France-Presse Expand Relationship to Include Pan-European Network Access, and Online Postings via AFP's Main Website,...
PC Vendors try to Replace Desktops by Launching a Number of Value-Line Notebook PC Models.
Chunghwa Telecom Selects Alvarion's Wimax Solution.
Pronexus, Japan's Leading Financial Printer, Enters Into an Agreement with Business Wire to Provide Japanese Issuers with Seamless Communications...
Business Wire Expands European Disclosure Footprint to 11 Markets with Launch of Compliance Networks in Denmark and Finland.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters