BEIJING, Nov. 3 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports &
Entertainment Limited ("XSEL" or the "Company"; Nasdaq: XSEL), a leading
sports and entertainment media company in China, announced the shareholders'
resolution adopted at its annual general meeting held in Beijing.
XSEL shareholders adopted the following resolution proposed by the
Company:
Approval of the election of Zheng Jingsheng and Harry Nam to serve on the
board of directors until such director's successor is duly elected or
appointed.
For more detailed information regarding this resolution, please review the
Notice of 2009 Annual General Meeting posted at the website
http://www.xsel.com/en/investor-relations/ir-calendar/ .
About XSEL
Xinhua Sports & Entertainment Limited ("XSEL"; NASDAQ: XSEL) is a leading
sports and entertainment media company in China. Catering to a vast audience
of young and upwardly mobile consumers, XSEL is well-positioned in China with
its unique content and access. Through its key international partnerships,
XSEL is able to offer its target audience the content they demand -premium
sports and quality entertainment. Through its Chinese partnerships, XSEL is
able to deliver this content across a broad range of platforms, including
television, the Internet, mobile phones and other multimedia assets in China.
Along with its integrated advertising resources, XSEL offers a total solution
empowering clients at every stage of the media process linking advertisers
with China's young and upwardly mobile demographic.
Headquartered in Beijing, the company employs more than 1,000 people and
has offices and affiliates in major cities throughout China including Beijing,
Shanghai, Guangzhou, Shenzhen and Hong Kong. Xinhua Sports & Entertainment
Limited's shares are listed on the NASDAQ Global Market (NASDAQ: XSEL).
Safe Harbor Statement
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," ''confident'' and similar
statements. Among other things, quotations from management in this
announcement contain forward-looking statements. Statements that are not
historical facts, including statements about XSEL's beliefs and expectations
are forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties that could cause actual results to differ materially
from those contained in any forward-looking statements. Potential risks and
uncertainties include, but are not limited to, risks outlined in XSEL's
filings with the U.S. Securities and Exchange Commission, including its annual
report on Form -20-F. All information provided in this press release is as of
the date hereof, and XSEL undertakes no duty to update such information,
except as required under applicable law.
For more information:
Media Contact
Joy Tsang
XSEL
Tel: +86-10-8567-6050; +86-136-2179-1577
Email: joy.tsang@xsel.com
IR Contact
Edward Liu
XSEL
Tel: +86-10-8567-6061
Email: edward.liu@xsel.com
Howard Gostfrand
American Capital Ventures
Tel: +1-305-918-7000; toll free +1-877-918-0774
Email: info@amcapventures.com
SOURCE Xinhua Sports & Entertainment Limited
Media Contact, Joy Tsang, XSEL, +86-10-8567-6050 or +86-136-2179-1577, or
joy.tsang@xsel.com, or IR Contact, Edward Liu, XSEL, +86-10-8567-6061, or
edward.liu@xsel.com; or Howard Gostfrand of American Capital Ventures,
+1-305-918-7000 or toll free +1-877-918-0774, or info@amcapventures.com, for
XSEL
