2008-08-19 07:30:00
SHANGHAI, China, Aug. 19 /EMWNews/ -- China Cablecom Holdings, Ltd. ("China Cablecom") (Nasdaq: CABL) (Nasdaq: CABLW) (Nasdaq: CABLU), a joint-venture provider of cable television services in the People's Republic of China (PRC), announced today that the Company's executive management will ring the closing bell at the NASDAQ MarketSite in New York City's Times Square at 4:00 p.m. Eastern Time on Wednesday, September 3, 2008. Mr. Clive Ng, Founder and Executive Chairman and Mr. Colin Sung, President and Chief Financial Officer, will preside over the ceremony to celebrate China Cablecom's listing on the NASDAQ Capital Market on July 29, 2008 under the symbol "CABL." "It is an honor to participate in the NASDAQ bell ceremony to celebrate and commemorate China Cablecom's listing on one of the most prestigious equity markets in the world," commented Mr. Ng. "We would like to express our sincere gratitude to our shareholders, dedicated employees, the entire management team, and all other parties who have allowed us to achieve this great milestone today." A live webcast of the NASDAQ closing ceremony will be available on the NASDAQ Webcam at http://www.nasdaq.com/about/marketsitetowervideo.asx.
About China Cablecom Holdings
China Cablecom Holdings is a joint-venture provider of cable television
services in the People's Republic of China, operating in partnership with a
local state-owned enterprise ("SOE") authorized by the PRC government to
control the distribution of cable TV services through the deployment of
analog & digital cable services. China Cablecom recently consummated an
agreement to acquire a 60 percent economic interest in a cable network in
Hubei province with paying subscribers exceeding 800,000. The Company
originally acquired operating rights of the Binzhou Broadcasting network in
Binzhou, Shandong Province in September 2007 by entering into a series of
asset purchase and services agreements with a company organized by SOEs
owned directly or indirectly by local branches of SARFT in five different
municipalities to serve as a holding company of the relevant businesses.
China Cablecom now operates 22 cable networks with over 1.2 million paying
subscribers and is party to an agreement to acquire 800,000 additional
subscribers in Hubei province. China Cablecom Holdings' strategy is to
replicate the acquisitions by operating partnership models in other
municipalities and provinces in the PRC and then introducing operating
efficiencies and increasing service offerings in the networks it operates.
Safe Harbor Statement
The matters discussed in this press release contain "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements contained in this presentation and in the
Company's other written and oral reports are based on current Company
expectations and are subject to risks and uncertainties, which could cause
actual results to differ materially. Any forward-looking statements are not
guarantees of future performance and actual results of operations,
financial condition and liquidity, and developments in the industry may
differ materially from those made in or suggested by the forward-looking
statements contained herein. These forward-looking statements are subject
to numerous risks, uncertainties and assumptions. The forward-looking
statements herein speak only as of the date stated herein and might not
occur in light of these risks, uncertainties, and assumptions. China
Cablecom Holdings undertakes no obligation and disclaims any obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise. You should
carefully consider these factors as well as the additional risk factors
outlined in the filings that China Cablecom Holdings makes with the U.S.
Securities and Exchange Commission, including the Registration Statement on
Form S-1 filed on April 18, 2008.
China Cablecom Holdings, Ltd.
http://www.chinacablecom.net
CONTACT: Debra Chen (917-499-8129)
Email: [email protected]
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