Euro Asia Premier Real Estate Company Limited: Euro Asia Completes Major Building Stage at the Training and Exhibition Center of Weifang

July 13, 2010 By Leave a Comment

Euro Asia Premier Real Estate Company Limited / Euro Asia Completes Major Building Stage
at the Training and Exhibition Center of Weifang processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this announcement.

Weifang (People’s Republic of China), 12 July 2010.

Euro Asia Premier Real Estate Company Limited (“Euro Asia”, ISIN: VGG3223A1057)
publishes today the completion of the building shell and roof work at it’s Training and
Exhibition Center development complex in Weifang. This major construction stage was
finished according to schedule. Work on the building commenced on 1 July 2009 and is
expected to be completed in December 2010, and will commence operations in early 2011.

The Training and Exhibition Centre consists of a 15-storey main building and exhibition
hall on the ground floor. The planned gross floor area is approximately 27,361 m². After
completion, the property will be used as a 5-star hotel and conference centre. There are
no other 5-star hotels in the immediate vicinity. The Training and Exhibition Centre
will be operated by NIW Real Estate, Euro Asia’s operating subsidiary in the People’s
Republic of China.

Chairman of the Board, Mr. Sun XiYi, stated, “We are very pleased with the fast process
of the construction works. So far we have invested RMB 25 million, and hence we are also
well in line with our budget of RMB 52 million or RMB 1,900 per square meter for the
whole premise. We are looking forward to start operating the building early 2011 in
order to generate additional cash flows for the group.”

About Euro Asia
Euro Asia is a BVI registered company, active in real estate development in the Shandong
area of the People’s Republic of China. The Company operates locally through its
subsidiaries, jointly owned with SNI, a leading local development company. Generating
leasing revenues from a number of commercial properties, the Company has a number of
other projects under development. By utilizing its strong local network to banks,
political decision makers, land owners and other developers, the Company intends to grow
its position in the region prior to moving into other prefecture-level cities.

Contact:
Schwarz Financial Communication
Frank Schwarz

Tel: +49 611 1745 398 11
Schwarz@schwarzfinancial.com

HUG#1430998

Press Release as PDF http://hugin.info/143073/R/1430998/377546.pdf

— End of Message —

Euro Asia Premier Real Estate Company Limited
Jian Hong East Street No 316 Weifang City, Shandong China

Listed: Xetra Stars in Frankfurter Wertpapierbörse;

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NCKU Won Government Service Quality Award from the Executive Yuan of the Republic of China

June 30, 2010 By Leave a Comment

TAINAN, Taiwan–(Business Wire)–
National Cheng Kung University (NCKU), Taiwan, is the only national academic
institution to have won 2010 Government Service Quality Award from the Executive
Yuan of the Republic of China.

Premier Den-Yih Wu of the Executive Yuan of the Republic of China will
personally present the award in the ceremony held on June 30th in Civil Service
Development Institute, Taipei.

National Cheng Kung University has consecutively won the Government Service
Quality Award from the Ministry of Education, Taiwan, in 2008 and 2009. This
year, recommended by the Ministry of Education, NCKU has won the 2nd Government
Service Quality Award from the Executive Yuan of the Republic of China.

The 2nd Government Service Quality Award from the Executive Yuan of the Republic
of China is divided into the group of front line service institutions and the
group of service planning institutions. There are 146 institutions that have
participated in the selection and 22 institutions of the group of front line
service institutions and 6 institutions of the group of service planning
institutions that have won the award.

The administrative service teams and staffs at National Cheng Kung University,
who have devoted themselves to elevating the service quality and teaching
quality, improving the campus environment, administrative system, service
procedure and hardware equipments and expanding the excellent and innovative
service, have won praises from the judges.

NCKU President Michael Ming-Chiao Lai expressed, “The most important task of a
university is teaching, research and community service. NCKU has created
excellent teaching and research environment, allowing students to study and live
under a comfortable and pleasant environment.”

President Michael Ming-Chiao Lai also pointed out, “Located in downtown of
Tainan City, National Cheng Kung University is part of the community. NCKU has
removed most of the walls which surrounded the campus. It has become part of the
community which provides service to students, parents as well as civilians.
National Cheng Kung University is the only national university which organizes
Parents` Meeting. The concept of service is to provide service to teachers,
students, civilians and community, share school resources with the society and
cultivate talents together.”

NCKU Secretary General Woei-Shyan Lee said, “It`s a great honor to receive the
award, but we`ll continue to elevate the administrative efficiency, improve
service performance, maintain high-quality campus environment and strengthen
humane accomplishments and social caring. A top university of high-quality
service is the ultimate goal. We`ll further enhance the service quality of
teaching, research, infrastructure, humanities, life and other aspects to best
serve the needs of teachers, students, population and community, share the
resources with the society and together cultivate talents.”

Dr. Chao-Ton Su, one of the judges and professor of the Department of Industrial
Engineering and Engineering Management at National Tsing Hua University,
believed, “The openness and simplicity of the service procedure at National
Cheng Kung University should be applauded. The excellent interaction between
NCKU and the population is evident in artistic and humanistic activities, such
as Coffee Time organized by Chimei Café.”

Dr. Ta-Shu Chiang, the judge and professor of the Department of Public
Administration and Policy at National Chi Nan University, also revealed, “NCKU
has been courageous to face the critics of the costumers and eager to review and
improve the shortcomings. It has also made obvious achievements on the promotion
of energy saving and carbon reduction measures.”

Dr. Joanne S.C. Liu, another judge and associate professor of the Department of
Social Work at National Taiwan University, mentioned, “I`m impressed by the
emphasis of NCKU on parents` service. For example, in the 2009 Parents` Meeting,
28 parents raised ideas and deans of each college gave clear and definite
responses.”

The outstanding service achievements of NCKU include providing easy and
convenient access for teachers, staffs and students, establishing friendly
service procedures, constructing elegant and simple website in both Chinese and
English, updating and developing electronic system service, building a clean,
green and safe campus environment as well as recycling bicycles that have
violated parking regulations and unattended vehicles and donating them to
citizens.

The targeted service subjects of National Cheng Kung University consist of
students, parents, teachers, staffs, personnel, volunteers, as well as future
students, graduated alumni, retired teaching personnel, partner schools,
enterprises, news media, private organizations, community residents and
international figures.

National Cheng Kung University
News Center
Crystal Chen, +886-6-275-7575 Ext. 50042
Fax: +886-6-238-9919
E-Mail: crystal@mail.ncku.edu.tw

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

NCKU Won Government Service Quality Award from the Executive Yuan of the Republic of China

June 30, 2010 By Leave a Comment

TAINAN, Taiwan–(Business Wire)–
National Cheng Kung University (NCKU), Taiwan, is the only national academic
institution to have won 2010 Government Service Quality Award from the Executive
Yuan of the Republic of China.

Premier Den-Yih Wu of the Executive Yuan of the Republic of China will
personally present the award in the ceremony held on June 30th in Civil Service
Development Institute, Taipei.

National Cheng Kung University has consecutively won the Government Service
Quality Award from the Ministry of Education, Taiwan, in 2008 and 2009. This
year, recommended by the Ministry of Education, NCKU has won the 2nd Government
Service Quality Award from the Executive Yuan of the Republic of China.

The 2nd Government Service Quality Award from the Executive Yuan of the Republic
of China is divided into the group of front line service institutions and the
group of service planning institutions. There are 146 institutions that have
participated in the selection and 22 institutions of the group of front line
service institutions and 6 institutions of the group of service planning
institutions that have won the award.

The administrative service teams and staffs at National Cheng Kung University,
who have devoted themselves to elevating the service quality and teaching
quality, improving the campus environment, administrative system, service
procedure and hardware equipments and expanding the excellent and innovative
service, have won praises from the judges.

NCKU President Michael Ming-Chiao Lai expressed, “The most important task of a
university is teaching, research and community service. NCKU has created
excellent teaching and research environment, allowing students to study and live
under a comfortable and pleasant environment.”

President Michael Ming-Chiao Lai also pointed out, “Located in downtown of
Tainan City, National Cheng Kung University is part of the community. NCKU has
removed most of the walls which surrounded the campus. It has become part of the
community which provides service to students, parents as well as civilians.
National Cheng Kung University is the only national university which organizes
Parents` Meeting. The concept of service is to provide service to teachers,
students, civilians and community, share school resources with the society and
cultivate talents together.”

NCKU Secretary General Woei-Shyan Lee said, “It`s a great honor to receive the
award, but we`ll continue to elevate the administrative efficiency, improve
service performance, maintain high-quality campus environment and strengthen
humane accomplishments and social caring. A top university of high-quality
service is the ultimate goal. We`ll further enhance the service quality of
teaching, research, infrastructure, humanities, life and other aspects to best
serve the needs of teachers, students, population and community, share the
resources with the society and together cultivate talents.”

Dr. Chao-Ton Su, one of the judges and professor of the Department of Industrial
Engineering and Engineering Management at National Tsing Hua University,
believed, “The openness and simplicity of the service procedure at National
Cheng Kung University should be applauded. The excellent interaction between
NCKU and the population is evident in artistic and humanistic activities, such
as Coffee Time organized by Chimei Café.”

Dr. Ta-Shu Chiang, the judge and professor of the Department of Public
Administration and Policy at National Chi Nan University, also revealed, “NCKU
has been courageous to face the critics of the costumers and eager to review and
improve the shortcomings. It has also made obvious achievements on the promotion
of energy saving and carbon reduction measures.”

Dr. Joanne S.C. Liu, another judge and associate professor of the Department of
Social Work at National Taiwan University, mentioned, “I`m impressed by the
emphasis of NCKU on parents` service. For example, in the 2009 Parents` Meeting,
28 parents raised ideas and deans of each college gave clear and definite
responses.”

The outstanding service achievements of NCKU include providing easy and
convenient access for teachers, staffs and students, establishing friendly
service procedures, constructing elegant and simple website in both Chinese and
English, updating and developing electronic system service, building a clean,
green and safe campus environment as well as recycling bicycles that have
violated parking regulations and unattended vehicles and donating them to
citizens.

The targeted service subjects of National Cheng Kung University consist of
students, parents, teachers, staffs, personnel, volunteers, as well as future
students, graduated alumni, retired teaching personnel, partner schools,
enterprises, news media, private organizations, community residents and
international figures.

National Cheng Kung University
News Center
Crystal Chen, +886-6-275-7575 Ext. 50042
Fax: +886-6-238-9919
E-Mail: crystal@mail.ncku.edu.tw

Copyright Business Wire 2010

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Celestix Opens Sales Office in Shanghai, China

June 14, 2010 By Leave a Comment

FREMONT, Calif.–(Business Wire)–
Celestix Networks, manufacturer of the world`s best-selling network security
appliances based on Microsoft Forefront Security, has opened their first office
in the People`s Republic of China in the city of Shanghai.

Because Celestix is a Microsoft security solutions provider, the growing market
for network security in China is an important part of Celestix` global growth
strategy. “Having tested the China market from our Asia headquarters in
Singapore, we feel that now is the right time to start a permanent presence in
China,” stated Yong Thye Lin, president of Celestix. The pool of talented
information technology professionals in China offers Celestix great
opportunities to grow in the China network security market and eventually to
contribute to Celestix business operations around the world.

Celestix` new Shanghai facility demonstrates Celestix` commitment to the China
market by having a full-time staff dedicated to helping enterprises plan and
install Celestix MSA Web security gateway appliances and WSA SSL VPN appliances
that provide remote users with secure connections to business information
networks. The new office`s address is: Celestix Networks Inc. Shanghai Office
5th Floor, No. 271 Jiang Chang San Road, Industrial New Zone, Zhabei District,
Shanghai, 200436 P.R. China.

The Shanghai office joins Celestix` North American headquarters located in
Fremont, California, Celestix` Asia headquarters in Singapore, and branch
offices located in Reading, United Kingdom, and Chennai, India.

Visit www.celestix.com to learn more about Celestix network security products.

About Celestix

Founded in 1999, Celestix delivers thousands of security appliances to
mid-market organizations and large enterprises annually. Celestix has
significant presences throughout the Americas, Asia including Japan, and Europe
to supplement its channel business. To date, Celestix has enlisted over 450
channel partners worldwide to help serve its end customers.

Celestix Networks
Bob Matlow, 510-996-7630
Bob@celestix.com

Copyright Business Wire 2010

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Crystallex Forms Strategic Partnership With the Resource Subsidiary of China Railway Engineering Corporation, the

June 8, 2010 By Leave a Comment

TORONTO, ONTARIO, Jun 07 (MARKET WIRE) —
Crystallex International Corporation (TSX: KRY)(NYSE Amex: KRY) announced
today that it has signed a binding agreement (the “Agreement”)
with China Railway Resources Group Co. Ltd. (“CRRC”) to create
a strategic partnership for the development of the Las Cristinas gold
project in Bolivar State, Venezuela (“Las Cristinas”). China
Railway Engineering Corporation (“CREC”) is the world’s largest
contracting and engineering company and one of the world’s 150 largest
companies. It is one of China’s largest state-owned companies with the
majority of its shares held by the People’s Republic of China.

CRRC and Crystallex have met with the Government of Venezuela to apprise
them of this strategic partnership and are very pleased by the Government
of Venezuela’s expression of support. Both Crystallex and CRRC are
working closely with Venezuelan officials to obtain the approvals and
permits required to bring Las Cristinas into production. The advancement
of Las Cristinas will benefit all stakeholders and especially the people
of Venezuela, particularly in Bolivar State.

Under the terms of the Agreement, CRRC is leading the efforts of the
strategic partnership to unblock the stalled environmental permitting
process for Las Cristinas and will provide the necessary project capital
to develop the project to commercial production at an optimized mining
rate.

Upon completion of the transactions contemplated by the Agreement,
Crystallex will hold a one-third fully carried interest in the Las
Cristinas Joint Venture and CRRC will have a two-thirds interest.
Crystallex will contribute the Las Cristinas Mine Operating Contract,
Feasibility Study, all design and engineering already completed by
Crystallex and other project assets. CRRC will provide the necessary
construction and operating capital to fund project development, optimized
expansion and operation and will be responsible for construction of the
project. Crystallex will pay for its one-third carried interest of the
capital costs provided by CRRC from its share of future cash flows from
the project. In addition, CRRC will assist Crystallex to retire the
outstanding noteholders’ obligations; will provide a construction
guarantee; and has agreed to make an equity investment in Crystallex
following closing of the transactions, at a share price based on the then
prevailing market price of the common shares of Crystallex.

CRRC had previously advanced Crystallex US$2.5 million during the
negotiation of this Agreement. Subject to requisite regulatory and
shareholder approvals, this US$2.5 million advance is convertible into
common shares of Crystallex at a price of Cdn$0.40 per share. CRRC shall
also have a onetime option to convert a portion of funds advanced to
Crystallex to satisfy its obligation to the noteholders into common
shares of Crystallex at a price of Cdn$0.40 per share for a period of
five years from the date of funding, provided that CRRC and its
affiliates shall beneficially own not more than 19.9% of the outstanding
common shares of Crystallex after giving effect to such conversion. CRRC
shall have the right to maintain its pro rata equity interest in
Crystallex to a maximum of 19.9% of the outstanding shares.

The closing of the transactions contemplated by the Agreement is subject
to the applicable regulatory, government and shareholder approvals,
satisfaction or waiver of all conditions contained in the Agreement and
the execution and delivery of all closing documents including final
definitive agreements which are being prepared and are expected to be
completed before July 30, 2010. A meeting of Crystallex’s shareholders to
approve the transactions is expected to be held in August, 2010 with
closing expected in the third quarter of 2010. A copy of the Agreement
will be filed on www.sedar.com within 24 hours of this release.

Crystallex’s financial advisors are Macquarie Capital Markets Canada
Ltd., GMP Securities L.P. and Kingsway International Holdings Limited and
its legal advisors are Cassels Brock & Blackwell LLP.

About CREC

CREC runs a spectrum of businesses covering surveying and designing,
construction and installation, manufacturing, R&D, technical consulting,
capital management as well as international economic and trade
activities. CREC is the largest civil construction enterprise in the
world, and the largest Asian and Chinese railway, road and tunnel
construction contractor. It has a leading position in China’s
construction market, and participates in many large-scale infrastructure
projects overseas (especially in countries in Southeast Asia and Africa).

CREC is currently constructing a US$7.5 billion railway project in
Venezuela linking southwestern Cojedes State and the eastern Anzoategui
State.

CRRC is the wholly-owned resource subsidiary of CREC with mining projects
in Africa, Australia, Central Asia, Ecuador and Panama.

About Crystallex

Crystallex International Corporation is a Canadian based company, whose
principal asset is its interest in the Las Cristinas gold project located
in Bolivar State, Venezuela. Crystallex shares trade on TSX (symbol: KRY)
and NYSE-Amex (symbol: KRY).

Las Cristinas gold project

An updated Technical Report filed on SEDAR by Crystallex in November 2007
estimated the Las Cristinas gold Reserves and Resources as follows:

Gold Reserves:

Proven and Probable Reserves were estimated at 16.86 million ounces of
gold (464 million tonnes with an average gold grade of 1.13g/t) based on
a US$550 gold price assumption. The reserve estimate was comprised of 113
million tonnes at a gold grade of 1.24g/t (4.48 million ounces) in Proven
Reserves and 351 million tonnes at a grade of 1.10g/t (12.38 million
ounces) in Probable Reserves.

Gold Resources:

Measured and Indicated Resources were estimated at 20.76 million ounces
(629 million tonnes with an average gold grade of 1.03g/t, which
comprises 146 million tonnes at a gold grade of 1.14g/t (5.38 million
ounces) in Measured Resources and 483 million tonnes at a grade of
0.99g/t (15.38 million ounces) in Indicated Resources.

Inferred Resources, which did not contribute towards the Proven and
Probable Reserves, were estimated at 6.28 million ounces (230 million
tonnes at an average gold grade of 0.85g/t).

For further details of the Reserves and Resources, see Crystallex’s 2009
Annual Information Form filed on SEDAR at www.sedar.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release
contains forward-looking statements within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities laws, including: statements relating to the expected
timing of completion of the transactions contemplated by the Agreement,
estimated reserves and resources at Las Cristinas; anticipated results of
drilling programs, feasibility studies or other analyses; the potential
to increase reserves and expand production, at Las Cristinas;
Crystallex’s projected construction and production schedule, and cost and
production estimates, for Las Cristinas; and management’s statements
regarding its expectations regarding mining in Venezuela. Forward-looking
statements are based on estimates and assumptions made by Crystallex in
light of its experience and perception of historical trends, current
conditions and expected future developments, as well as other factors
that Crystallex believes are appropriate in the circumstances. Many
factors could cause Crystallex’s actual results, performance or
achievements to differ materially from those expressed or implied by the
forward looking statements, including: the conditions to the transactions
contemplated by the Agreement not being satisfied, gold price volatility;
impact of any hedging activities, including margin limits and margin
calls; discrepancies between actual and estimated production, between
actual and estimated reserves, and between actual and estimated
metallurgical recoveries; mining operational risk; regulatory
restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of gold
exploration; dilution; competition; loss of key employees; additional
funding requirements; and defective title to mineral claims or property.
These factors and others that could affect Crystallex’s forward-looking
statements are discussed in greater detail in the section entitled
“Risk Factors” in Crystallex’s Annual Information Form (which
is included in the Annual Report on Form 40-F that Crystallex files with
the United States Securities and Exchange Commission (the
“SEC”) and elsewhere in documents filed from time to time with
the Canadian provincial securities regulators, the SEC and other
regulatory authorities. These factors should be considered carefully, and
persons reviewing this press release should not place undue reliance on
forward-looking statements. Crystallex has no intention and undertakes no
obligation to update or revise any forward-looking statements in this
press release, except as required by law.

Contacts:
Investor Relations Contact:
Crystallex International Corporation
Richard Marshall, VP
(800) 738-1577
info@crystallex.com
www.crystallex.com

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Genes explain why Tibetans thrive at high altitudes

May 14, 2010 By Leave a Comment

Washington, May 14 (ANI): Researchers from the University of Utah School of Medicine and Qinghai University Medical School in the People”s Republic of China claim to have found an answer to why the people of the Tibetan Highlands can live at elevations that cause some humans to become life-threateningly ill.

In the new study, boffins answer the mystery, in part, by showing that through thousands of years of natural selection, those hardy inhabitants of south-central Asia evolved 10 unique oxygen-processing genes that help them live in higher climes.

In a study published May 13 in Science Express, researchers report that thousands of years ago, Tibetan highlanders began to genetically adapt to prevent polycythemia (a process in which the body produces too many red blood cells in response to oxygen deprivation), as well as other health abnormalities such as swelling of the lungs and brain (edema) and hypertension of the lung vessels leading to eventual respiratory failure.

Even at elevations of 14,000 feet above sea level or higher, where the atmosphere contains much less oxygen than at sea level, most Tibetans do not overproduce red blood cells and do not develop lung or brain complications.

The Utah and Chinese researchers found evidence that this might be related to at least 10 genes, two of which are specific genes strongly associated with hemoglobin, a molecule that transports oxygen in the blood.

High-altitude lung and brain complications threaten and even kill mountaineers who scale the world”s tallest peaks. Others who find themselves at elevations significantly higher than where they normally live and work also can be stricken with the condition.

Adaptations to living at higher altitudes have occurred in humans more than once, such as with people indigenous to the Andes Mountains in South America and people native to high altitude regions in the Ethiopian mountains in Africa.

But the Tibetans have evolved genes that others living at similar elevations have not developed, according to Lynn B. Jorde, Ph.D., professor and chair of human genetics at the U of U School of Medicine and a senior author on the study. “For the first time, we have genes that help explain that adaptation,” Jorde said. (ANI)

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Russian scholar presents book on Tibet”s history

May 5, 2010 By Leave a Comment

Dharamsala (Himachal Pradesh), May 5 (ANI): Segius L Kuzmin, a senior scholar of Russian Academy of Sciences presented his book ”Hidden Tibet: History of Independence and Occupation”, in Himachal Pradesh”s Dharamsala.

This is the first book on the history of Tibet written in the Russian language. The 541-page book contains 12 chapters and has over 180 photographs.

The book traces the history of Tibet, from the origin of the Tibetan people up to the present situation of occupied Tibet.

Samdhong Rinpoche, the Tibetan Prime Minister in-exile, Penpa Tsering, Speaker of Tibetan Parliament in-Exile, and other dignitaries were present on the occasion.

Talking about the book, Rinpoche said it would help remove misconceptions of Russian people about Tibet.

“It is not on the Tibet issue, it is history about the past things. It will give a true picture to the Russian people who do not have any knowledge about Tibet and who were only under the propaganda of the People”s Republic of China. Their misconceptions may be removed,” said Rinpoche.

The author Segius L Kuzmin said that according to him, Tibet once had its own independence and unique national identity.

“I expect that people will compare different evidences from both sides, from the Tibetan side and the Chinese side, and from unbiased researchers and they may share my conclusion, or they may be different from me in their conclusion because the facts and evidences, which are the bases of my conclusions are also included in this book,” said Kuzmin.

“The main conclusion is that Tibet has been always independent and now it is an occupied country,” he added.

The event was co-hosted by Moscow-based Save Tibet Foundation and Library of Tibetan Works and Archives (LTWA), Dharamsala. (ANI)

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Krishna to visit China on April 5

March 29, 2010 By Leave a Comment

New Delhi, Mar 29 (ANI): External Affairs Minister SM Krishna will visit China on April 5, in which the two Asian giants would further reaffirm their strong bilateral ties.

During his stay, he will hold consultations on bilateral, regional and global issues of mutual interest with his Chinese counterpart Yang Jiechi.

They are likely to set dates for the 14th round of talks between their Special Representatives to resolve the boundary dispute that sparked a war in 1962.

He will also flag off the celebrations to mark the 60th Anniversary of the establishment of diplomatic relations between the Republic of India and the People”s Republic of China.

He will also formally inaugurate the Festival of India in China. (ANI)

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Tibetans living-in-exile surprised over China’s opposition to Dalai Lama’s visit

September 17, 2009 By Leave a Comment

Gangtok, Sep 17 (ANI): Members of the exiled Tibetan community living at Gangtok said China’s opposition to the Dalai Lama’s visit to Arunachal Pradesh is “surprising”.

The Dalai Lama plans to visit Arunachal Pradesh soon. China has claimed part of Arunachal as its territory.

The exiled Tibetan spiritual leader’s aide said the Dalai Lama would be in Arunachal Pradesh state in the second week of November.

The intended visit has already sparked off controversy. China claims about 90,000 sq km of Arunachal Pradesh as part of its territory.

The Dalai Lama’s travel plan was announced a week after the completion of his visit to Taiwan, a self-ruled island claimed by Beijing. China denounced the trip.

“This time round when they (Chinese Authorities) are making some kind of pressure or some kind of opposition to the upcoming visit of his holiness to Arunachal Pradesh it is really very surprising.

Why would they complain when the government of India has no problem in his holiness visiting Arunachal Pradesh? So why should people of republic of china have some problem?” said Zimba Bhutia, Tibetan youth committee member.

“Chinese authorities have always been against the trip of Dalai Lama. So I think that they should know why Dalai Lama has been there. Dalai Lama has been welcomed by the people of Arunachal Pradesh as the spiritual and a Buddhist monk,” said Dhondup Dorjee, Tibetan welfare officer of Sikkim.

A visit to Arunachal Pradesh could now draw further attention to China’s treatment of Tibetan activists and the Dalai Lama’s calls for cultural and religious freedoms and autonomy. (ANI)

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Tibetans-in-exile at Leh react strongly to Chinese incursion

September 15, 2009 By Leave a Comment

Leh, Sep 15 (ANI): Members of the exiled Tibetan community at Leh reacted strongly to the recent Chinese trespass into India’s border areas in Ladakh region.

Such concern was expressed by functionaries of Tibetan fora based at Leh on Monday.

Warning India of Chinese designs, Kunzang Dechen, President of Regional Tibetan Youth Congress, Leh, termed China as the biggest threat to India.

“China these days is a great threat to India. I have seen through channels…that the Chinese are entering to the border but when Tibet is an independent nation, when Tibet is in between them, China has nothing to bother even. From Indian point of view, this must be settled through Tibet and not through China,” Deche added.

Sonam Gyatso, President of Tibetan Market Welfare Association, Leh, said that if the recent developments in Ladakh are ignored by the government of India, then Ladakh would also meet the same fate as Tibet.

“The one and half kilometres incursion by the Chinese troops in Ladakh…. written at the border area in Chinese ‘Republic of China’, all these will have a bad impact on Ladakh. In Pangong Lake, first they said 45 kilometres is under China and 45 kilometres is under India, which they (Chinese) have extended to 50 kilometres and if Ladakhi government and the authorities ignore this issue then whatever happened in Tibet, the same would happen in Ladakh also since Ladakh is a very isolated region,” Gyatso added.

Officials sources have said that Chinese troops entered nearly 1.5 kilometres into the Indian territory near Mount Gya, which is recognised as the international border by India and China, and painted the word ‘China’ in Cantonese on the boulders and rocks there with red spray paint. The incursions were reported from the area generally referred in the Chumar sector in east of Leh.

The 22,420 ft Mount Gya, also known as “fair princess of snow” by the Army is located at the tri-junction of Ladakh in Jammu and Kashmir, Spiti in Himachal Pradesh, and Tibet. Its boundary was marked during the British era and is regarded as International border by the two countries.

The border patrol discovered the red paint markings on various rocks and boulders along the Zulung La (pass) on July 31 and the Chinese had entered into the area and written “China” all over the place, the sources said.

Indian soldiers later erased the text, writing ‘India’ instead.

This is not the first such reported intrusion. On June 21 Chinese helicopters had violated the Indian air space along the Line of Actual Control in Chumar region. The Chinese troops also reportedly dropped expired tinned food packets in the area. (ANI)

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Tibetans in exile celebrate 49th democracy day in Dharamsala

September 2, 2009 By Leave a Comment

Dharamsala, Sep 2 (ANI): Tibetans-in-exile living in India celebrated the 49th Democracy Day, the anniversary of their government-in-exile in Dharamsala.

Hundreds of Tibetans gathered at the Tsuglagkhang Temple, the main Buddhist temple in the picturesque hill town to mark the occasion.

The celebrations were marked by the hoisting of the Tibetan flag by Samdhong Rinpoche, the Prime Minister of the Tibetan government in exile. Performances by various Tibetan artists and schoolchildren were part of the celebrations.

Tibetan dignitaries expressed their gratitude towards the Indian government for the freedom of expression, which they enjoy, while living in the country.

“In Tibet we had dictatorship under the People’s Republic of China, there is no freedom of expression, no body has any rights, but we here in exile, due to the grace of the Government of India and the people of India, can celebrate democracy day,” said Karma Yeshi, lawmaker, Tibetan government-in-exile

“49 years ago, his Holiness, the Dalai Lama, after having chartered a democratic charter approved by the parliament made the Tibetan administration into a democratic one,” said Thubten Samphel, spokesperson of Tibetan Government-in-Exile.

People’s Liberation Army troops marched into Tibetan region in 1950 and since then China has controlled Beijing considers Tibet as an integral part of its territory. (ANI)

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C B Bhave elected chairman of IOSCO

June 14, 2009 By Leave a Comment

C B Bhave, chairman, Securities and Exchange Board of India (SEBI) has been elected chairman of the Asia- Pacific Regional Committee of the International Organization of Securities Commissions (IOSCO) at the 34th Annual Conference of IOSCO being held at Tel Aviv, Israel.

IOSCO is recognized as the international standard setter for securities markets.

The members of the Asia-Pacific Regional Committee are Australia, Bangladesh, Brunei, People`s Republic of China, Hong Kong, India, Indonesia, Japan, Korea, Kyrgyz Republic, Malaysia, Mongolia, New Zealand, Pakistan, Papua New Guinea, Philippines, Singapore, Sri Lanka, Chinese Taipei, Thailand and Vietnam.

The Organization`s wide membership regulates more than 90% of the world`s securities markets and IOSCO is the world`s most important international cooperative forum for securities regulatory agencies. IOSCO members regulate more than one hundred jurisdictions.

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Tibetan peace activists reach Dharamsala

May 20, 2009 By Leave a Comment

Dharamsala, May 20 (ANI): After having spent almost one year in mountainous jungles and valleys to evade the Chinese authorities who were tracking them for being a part of the peace campaign of March-2008 in Lhasa, the five Tibetans finally made it to Dharamsala.

The five peace activists were critical of the Chinese rule in their homeland and presented a gruesome picture while addressing media persons at Dharamsala on Tuesday.

The press conference was hosted by the Department of Information and International Relations (DIIR) of the Tibetan government-in-exile.

The five Tibetans- Gedun Gyatso, Kelsang Jinpa, Jamyang Jinpa, Lobsang Gyatso and Jigme Gyatso- had arrived on Sunday.

Gedun Gyatso and Kelsang Gyatso took part in the peace campaigns and anti-Chinese protest rallies in Sangchu County of Labrang on March 14, 2008 whereas, Jamyang Jinpa, Losang Gyatso and Jigme Gyatso spoke openly on April 9, 2008 before a visiting team of international media.

They had exposed the repressive policies of the Chinese authorities in Tibet and also about the pathetic state of Tibetans living under constant fear and intimidation.

“Chinese government is torturing, crushing and robbing Tibetan people. They ignore human rights and international journalists,” said Lobsang Gyatso.

“We appeal to the international community, journalists and human rights organisations that they should visit Tibet and see what is happening there and find out the real face of China,” he added.

Since March 10, 2008 the Tibetans people living inside Tibet have been expressing their strong indignation and pent-up resentment in the form of peaceful protests against what they term as the wrong policies of People’s Republic of China. (ANI)

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Gambian President Jammeh visits Taiwan

April 22, 2009 By Leave a Comment

Taipei – Gambian President Yayah A. J. J. Jammeh arrived in Taiwan Monday for a four-day visit to boost diplomatic ties between Gambia and Taiwan.

During the visit, Jammeh will meet with President Ma Ying-jeou to discuss international affairs and issues of common interest, the Foreign Ministry said.

The Gambian delegation will also visit the Council of Agriculture, Central Police University, Taipei National University of the Arts, National Kaohsiung Hospitality College, National Pingtung University of Science and Technology, Aeon Lighting Technology Inc., Kaohsiung Dream Mall and other establishments, it added.

Members of the Gambian delegation include Minister of Foreign Affairs and Gambians Abroad Omar A. Touray, Minister of Fisheries and Water Resources Yankuba Touray, Minister of Trade, Industry and Employment Abdou Kolley as well as Minister of Tourism and Culture Ms Nancy Nije.

Gambia is one of the 23 countries which recognize Taiwan, formally called the Republic of China.

More than 170 counties recognize China and see Taiwan as part of China, but some of them maintain trade and cultural ties with Taiwan. (dpa)

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Nam Tai Electronics, Inc. Updates Corporate Developments

April 18, 2009 By Leave a Comment

HONG KONG, April 16 /PRNewswire-FirstCall/ — Nam Tai Electronics, Inc. (“Nam
Tai” or the “Company”) (NYSE: NTE) today announced the following corporate
updates:

1. Changes of PRC headquarters and Investor relations contact

Nam Tai closed its Macao office on April 1, 2009. Accordingly, the Company’s
PRC headquarters and investor relations contact information has been changed
with immediate effect as follows:

PRC headquarters:
Address: Gushu Industrial Estate, Xixiang,
Baoan, Shenzhen, People’s Republic of China
Tel No.: (86 755) 2749 0666
Fax No.: (86 755) 2747 1549

Investor relations contact:
Contact person: Mr. Anthony Chan, Vice Chief Financial Officer
Address: Unit 5811-12, 58/F, The Center
99 Queen’s Road Central, Central, Hong Kong
Tel No.: (852) 2341 0273
Fax No.: (852) 2263 1223
Email address: The Investor relations email address remains as
shareholder@namtai.com

2. Results of the conditional cash offer to privatize NTEEP

The results of the Company’s previously announced conditional cash offer to
privatize Nam Tai Electronic and Electrical Products Limited (“NTEEP”), which is
listed on Hong Kong Stock Exchange are as follows:

As of April 6, 2009, the Company had received valid acceptances in respect of
195,899,531 shares of NTEEP held by NTEEP’s minority shareholders,
representing approximately 88.46% of the public float shares of NTEEP. Since
the Company was not able to acquire 90% of NTEEP’s public float shares, the
condition of the offer was not satisfied and therefore the proposed
privatization of NTEEP was unsuccessful. As a result, NTEEP will continue to
maintain its listing status on the Hong Kong Stock Exchange. For details of
the results, please refer to the relevant announcements which may be accessed
through NTEEP’s website at http://www.namtaieep.com.

3. Change of Independent Auditor

The Company solicited proposals from accounting firms and conducted an
evaluation process in connection with the selection of the Company’s
independent auditor for the year ending December 31, 2009.

Following this process, on April 15, 2009, the Company’s Board of Directors,
upon recommendation of the Audit Committee, determined to replace Deloitte
Touche Tohmatsu as independent auditor for the Company’s year ending December
31, 2009 and appointed Moore Stephens to serve as the Company’s independent
auditor for 2009.

4. Schedule for Release of Results for First Quarter of 2009

The Company announced that it will release its unaudited first quarter results
for the period ended March 31, 2009 on Monday, May 11, 2009 at 8:00 a.m.
Eastern Time.

5. Update on Delivery of Form 20-F and Mailing of Proxy Materials for 2009
Shareholders’ Meeting

The Company has reconsidered its plan (as announced on March 13, 2009) to mail
a paper copy of its 2008 Annual Report on Form 20-F at the time it sends to
shareholders entitled vote at its upcoming 2009 Annual Meeting of Shareholders
the formal Notice and the Proxy Statement for that meeting. Nam Tai no longer
plans to include a paper copy of its 2008 Annual Report on Form 20-F with its
Notice and the Proxy Statement for its 2009 Annual Meeting of Shareholders.
Since the filing of its Annual Report on Form 20-F for the year ended December
31, 2008 with the SEC on March 13, 2009, that Report has been available from
the Company’s website at http://www.namtai.com/annual/08form20f.pdf. Nam Tai
will continue to deliver within a reasonable time after request a paper copy
of its 2008 Annual Report, including its complete audited financial
statements, free of charge, to any shareholder upon request. To request a
paper copy, please contact the Company by e-mail at shareholder@namtai.com or
by written request to Unit 5811-12, 58/F, The Center, 99 Queen’s Road Central,
Central, Hong Kong, Re: 2008 Annual Report on Form 20-F.

The Company anticipates mailing on or about May 4, 2009 its proxy materials
for its 2009 Annual Meeting of Shareholders scheduled for Friday, June 5, 2009
at the Pan Pacific Vancouver Hotel, 300-999 Canada Place, Vancouver BC, V6C
3B5, Canada.

ABOUT NAM TAI ELECTRONICS, INC.

We are an electronics manufacturing and design services provider to a select
group of the world’s leading OEMs of telecommunications and consumer
electronic products. Through our electronics manufacturing services
operations, we manufacture electronic components and subassemblies, including
LCD panels, LCD modules, RF modules, DAB modules, FPC subassemblies and image
sensors modules and PCBAs for headsets containing Bluetooth(1) wireless
technology. These components are used in numerous electronic products,
including mobile phones, laptop computers, digital cameras, electronic toys,
handheld video game devices, and entertainment devices. We also manufacture
finished products, including mobile phone accessories, home entertainment
products and educational products. We assist our OEM customers in the design
and development of their products and furnish full turnkey manufacturing
services that utilize advanced manufacturing processes and production
technologies.

Nam Tai’s business operations are conducted by its subsidiary, Nam Tai
Electronic and Electrical Products Limited (“NTEEP”), a Hong Kong Stock
Exchange-listed company in which Nam Tai currently owns slightly less than 75
percent of NTEEP’s outstanding share capital. In addition to reports that Nam
Tai files with the SEC, which may be accessed through the SEC’s EDGAR database
at http://www.sec.gov, interested investors may review the website of The
Stock Exchange of Hong Kong at www.hkex.com.hk to obtain information that
NTEEP is required to file under applicable rules of the Hong Kong Stock
Exchange. The stock code of NTEEP in The Stock Exchange of Hong Kong is 2633.
Investors are reminded to exercise caution when assessing such information and
not to deal with the shares of Nam Tai based solely upon reliance on such
information.

(1) The Bluetooth(R) word mark and logos are owned by the Bluetooth SIG, Inc.
and any use of such marks by Nam Tai is under license.

SOURCE Nam Tai Electronics, Inc.

Investor relations: Anthony Chan of Nam Tai, +852-2341-0273, or Fax,
+852-2263-1223, shareholder@namtai.com

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China Sky One Medical, Inc. Announces Conference Call to Discuss Fourth Quarter and…

April 17, 2009 By Leave a Comment

China Sky One Medical, Inc. Announces Conference Call to Discuss Fourth
Quarter and Fiscal Year 2008 Results

HARBIN, China, April 15 /PRNewswire-Asia-FirstCall/ — China Sky One
Medical, Inc. (“China Sky One Medical” or “the Company”) (Nasdaq: CSKI), a
leading fully integrated pharmaceutical company producing over-the-counter
drugs in the People’s Republic of China (“PRC”), today announced that it will
conduct a conference call at 10:00 a.m. Eastern Daylight Time (EDT) on
Thursday, April 16, 2009, to discuss its fourth quarter and fiscal year 2008
financial results.
Joining Mr. Yan-qing Liu, Chairman and CEO of China Sky One Medical, Inc.,
will be Stanley Hao, Chief Financial Officer. The Company plans to issue an
earnings announcement prior to the call.
To participate in the live conference call, please dial the following
number five to ten minutes prior to the scheduled conference call time: (866)
573-1052. International callers should dial (404) 537 – 3305. The Conference
ID for this call is 95492620.
If you are unable to participate in the call at this time, a replay will
be available for fourteen days starting on Thursday, April 16, 2009 at 12:00
p.m. Eastern Time. To access the replay, dial (800) 642-1687, international
callers dial (706) 645-9291 Conference ID 95492620.
About China Sky One Medical, Inc.
China Sky One Medical, Inc., a Nevada corporation, is a holding company.
The Company engages in the manufacturing, marketing and distribution of
pharmaceutical, medicinal and diagnostic products. Through its wholly-owned
subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company
(”TDR”), Harbin First Bio- Engineering Company Limited (“First”),
Heilongjiang Tianlong Pharmaceutical, Inc. (“Tianlong”) and Peng Lai Jin
Chuang Pharmaceutical Company (“Jin Chuang”) the Company manufactures and
distributes over-the-counter pharmaceutical products, which make up its major
revenue source. For more information, visit http://www.skyonemedical.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-
looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements can be identified by the use of forward-
looking terminology such as “believe,” “expect,” “may,” “will,” “should,”
“project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof
or comparable terminology. Such statements typically involve risks and
uncertainties and may include financial projections or information regarding
our future plans, objectives or performance. Actual results could differ
materially from the expectations reflected in such forward-looking statements
as a result of a variety of factors, including the risks associated with the
effect of changing economic conditions in The People’s Republic of China,
variations in cash flow, reliance on collaborative retail partners and on new
product development, variations in new product development, risks associated
with rapid technological change, and the potential of introduced or undetected
flaws and defects in products, and other risk factors detailed in reports
filed with the Securities and Exchange Commission from time to time.
For more information, please contact:

Company Contact:
China Sky One Medical, Inc.
Mr. Yu-Bo Hao, CFO
Tel: +86-451-5399-4069
Email: china_sky_one@yahoo.cn

Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com

SOURCE China Sky One Medical, Inc.

Mr. Yu-Bo Hao, CFO, China Sky One Medical, Inc. at +86-451-5399-4069 or
china_sky_one@yahoo.cn; Or Crocker Coulson, President, CCG Investor Relations
at +1-646-213-1915 or crocker.coulson@ccgir.com

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China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year 2008…

April 17, 2009 By Leave a Comment

China Sky One Medical, Inc. Announces Record Fourth Quarter and Fiscal Year
2008 Results

HARBIN, China, April 15 /PRNewswire-Asia-FirstCall/ — China Sky One
Medical, Inc. (“China Sky One Medical” or “the Company”) (Nasdaq: CSKI), a
leading fully integrated pharmaceutical company producing over-the-counter
drugs in the People’s Republic of China (“PRC”), today announced record
financial results for the fourth quarter and fiscal year ended December 31,
2008.
Fourth Quarter 2008 Highlights
— Total revenues increased 104.0% year-over-year to $26.0 million
— Gross profit increased 95.2% year-over-year to $19.3 million
— Operating income increased 80.4% to $8.9 million from $4.9 a year ago
— Net income increased 68.8% year-over-year to $6.9 million, or $0.45 per
diluted share

Full Year 2008 Highlights
— Total revenues increased 86.2% to $91.8 million
— Gross profit increased 80.9% to $69.4 million
— Operating income increased 91.6% to $35.7 million
— Net income increased 88.2% to $28.9 million, or $1.87 per diluted share
— Common shares began trading on the NASDAQ Global Market under the
symbol “CSKI” on September 15, 2008
— Completed the acquisitions of Heilongjiang Tianlong Pharmaceuticals
Inc., Heilongjiang Haina Pharmaceuticals Inc., and Peng Lai Jin Chuang
Pharmaceutical Company
— Received SFDA final approval for 19 drugs
— Reached an agreement to acquire a proprietary breast drug from Harbin
Medical University

“We are happy to report another quarter of excellent results and a very
strong year filled with many accomplishments. We achieved record financial
performance in 2008 with significant increases in revenue and net income as we
successfully executed our business strategy and made solid progress in
establishing ourselves as a leading pharmaceutical company in China,” said Mr.
Yan-Qing Liu, Chairman and CEO of China Sky One Medical, Inc. “As part of our
strategy, we made a number of important strategic acquisitions that
contributed to our growth and signed several distribution agreements for our
top selling products. We also continued to build and enhance our brand
awareness through a successful marketing and advertising campaign that helped
to increase demand for our products.”
Fourth Quarter 2008 Results
China Sky One’s total revenues increased 104.0% in the fourth quarter to
$26.0 million. This was mainly a result of the Company’s continued efforts to
develop and enhance its sales distribution channels and to insure that its
sales agents and products are visible by those making or influencing key
purchasing decisions.
Gross profit in the fourth quarter was $19.3 million, an increase of 95.2%
on a year-over-year basis. Gross margin decreased to 74.4% of total revenues
from 77.7% in the fourth quarter of 2007. The decrease was attributable to
lower unit selling prices in 2008, by which the Company aims to maintain the
competitiveness in the PRC markets. However, the Company was able to negotiate
a lower purchase price from its suppliers.
Operating expenses in the fourth quarter of 2008 were $10.4 million, up
110.0% from $4.9 million in the fourth quarter of 2007. The increase was
primarily the result of higher selling, general and administrative expenses
associated with the Company’s sales growth, and an increase in R and D spending
during the quarter. Research and development expenses were $2.7 million in
the fourth quarter, compared to $1.4 million in the fourth quarter of 2007.
Operating income was $8.9 million, representing an 80.4% increase from
$4.9 million in the fourth quarter of 2007. Operating margin was 34.4%,
compared to 38.9% in the fourth quarter of 2007.
Provision for income taxes was $2.1 million in the fourth quarter of 2008,
compared to $0.9 million in the same period last year.
Net income for the fourth quarter of 2008 was $6.9 million, or $0.45 per
diluted share, compared to net income of $4.1 million, or $0.25 per diluted
share, in the fourth quarter of 2007.
Full Year 2008 Results
For the full year 2008, total revenues were $91.8 million, up 86.1% from
$49.3 million in 2007. Product sales increased 137% year-over-year to $86.2
million, or 93.8% of total revenues, and contract sales decreased 56.5% year-
over-year to $5.7 million, or 6.2% of total revenues, in 2008.
Gross profit for the full year 2008 was $69.4 million, an increase of
80.9% from $38.4 million in 2007. Gross profit margin was 75.6% in 2008
compared to 77.8% in 2007.
Operating income was $35.7 million, up 91.6% from $18.6 million in 2007.
Operating margin was 38.8%, up from 37.7% in 2007.
Net income for 2008 was $28.9 million, or $1.87 per diluted share,
compared to net income of $15.3 million, or $1.15 per diluted share, in the
year 2007.
Financial Condition
As of December 31, 2008, China Sky One had $40.3 million in cash and
equivalents, approximately $58.0 million in working capital, and no debt.
Stockholders’ equity at December 31, 2008, was $94.9 million, a 194.4%
increase over the $32.2 million recorded at December 31, 2007. In 2008, the
Company raised approximately $23.5 million in net proceeds under a January
2008 private placement of equity.
The Company generated $27.5 million in net cash flow from operating
activities in 2008, up from $11.6 million in 2007.
Recent Events of 2009
In January, the Company qualified for a preferential income tax rate of
15%, versus the regular rate of 25%, when three of its wholly-owned
subsidiaries — Harbin Tian Di Ren Medical Science and Technology (“TDR”),
Heilongjiang Tianlong Pharmaceutical (“Tianlong”), and Harbin First
Bioengineering (“First”) — were granted the High-Technology Enterprise
Certificate by the provincial government in Heilongjiang Province.
In February, the Company’s wholly-owned subsidiary, Peng Lai Jin Chuang
Pharmaceutical Company (“Jin Chuang”), signed an exclusive distribution
agreement with Shaanxi Buchang Group (“Buchang”) for naftopidil dispersible
tablets with an expected sales target of 100 million RMB (US $14.6 million)
over five years. Jin Chuang received SFDA approval to produce and distribute
naftopidil dispersible tablets, which are used to treat benign enlargement of
the prostate, in 2005. Also in February, the Company announced that it had
expanded the sale of its best-selling Slim Patch into South Korea and Sudan
after engaging PAX-Medicare and Lai Li Investment Company as exclusive sales
agents. The product is now available in 26 countries and regions.
In March, the Company announced that it received SFDA approval to
manufacture two new drugs, Calcium Folinate injection, intended as an
auxiliary therapy for sprue, (a disease of the small intestine), infancy-
related megaloblastic anemia, and colonic and rectal cancer; and Policresulen
vaginal suppositories indicated for the treatment of cervical erosion,
cervicitis, and various vaginal inflammations.
2009 Outlook
“We are confident about the prospects for our business in 2009 and will
continue to focus on increasing market share by both strengthening and further
refining our successful sales and distribution network, building and enhancing
our brand image, and making strategic acquisitions that continue to support
our growth,” said Mr. Yan-Qing Liu, Chairman and CEO of China Sky One Medical,
Inc.
“In 2009, we expect full year revenue to increase by 40%, or approximately
$37.0 million, to $128-$130 million, driven by growth in all of our product
sales categories. We expect that net income will increase to $38-$39 million,
resulting in net profit margin of approximately 30%. We expect 2009 gross
margin to be approximately 74% due to higher raw material costs,” Mr. Yan-Qing
Liu added.
Conference Call
The Company will conduct a conference call at 10:00 a.m. Eastern Daylight
Time on Thursday, April 16, 2009 to discuss its fourth quarter and fiscal year
2008 results. To participate in the call, please dial the following number
five to ten minutes prior to the scheduled call time: 866-573-1052.
International callers should dial 404-537-3305. The conference ID for this
call is 95492620. If you are unable to participate in the call at this time, a
replay will be available for fourteen days starting on Thursday, April 16,
2009 at 12:00 p.m. Eastern Daylight Time. To access the replay, dial 800-642-
1687, international callers dial 706 645-9291, conference ID 95492620.
About China Sky One Medical, Inc.
China Sky One Medical, Inc., a Nevada corporation, is a holding company.
The Company engages in the manufacturing, marketing and distribution of
pharmaceutical, medicinal and diagnostic products. Through its wholly-owned
subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company,
Harbin First Bio- Engineering Company Limited, Heilongjiang Tianlong
Pharmaceutical, Inc. and Peng Lai Jin Chuang Pharmaceutical Company the
Company manufactures and distributes over-the-counter pharmaceutical products,
which make up its major revenue source. For more information, visit

http://www.skyonemedical.com.

Safe Harbor Statement
Certain of the statements made in the press release constitute forward-
looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements can be identified by the use of forward-
looking terminology such as “believe,” “expect,” “may,” “will,” “should,”
“project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof
or comparable terminology. Such statements typically involve risks and
uncertainties and may include financial projections or information regarding
the progress of new product development. Actual results could differ
materially from the expectations reflected in such forward-looking statements
as a result of a variety of factors, including the risks associated with the
effect of changing economic conditions in The People’s Republic of China,
variations in cash flow, reliance on collaborative retail partners and on new
product development, variations in new product development, risks associated
with rapid technological change, and the potential of introduced or undetected
flaws and defects in products, and other risk factors detailed in reports
filed with the Securities and Exchange Commission from time to time.

CHINA SKY ONE MEDICAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS AND TWELVE MONTHS ENDED DECEMBER 31, 2008 AND 2007

Three Months Ended Years Ended
December 31, December 31,
2008 2007 2008 2007
(Unaudited) (Audited)

Revenues $25,954,879 $12,723,375 $91,816,183 $49,318,308
Cost of Goods Sold 6,654,502 2,835,176 22,403,303 10,939,531
Gross Profit 19,300,377 9,888,199 69,412,880 38,378,777

Operating Expenses
Selling, general
and administrative 7,341,394 3,365,194 25,482,201 16,163,577
Depreciation and
amortization 335,031 166,556 858,406 443,063
Research and
development 2,693,341 1,406,727 7,412,895 3,158,351
Total
operating
expenses 10,369,766 4,938,477 33,753,502 19,764,991

Income From Operations 8,930,661 4,949,722 35,659,378 18,613,786
Other Income (Expense)
Miscellaneous
income 110,598 40,517 813,704 38,332

Net Income Before
Provision for Income
Tax 9,041,209 4,990,239 36,473,082 18,652,118

Provision for Income
Taxes
Current 2,103,309 885,209 7,616,169 3,319,173

Net Income $6,937,901 $4,109,829 $28,856,914 $15,332,945

Basic Earnings Per Share $ 0.45 $ 0.34 $ 1.91 $ 1.27
Basic Weighted Average
Shares Outstanding — — 15,101,833 12,094,949

Diluted Earnings Per
Share $ 0.45 $ 0.25 $ 1.87 $ 1.15
Diluted Weighted
Average Shares
Outstanding 16,566,776 13,907,696 15,429,136 13,370,528

China Sky One Medical, Inc. and Subsidiaries
Consolidated Balance Sheet

December 31, 2008 December 31, 2007

ASSETS
Current Assets
Cash and cash equivalents $40,288,116 $9,190,870
Accounts receivable 14,978,648 10,867,106
Inventories 462,351 371,672
Prepaid and other current assets 106,386 57,907
Land and construction deposit 8,513,284 8,003,205
Total current assets 64,348,785 28,490,760

Property and equipment, net 21,058,779 6,861,432
Intangible assets, net 15,851,765 1,933,014

$101,259,329 $37,285,206

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities
Accounts payable and
accrued expenses $2,937,068 $3,448,701
Taxes payable 3,362,888 1,567,188
Deferred revenue 26,079 24,504
Total current
liabilities 6,326,035 5,040,393

Stockholders’ Equity
Preferred stock ($0.001 par
value, 5,000,000 shares
authorized, none issued and
outstanding) — –
Common stock ($0.001 par
value, 50,000,000 shares
authorized, 16,306,184 and
12,228,363 issued and
outstanding, respectively) 16,306 12,228
Additional paid-in capital 40,105,134 9,572,608
Accumulated other
comprehensive income 5,566,806 2,271,843
Retained earnings 49,245,048 20,388,134
Total stockholders’
equity 94,933,294 32,244,813

$101,259,329 $37,285,206

China Sky One Medical, Inc. and Subsidiaries
Consolidated Statements of Cash Flows

Years Ended December 31,
2,008 2,007
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $28,856,914 $15,332,945
Adjustments to reconcile net income
to net cash provided (used) by
operating activities:
Allowance for bad debt 37,883 –
Depreciation and amortization 858,406 443,063
Share-based compensation
expenses 315,662 235,468
Decrease (increase) in operating
assets:
Accounts receivable and other
receivables (3,398,228) (7,478,964)
Inventories (65,762) (73,142)
Prepaid expenses and others (23,840) 93,463
Land and construction deposit 4,084 –
Increase (decrease) in operating
liabilities:
Accounts payable and accrued
liabilities (677,722) 2,136,356
1,660,382 960,170
Deferred revenue (25,674) (47,879)

Net cash provided (used) by
operating activities 27,538,021 11,601,480

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets (11,167,396) (2,222,448)
Purchase of land use rights 4,084 (8,003,205)
Purchase of intangible assets (11,951,210) (35,280)

Net cash provided (used) by
investing activities (23,114,522) (10,260,933)

CASH FLOWS FROM FINANCING ACTIVITIES
Sales of common stock for cash,
net of offering costs 23,487,963 –
Proceeds from warrants
conversion 1,867,507 515,834
Payment to short-term loan — (548,350)

Net cash provided (used) by
financing activities 25,355,470 (32,516)

Effect of exchange rate changes on
cash 1,318,277 1,296,039

NET INCREASE IN CASH AND CASH
EQUIVALENTS $31,097,246 $2,604,070

CASH AND CASH EQUIVALENTS AT
BEGINNING OF YEAR 9,190,870 6,586,800

CASH AND CASH EQUIVALENTS AT END OF
YEAR $40,288,116 $9,190,870

For more information, please contact:

Company Contact:
China Sky One Medical, Inc.
Mr. Yu-Bo Hao, CFO
Tel: +86-451-5399-4069
Email: china_sky_one@yahoo.cn

Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915
Email: crocker.coulson@ccgir.com
Web: http://www.ccgirasia.com

SOURCE China Sky One Medical, Inc.

Mr. Yu-Bo Hao, CFO, China Sky One Medical, Inc. at +86-451-5399-4069 or
china_sky_one@yahoo.cn; Or Crocker Coulson, President, CCG Investor Relations
at +1-646-213-1915 or crocker.coulson@ccgir.com

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ChinaTel Announces Delay in Filing Form 10-K Annual Report

April 17, 2009 By Leave a Comment

IRVINE, Calif.–(Business Wire)–
China Tel Group, Inc. (ChinaTel) (OTCBB:CHTL), a leader in high speed wireless
broadband and telecommunications infrastructure engineering and construction
services, today announced the filing of ChinaTel`s 2008 annual report under the
Securities Act of 1934 on Form 10-K will be delayed. The failure of ChinaTel to
file its Form 10-K by April 15, 2009 will result in an “E” being added to
ChinaTel’s trading symbol indicating ChinaTel is late on its filings with the
Securities and Exchange Commission. The addition of the “E” to the trading
symbol of ChinaTel will not affect the quoting of ChinaTel’s shares during a
thirty day grace period to resolve the delinquency.

ChinaTel fully intends to complete its annual report on Form 10-K and comply
with its reporting obligations under the Securities Exchange Act of 1934.
ChinaTel believes the audit of its financial results for its fiscal year ending
December 31, 2008 and the Form 10-K annual report will be completed and filed
within the allowable period to address its delinquent filing status.

About China Tel Group, Inc.

China Tel Group, Inc. (ChinaTel), through its controlled subsidiaries, provides
fixed line telephone, conventional long distance, high speed wireless broadband
and telecommunications infrastructure engineering and construction services.
ChinaTel is presently building, deploying and operating wireless broadband
telecommunications networks in Asia and South America: (I) a 3.5GHz wireless
broadband telecommunications network in 29 cities across the People`s Republic
of China (PRC) with and for CECT-Chinacomm Communications Co., Ltd., a PRC
company that holds a license to build the high speed wireless broadband
telecommunications network throughout the PRC; and (II) a 2.5GHz wireless
broadband telecommunications network in cities across Peru with and for Perusat,
S.A., a Peruvian company that holds a license to build a high speed wireless
broadband telecommunications network throughout Peru. ChinaTel`s vision remains
clear: (i) to acquire, build, deploy and operate high speed wireless broadband
telecommunications networks in key markets throughout the world; (ii) to deliver
a new world of wireless communications applications; and (iii) to invest in
building long-lasting relationships with customers and partners to lead the
broadband industry in customer service and responsiveness. ChinaTel`s strategy
is to build leading-edge IP-leveraged solutions advanced by its worldwide
infrastructure and leadership in emerging markets.

ChinaTel Group Investor Relations
877-260-9170
investors@chinatelgroup.com

Copyright Business Wire 2009

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China publishes national human rights action plan

April 13, 2009 By Leave a Comment

Beijing, Apr.13 (ANI): “China has a long road ahead in its efforts to improve its human rights situation,” though unremitting efforts have been made to promote and safeguard human rights since the founding of the People’s Republic of China in 1949, which “fundamentally” changed the fate of the Chinese people.

The country published its first working plan on human rights protection Monday, pledging to further protect and improve the country’s human rights conditions in an all-round way.

The National Human Rights Action Plan of China (2009-2010), issued by the Information Office of the State Council, or Cabinet, highlighted various human rights that would be promoted and protected in less than two years, from people’s right to work, to the rights of detainees and the disabled, Xinhua reports.

The death penalty will be “strictly controlled and prudently applied,” “impartial and fair trials” of litigants will be guaranteed, and the people will enjoy more rights to be informed and to be heard, the government promised.

More job opportunities will be created, per capita income will be increased, social security network will be broadened, and health care and education will become more accessible and affordable in order to guarantee the people’s economic, social and cultural rights.

The document also detailed how the government will do to “guarantee human rights in the reconstruction of areas hit by the devastating earthquake in Wenchuan, Sichuan Province” on May 12, 2008, in which about 87,000 people were confirmed dead or missing, more than 370,000 were injured, and at least 15 million people were displaced.

It says that by the year 2010, the registered urban unemployment rate will be kept below 5 percent, according to the human rights action plan.

The government is to reduce the number of deaths caused by industrial accidents per 100 million yuan (US$14.3 million) of GDP by 35 percent compared with the figure for 2005, and the deaths per 100,000 workers in factories, mines and businesses by 25 percent, according to the plan.

It said that those goals will be realized by strengthening labor protection, and improving production conditions in accordance with the Law on Safe Production. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Tibetans protest against death sentence awarded to two persons in Lhasa

April 10, 2009 By Leave a Comment

Dharamsala, Apr 10 (ANI): The Tibetan government-in-exile came out strongly against award of death sentence to two Tibetans for their role in riots in Tibet’s capital of Lhasa last year.

“The Kashag of Central Tibetan Administration is deeply concerned that two Tibetans have been sentenced to death. Two other have been given suspended life sentence with two years reprieve. The Kashag concern on this kind of arbitrary sentence meted out to Tibetans is exasperated by the fact that there is no due process of law. The courts in the people’s republic of China are political instruments of the authorities,” Thubten Samphel, spokesperson of Tibetan government-in-exile said.

A Tibetan human rights activist termed the death sentence as an example of China trying to flex its muscle.

“They have made the announcement just after the conclusion of G-20 summit in London. I think they are making this kind of announcement with two primary things in mind. First is that they have developed a new kind of confidence that the world community, international community cannot challenge them. They know they have become indispensable in this falling global economic recession time. They know they have their free hand and they can do whatever they want,” said Tenzin Norgey, coordinator of the Tibetan Centre for Human Rights and Democracy.

China’s official news agency Xinhua said on Wednesday that the Two Tibetan accused were found guilty of “starting fatal fires” during the riot, citing a court spokesman. Two others got suspended death sentences and another life imprisonment.

Protests by Buddhist monks against Chinese rule on March 14 last year led to the deaths of 19 people and sparked waves of protests in Tibetan areas.

Tibetan exiles say more than 200 people died in the crackdown. (ANI)

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