BUFFALO, N.Y., July 31 /PRNewswire-FirstCall/ -- NexxNow, Inc. (OTC Bulletin Board: NXXN), a sports media and marketing company is pleased to announce that Mr. Huang Dasen Chief Representative, Beijing, of the Shanghai Pudong Development Bank (SPDB) has accepted a position on NexxNow's China Advisory Board.
The China Advisory Board was created to provide NexxNow a platform to expand business initiatives, strategic partnerships and dealings with the investment community. The advisory board will meet frequently with management to lend its business expertise in assisting the company to accomplish its corporate goals in China. Additional member appointments as well as the opening of our China office are expected to be announced within thirty days.
Mr. Huang Dasen stated, "With the recommendation of Dr. Fu Lo Jen, I hereby accept the advisory position of NexxNow, Inc. I look forward to assisting NexxNow with thoughtful advice and recommendation in regard to China's finance, economic market and banking fields, and using this opportunity in welcoming you upon your planned visit to attend our banking conference in Shanghai in September 2008, that we may further our close cooperation between your office and Shanghai Pudong Development Bank.
"I will do my best to cooperate with your esteemed company as an advisor, and look forward to fostering friendly cooperation on economic affairs between China and The United States of America."
Paul Riley, NexxNow's CEO stated, "We are extremely honored that Mr. Dasen has accepted this appointment to our advisory board. As the prior Mayor of two cities and his esteemed standing in the world of finance, Dasen's influence has already benefited NexxNow through introductions and meetings held in China by Pan Asia on the company's behalf. Meetings with the Mayors of Nanjing and Wuhan, many Television properties and prominent officials of the PRC have further defined the course of achieving our goals. The NexxNow initiatives are generating enthusiastic interest and support in China. We are appreciative of the progress Dasen and Pan Asia have made on our behalf."
BIOGRAPHY OF HUANG DASEN
Huang Dasen has been the Chief Representative, Beijing, of the Shanghai Pudong Development Bank (SPDB) since March 2000. He has 30 years of experience in the financial industry and worked at the People's Bank where he was selected to develop the Shanghai International Financial Center.
From 1993 to 1995 he served as Mayor of the City of Qidong, Jiangsu Province, and from 1996 to 1998 he served as Mayor of the City of Nantong, Jiangsu Province.
Mr. Huang received his Bachelor of Arts degree from Nantong University, and completed graduate studies in management at Jiangsu University and the University of International Business and Economics.
About Shanghai Pudong Development Bank
Website: http://www.spdb.com.cn/chpage/c510/
Shanghai Pudong Development Bank, SPDB, incorporated on January 9, 1993 with the approval of the People's Bank of China (28th, August, 1992), is a joint-stock commercial bank with its headquarters located in Shanghai. Shanghai Pudong Development Bank launched a 400 million A-share offer on September 23 on the Shanghai Stock Exchange becoming the first shareholding commercial bank to list with both central bank and China Securities Regulatory Commission's approval since the enforcement of "Commercial Bank Law" and "Securities Law". Thus the registered capital reaches RMB2.41 billion and 320 million shares of the issue were listed on the Shanghai Stock Exchange on November 10, 1999 (stock code 600000). The objectives of SPDB are to provide services for the development of Pudong for the building of Shanghai into one of the international economic, financial and trade centers in the shortest possible time and to contribute to the national economic development and social progress.
By the end of the year 2007, the bank's total assets reached RMB9149.80 billion, the outstanding balance of all deposits stood at RMB7634.73 billion and outstanding loans of RMB5509.88billion Yuan. After-tax profits totaled RMB54.99 billion. The bank has set up 24 directly subordinate branches and sub-branches in Shanghai, Beijing, Tianjing, Chongqing, Hangzhou, Nanjing, Guangzhou, Shenzhen, Kunming, Zhenzhou, Dalian, Jinan, Xian, Chengdu, Shenyang, Wuhan, Taiyuan, Changsha, Harbin, Ningbo, Suzhou, Wenzhou, Wuhu, etc, with a total of 408 business network sites.
About the Company (OTC Bulletin Board: NXXN)
About NexxNow, Inc.
NexxNow, Inc. is a diversified Sports Media and Marketing Company that Provides technologically powered multi-media ad platforms to National/International Advertisers. NexxNow China, Inc. (Subsidiary) is pursuing the television broadcast of professional sporting events to and from China.
Information on the company and a fact sheet can be found on http://www.nexxnow.com.
Forward Looking Statement:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
CONTACT INFORMATION:
Market Vision Consulting, Inc.
Robert Gartzman
Phone (561) 447-7177
SOURCE NexxNow, Inc.
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