Press Releases

BEIJING, Dec. 4 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports & Entertainment Limited (Nasdaq: XSEL; "XSEL"), a leading sports and entertainment media company in China, announced today that it has entered into an agreement to acquire NuCom Online Corporation ("NuCom"). NuCom is a leading sports media company which owns China's largest sports portal, NuBB (http://www.nubb.com ). As a result of the transaction, shareholders of NuCom including KPCB China will become shareholders of XSEL.

Launched in August 2005, NuBB provides quality and popular broadband sports content, including live and delayed NBA games and highlights, and has one of the largest online sports communities in China with over 8 million registered users, 1.5 million average daily click-thru of video highlights, and over 15 million monthly unique visitors. The NuBB sports portal is the most advanced and robust sports site in China with functionality that includes fantasy sports, live chat rooms, daily updated sports news and events.

NuCom also currently possesses an internet broadband broadcasting license in China, which allows streaming live content on the internet, and is among only 23 non-government affiliated companies to have attained this license by the State Administration of Radio, Film and Television of China ("SARFT").

Under the terms of the transaction, NuCom is valued at US$27.6 million. XSEL will issue approximately 8.5 million American depositary shares, (or "ADS") valued at US$1.83 per ADS. An additional 6.6 million ADS will be issued only if NuBB achieves certain revenue targets for 2010 and 2011. Management believes NuBB may generate average annual net income of US$2.3 million for the period between 2010 to 2012.

"XSEL is excited to welcome KPCB China as a new shareholder to the Company," said Ms. Fredy Bush, XSEL CEO. "NuBB gives XSEL a large internet presence which greatly enhances our overall sports media platform."

"We are very excited to see the joining of these two companies and look forward to the many new opportunities that will arise as a result," said Tina Ju, Managing Partner of KPCB China. "NuCom will further enhance XSEL's position in China's media industry and will create unparalleled choices for consumers, while also creating long-term value for shareholders of both companies which are consistent with our investment philosophy."

Upon the closing of the transaction, Mr. Allen Hsu will join XSEL as a new independent director of the board. Mr. Allen is Chairman of Pac-Link Management Corporation, a Taiwan-based venture capital firm founded in 1998, which currently manages a portfolio of US$430 million with a focus on IC design, semi-conductor, telecommunication, LED, and clean energy companies. In addition, Mr. Hsu also serves as Deputy Managing Director of the Yulon Group, a leading Taiwanese conglomerate involved in textiles and automobile manufacturing, and is responsible for the Group's business diversification and investment.

Ms. Bush added, "We welcome Mr. Allen Hsu as a new Director. XSEL sees significant synergies between our two organizations with XSEL's ability to sell advertising combined with NuBB's advanced technology, significant traffic and online membership. In addition, we believe adding an e-commerce component such as sports products to a site where there are 8 million registered users represents a considerable opportunity for a new revenue stream in the near future."

Transaction Details

XSEL will issue approximately 17 million common shares to the shareholders of NuCom (equivalent to 8.5 million American depositary shares, or "ADS") and valued at $0.915 per common share, or $1.83 per ADS. An additional 13.2 million common shares (equivalent to 6.6 million ADS) will be issued if NuBB achieves certain revenue targets for 2010 and 2011.

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 shares are listed on the NASDAQ Global Market (NASDAQ: XSEL). For more information, please visit http://www.xsel.com .

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, any 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, please contact:

    Media Contact
     Joy Tsang
     XSEL
     Phone: +86-10-8567-6050; +86-136-2179-1577
     Email: joy.tsang@xsel.com

    IR Contact
     Edward Liu
     XSEL
     Phone: +86-10-8567-6061
     Email: edward.liu@xsel.com

     Howard Gostfrand
     American Capital Ventures
     Phone: +1-305-918-7000; toll free +1-877-918-0774
     Email: info@amcapventures.com

SOURCE Xinhua Sports & Entertainment Limited

CHARLOTTE, N.C., Dec. 4, 2009 (GLOBE NEWSWIRE) -- Since his youth, author Jeff Helms has struggled with many different physical and medical problems. With all the hassles and costs that happened, he persevered to improve himself and tried to live decently. An engaging look at his lifelong struggles awaits readers as Xlibris releases his autobiography, Persevering.

Persevering takes a long look back at Helms' life and his pursuit to live better. Readers will learn that he suffered from a variety of conditions that include brain tumors and lesions, tinnitus, and physical growth problems. Through the years, he had to meet many doctors, go through different types of treatments and procedures, and pay the high costs that came with them. As he got treated, he encountered countless challenges both personally and socially. Despite all the problems, Helms developed the will to move forward and live his life to the best that he could. How he lived and what he thought will inspire readers and educate them about his conditions.

Persevering will give any reader a heartwarming reading experience as well as reflections about the plight of sufferers. Readers who wish to order a copy of this book are encouraged to visit Xlibris.com or call (888) 795-4274 today.

About the Author

Jeff Helms resides in Charlotte, North Carolina.

                     Persevering * by Jeff Helms
                 Publication Date: November 25, 2009
         Trade Paperback; $15.99; 93 pages; 978-1-4415-8292-8
         Trade Hardback; $24.99; 93 pages; 978-1-4415-8293-5

Members of the media who wish to review this book may request a complimentary paperback copy by contacting the publisher at (888) 795-4274 x. 7479. To purchase copies of the book for resale, please fax Xlibris at (610) 915-0294 or call (888) 795-4274 x. 7876.

For more information, contact Xlibris at (888) 795-4274 or on the web at www.Xlibris.com.

CONTACT:  Xlibris
          Marketing Services
          (888) 795-4274 x. 7876
          MarketingServices@Xlibris.com

NORTH VANCOUVER, British Columbia--(BUSINESS WIRE)-- EnviroResolutions, Inc. (ENVI.PK), a publicly traded company on the pink sheets is pleased to announce the signing of a Letter of Intent to Private Label its ENVI-Clean technology with Blue Flame Stoker Inc. (BFS) of Headingley, Manitoba. BFS is a fully integrated engineering and design manufacturer of boiler systems, material handling accessories and emissions control devices. They are deeply integrated into the agriculture business and believe that ENVI-Clean products will provide state of the art solutions for their existing clients and bring them into new industries where sulphur removal and odor control are required.

"Having a reputable company like Blue Flame private label our product, shows that emissions regulations are being taken seriously by both industry and the companies that provide them with solutions," reported Geoffrey Pershick, EnviroResolutions' Sales Director. He added, "we are excited to work with BFS, as their client base reaches from the Atlantic to the Pacific".

"Whenever there is a request to private label by a reputable company like BFS, it is considered to be a massive compliment," stated Ken McClelland, EnviroResolutions Inc. President and CEO. He also mentioned "the agriculture industry holds a variety of issues we are able to address and believe our ENVI-Clean technology will integrate perfectly with the environmental issues of which BFS specializes."

EnviroResolutions Inc. has the exclusive worldwide rights to design, manufacture and market patented emission reduction technologies. The Company is currently focused on sales of its scrubbing technology to biomass and sulphur emission applications.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation and/or claim, as applicable, "...believe that ENVI-Clean products will provide state of the art solutions for their existing clients and bring them into new industries...", "the agriculture industry holds a variety of issues we are able to address and believe our ENVI-Clean technology will integrate perfectly with the environmental issues of which BFS specializes."

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, (1) the inherent uncertainties associated with the development of an early stage company in the emissions control industry and its products and the entry into new markets for such products; (2) the risk that ENVI does not execute its business plan; (3) ENVI not being able to retain key employees; (4) markets for ENVI's products not developing as expected; and (5) ENVI's inability to finance its operations or growth. These forward-looking statements are made as of the date of this news release, and EnviroResolutions assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although EnviroResolutions believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein.

    Source: EnviroResolutions, Inc.

BEIJING, Dec. 4 /PRNewswire-Asia-FirstCall/ -- Xinhua Sports & Entertainment Limited (Nasdaq: XSEL; "XSEL"), a leading sports and entertainment media company in China, announced today that it has entered into an agreement to acquire China Sports Media ("CSM"), China's leading sports media rights distributor. CSM has popular domestic, Asia, and other content including the China Basketball Association (CBA), China Soccer League (CSL), AFC Champions League, Soccer's World Cup Qualifiers, AFC Asian Cup, Mission Hills Golf World Cup, FIFA Club World Cup, FIVB Volleyball World Championships and others.

CSM has over 80% of the Chinese sports television rights and distribution market, and is the long term partner of the All-China Sports Federation for its television rights business. CSM was also the working partner of the Chinese Olympic Committee.

Ms. Fredy Bush, XSEL's CEO commented, "CSM's current portfolio of popular domestic and Asia sports content combined with XSEL's wide range of international content makes us the leading sports rights owner in China. Furthermore, XSEL has a broad distribution platform that CSM will be able to utilize for its sports content."

Mr. Li Yi Dong, CEO of CSM said: "We are excited to be joining the XSEL family and look forward to working with our new colleagues to continue to grow the Company's leading position in China's burgeoning sports media market."

Under the terms of the transaction, CSM is valued at US$15.5 million, of which US$10.5 million will be paid in the form of approximately 5.7 million American depositary shares, (or "ADS") valued at US$1.83 per ADS and US$5 million in cash. Management believes that CSM may generate average annual net income of US$3.3 million for the period from 2010 to 2012.

Mr. LC Chang, a shareholder and director of CSM, will be appointed to the senior management of XSEL with the title of President, reporting to Fredy Bush, CEO, and will be appointed as a new director. Previously, Mr. Chang served as Executive Vice-President and Chief Marketing Officer of Sina.com responsible for its global operations, brand integration, marketing and online media sales. Prior to that, Mr. Chang was General Manager of Grey Advertising Taiwan from 1992 to 2000.

Ms. Bush added, "We welcome Mr. LC Chang to our senior management as President and also as a board member. We look forward to his valuable insights and contributions to XSEL's vision to become the leading sports media company in China."

Transaction Details

At the closing of the transaction, XSEL will issue an initial tranche of approximately eight million common shares (equivalent to 4,000,000 American depositary shares, or "ADS"), valued at US$0.915 per share (equivalent to US$1.83 per ADS), and pay US$1 million in cash to CSM's selling shareholder, with a further US$4 million in cash and approximately 3.4 million common shares to be delivered if CSM achieves certain net income and cash flow targets for 2010 and 2011.

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 shares are listed on the NASDAQ Global Market (NASDAQ: XSEL). For more information, please visit http://www.xsel.com .

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, any 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, please contact:

    Media Contact
     Joy Tsang
     XSEL
     Phone: +86-10-8567-6050; +86-136-2179-1577
     Email: joy.tsang@xsel.com

    IR Contact
     Edward Liu
     XSEL
     Phone: +86-10-8567-6061
     Email: edward.liu@xsel.com

     Howard Gostfrand
     American Capital Ventures
     Phone: +1-305-918-7000; toll free +1-877-918-0774
     Email: info@amcapventures.com

SOURCE Xinhua Sports & Entertainment Limited

SUGAR LAND, TX -- (MARKET WIRE) -- 12/04/09 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Consumers Co-operative Refineries Limited (CCRL) (Regina, Saskatchewan) is not letting current market conditions deter it from moving forward with construction of the $1.9 billion expansion project currently under way at its Regina refinery. The project consists of several new unit additions and major revamps to existing units. Construction on the new units began in the summer of 2009, and revamp modifications are expected to begin in the spring of 2010. The entire project will be complete in 2012 and will increase the total output of Saskatchewan's only oil refinery from 100,000 barrels per day (BBL/d) to 130,000 BBL/d.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=153233, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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Contact:
Joe Govreau
713-783-5147