NexxNow, Inc. Appoints China Expert Dr. Fu Lo Jen Chairman of NexxNow’s China Advisory Board
BUFFALO, N.Y., June 24 /PRNewswire-FirstCall/ — NexxNow, Inc. (BULLETIN BOARD: NXXN) , a sports media and marketing company, is pleased to announce that Dr. Fu Lo Jen, an expert on present day China, has accepted an appointment as Chairman of the China Advisory Board of NexxNow, Inc.
The China Advisory Board was formed to help NexxNow accomplish its corporate goals in China and the addition of Dr. Fu will position the Company for expedited penetration of the Chinese market.
“We at NexxNow recognize that operating in China offers extremely positive rewards, and that it also presents many marketplace challenges. Dr. Fu has a tremendous understanding of this market; and to have someone with his knowledge and expertise agree to navigate the business and cultural landscape in China certainly validates the opportunities that we have identified,” commented Paul Riley, Chief Executive Officer of NexxNow, Inc.
Fu Lo Jen was born in Shandong Province almost eighty years ago. His unique life experiences leave him particularly well suited to assist Westerners in doing business with China today. Fu was the son of a powerful and influential family with strong ties to both the Emperors of old China and the Creators of New China. His family members were confidants of Chairman Mao, the founder of the People’s Republic of China, as well as China’s chief architects and advisors in New China’s infancy down through the present day.
Fu spent twenty-five years in the United States as an advisor to International Law Enforcement agencies on Asian matters, including both Taiwan and China. In the early 1980’s he returned to China, where he continued to foster many strong and valuable relationships both in China and the US that allow him to have a complete understanding of the market environment. Because of this unique and deep understanding, Fu Lo Jen is referred to by many, with respect, as the “Last Mandarin.”
Dr. Fu stated, “I have been working with NexxNow for the past 8 months and I am confident we can achieve our broadcast goals by 2010. It is my pleasure to accept this Chairmanship after considerable study of NexxNow, its principals, and its corporate goals. I believe that the goals of NexxNow complement and foster good cultural relations between China and the United States. Based on the current GDP growth rate of 10%, indications are that the Chinese economy will soon catch up with the American economy. This presents an opportunity for NexxNow and The People’s Republic of China to profit from the country’s emergence as a powerful economic giant. With the arrival of the summer Olympics in China this year, NexxNow is in an enviable position to facilitate the delivery of quality sports media.”
Additional member appointments are expected to be announced from the NexxNow China offices in Dalian, China within thirty days. For a full biography on Dr. Fu, please visit .
About the Company (BULLETIN BOARD: NXXN)
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 its professional basketball team (Buffalo Dragons) to China.
Information on the company and a fact sheet can be found on .
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
NexxNow, Inc.
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