NEW YORK, July 19 /PRNewswire-FirstCall/ -- China Networks International Holdings Ltd. (NYSE Amex: CNR) ("CNIH") today reported that it was informed by the NYSE Amex at 3:15PM on Friday, July 17, 2009 that as of the close of trading on that date the Company's listed securities were to be suspended from trading pending satisfaction of certain listing criteria, including primarily the minimum public shareholder count. CNIH is in the process of augmenting its shareholder base and addressing the Exchange's other requests. CNIH expects its securities will become eligible for quotation in the Over-the-Counter market during the period in which the appeal with the Exchange is pending.
About CNIH
CNIH is a provider of broadcast television advertising in the People's Republic of China through joint venture arrangements with state-owned television stations. The Company's principal executive offices are in Beijing, PRC. CNIH is the result of a merger between Alyst Acquisition Corp., a SPAC, and China Networks Media, Ltd., which was consummated effective June 26, 2009. CNIH is incorporated in the British Virgin Islands.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about CNIH. Forward-looking statements are statements that are not historical facts and may be identified by the use of forward-looking terminology, including the words "believes," "expects," "intends," "may," "will," "should" or comparable terminology. Such forward-looking statements are based upon the current beliefs and expectations of CNIH's management and are subject to risks and uncertainties which could cause actual results to differ from the forward- looking statements.
Forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained in this press release. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements in this press release speak only as of the date of this press release and might not occur in light of these risks, uncertainties, and assumptions. Alyst undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
China Networks International Holdings Ltd.
CONTACT: Michael E. Weksel, China Networks International Holdings Ltd.,
+1-646-290-6104, mweksel@gmail.com
