China Cablecom to Report Fourth Quarter and Fiscal Year 2008 Financial Results and Host Conference Call on March 25th
05 Marzo 2009 - 4:00PM
PR Newswire (US)
SHANGHAI, China, March 5 /PRNewswire-FirstCall/ -- China Cablecom
Holdings, Ltd. ("China Cablecom" or the "Company") (NASDAQ:CABL)
(NASDAQ: CABLW) (NASDAQ:CABLU), a joint-venture provider of cable
television services in the People's Republic of China ("PRC"),
today announced that it will report its financial results for the
fourth quarter and the fiscal year ended December 31, 2008, before
the open of US markets on March 25, 2009. In addition, China
Cablecom's management team will host an earnings conference call at
8:30 a.m. Eastern Time on March 25, 2009 (8:30 p.m. on March 25,
2009 Shanghai time). Mr. Clive Ng, Founder and Executive Chairman
of China Cablecom, will be joined by Mr. Pu Yue, the Company's
Chief Executive Officer, and Mr. Sikan Tong, currently the Senior
Vice President of Finance and assuming the duties of the Chief
Financial Officer at the end of the month, to discuss its financial
results for the fourth quarter and full year 2008. To participate
in this call, interested parties may dial +1-800-762-8779 (US) or
+1-480-629-9031 (International). Alternatively, participants may
listen to the live broadcast of the call over the internet at China
Cablecom's Investor Relations website
(http://www.chinacablecom.net/investors). A replay of the
conference call will be available through April 8, 2009 until
midnight Eastern Daylight Time by dialing +1-800-406-7325 (US) or
+1-303-590-3030 (International) and entering access code 4018139.
About China Cablecom China Cablecom is a joint-venture provider of
cable television services in the People's Republic of China,
operating in partnership with a local state-owned enterprise
("SOE") authorized by the PRC government to control the
distribution of cable TV services through the deployment of analog
and digital cable services. In June 2008, China Cablecom
consummated an agreement to acquire a 60 percent economic interest
in a cable network in Hubei province with paying subscribers
exceeding 800,000. The Company originally acquired operating rights
of the Binzhou Broadcasting network in Binzhou, Shandong Province
in September 2007 by entering into a series of asset purchase and
services agreements with a company organized by SOEs, owned
directly or indirectly by local branches of State Administration of
Radio, Film and Television in five different municipalities to
serve as a holding company of the relevant businesses. China
Cablecom now operates 28 cable networks with over 1.4 million
paying subscribers. China Cablecom's strategy is to replicate the
acquisitions by operating partnership models in other
municipalities and provinces in the PRC and then introducing
operating efficiencies and increasing service offerings in the
networks in which it operates. Safe Harbor Statement The matters
discussed in this press release contain "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements contained in this
presentation and in the Company's other written and oral reports
are based on current Company expectations and are subject to risks
and uncertainties, which could cause actual results to differ
materially. Any 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 herein. These forward-looking
statements are subject to numerous risks, uncertainties and
assumptions. The forward-looking statements herein speak only as of
the date stated herein and might not occur in light of these risks,
uncertainties, and assumptions. The Company 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. You should carefully
consider these factors as well as the additional risk factors
outlined in the filings that the Company makes with the U.S.
Securities and Exchange Commission, including the Registration
Statement on Form S-1 filed on April 18, 2008. CONTACT: China
Cablecom Holdings, Ltd. Debra Chen Phone: 917.499.8129 Email:
http://www.chinacablecom.net/ DATASOURCE: China Cablecom Holdings,
Ltd. CONTACT: Debra Chen of China Cablecom Holdings, Ltd.,
+1-917-499-8129, Web Site: http://www.chinacablecom.net/
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