Business News

Xinyinhai Announces Acquisition of Facilities to Expand Production Capacity

Thursday 17. January 2008 - Xinyinhai Technology, Ltd. (BULLETIN BOARD: XNYH) , announced today that it purchased a new production facility and the related land, allowing for expansion of the Company's operations in the Harbin Development Zone.

This newly acquired production facility will increase Xinyinhai’s production capacity by approximately 50%, as well as allow the Company to consolidate its corporate offices. Established in 1998, Xinyinhai specializes in printing high-end financial documents using ISO-certified state-of-the-art technology and systems employing the latest anti-falsification encryption methods.

“Our business continues to expand at a rapid pace. This acquisition of land and production facilities ensures that we can meet our growth goals. The land we acquired is greater than three times the size of our current location, affording additional space for future increases in capacity. The market for printing of financial documents in China is forecasted to have a 40% growth over the coming years. We expect to expand our presence as one of the leaders in this growing market, both by enlarging our existing business and exploring potential acquisitions,” stated Mrs. Tian Ling, CEO of Xinyinhai Technology.