May 29, 2007
Oxford's Foshantong Partnership Launches with Celebration
TORONTO, ON. - May 29, 2007 - Oxford Investments Holdings Inc. (OTCBB: OXIHF) is pleased to announce the launch of the redevelopment of the Foshantong electronic payment smart card program in the Foshan urban region. Oxford will bring their resources and expertise to the redevelopment project through their 35% interest in Foshantong S&T Co., Ltd. with their joint venture partner the Ko Ho Group and Wanzhi S/T Co., Ltd. which, holds 65% of Foshantong.
As reported in the Foshan Daily newspaper a celebratory ceremony took place on May 9, 2007 announcing that "Foshantong will be built as "Octopus"". In attendance were the Vice City Mayor Mak Kit Hua, the Minister of Education, Minister of Public Transportation, GM of China Unicorn Telecom and other VIP's in regional government and business.
In September 2006, Wanzhi, of the Chigo Group, totally acquired "Foshantong" and started planning to establish it to be the small payment platform to cover all the relating lifestyle needs of the citizens in the municipality. Wanzhi Chairman Li Hengho expressed at the ceremony that the forward plan for "Foshantong" is divided into 3 steps; the first is to have the operating system interface to ensure the stability of the operating systems; the second is to promote the usage on education, culture and other social welfare events and gradually expand into small payment services; the last step is to make it a municipal operating card similar to the Hong Kong Octopus card to cover the regime of education, culture, shopping, medical, etc.
As informed, "Foshantong" project will first interface with the Nanhai "Education e-space" project. The function will make 274,000 primary and high school students, 50,000 kindergarten pupils and 14,000 teachers to process 'School Campus One Card Tong", applicable to Foshan Municipality Informatics usage and services. It is estimated that in June, the cards will be issued free of charge. Starting from September, students and teachers will enjoy the services of "Foshantong-Education One Card Tong".
Mr. Lu Chi Hua, Chief of Nanhai Education Bureau said "All schools in Nanhai District are now interfaced with "Foshantong" POS terminal. This will make all Nanhai students having an electronic student ID card and each student will process an electronic recording wallet on growth.
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc. is now establishing itself as a leading online payment solutions Company. The Company is concentrating its business around its "FocusKard" suite of products. The FocusKard suite provides a comprehensive card payment solution meshed with a user-friendly e-wallet for e-commerce businesses.
For further information, please visit Oxford Investments Holdings website at www.oxsof.com or AGORACOM’s Oxford Investor Relations Hub at www.agoracom.com/IR/Oxford, phone Michael Donaghy at 1-800-293-4871 or email OXIHF@agoracom.com.
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Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
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