June 26, 2007
Oxford Investments Holdings Update
on Hongxin Insurance Agency of China
Hongxin Obtains Regulatory Approval
To Open New Branches
TORONTO, ON. – June 26, 2007 – Oxford Investments Holdings Inc. (OTCBB: OXIHF) is pleased to provide an update on the operations of Hongxin Insurance Agency Co., a company of which Oxford holds a 50% share through KoHo Management Ltd.
Hongxin has obtained approval from the provincial government to establish up to ten office locations in the Guangdong province, which is situated in the southern part of China mainland and has permanent population of 74,730,000. In Dongguan, which is the 2nd highest GNP city in China, the sales and marketing staff have completed training and are now promoting insurance sales, via telemarketing. The next call center to be established is in the city of Foshan. Plans are currently being implemented to establish additional new call centers once Dongguan and Foshan are operating smoothly.
In addition to established relationships with major enterprises, Hongxin has established partnership relationships with some major banks in China to provide insurance to their cardholders. Currently Hongxin is the designated sole insurance agent for the cardholders of China Construction Bank’s (Guangdong Branch) “Automotive Card”. The “Automotive Card” is a roadside assistance and automotive services program, and it offers a discount on automotive insurance purchased through Hongxin.
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 ewallet 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.
FORWARD LOOKING STATEMENTS DISCLAIMER:
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.
This release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be a sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of such securities under the laws of any such jurisdiction. This press release was accurate at the time it was issued but may not reflect the Company's current strategy or product offerings.
