Oxford Investments Holdings Inc.
OTC Bulletin Board : OXIHF

Oxford Investments Holdings Inc.

February 27, 2007 09:25 ET

Oxford Investments Holdings Enters Partnership With Hongxin Insurance Agency of China

TORONTO, ONTARIO--(CCNMatthews - Feb. 27, 2007) - Oxford Investments Holdings Inc. (OTCBB:OXIHF) is pleased to announce that it has entered into an agreement to acquire fifty percent (50%) of the Hongxin Insurance Agency, of China, through Oxford's joint venture partner the Ko-Ho Group. The Company expects the acquisition to be consummated and closed within the next 21 business days.

Hongxin is an insurance agency selling insurance policies and financial instruments for most major insurance companies in China since 2004. It is under license issued by China Insurance Supervisory Committee to provide corporate and individual insurance products, risk management and consultation services. In addition to established relationships with some 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 (Guangdong Branch)'s "Automotive Card". Hongxin is also issuing thousands of insurance cards to the members of the largest mail-ordering company in China, which has more than 4 million clients. The managing director of Hongxin, Mr. Ming-wei Ye, as a FLMI of Loma (USA) has more than 20 years of experiences in professional management of banking, insurance and investment services.

The Province of Guangdong, historically known as Canton, is situated in the southern part of China mainland and has permanent population of 74,730,000. Guangzhou city is the main economic, communication and cultural center of Guangdong province. The GDP per person reached USD11,000 in 2006.

Hongxin Insurance is the second of a number of acquisitions Oxford anticipates making in China and is an ideal partner to market Oxford's FocusKard suite of payment solutions into China and Southeast Asia.

"Our acquisition of Hongxin Insurance is another step towards the successful introduction of our FocusKard suite of payment solutions into China and Southeast Asia," stated Michael Donaghy President of Oxford Investments Holdings. "We believe that Hongxin is in a position to expand the FocusKard electronic payment services and solutions to cover this new area of operations," he added.

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.

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.

Contact Information

  • Oxford Investments Holdings Inc.
    Michael Donaghy
    1-800-293-4871
    Website: www.oxsof.com
    or
    Grinslade Investments
    Matthew Lewis
    Email: matt@oxsof.com