Oxford Investments Holdings Inc.
OTC Bulletin Board : OXIHF

Oxford Investments Holdings Inc.

April 03, 2007 09:28 ET

Oxford Investments Holdings Enters Partnership With Wanzhi Electron S&T Co., Ltd.

TORONTO, ONTARIO--(CCNMatthews - April 3, 2007) - Oxford Investments Holdings Inc. (OTCBB:OXIHF) is pleased to announce that it has entered into an agreement to acquire thirty-five percent (35%) of Wanzhi Electron S&T Co., Ltd. through Oxford's joint venture partner, the Ko-Ho Group. The Company expects the acquisition to be consummated and closed within the next 30 business days.

Wanzhi Electron S&T Co., Ltd. is an electronic technology company specializing in security card, prepaid card and other electronic payment services and operates as both a card issuer and a service provider. The Company has been licensed by the education authorities of China to issue stored-value student security cards to students at schools in Foshan Municipal Nanhai District. The Company owns and operates Foshan Foshantong Information Technology Co., Ltd. (Foshantong), which was established by the Foshan Municipal Government. Foshantong is an electronic payment card program used for public transportation in the municipality and is an accepted form of payments for many designated merchants in the area. Wanzhi Ltd. intends to strengthen Foshantong with operational support for both of its systems, combined with its overall card and payment industry expertise.

Wanzhi Ltd. shall transfer 300,000 existing card accounts which may be renamed to Oxford's choice of a brand name. This portfolio includes the existing Foshan Education One Card, Smart Cards issued to the staff of Chigo Air-Conditioning Manufacturing Co., Watson's loyalty cards, library membership cards and Foshan residential district cards. Wanzhi shall provide 500 P.O.S (point of sale) card-processing units for use by Foshantong at merchant locations.

Wanzhi Electron S&T Co., is owned by Mr. Li Xinghao, Chairman & CEO of Guangdong Chigo Air Conditioning Co., Ltd. Chigo Air Conditioning has more than 16,000 staff, with an annual A/C production capacity of eight million sets and a total production value of 4.5 billion RMB. Chigo is marketed throughout 31 domestic provinces and municipalities in China and more than 200 international countries and regions. With an annual sales growth rate of 50%, Chigo is one of the Top Five A/C manufacturers in China and one of the two largest exporters of A/C products in China.

Forbes magazine listed Mr. Li Xinghao as one China's richest men in 2004. At 77th on the list, he was the only Foshan entrepreneur listed in the top 100. "A part of the fortune I have earned will go to improve our manufacturing facilities and provide better products, on the other hand, it is to increase the welfare of my staff and the surplus will be devoted to the social causes." Listed No. 21 in China's Mainland Philanthropists Billboard in 2004, Mr. Li Xinghao has donated about 11.3 million RMB to various social public welfare establishments including health care and education programs.

"We are very pleased to have acquired a stake in another successful Chinese technology Company through our joint venture Ko-Ho Group." stated Michael Donaghy, President of Oxford Investments Holdings. "Working together with Mr. Li Xinghao and his successful Companies offers us an unprecedented opportunity to expand our businesses together and become one of the top leaders in the electronic payments, security card and prepaid card businesses in China. We look forward to a great relationship together."

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.


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