UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 10, 2002
CHINA XIN NETWORK MEDIA CORPORATION
(Exact name of issuer as specified in its charter)
Florida 000-29915 650786722
State or other jurisdiction Commission IRS Employer
of incorporation File Number No. Identification No.
3767 Thimens Boulevard, S-226, St-Laurent, Quebec, CANADA H4W 1W4
(Address of principal executive offices) (Zip Code)
Registrant's telephone number and fax number,
Including area code:
Tel:(514) 398-0515 Fax:(514) 398-9901
Item 1. Changes in Control of Registrant.
NOT APPLICABLE
Item 2. Acquisition or Disposition of Assets.
NOT APPLICABLE
Item 3. Bankruptcy or Receivership.
NOT APPLICABLE
Item 4. Change in Registrant's Certifying Accountants
NOT APPLICABLE
Item 5. Other Events and Regulation FD Disclosure.
CXN Media Corporation management announced that in order to
harmonize and better control its content, it is transferring its
Editorial operations, currently carried out in Beijing, to its
Montreal Head Office. Management is currently negotiating a cost-
sharing arrangement with its joint venture partner CEINet, under
which CEINet will continue to provide the exclusive content but
all final editing activities now be performed in Montreal.
In view of this re-organization, the company has reassigned Mr.
Raymond Boisvert to a wholly owned subsidiary of CXN Media
Corporation named CXN Ventures. Mr. Raymond Boisvert has resigned
as President, Secretary and Director of CXN media Corporation to
concentrate on his new task at hand.
A press release was issued on Monday September 9, 2002, a copy of
which has been attached to the end of this filing.
Item 6. Resignations of Registrant's Directors.
On September 6, 2002, Mr. Raymond Boisvert, President, and
Director of CXN Media Corporation resigned as President and
Director of the Company. Mr. Boisvert's decision was taken
following the restructuring of CXN's operations in Beijing.
Mr. Boisvert has made this decision to enable the CEO Mr. Jean-
Francois Amyot, to better focus the company's efforts on its
mission of becoming one of Asia's leading Media Companies. Mr.
Amyot takes over as President and CEO of CXN Media.
A press release was issued on Monday September 9, 2002, a copy of
which has been attached to the end of this filing.
Resignation letter has been attached as an exhibit
Item 7. Financial Statements and Exhibits.
Exhibits:2.
(i) Copy of Press Release issued September 9, 2002
(ii) Copy of resignation Letter from R. Boisvert
Item 8. Change in Fiscal Year.
NOT APPLICABLE
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be signed on
its behalf by the undersigned hereunto duly authorized.
CHINA XIN NETWORK MEDIA CORPORATION
(Registrant)
Date: September 10, 2002 By: /s/ JEAN-FRANCOIS AMYOT
-----------------------
Name: Jean-Francois Amyot
President and CEO
Press Release
For Immediate Release
CORPORATE REORGANIZATION ANNOUNCED BY CXN MEDIA CORPORATION
Montreal, Canada. - September 9, 2002 - CXN Media Corporation
(OTCBB:CXIN) management announced today that in order to
harmonize and better control its content, it is transferring its
Editorial operations, currently carried out in Beijing, to its
Montreal Head Office. Management is currently negotiating a cost-
sharing arrangement with its joint venture partner CEINet, under
which CEINet will continue to provide the exclusive content but
all final editing activities now be performed in Montreal.
In view of this re-organization, the company has reassigned Mr.
Raymond Boisvert to a wholly owned subsidiary of CXN Media
Corporation named CXN Ventures. Mr. Raymond Boisvert has resigned
as President, Secretary and Director of CXN media Corporation to
concentrate on his new task at hand. Mr. Boisvert has made this
decision to enable the CEO Mr. Jean-Francois Amyot, to better
focus the company's efforts on its mission of becoming one of
Asia's leading Media Companies. Mr. Amyot takes over as President
and CEO of CXN Media.
Mr. Boisvert will be responsible in developing CXN Ventures into
a leading business consulting firm offering corporations and
entrepreneurs in North America and Europe the ability to engage
in business ventures in the People's Republic of China.
CXN Media is also actively pursuing its acquisition of Smart
Investor magazine and other related companies. The deadline for
the formal purchase agreement is scheduled for this September
2002 and final closing pending formal due diligence.
CXN MEDIA CORPORATION is a "Click and Pulp" Media Company in Asia
with interests in both print and electronic media. Through its
exclusive agreement with the CEInet, CXN provides financial,
economic and business information on the People's Republic of
China. CXN's correspondents source, produce and publish the most
reliable information available with the highest accuracy,
integrity and speed. CXN also provides business-consulting
services to companies seeking to do business in China through its
wholly owned division CXN Ventures. To find out more about China
Xin Network Media Corporation (OTCBB: CXIN), visit our website at
www.cxnonline.com.
Contact:
China Xin Network Media Corporation
Mr. Jean-Francois Amyot
President & CEO
Tel: (514) 398-0515 Ext. 27
jfamyot@cxnonline.com
CXN Ventures
Mr. Raymond Boisvert
President
Tel: (514)-398-0515 Ext. 35
rboisvert@cxnonline.com
The statements contained in this release which are not historical
facts contain forward-looking information with respect to plans,
projections or future performance of the company; the occurrence
of which involves certain risks and uncertainties that could
cause the company's actual results to differ materially from
expected results. Such risks include the timing of implementation
and the scope and success of the program described herein.
September 6, 2002.
China Xin Network Media Corporation
c/o Mr. Jean Francois Amyot
Chairman
3767 Thimens Blvd
Suite 226
Saint-Laurent, Quebec H4R 1W4
Re:
Resignation Letter
Dear Sir:
Allow this to serve as my irrevocable letter of resignation as
President and Treasurer of the Corporation to take effect
immediately.
Kindly insure that this resignation is recorded in the books and
corporate records of the corporation and that it is registered
with the appropriate government agencies.
Yours truly,
/s/ RAYMOND BOISVERT
- --------------------
Raymond Boisvert