Exhibit 99.1
China Housing & Land Development, Inc.
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6 Youyi Dong Lu, Han Yuan 4 Lou o
Xi'an Shaanxi o P.R. China 710054 o
www.chldinc.com
FOR IMMEDIATE RELEASE
China Housing & Land Development to Begin Trading
on the NASDAQ Capital Market under CHLN
Xi'an, China - May 13, 2008 - China Housing & Land Development, Inc., (OTC BB:
CHLN) a leading developer of residential and commercial properties in northwest
China, today announced that it has received approval for listing on the Nasdaq
Capital Market (NASDAQ), and its common stock will begin trading on the NASDAQ
on a date to be announced soon. The stock's ticker symbol on NASDAQ will be
"CHLN". The company's common stock will stop trading on the OTC Bulletin Board
after the last market close before the stock debuts on NASDAQ.
China Housing & Land Development will be the first Chinese real estate
development company to be traded on NASDAQ.
Mr. Pingji Lu, Chairman and Chief Executive Officer of China Housing & Land
Development, Inc., said, "We are very pleased to have our common stock begin
trading on the NASDAQ Capital Market. It marks another significant milestone in
our development and demonstrates our efforts to maximize shareholder value. We
believe that trading on NASDAQ will increase the company's visibility and create
higher trading volume and increased liquidity. This will also further enhance
our ability to pursue potential opportunities as we deliver attractive results
for our shareholders."
Mr. Lu also mentioned that the recent earthquake in the Sichuan province of
China has not affected the company's previously built real estate properties or
those currently under construction.
China Housing & Land Development, Inc.
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6 Youyi Dong Lu, Han Yuan 4 Lou o
Xi'an Shaanxi o P.R. China 710054 o
www.chldinc.com
About China Housing & Land Development, Inc.
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Based in Xi'an, the capital city of Shaanxi province in China, China Housing &
Land Development, Inc., is a leading private developer of residential and
commercial properties in northwest China. China Housing has been engaged in land
acquisition, development, and management, including the sales of residential and
commercial real estate properties through its wholly-owned subsidiary in China,
since 1992.
In 2006, China Housing & Land Development, Inc., became a U.S. publicly traded
company, registered in the state of Nevada. By leveraging its strong
relationships with China's local state authorities, China Housing & Land
Development has been able to capitalize on the supply of available land and
develop residential and commercial properties, further increase China Housing's
brand recognition, and outperform its competitors in medium size residential and
commercial real estate developments in greater Xi'an.
About NASDAQ
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NASDAQ(R) is the largest U.S. electronic stock market. With approximately 3,200
companies, it lists more companies and, on average, its systems trade more
shares per day than any other U.S. market. NASDAQ is home to companies that are
leaders across all sectors of business, including technology, retail,
communications, financial services, transportation, media, and biotechnology.
For more information about NASDAQ, please visit the NASDAQ website at
www.nasdaq.com or the NASDAQ Newsroom(SM) at www.nasdaq.com/newsroom.
Safe Harbor
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This news release may contain forward-looking information about China Housing &
Land Development, Inc., which is covered under the safe harbor for
forward-looking statements provided by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements are statements that are not historical
facts. These statements can be identified by the use of forward-looking
terminology such as believe, expect, may, will, should, project, plan, seek,
intend, or anticipate or the negative thereof or comparable terminology, and
include discussions of strategy, and statements about industry trends and China
Housing & Land Development's future performance, operations, and products.
China Housing & Land Development, Inc.
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6 Youyi Dong Lu, Han Yuan 4 Lou o
Xi'an Shaanxi o P.R. China 710054 o
www.chldinc.com
Such statements are subject to risks and uncertainties that could cause actual
results to differ materially from those projected. Actual performance results
may vary significantly from expectations and projections. Further information
regarding this and other risk factors are contained in China Housing & Land
Development, Inc.'s public filings with the U.S. Securities and Exchange
Commission. All information provided in this news release and in the attachments
is as of May 13, 2008, and the Company does not undertake any obligation to
update any forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
# # #
China Housing & Land Development news releases, project information,
photographs, and more are available on the internet at www.chldinc.com.
Contacts for investors and media
Jing Lu, Vice President & Board Secretary
+86 29.8258.2632 in Xi'an o jinglu@chldinc.com
William Xin, Chief Financial Officer
+86 150.9175.2090 in Xi'an
+1 917.371.9827 in San Francisco o william.xin@chldinc.com
Tom Myers, Christensen Investor Relations
+86 139.1141.3520 in Beijing o tmyers@christensenir.com
Kathy Li, Christensen Investor Relations
+1 212.618.1978 in New York o kli@christensenir.com