UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) November 2, 2002
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CHINA XIN NETWORK MEDIA CORPORATION
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(Exact Name of Registrant as Specified in Charter)
FLORIDA 000-29915 650786722
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3767 Thimens Boulevard
Suite 216
St-Laurent, Quebec Canada
H4R 1W4
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(Address of Principal Executive Offices)
Tel: 514-398-0515 Fax: 514-398-9901
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Registrant's telephone number, including area code
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. Changes in Registrant's Certifying Accountant.
Not Applicable
Item 5. Other Events
On November 2, 2002, The Company signed a letter of intent to acquire
Benchmark Capital Consulting, Inc., a consulting and merger and acquisition
advisory firm located at 100 Wall Street, New York, New York. Benchmark Capital
Consulting, Inc. is a wholly owned subsidiary of Benchmark Global Capital Group.
A final agreement is subject to due diligence by Benchmark and requires
shareholder approval from both companies. The Company is in the process of
preparing proxy statements to be sent out to its shareholders. This acquisition
will result in Benchmark Global Capital Group owning majority shares in the
Company.
Item 6. Resignations of Registrant's Directors.
Not Applicable
Item 7. Financial Statements and Exhibits.
Not Applicable
EXHIBITS:
10 Letter of Intent to acquire Benchmark Capital Consulting, Inc. dated
November 2, 2002
99.1 Copy of Press Release Issued November 1, 2002
Item 8. Change in Fiscal Year.
Not Applicable
Item 9. Regulation FD Disclosure.
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 November 5, 2002
/s/ GEORGE LEE
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GEORGE LEE
President & CEO