Award presented by CFO World as part of its "Top 100 Most Trusted Service Provider" poll
PR Newswire announced today that it has been selected by CFO World, China's prestigious financial magazine, as a recipient of its "China CFO's Most Trusted Investor Relations Management Services" award.
The award, part of CFO World's 2009 "Top 100 Most Trusted Service Provider" poll, recognizes PR Newswire's superior disclosure and investor communications services, as well as efforts to help Chinese companies listed on the various exchanges around the world with their financial and media communication activities. A committee of chief financial officers and media professionals chose PR Newswire as the award recipient after a three month process in which the group considered the merits of hundreds of service providers, including investment and merchant banks, law firms, auditors, securities agents, and IR agencies.
“China CFO’s Most Trusted Investor Relations Management Services” Award
"We are honored to receive this award, which is an encouraging recognition for our team of some 60 people in the four offices we have in China," stated Ninan Chacko, CEO of PR Newswire. "A very important reason for our success in China is our continuous commitment to educate the market, meet the needs of our local clients and deliver services in the most accurate, efficient and credible manner. PR Newswire looks forward to expanding our investment in the China market with new product developments and continuing our efforts in market education by working more closely with our customers and partners."
PR Newswire is the only information distribution services provider in the industry with round-the-clock operations in China, delivering a host of media and investor communications services to its customers throughout the country. Among its core offerings, PR Newswire provides press release distribution, media monitoring, Edgar filings, financial typesetting and printing, conference call webcasts, IR website hosting, and multimedia production and distribution.
"The investor relations industry in China is still young but is developing quite rapidly," commented Mr. Maoyong Tian, publisher of the CFO World Magazine. "Companies listed both locally and overseas are attaching greater importance to communications with financial media and investors. At the same time, investors worldwide are also showing increasing interest in Chinese companies. With its industry-leading reach and expertise, PR Newswire plays a very important role in providing a constant and effective communication conduit between the companies and the investors, helping Chinese CFOs maintain and build investor trust and confidence."
During its seven years of operation in China, PR Newswire's services have become highly valued by Chinese listed companies. PR Newswire services are now used by over 250 Chinese companies that have gone public on various stock exchanges in North America, Europe and Asia. Additionally, among PR Newswire's clients in China, there are a growing number of companies that are listed on the local Shanghai and Shenzhen Stock Exchanges which rely on PR Newswire's extensive local distribution network encompassing more than 12,000 journalists representing over 4,100 agencies in China.
"PR Newswire China has become an essential messaging conduit in China, allowing companies, both public and private, to openly communicate their messages to investors and media in China and around the world," remarked Yujie Chen, managing director of PR Newswire China. "In particular, our ability to build direct, one-on-one relationships with the thousands of media outlets throughout China has been instrumental in building PR Newswire's reputation as a trusted source of corporate announcements in the region. We are very thankful to receive this prestigious award and look forward to continuing to serve the many tremendous businesses and organizations throughout China."
