Halter USX China Index Announces First Quarter 2005 Results and Adds New Constituents

DALLAS--(BUSINESS WIRE)--April 1, 2005--For the first quarter of 2005, the Halter USX China Index (AMEX:HXC) was down 8.92%. During the same period, the Dow Jones Industrial Average decreased 2.59% and Nasdaq was down 8.10%.

HXC is pleased to announce the inclusion of 5 new constituents to its existing index of China-focused, U.S. listed companies including: China Netcom Group Corporation (NYSE:CN), a fixed-line telecommunications operator; Comtech Group, Inc. (Nasdaq:COGO) a module design solutions provider, focused on the mobile handset and telecom equipment industries; International DisplayWorks, Inc. (Nasdaq:IDWK) which designs, manufactures and supplies liquid crystal display (LCD) products; Ninetowns Digital World Trade Holdings Ltd (Nasdaq:NINE) a software company, which enables enterprises and trade-related PRC government agencies to streamline the import/export process; and The9 Limited (Nasdaq:NCTY), an online game operator and developer.

About the Halter USX China Index

The Index, created by the Halter Financial Group and calculated and distributed by the Amex, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For a company to be included in the Halter USX China Index it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ and be approved by USX Selection Committee. Investors can buy the Index by investing in an exchange traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (AMEX:PGJ). For more information please visit www.usxchinaindex.com. The following 48 public companies currently comprise the Halter USX China Index:

51 Job, Inc. (Nasdaq: JOBS)
Aluminum Corp. of China Ltd. (NYSE: ACH)
ASAT Holdings Ltd. (NASDAQ: ASTT)
AsiaInfo Holdings, Inc. (NASDAQ: ASIA)
Beijing Yanhua Petrochemical Co. Ltd. (NYSE: BYH)
Brilliance China Automotive Holdings Ltd. (NYSE: CBA)
China Automotive Systems Inc (NASDAQ: CAAS)
China Eastern Airlines Corporation Ltd. (NYSE: CEA)
China Finance Online (Nasdaq: JRJC)
China Mobile Hong Kong Ltd. (NYSE: CHL)
China National Offshore Oil Corp. (NYSE: CEO)
China Netcom Group Corporation (NYSE:CN)
China Petroleum and Chemical Corp (Sinopec) (NYSE: SNP)
China Southern Airlines Company Ltd. (NYSE: ZNH)
China Telecom Corporation Ltd (NYSE: CHA)
China Unicom Ltd (NYSE: CHU)
China Yuchai International Ltd. (NYSE: CYD)
Chinadotcom Corporation (NASDAQ: CHINA)
China Life Insurance Co Ltd (NYSE: LFC)
Comtech Group, Inc. (Nasdaq: COGO)
Ctrip.com (NASDAQ: CTRP)
Deswell Industries Inc (NASDAQ: DSWL)
eLong (Nasdaq: LONG)
Guangshen Railway Co Ltd (NYSE: GSH)
HuaNeng Power International, Inc. (NYSE: HNP)
INTAC International (NASDAQ: INTN)
International DisplayWorks, Inc. (Nasdaq: IDWK)
Jilin Chemical Industrial Co. Ltd. (NYSE: JCC)
KongZhong Corporation (Nasdaq: KONG)
Linktone Ltd (NASDAQ: LTON)
Nam Tai Electronics Inc (NYSE: NTE)
Netease.com, Inc. (NASDAQ: NTES)
Ninetowns Digital World Trade Holdings Ltd (Nasdaq: NINE)
Pacificnet Inc. (Nasdaq: PACT)
PetroChina Co. Ltd. (NYSE: PTR)
Qiao Xing Universal Telephone, Inc. (NASDAQ: XING)
Radica Games Ltd (NASDAQ: RADA)
Shanda Interactive Entertainment Ltd (NASDAQ: SNDA)
Sina Corporation (NASDAQ: SINA)
Sinopec Shanghai Petrochemcial Co. Ltd. (NYSE: SHI)
Semiconductor Manufacturing International Corp (NYSE: SMI)
Sinovac Biotech, Ltd. (Amex: SVA)
Sohu.com, Inc. (NASDAQ: SOHU)
The9 Limited (Nasdaq: NCTY)
Tom Online Inc (NASDAQ: TOMO)
UTStarcom Inc (NASDAQ: UTSI)
Webzen Inc (NASDAQ: WZEN)
Yanzhou Coal Mining Co. Ltd. (NYSE: YZC)

For further information, please contact: Carl Thompson, Principal, carl@ctapr.com, of CTA Public Relations, +1-303-665-4200, for Halter USX China Index.

The information in this news release includes certain forward looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements to the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties.