The company said that the reasons for the favorable results in the first
quarter included greater efficiency in integration and cross-selling efforts
between Xinhua Finance's business units.com

For more
information, please log on to www.

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Its products and services, including stock indices, credit
ratings and financial news, form a bridge between China's markets and the
world.tsang@xinhuafinance. Interest expense for the three months and six months ended
March 31, 2005 was $162,721 and $306,260, respectively; these amounts include
amortization of the discount associated with the beneficial conversion feature
of the Company 's convertible notes payable; this amortization accounted for
$122,162 and $254,858 of interest expense for the three months and six months
periods, respectively. With H. All
statements, other than statements of historical facts which address the
company's expectations of sources of capital or which express the Company's
expectation for the future with respect to financial performance or operating
strategies, can be identified as forward-looking statements.

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She said the company is benefiting from the growing demand for all its
China-related products.
Xinhua Finance CFO Gordon Lau said the results for the first quarter of
2005 reflect the company's continuing focus on improving margins and the
synergies that are accruing from the companies acquired last year, including
Mergent Inc, Market News International (MNI), G7 and Stone + McCarthy Research
Associates.

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xinhuafinance .com

In Hong Kong
Ms Joy Tsang
Tel: +852-3196-3983, +852-9486-4364
Email: joy. EnTech is the parent company of its
wholly owned subsidiary H. For more
information about EnTech call (866) 815-3951.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking information made on the company's behalf.

Business Editors/Video Game Writers/Human Resources Writers

BURBANK , Calif.

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The Company provides financial news and information, as well
as a broad array of financial products and services unique to the China
markets. For the three months ended March 31, 2005, the
Company's EBITDA (earnings before interest, taxes, depreciation and
amortization) was $252,505 .

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For the three months ended March 31, 2005, due to sales reported from the
continuing operations of its H. Covey subsidiary, the Company reported gross
sales of $1,418,666 as compared to $299,863 for the three months ended
March 31, 2004, an increase of $1,118,803 or approximately 373% over the
previous year.

Reporting to Graham Hopper, senior vice
president and general manager , Buena Vista Games, Relyea will be
responsible for leading the integration of domestic and international
brand positioning, advertising, retail marketing, promotions, public
relations, creative services and vendor relations strategies.

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For more information, see http://www. He will
also focus on building and executing internal synergy initiatives.

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Revenue growth was driven by demand for China-related information products,
increased popularity of Xinhua Finance's index and ratings products and
expanded offerings in the news and investor relations services.

EnTech Releases Second Quarter Results

"We have been executing a back-to-basics business plan subsequent to the
restructuring of EnTech initiated last Fall.

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The Company's net income from continuing operations increased
from a loss of $2,110,005 for the three months ended March 31, 2004 to a
profit of $77,049 for the three months ended March 31, 2005, an improvement of
$2,187,104.:
EnTech Environmental Technologies, Inc .

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B. Northrop, President and CFO. Such statements
made by the Company are based on knowledge of the environment in which it
operates, but because of the factors previously listed, as well as other
factors beyond the control of the company, actual results may differ
materially from the expectations expressed in the forward-looking statements.

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Xinhua Finance Becomes Profitable Under International Accounting Standards

"We are tracking well to our business plan, and it is a pleasure for me to
report that we are now profitable according to international accounting
standards," Ms Bush said.
Craig Relyea brings to his new role more than 19 years of
experience in packaged entertainment marketing , including driving
global marketing initiatives for multiple videogame companies.com

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"One of the main components of our aggressive growth strategy is
attracting top talent," said Graham Hopper, senior vice president and
general manager, Buena Vista Games, Inc. (BVG) is the interactive entertainment arm
of The Walt Disney Company. The division publishes, markets and
distributes a broad portfolio of multi-platform video games and
interactive entertainment worldwide.buenavistagames .

Marketing consulting firms provide advisory services contracted for and provided to organizations by specially trained and qualified persons who assist, in an objective and independent manner, the client organization to identify problems, analyze such problems, recommend solutions to these problems, and help, when requested, in the implementation of solutions.

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The company said the result showed that the focus on profitability and
improving margins is proving effective and said it is confident of achieving
the forecasted results for the first half of 2005. The main reason for the difference between these
numbers is that the Japanese standards take a different approach from the
international standard on how to account for goodwill from acquisitions.

CONTACT:

In Japan
Mr Sun Jiong
Tel: +81-3-3500-5328
Email: jsun@xinhuafinance. is a public company trading on the
OTC Bulletin Board under the symbol EEVT.

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EBITDA, an important international measure of high growth
companies such as Xinhua Finance, was US$3 million, amounting to 60 per cent
of forecasted EBITDA for the first half of the year.
Xinhua Finance CEO Fredy Bush said the first quarter results point to
continuing fast and healthy growth for the company.
Founded in 1999 , the Company is headquartered in Hong Kong and has 21
offices and 19 news bureaus across Asia, Australia , North America and Europe., EnTech
Environmental Technologies, Inc.B., the sole
operational subsidiary , the Company has been focused on operating our
construction and maintenance businesses with margins allowing for profitable
operations. Concurrently we launched our Consumer Services division and while
establishing a profitable base with our Sears relationship, have become their
largest stocking installer in the country.

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78
million was registered. CHINO HILLS, Calif. Covey, Inc. Covey was founded in 1947
and offers a variety of services including; general and specialized
construction , complete fuel system repair and maintenance and major household
appliance installations.

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"The integration is going well, and we are seeing a wide range of benefits
emerging, including expanded sales and product distribution networks, and also
new products such as the China InsightTM database product and the Xinhua
Finance MNI business sentiment survey launched earlier this month," Mr Lau
said. I am looking forward to the
opportunity to increase BVG's visibility and contribute to its future
growth," said Relyea.
Previously, Craig held senior marketing positions at Interplay
Entertainment , The Cimmaron Group, Dreamworks Interactive, and
Universal Studios Home Entertainment. The company also licenses
properties and works directly with third-party interactive game
publishers to bring products for all ages to market.

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97 million, while under Japanese accounting standards a loss of US$0 . (OTC Bulletin Board: EEVT) announced its
results for the second quarter ended March 31, 2005. The Company has been solidly
retrenching its relationships with its key customers in all divisions
resulting in incremental sales growth as well as better managed receivables.

Buena Vista Games Continues Strategic Growth Announces Key Executive Hire; Craig Relyea Named Vice President of Marketing

Prior
to this role, Relyea served as executive vice president, marketing at
Creative Domain.

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"The increasing integration of China's capital markets
with the world is having a very positive effect on our business ," Ms Bush
added. With a current operational concentration in the
Southern California region, Covey leverages its dispatch infrastructure and
the technical skill base of its personnel across its divisions.

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EBITDA stands for
Earnings Before Interest, Taxes, Depreciation and Amortization .

About EnTech Environmental Technologies, Inc.

About Buena Vista Games

Buena Vista Games, Inc.

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Total revenue for the quarter amounted to US$22 million, on target with
internal forecasts.

About Xinhua Finance Limited
Xinhua Finance Limited is China's premier financial services and media
company, listed on the Mothers Board of the Tokyo Stock Exchange
(symbol: 9399).com

Mr Jason Rando
Tel: +1-646-536-7025
Email: jrando@theruthgroup . We will be targeting
steady growth and profitability as we continue to fine-tune our internal
controls and build the administrative infrastructure to support both," said
Burr D.

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HONG KONG, April 21 /Xinhua-PRNewswire/ -- Xinhua Finance
(TSE Mothers: 9399), China's premier financial services and media company,
today reported a net profit of just under US$1. Covey, Inc. (BVG), the interactive entertainment arm of The Walt Disney
Company today announced that Craig Relyea has been named vice
president of marketing.

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The net result under international accounting standards was a profit of
US$ 0.
Xinhua Finance, founded in 1999, was listed on the Tokyo Stock Exchange in
October last year.com

In US
The Ruth Group (PR Contact in the US)
Mr Gregory Tiberend
Tel: +1-646-536-7005
Email: gtiberend@theruthgroup.----Buena Vista Games,
Inc.

"Craig brings invaluable
industry knowledge and refreshing perspectives that will help us build
new franchises and guide BVG into being a leading global publisher."
"My decision to join BVG is motivated by the company's strength
and unique position in the marketplace.

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The company, having achieved profitability under international accounting
standards in the first quarter of 2005, is also forecasting a net profit under
Japanese standards for the full year 2005.B. (Covey).

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com .

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0 million for the first quarter
of 2005 under international accounting standards. Xinhua Finance provides real time coverage of Chinese and Asian
equity markets, delivering an integrated platform of China-specific indices ,
financial news feeds, credit ratings, and investor relations services to
global financial institutions and re-distributors via leased line, Internet,
and satellite technology.
With other competitors exiting the construction and maintenance businesses
regionally, we are positioned to take advantage of these changed market
conditions and will be carefully evaluating our growth plans for strategic
moves which do not come at the expense of profitability. In this role, he built and ran the interactive
entertainment and branding divisions and developed marketing campaigns
for clients including Activision , THQ, Ubisoft, and Vivendi-Universal.