, a Xinhua Finance company ( http://www.

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).

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Xinhua Finance has become the first XBRL Direct Participant Member in
China and will be working with regulatory authorities and major financial
institutions in the development of Chinese XBRL rules . It will benefit from
Mergent's expertise in XBRL, which is already used throughout Mergent's
databases and services.com

US:
The Ruth Group (PR Contact in the US)
Mr Gregory Tiberend
Tel: +1-646-536-7005
Email: gtiberend@theruthgroup., Spanish
Broadcasting System , Inc.S.spanishbroadcasting.

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The addition of both languages
is in recognition of the key role that Mainland China, Taiwan, and Hong
Kong are playing in high tech manufacturing. Providing the content of WWK's
English language web site in both Traditional and Simplified Chinese is the
next step in upgrading our support for that region of the world.

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XBRL allows for the exchange and dissemination of business reporting
information independent of the computer platform being used.com .com, a bilingual Spanish-English online site providing content
related to Latin music, entertainment, news and culture .

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Xinhua Finance to Pioneer XBRL Financial Reporting Technology in China

tsang@xinhuafinance.

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"

With more than 3,000 users worldwide, Wright Williams & Kelly, Inc.

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public companies, and 20,000 non-
U. is the
largest privately held operational cost management company serving
technology -dependent and technology-driven companies. On July
13, 2005 the Company announced the acquisition of WDLP-TV, a full-power
television station serving South Florida.

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Mergent's databases
include information on more than 15,000 U.

PRESS RELEASE Wright Williams +amp; Kelly Inc. Launches Chinese Language Web Site

About Spanish Broadcasting System
Spanish Broadcasting System, Inc. The Company also produces live
entertainment concerts and events throughout the U.

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subsidiary Mergent , Inc.
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. WWK maintains
long-term relationships with prominent industry resources including
International SEMATECH, SELETE, Semiconductor Equipment and Materials
International (SEMI), and national labs and universities.

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Chinese language sites can be found in World: Chinese Traditional .

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XBRL International is a non-profit consortium
whose members include approximately 300 leading organizations from all
segments of the business information supply chain.xbrl.

About Mergent
Mergent, Inc.
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. Additionally, WWK
offers a highly flexible product management software package that helps
sales forces eliminate errors in product configuration and quotation
processes.

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HONG KONG, May 12 /Xinhua-PRNewswire/ -- Xinhua Finance (Tokyo Mothers:
6399), China's premier financial services and media company, is set to play a
major role in the expansion of the international business reporting language
XBRL (eXtensible Business Reporting Language) to the China market through its
U.

The transaction, announced in the third quarter of 2004, was officially
consummated upon receipt of the final $65 million payment made by Styles
Media, in accordance with contractual terms agreed to by both parties.

Once a colony of the United Kingdom, Hong Kong has since 1st July, 1997 reverted to the sovereign rule of China.

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About XBRL
XBRL stands for eXtensible Business Reporting Language.mergent. (WWK), a cost &
productivity management software and consulting services company, announced
today the launch of its new web site which includes both Traditional and
Simplified Chinese language translations . "The center of
gravity in high tech manufacturing is leaning towards Southeast Asia and
the powerful influence of China and Taiwan. Hispanic markets.com

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S.
Wright Williams & Kelly , Inc.

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XBRL is becoming a fundamental financial reporting standard, and the
inclusion of the growing financial power of China within the XBRL community is
an important step to making XBRL the definitive global financial reporting
system.com ),
is a leading provider of global business and financial information on publicly
traded companies headquartered in New York, NY, and Charlotte, NC, with sales
offices in key North American cities as well as London, Tokyo and Sydney.com

SBS Consummates Sale of KDAY-FM and KDAI-FM

is the largest Hispanic-controlled radio
broadcasting company in the United States.

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"In the case of China, thanks to our unique access to that
market , we in fact have a particular responsibility to do so. It is one of a
family of 'XML' languages that is becoming a standard means of communicating
information between businesses and via the Internet .xinhuafinance.S.

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S. More information about Mergent, Inc.

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, the global
business and financial information provider that Xinhua Finance acquired last
year.
can be found at http://www.

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For more information about XBRL International, please visit
http://www. Its
products and services include: Mergent Online; Mergent Manuals, Handbooks and
Investment Guides; EventsData, web-based reporting of corporate actions and
events; BondSource, access to municipal and corporate fixed income data and
end-of -day pricing; Argus/Mergent, independent equity research; Active, a
financial analysis tool; Mergent Dividend Achievers Indexes, and licensed
investment products, including ETF's and other funds. public companies in 100 countries. Styles Media Completes $120 million Acquisition

COCONUT GROVE, Fla. Upon the completion of all
previously announced transactions, SBS will own and operate 20 radio stations
located in the top Hispanic markets of New York, Los Angeles, Miami , Chicago,
San Francisco and Puerto Rico, including the #1 Spanish-language radio station
in America , WSKQ-FM in New York City, as well as 3 of the Top 4 rated radio
stations airing the Tropical, Regional Mexican, Spanish Adult Contemporary and
Hurban format genres and the highest billing Latino-formatted stations in each
of the three largest U.

This category is for English language sites about Hong Kong and its people.

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S.
"As a leader in the global corporate and financial data marketplace,
Mergent is in a unique position to help introduce new data delivery and
standardization technologies such as XBRL to important major markets," Mr
Worrall said. The Company provides financial news and information , as well as a
broad array of financial products and services unique to the China markets.

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Jonathan Worrall, Mergent's CEO, said Xinhua Finance and Mergent are well
placed to provide data presented in accordance with XBRL standards.

For further information, please contact:

JAPAN:
Mr Sun Jiong
Tel: +81-3-3500-5328
Email: jsun@xinhuafinance .

WWK's product line includes TWO COOL for detailed process step level
cost of ownership (COO ) and overall equipment efficiency (OEE), PRO COOL
for process flow and test cell costing, Factory Commander for full
factory capacity analysis and activity based costing, and Factory
Explorer for cycle time reduction and WIP planning. and Puerto Rico. The Company's
corporate website can be accessed at http://www.

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It can be used
to express a wide range of reports and disclosures including financial
statements, internal management information, regulatory returns, statistical
reports , and credit filings.xinhuafinance.

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XBRL has been widely
recognized as an important component in the improvement of corporate
transparency.
For more information, see http://www.com

HK:
Ms Joy Tsang
Tel: +852-3196-3983 or +852-9486-4364
Email: joy.com

Mr Jason Rando
Tel: +1-646-536-7025
Email: jrando@theruthgroup. Its client base
includes most of the top 20 semiconductor manufacturers and equipment and
materials suppliers as well as leaders in nano-technology, MEMS, thin film
record heads, magnetic media, flat panel displays , and solar panels. The Company also operates
LaMusica.

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org .com ., ("SBS"; Nasdaq: SBSA) announced today the
completion of its sale of radio stations KDAY-FM and KDAI-FM in Southern
California to Styles Media for $120 million.

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"
The combination of Mergent's expertise with Xinhua Finance 's China
information and access resulted last month in the launch of the China Insight
online database service, which combines the most detailed China listed company
database with exclusive news and ratings information, all within one
integrated platform using software developed by Mergent Inc.

"This latest addition to our web presence, which is now over a decade old,
is very exciting," stated David Jimenez, WWK's President.

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