Halter USX China Index Announces 2011 Year End and 4Q Results and Adds New Constituents

Adds CHINA GRENTECH CORPORATION LTD (NASDAQ: GRRF), TUDOU HOLDINGS LIMITED (NASDAQ: TUDO), AND ZUOAN FASHION LIMITED (NYSE: ZA)

DALLAS--(BUSINESS WIRE)-- For the fourth quarter and for the year 2011, the Halter USX China Index (AMEX:^HXC) was up 2.40% and down 25.59% respectively. During the same period (fourth quarter and year end), the Dow Jones Industrial Average increased by 11.95% and 5.53% respectively, while the NASDAQ finished up 7.86% and down 1.80%

HXC is also pleased to announce the inclusion of 3 new constituents to its existing index of China-focused, U.S. listed companies including: China Grentech Corporation Limited (NASDAQ: GRRF) engages in the manufacture and sale of wireless coverage products and services for telecommunications operators; Tudou Holdings Limited (NASDAQ: TUDO) that is an online video company; and Zuoan Fashion Limited (NYSE: ZA) which engages in the manufacture, distribution, and retailing of men's apparel.

It was also announced that China Natural Gas, Inc. (NASDAQ: CHNG), WSP Holdings Ltd. (NYSE:WH), American Lorain Corporation (AMEX: ALN), Yucheng Technologies Limited (NASDAQ:YTEC), China Information Technology, Inc (NASDAQ: CNIT), China Finance Online (NASDAQ: JRJC), Ku6 Media Co., Ltd. (NASDAQ: KUTV), China Pharma Holdings, Inc. (AMEX: CPHI), China Marine Food Group Limited (AMEX: CMFO), China Nutrifruit Group Limited (AMEX: CNGL), AgFeed Industries, Inc. (NASDAQ: FEED), China Sunergy Co. Ltd. (NASDAQ: CSUND), and IFM Investments Limited (NYSE: CTC) were removed from the Index.

About the Halter USX China Index

The Index, created by the Halter Financial Group and calculated and distributed by the NYSE Arca, 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, NYSE Amex or NASDAQ and be approved by USX Selection Committee. Investors can gain exposure to the Index by investing in an exchange-traded fund (ETF), the PowerShares Golden Dragon Halter USX China Portfolio (NYSE Arca: PGJ). For more information please visit www.usxchinaindex.com. The following 163 public companies currently comprise the 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.

Halter USX China IndexChelsea Kindred, 972-233-0300

Source: Halter USX China Index