N@N

Kingsway International Announces Name Change and Conference Call Details

^{Published on 2011-01-17 07:50:15 - Market Wire}
 

TORONTO, Jan. 17 /CNW/ - Kingsway International Holdings Limited (the "Company") (TSX: KIH), an Asian-based financial services firm, announces that the company is changing its name to Sunwah International Limited, reflecting the increased operational and financial support of prominent Hong Kong based corporation, Sunwah Group. The name change is subject to all applicable regulatory approval.

Following the company's recent strategic repositioning and leadership overhaul, this development marks the former Kingsway International's evolution from a Canadian listed holding company to an asset driven investor/manager focused on China.

Chairman, Dr. Jonathan Choi, and President and Chief Executive Officer, Douglas Betts, will provide an overview of the repositioned company's strategy and plans for growth in a conference call to be held tomorrow, January 18, 2010, at 9:00 AM EST. To participate in the live call, dial-in information is as follows:

Local (Toronto):   647-427-7450
North America Toll Free:  1-888-231-8191
International:   +1-647-427-7450
Conference ID: 37867772

For those who are unable to participate in the live event, an audio replay of the conference call can be accessed until Tuesday, January 25, 2011 by dialing 416-849-0833 (Toronto local), 1-800-642-1687 (toll free North America) or +1-416-849-0833 (International) and entering the password 37867772.   As well, shortly following the event an archived version of the conference call will be available on the company's website, currently in the process of being rebranded, in the Presentations section under News [ ( ][ www.kingswaygroup.ca/default.aspx?id=40 ][ ) ].

About Sunwah International Limited, formerly Kingsway International Holdings Limited

Sunwah International, formerly Kingsway International, is a strategically positioned asset-based financial services provider, linking the global investment community with China's high growth economy. Leveraging a 20-year track record and significant relationships throughout Asia, Sunwah International is now positioned into three integrated divisions: Capital Markets Group, consisting of brokerage and financial services, including investment banking; Strategic Investment Group, a merchant bank focused on mining and natural resources; and an Asset Management Group specializing in private equity funds. The organization's primary subsidiary, SW Kingsway Capital Holdings Limited ("SWK"), is based in Hong Kong and listed on The Stock Exchange of Hong Kong. The SWK group of companies comprises Sunwah International's primary operating subsidiaries and is licensed to provide a range of financial services. Sunwah International operates from five offices located in Hong Kong, Beijing, Shanghai, Shenzhen and Toronto.

China is widely recognized as an increasingly important player on the world's financial stage. As the country continues to grow, its greatest needs will lie in energy and resources. Following a recent restructuring, the Company is positioned as a middle tier provider of financial services in these sectors and an opportunistic investor in these and related sectors. Sunwah International's strategy is to use investment activities strategically to generate advisory services revenue while creating value for its shareholders through asset accumulation.

Founded in 1990, the Company is listed on the main board of the Toronto Stock Exchange under the symbol SWH.

Forward-Looking Statements

This news release contains forward-looking statements that are based on the beliefs of management of the Company and reflect the Company's current expectations. In certain cases, forward-looking information can be identified by the use of words such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may", "should", "will", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking information contained in this news release includes information relating to the proposed amendments to the terms and conditions to the Debentures. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Material factors or risks which could cause actual results or events to differ materially from a conclusion in such forward-looking information include the risks that the Company may not be able to obtain the necessary regulatory approvals. The Company cautions that the foregoing list of material factors is not exhaustive and is subject to change. For additional information with respect to certain of these and other factors, refer to the risk factors section of the Company's management's discussion and analysis dated September 20, 2010 for the periods ended June 30, 2010 filed with the Canadian securities regulators, which is available on SEDAR at [ www.sedar.com ]. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time, except as required by law.