Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.

Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.

Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?

You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.

If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.

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Thursday, July 03, 2008

China Housing & Land Development to Present at Collins Stewart Fourth Annual Growth Conference on July 8th, 2008

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XI'AN, China, Jul 03, 2008 (BUSINESS WIRE) ----China Housing & Land Development, Inc. (NASDAQ: CHLN), a leading developer of residential and commercial properties in northwest China, today announced that it will participate in the Collins Stewart 4th Annual Growth Conference on Tuesday, July 8th, at the Mandarin Oriental Hotel in New York City.

The Company will present China Housing & Land Development's business overview including its ongoing projects, competitive strengths, and key growth strategies at room Track 4 from 9:30am to 10:00am ET. Mr. Pingji Lu, Chairman and CEO of China Housing & Land Development, and Mr. William Xin, Chief Financial Officer and Ms. Jing Lu, Vice President and Board Secretary will be available to answer investor questions after the presentation and at one-on-one meetings.

For More information about the conference, please visit http://www.collins-stewart.com/.

Investors interested in attending this event should contact their Collins Stewart institutional sales representative.

About China Housing & Land Development, Inc.

Based in Xi'an, the capital city of China's Shaanxi province, China Housing & Land Development, Inc., is a leading developer of residential and commercial properties in northwest China. China Housing has been engaged in land acquisition, development, and management, including the sales of residential and commercial real estate properties through its wholly-owned subsidiary in China, since 1992.

China Housing & Land Development is the first and only Chinese real estate development company traded on NASDAQ.

By leveraging its strong relationships with China's local state authorities, China Housing & Land Development has been able to capitalize on the supply of available land and develop residential and commercial properties, further increase China Housing's brand recognition, and outperform its competitors in medium size residential and commercial real estate developments in greater Xi'an.

Safe Harbor

This news release may contain forward-looking information about China Housing & Land Development, Inc., which is covered under the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as believe, expect, may, will, should, project, plan, seek, intend, or anticipate or the negative thereof or comparable terminology, and can include discussions of strategy, statements about industry trends, and China Housing & Land Development's future performance, operations, and products.

Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Actual performance results may vary significantly from expectations and projections. Further information regarding this and other risk factors are contained in China Housing & Land Development, Inc.'s public filings with the U.S. Securities and Exchange Commission. All information provided in this news release is current as of the date of the release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

China Housing & Land Development news releases, project information, photographs, and more are available on the internet at www.chldinc.com.

SOURCE: China Housing & Land Development, Inc.

China Housing & Land Development,
   Inc. Jing Lu, +86 29.8258.2632 in Xi'an Vice President & Board Secretary jinglu@chldinc.com or William Xin, +86 150.9175.2090
   in Xi'an +1 917-371-9827 in San Francisco Chief Financial Officer william.xin@chldinc.com or Christensen Investor Relations
   Tom Myers, +86 139.1141.3520 in Beijing tmyers@christensenir.com or Kathy Li, +1 212-618-1978 in New York kli@christensenir.com