ChinaNet Online Holdings Expands Presence in Korea; Participates at 2012
Korean Chain Industry Fair in Shanghai
BEIJING, Jan. 30, 2013 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
(Nasdaq:CNET) (the "Company" or "ChinaNet"), a leading B2B (business to
business) Internet technology company focusing on providing online-to-offline
("O2O") sales channel expansion services for small businesses (so-called small
and medium-sized enterprises ("SMEs") in China) and entrepreneurial management
and LINK services for entrepreneurs in the People's Republic of China, today
announced that the Company's subsidiary, Liansuo.com, participated in the
Korean Chain Industry Briefings and Fair ("the Fair") held in Shanghai on
December 12, 2012.
Mr. George Chu, COO of ChinaNet remarked, "We are building a strong foundation
to expanding our services to Korea. Coming on the heels of our successes at
the largest SME fair in Korea last October, we held product demonstrations and
in-depth discussions with several business owners and entrepreneurs interested
in using Liansuo.com's services in Korea. They recognized the potential for
ChinaNet to help them growth their businesses, not only domestically but in
new markets such as China as well. We will follow up with these prospects over
the next few weeks in hopes of converting them into ChinaNet customers."
Organized by the Korean Association of Chain Management, one of the largest
trade organizations for franchise owners in South Korea, the Korean Chain
Industry Fair is designed to facilitate growth and innovation among its
members. More than 100 of franchise owners attended this year's event, the
Fair has been held by KOREA TRADE-INVESTMENT PROMOTION AGENCY, which was
founded in 1962. Liansuo.com was the only advertising and brand management
service provider invited to participate in the event.
About ChinaNet Online Holdings, Inc.
The Company, a parent company of ChinaNet Online Media Group Ltd.,
incorporated in the BVI ("ChinaNet"), is a leading B2B (business to business)
Internet technology company focusing on providing O2O (online to offline)
sales channel expansion service for small businesses (or so-called small and
medium-sized enterprises (SMEs) in China) and entrepreneurial management and
LINK service for entrepreneurs in China. The Company, through certain
contractual arrangements with operating companies in the PRC, provides
Internet advertising and other services for Chinese small businesses via its
portal websites, 28.com, Liansuo.com and Chuangye.com (for entrepreneurs'
Linking services), TV commercials and program production via China-Net TV, and
in-house LCD advertising on banking kiosks targeting Chinese banking patrons.
This release contains certain "forward-looking statements" relating to the
business of ChinaNet Online Holdings, Inc., which can be identified by the use
of forward-looking terminology such as "believes," "expects," "anticipates,"
"estimates" or similar expressions. Such forward-looking statements involve
known and unknown risks and uncertainties, including business uncertainties
relating to government regulation of our industry, market demand, reliance on
key personnel, future capital requirements, competition in general and other
factors that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected. Certain of
these risks and uncertainties are or will be described in greater detail in
our filings with the Securities and Exchange Commission. These forward-looking
statements are based on ChinaNet's current expectations and beliefs concerning
future developments and their potential effects on the company. There can be
no assurance that future developments affecting ChinaNet will be those
anticipated by ChinaNet. These forward-looking statements involve a number of
risks, uncertainties (some of which are beyond the control of the Company) or
other assumptions that may cause actual results or performance to be
materially different from those expressed or implied by such forward-looking
statements. ChinaNet undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required under applicable securities
CONTACT: MZ North America
Ted Haberfield, President
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