ChinaNet Online Holdings Receives Entrepreneurial Merchandising and
Franchising Marketing Industry Leader Award From China Electronic Commerce
BEIJING, Feb. 26, 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 received the awards of "The Most Leading Enterprise
of Chinese Entrepreneurial Merchandising and Franchising Marketing Industry"
and as well as "The Most Trustworthy E-Commerce Platform in Entrepreneurial
Merchandising and Franchising Industry" in China by the China Electronic
Commerce Association (CECA). These awards are only awarded to one enterprise
in each industry.
"We are proud to receive these prestigious awards," said Mr. George Chu, COO
of ChinaNet. "Our commitment and focus on driving innovation and growth in
China's e-commerce industry has resulted in our increased recognition by
government, business leaders as well as over 4 million small businesses
community. We will continue to introduce new products and services that help
franchise owners and entrepreneurs become more successful."
China Electronic Commerce Association is a national trade association approved
by China's State Council and the Ministry of Civil Affairs to promote growth
and healthy development of China's e-commerce industry as well as help
government in terms of regulations. Since it was founded in 2000, CECA has
received strong support from China's National People's Congress' standing
committee and the National Industry and Information Ministry.
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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