ChinaNet Online Holdings Reports Fourth Quarter and Full Year 2012 Financial Results

ChinaNet Online Holdings Reports Fourth Quarter and Full Year 2012 Financial
Results

Management to Host Conference Call on Wednesday, April 17th at 8:30 a.m. ET

BEIJING, April 17, 2013 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
("ChinaNet" or the "Company"), (Nasdaq:CNET), a leading B2B (business to
business) Internet technology company providing online-to-offline ("O2O")
sales channel expansion services for small and medium-sized enterprises (SMEs)
and entrepreneurial management and networking services for entrepreneurs in
the People's Republic of China, today announced financial results for the
fourth quarter and full year 2012.

Summary Financials

Fourth Quarter 2012 Results (USD) (Unaudited)

                                    Q4 2012          Q4 2011           CHANGE
Sales                                $8.3 million     $6.2 million      +34%
Gross Profit                         $4.8 million     $3.0 million      +60%
Gross Margin                         57.7%            49.0%             +18%
Net Income Attributable to Common    $1.2 million     -$3.9 million     N/A
Stockholders
Adjusted Net Income Attributable to  $1.4 million^(1) -$1.8 million^(2) N/A
Common Stockholders
EPS (Diluted)                        $0.06            -$0.19            N/A
Adjusted EPS (Diluted)               $0.06^(1)        -$0.08^(2)        N/A

(1) Non-GAAP adjusted net income attributable to common stockholders and EPS
excludes $0.2 million non-cash charge of the changes in fair value of the
contingent consideration receivables related to make good provisions upon
acquisition of VIEs for the three months ended December 31, 2012.

(2) Non-GAAP adjusted net income attributable to common stockholders and EPS
excludes: (1) $0.7 million non-cash gain on deconsolidation of a subsidiary
and $0.2 million of the related deferred income tax expenses; (2) $0.1 million
of non-cash charge of the changes in fair value of the contingent
consideration receivables related to make good provisions upon acquisition of
VIEs; and (3) $2.6 million of non-cash stock compensation expenses recognized
for restricted stock and options issued to management, directors and employees
for the three month ended December 31, 2011.

Fourth Quarter 2012 Financial Results

Revenues increased by $2.1 million to $8.3 million for the three months ended
December 31, 2012 compared to the three months ended December 31, 2011,
representing a 34% increase.

Mr. Handong Cheng, Chairman and CEO of the Company, stated, "Our strong
financial results for the second half of 2012 reflects successful execution of
our long term strategy. We continued investing in new services such as brand
management and sales channel building during the 2011 and 2012 economic
downturn. Those investments have started to not only expand our client base
but also gradually contribute to our overall revenue and profit growth."

Fourth Quarter 2012 Revenue Breakdown by Business Unit (USD in thousands)
                                     Q4 2012  %    Q4 2011  %   % Change
Internet Advertisement                $6,013   73%  $3,547   57% +70%
TV Advertisement                      $703     8%   $1,692   27% -58%
Bank Kiosk                            $68      1%   $72      1%  -6%
Brand Mgmt. & Sales Channel Building  $1,467   18%  $886     14% +66%

Revenue from Internet advertisements for the three months ended December 31,
2012 increased by 70% to $6.0 million compared to the three months ended
December 31, 2011, primarily due to the additional revenues from Sou Yi Lian
Mei ("SOOE"), the company ChinaNet acquired in December 2011. Sales of brand
management and sales channel building services increased by 66% to $1.5
million, representing 18% of total sales for the three months ended December
31, 2012. This increase was due to an increase in the average advertising
spending per customer from larger-sized clients. TV advertising revenues fell
to $0.7 million in the fourth quarter of 2012 from $1.7 million in the fourth
quarter of 2011.

Gross profit for the three months ended December 31, 2012 was $4.8 million, up
60% from $3.0 million in the same period one year ago. Gross margin was 57.7%,
an improvement from 40.1% in the third quarter of 2012 and 49% in the fourth
quarter of 2011.

Operating expenses for the three months ended December 31, 2012 were
approximately $3.1 million, down substantially from $7.5 million in the
comparable period in 2011. General and administrative expenses fell by $3.5
million to $1.7 million due to lower non-cash bad debts provision and stock
compensation expenses.

The Company had $1.7 million of operating income in the three months ended
December 31, 2012 compared to $4.5 million of operating loss in the same
period one year ago. Operating margin was 20.6% in the fourth quarter of 2012.

Net income attributable to common stockholders for the three months ended
December 31, 2012 was $1.2 million and earnings per share was $0.06, compared
to -$3.9 million and -$0.19 for the three months ended December 31, 2011,
respectively.

Non-GAAP adjusted net income attributable to common stockholders for the three
months ended December 31, 2012 was $1.4 million and adjusted earnings per
share was $0.06, compared to -$1.8 million and -$0.08 for the three months
ended December 31, 2011, respectively.

Full Year 2012 Results (USD)

                                     FY 2012          FY 2011          CHANGE
Sales                                 $46.6 million    $28.7 million    +62%
Gross Profit                          $15.0 million    $16.7 million    -10%
Gross Margin                          32.3%            58.1%            -44%
Net Income Attributable to Common     $3.0 million     $2.6 million     +15%
Stockholders
Adjusted Net Income Attributable to   $3.2 million^(1) $4.5 million^(2) -31%
Common Stockholders
EPS (Diluted)                         $0.14            $0.14            0%
Adjusted EPS (Diluted)                $0.14^(1)        $0.24^(^2^)      -42%

(1) Non-GAAP adjusted net income attributable to common stockholders and EPS
exclude a $0.2 million non-cash charge of the changes in fair value of the
contingent consideration receivables for the year ended December 31, 2012.

(2) Non-GAAP adjusted net income attributable to common stockholders and EPS
excludes: (1) $0.9 million non-cash gain on deconsolidation of subsidiaries
and $0.2 million of the related deferred income tax expenses; (2) $0.1 million
non-cash charge of the changes in fair value of the contingent consideration
receivables related to make good provisions upon acquisition of VIEs; and (3)
$2.6 million non-cash stock compensation expense recognized for restricted
stock and options issued to management, directors and employees for the year
ended December 31, 2011.

Year Ended December 31, 2012 Revenue Breakdown by Business Unit (USD in
thousands)
                                    FY 2012   %     FY 2011   %     % Change
Internet Advertisement               $21,366   46%   $19,981   70%   +7%
TV Advertisement                     $20,454   44%   $6,434    22%   +218%
Bank Kiosk                           $282      1%    $487      2%    -42%
Brand Mgmt. & Sales Channel Building $4,498    10%   $1,829    6%    +146%

Net revenues for the year ended December 31, 2012 increased by 62% to $46.6
million compared to $28.7 million for the year ended December 31, 2011. Higher
revenues from Internet and TV advertisement and brand management and sales
channel building services offset lower revenues from the bank kiosk segment.

Total cost of revenues increased to $31.6 million for the year ended December
31, 2012 from $12.0 million for the same period in 2011. The increase of total
cost of revenues for the year ended December 31, 2012 was primarily due to the
significant increase in costs associated with the TV advertising business
segment.

Gross profit for the year ended December 31, 2012 was $15.0 million compared
to $16.7 million in the same period a year ago. Gross margin decreased to
32.3% from 58.1% for the same period in 2011 as a result of the significant
increase in revenues from TV advertising, which is a lower margin business.
Revenues from TV advertising accounted for approximately 44% of total revenues
in the year ended December 31, 2012 compared to 22% for 2011.

Operating expenses for the year ended December 31, 2012 were approximately
$10.5 million, representing a decrease of 22% from $13.5 million in the
comparable period in 2011. Even excluding the absence of $1.9 million
non-recurring stock compensation expenses related to restricted stock and
options granted to management and employees in November 2011, the Company
successfully reduced expenses across the board, with year-over-year declines
in general and administrative and selling expenses. Research and development
expenses were $1.8 million for the twelve months ended December 31, 2012
compared to $2.1 million in the comparable period a year ago due to the
absence of a $0.7 million non-cash, non-recurring R&D expense related to
restricted stock and options granted to management and employees in November
2011.

Operating income for the year ended December 31, 2012 was $4.5 million,
representing an operating margin of 9.7% compared to $3.2 million and 11.0%,
respectively, in the same period one year ago.

GAAP net income attributable to common stockholders for the fiscal year 2012
was $3.0 million and earnings per share was $0.14 compared to $2.6 million and
$0.14 for the fiscal year of 2011, respectively. Non-GAAP adjusted net income
attributable to common stockholders and earnings per share for 2012 were $3.2
million and $0.14, respectively. The weighted average shares outstanding for
the fiscal year of 2012 and 2011 was 22.2 million shares and 18.8 million
shares, respectively.

Balance Sheet and Cash Flow

The Company had $5.5 million in cash and cash equivalents as of December 31,
2012, compared to $10.7 million as of December 31, 2011, working capital of
$25.2 million, compared to $27.0 million as of December 31, 2011, and a
current ratio of 3.5 to 1 compared 4.5 to 1 as of December 31, 2011. Total
shareholders' equity of ChinaNet was $44.2 million at December 31, 2012
compared to $41.7 million at December 31, 2011.

The Company generated $5 million of cash inflows from operations for the full
year of 2012 compared to a $0.6 million of cash outflow for the full year of
2011.

Guidance for 2013

Management anticipates to release the revenues and net income guidance for
fiscal year 2013 in May 2013.

Business Updates

ChinaNet participated as a judge and sponsor for the 2012 International Youth
Innovation Games during December 2012. The event, supported by China's
Ministry of Education, signified support of youth innovation by academia,
government and private entities.

Liansuo.com, the Company's subsidiary, signed an agreement to help Super 8
International Limited expand its franchise outside the U.S. Super 8
International, a subsidiary of Wyndham Worldwide, is one of the largest hotel
operators in the world with more than 2,600 hotels. Liansuo.com will help
Super 8 International build a strong brand in China through traditional and
online marketing.

ChinaNet continued to build its international presence by participating in two
major international franchise exhibitions – the Korean Chain Industry Fair in
December 2012 and the Beijing Franchise Expo in April 2013.

Conference Call   
Date:             Wednesday, April 17, 2013
Time:             8:30 a.m. Eastern Time
Conference Line   1-877-317-6776
(U.S.):
International     1-412-317-6776
Dial-In:
Conference ID:    10027127
Webcast:          http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=1071

A power point presentation will be available for downloading on the date of
the conference call on ChinaNet's corporate website www.chinanet-online.com;
under Investor Relations-News/Events-Events and Presentations.

Please dial in at least 10 minutes before the call to ensure timely
participation.

A playback of the call will be available until 8:30 a.m. Eastern Time on April
24, 2013. To listen, call 1-877-344-7529 within the United States or
1-412-317-0088 when calling internationally. Please use the replay pin number
10027127.

About ChinaNet Online Holdings, Inc.

ChinaNet Online Holdings, Inc., a parent company of ChinaNet Online Media
Group Ltd., incorporated in the BVI, is a leading business to business
Internet technology company focusing on providing online-to-offline sales
channel expansion service for small and medium-sized enterprises and
entrepreneurial management and networking service for entrepreneurs in China.
Founded in 2003 and based in Beijing, PRC, the Company's services include its
28.com portal to connect SME franchisors with new franchisees, Internet
advertising and marketing with other value-added communication channels, brand
management and sales channel solutions, and cloud-computing based management
tools, expected to be officially commercialized in 2013. Website:
http://www.chinanet-online.com.

About Non-GAAP Financial Measures

To supplement the audited consolidated statement of income and comprehensive
income presented in accordance with GAAP, we are also providing non-GAAP
measures of income from operations, income before income tax expenses, net
income, net income attributable to us, net income attributable to our common
stockholders and basic and diluted earnings per share for the year ended
December 31, 2012 and 2011, which are adjusted from results based on GAAP to
exclude the non-cash gain and expenses recorded, which related to changes in
fair value of contingent consideration receivables related to the "make-good"
provisions upon acquisition of VIEs for the year ended December 31, 2012; the
gain on deconsolidation of subsidiaries, the related deferred income tax
expenses, changes in fair value of contingent consideration receivables
related to the "make-good" provisions upon acquisition of VIEs, and non-cash
share-based compensation expenses recognized for the restricted stock and
common stock purchase options issued to our management, directors and
employees for the year ended December 31, 2011. The non-GAAP financial
measures are provided to enhance the investors' overall understanding of our
current performance in on-going core operations as well as prospects for the
future. These measures should be considered in addition to results prepared
and presented in accordance with GAAP, but should not be considered a
substitute for or superior to GAAP results. We use both GAAP and non-GAAP
information in evaluating our operating business results internally and
therefore deemed it important to provide all of this information to investors.

The following table presents reconciliations of our non-GAAP financial
measures to the audited consolidated statements of income and comprehensive
income for the years ended December 31, 2012 and 2011 (all amounts, except
number of shares and per share data, are presented in thousands of US
dollars):

                    Year Ended December 31,                                 
                    2012                  2011
                    GAAP       NON GAAP   GAAP            NON GAAP
                    US$        US$        US$             US$
                                                       
Gross Profit         $15,042    $15,042    $16,704         $16,704
                                                       
Operating expenses                                      
Selling expenses     2,683      2,683      3,506           2,827
General and
administrative       6,030      6,030      7,904           6,647
expenses
Research and         1,819      1,819      2,132           1,461
development expenses
                    10,532     10,532     13,542          
                                                       10,935
                                                       
Income from          4,510      4,510      $3,162          
operations
Adjusted income from                                    $5,769
operations
                                                       
Other income                                            
(expenses):
Changes in fair
value of contingent  (160)     --        (70)           --
consideration
receivables
Interest income      186        186        13              13
Gain on
deconsolidation of   --         --         925             --
subsidiaries
Other (expenses)     (150)      (150)      5               5
income
                    (124)                873             
                              36                        18
                                                       
Income before income
tax expense, equity
method investments   4,386                4,035           
and noncontrolling
interests
Adjusted income
before income tax
expense, equity                4,546                     5,787
method investments
and noncontrolling
interests
Income tax expense   529        529        1,035           827
Income before equity
method investments   3,857                3,000           
and noncontrolling
interests
                                                       
Adjusted income
before equity method
investments and                4,017                     4,960
noncontrolling
interests
Share of losses in
equity investment    (449)      (449)      (219)           (219)
affiliates
Net income           3,408                2,781           
                                                       
Adjusted net income            3,568                     4,741
Net (income) loss
attributable to      (412)      (412)      214             214
noncontrolling
interest
                                                       
Net income
attributable to      2,996                2,995           
ChinaNet Online
Holdings, Inc.
                                                       
Adjusted net income
attributable to                3,156                     4,955
ChinaNet Online
Holdings, Inc.
Dividend for series
A convertible        --         --         (407)           (407)
preferred stock
                                                       
Net income
attributable to      $2,996               $2,588          
common shareholders
of ChinaNet Online
                                                       
Adjusted net income
attributable to                $3,156                    $4,548
common shareholders
of ChinaNet Online
                                                       
                                                       
Earnings per common  $0.14                $0.14           
share-Basic
Adjusted earnings
per common                     $0.14                     $0.25
share-Basic
                                                       
Earnings per common  $0.14                $0.14           
share-Diluted
Adjusted earnings
per common                     $0.14                     $0.24
share-Diluted
                                                       
Weighted average
number of common                                        
sharesoutstanding:
Basic                22,185,556 22,185,556 18,545,609      18,545,609
Diluted              22,185,556 22,185,556 18,759,240[(1)] 20,384,766[(2)]
                                                       
(1) For the year ended December 31, 2011, the effect of the 1,625,526
incremental shares resulted from assumed conversion of the convertible
preferred stock was not included, because its effect was anti-dilutive under
GAAP measures.
(2) For the year ended December 31, 2011, the effect of the 1,625,526
incremental shares resulted from assumed conversion of the convertible
preferred stock was included, because the effect was dilutive for not
including the non-cash gain and expenses related to the non-recurring
transactions incurred under NON-GAAP measures.

Safe Harbor

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
laws.

CHINANET ONLINE HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except for number of shares)
                                                                    
                                                           As of December 31,
                                                           2012      2011
                                                           (US $)    (US $)
Assets                                                               
Current assets:                                                      
Cash and cash equivalents                                  $5,483    $10,695
Term deposit                                                3,357     --
Accounts receivable, net                                    8,486     4,444
Other receivables, net                                      3,103     3,631
Prepayment and deposit to suppliers                         14,596    15,360
Due from related parties                                   210       324
Contingent consideration receivables                       --        159
Other current assets                                        136       129
Deferred tax assets-current                                 50        --
Total current assets                                        35,421    34,742
                                                                    
Investment in and advance to equity investment affiliates  959       1,396
Property and equipment, net                                1,636     1,902
Intangible assets, net                                     7,167     8,151
Goodwill                                                   11,083    10,999
Deferred tax assets-non current                            652       92
Total Assets                                                $56,918   $57,282
                                                                    
Liabilities and Equity                                               
Current liabilities:                                                 
Accounts payable                                            $110      $268
Advances from customers                                     1,065     724
Accrued payroll and other accruals                          904       616
Due to equity investment affiliate                          --        220
Due to related parties                                      --        161
Payable for acquisition                                     1,266     550
Taxes payable                                               6,683     5,040
Other payables                                              217       114
Dividend payable                                            --        5
Total current liabilities                                   10,245    7,698
Long-term liabilities:                                               
Deferred tax liability-non current                          1,689     1,893
Long-term borrowing from director                           139       137
Total Liabilities                                           12,073    9,728
                                                                    
Commitments and contingencies                                       
                                                                    
Equity:                                                              
ChinaNet Online Holdings, Inc.'s stockholders' equity                
Common stock (US$0.001 par value; authorized 50,000,000
shares; issued and outstanding 22,186,540 shares and                 
22,146,540 shares at December 31, 2012 and 2011,
respectively)
                                                                    
                                                           22        22
Additional paid-in capital                                 20,008    20,747
Statutory reserves                                         2,296     2,117
Retained earnings                                         19,505    16,688
Accumulated other comprehensive income                     2,393     2,132
Total ChinaNet Online Holdings, Inc.'s stockholders' equity 44,224    41,706
                                                                    
Noncontrolling interests                                   621       5,848
Total equity                                                44,845    47,554
                                                                    
Total Liabilities and Equity                                $56,918   $57,282


CHINANET ONLINE HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(In thousands, except for number of shares and per share data)
                                                                 
                                                      Year Ended December 31,
                                                      2012        2011
                                                      (US $)      (US $)
Sales                                                             
From unrelated parties                                $46,403     $28,105
From related parties                                  197         626
                                                      46,600      28,731
Cost of sales                                          31,558      12,027
Gross margin                                           15,042      16,704
                                                                 
Operating expenses                                                
Selling expenses                                       2,683       3,506
General and administrative expenses                    6,030       7,904
Research and development expenses                      1,819       2,132
                                                      10,532      13,542
                                                                 
Income from operations                                 4,510       3,162
                                                                 
Other income (expenses)                                           
Changes in fair value of contingent consideration      (160)       (70)
receivables
Interest income                                        186         13
Gain on deconsolidation of subsidiaries                --          925
Other (expenses)/income                                (150)       5
                                                      (124)       873
                                                                 
Income before income tax expense, equity method        4,386       4,035
investments and noncontrolling interests
Income tax expense                                     529         1,035
Income before equity method investments and            3,857       3,000
noncontrolling interests
Share of losses in equity investment affiliates        (449)       (219)
Net income                                             3,408       2,781
Net (income) / losses attributable to noncontrolling   (412)       214
interests
Net income attributable to ChinaNet Online Holdings,   2,996       2,995
Inc.
Dividend of Series A convertible preferred stock       --          (407)
Net income attributable to common stockholders of      $2,996      $2,588
ChinaNet Online Holdings, Inc.
                                                                 
Net income                                             3,408       2,781
Foreign currency translation gain                      267         1,254
Comprehensive Income                                   $3,675      $4,035
Comprehensive (income) / losses attributable to        (418)       162
noncontrolling interests
Comprehensive income attributable to ChinaNet Online   $3,257      $4,197
Holdings, Inc.
                                                                 
Earnings per share                                                
Earnings per common share                                         
Basic                                                 $0.14       $0.14
Diluted                                                $0.14       $0.14
                                                                 
Weighted average number of common shares outstanding:             
Basic                                                 22,185,556  18,545,609
Diluted                                              22,185,556  18,759,240


CHINANET ONLINE HOLDINGS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
                                                                 
                                                      Year Ended December 31,
                                                      2012        2011
                                                      (US $)      (US $)
                                                                 
Cash flows from operating activities                              
Net income                                            $3,408      $2,781
Adjustments to reconcile net income to net cash                   
provided by operating activities
Depreciation and amortization                          1,637       1,012
Share-based compensation expenses                     48          2,900
Changes in fair value of contingent consideration      160         70
receivables
Allowances for doubtful debts                          1,141       2,583
Share of losses in equity investment affiliates        449         219
Gain on deconsolidation of subsidiaries                --          (925)
Loss / (gain) on disposal of property and equipment    2           (3)
Deferred taxes                                         (828)       27
Changes in operating assets and liabilities                       
Accounts receivable                                    (5,516)     (2,100)
Other receivables                                      1,400       5,276
Prepayment and deposit to suppliers                    882         (11,247)
Due from related parties                               117         (130)
Other current assets                                   (5)         (197)
Accounts payable                                       (158)       27
Advances from customers                                335         (1,575)
Accrued payroll and other accruals                     285         166
Due to director                                        --          (559)
Due to Control Group                                   --          (82)
Due to related parties                                 (4)         (139)
Other payables                                         72          490
Taxes payable                                          1,603       803
Net cash provided by (used in) operating activities    5,028       (603)
                                                                 
Cash flows from investing activities                              
Purchases of vehicles and office equipment             (314)       (741)
Purchase of intangible assets                          --          (1,445)
Short-term loan to unrelated entities                  (475)       --
Project development deposit to a third party           (2,453)     --
Refund of project development deposit from a third     2,453       --
party
Cash from acquisition of VIEs                          --          330
Cash effect on deconsolidation of VIEs                 --          (1,670)
Long-term investment in and advance to equity          --          (1,712)
investment affiliates
Disposal of investment in and loan repayment from      --          8,885
equity investment affiliate
Payment for acquisition of VIEs                        (5,775)     (9,731)
Placement of term deposit                              (3,355)     --
Net cash used in investing activities                  (9,919)     (6,084)
                                                                 
Cash flows from financing activities                              
Cash investment contributed by noncontrolling          --          378
interests
Dividend paid to convertible preferred stockholders    (5)         (657)
Short-term loan borrowed from an equity investment     316         216
affiliate
Short-term loan repaid to an equity investment         (538)       --
affiliate
Repayment to legal (nominal) shareholders of Shanghai  (158)       --
Jing Yang
Capital contributions received in advance from new
shareholders of Zhao Shang Ke Hubei before             --          1,545
deconsolidation
Net cash (used in) provided by financing activities    (385)       1,482
                                                                 
Effect of exchange rate fluctuation on cash and cash   64          310
equivalents
                                                                 
Net decrease in cash and cash equivalents              (5,212)     (4,895)
                                                                 
Cash and cash equivalents at beginning of the year    10,695      15,590
Cash and cash equivalents at end of the year          $5,483      $10,695
                                                                 

CONTACT: MZ North America
         Ted Haberfield, President
         Direct: +1-760-755-2716
         Email: thaberfield@mzgroup.us
         Web: www.mzgroup.us