ChinaNet Online Holdings Subsidiary Liansuo.com Signs New Customer
BEIJING, Nov. 5, 2013 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc.
(Nasdaq:CNET) (the "Company"), a leading B2B (business to business) Internet
technology company focusing on 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 that the Company's subsidiary,
Liansuo.com, signed an agreement with Beijing Origus Food Co., Ltd.("Origus")
to help expand Origus' franchise in China and internationally.
"This is an important new client for Liansuo.com," explained George Chu, Chief
Operating Officer of ChinaNet. "Origus established a strong brand name in
China and expanded to over 100 franchised stores domestically. We will help
them further accelerate their franchise expansion in China and abroad."
Origus, a pioneer of the pizza buffet concept in China, was founded in 1998.
It has grown from its original location in Pittsburgh, Pennsylvania to
hundreds of locations in more than 20 provinces in China. Separate from the
buffet, Origus also provides other dining options, including corporate
catering and take-out. Origus was a designated caterer of the 2008 Beijing
Olympic Press Center. Liansuo.com will provide online advertising and
marketing to help Origus further increase its brand recognition among
consumers and entrepreneurs and open more franchise restaurants in second and
third tier cities in China.
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 and medium-sized enterprises (SMEs)
and entrepreneurial management and networking 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 SMEs via its portal websites, 28.com, Liansuo.com and Chuangye.com, TV
commercials and program production via China-Net TV, and in-house LCD
advertising on banking kiosks targeting Chinese banking patrons. Website:
CONTACT: MZ North America
Ted Haberfield, President
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