ChinaNet Online Holdings Announces Partnership With One of the Largest Human Resource Websites in Taiwan
December 14 2011 - 7:30AM
ChinaNet Online Holdings, Inc. ("ChinaNet"), (Nasdaq:CNET), a
leading B2B (business to business) Internet technology company
focusing on providing online-to-offline ("O2O") sales channel
expansion service for small and medium-sized enterprises (SMEs) and
entrepreneurial management and networking service for entrepreneurs
in the People's Republic of China, today announced that it has
entered into a strategic partnership agreement with All Chinese
Internet Inc. ("1111") to help business owners and entrepreneurs in
Taiwan launch operations in mainland China. The partnership started
from the beginning of November 2011.
"This is another important component of our Taiwan growth
strategy," explained Mr. Handong Cheng, Chairman and CEO of
ChinaNet. "Due to increasing cultural, economic and political
integration between mainland China and Taiwan, businesses and
entrepreneurs in Taiwan are looking for opportunities to establish
a presence in mainland China. Our agreement with an established
organization with thousands of high-quality franchisors positions
our Company well to capture this exciting opportunity."
1111 is one of the largest human resource websites in Taiwan
which is a unique website to provide entrepreneurs expansion
service, with over 400,000 small and medium sized business members.
Its website, www.1111boss.com.tw, has over 2,000 active SMEs and
200,000 registered entrepreneurs. 1111 members, through ChinaNet's
comprehensive marketing services portal www.liansuo.com, can
efficiently market their franchise opportunities to customers,
entrepreneurs and business partners in mainland 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 online to offline ("O2O") 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:
http://www.chinanet-online.com.
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.
CONTACT: MZ North America
Ted Haberfield, President
Tel: +1-760-755-2716
Email: thaberfield@hcinternational.net
Web: www.mz-ir.com
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