ChinaNet Online Holdings Sponsors Business Forum in Quanzhou
December 21 2012 - 7:30AM
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 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 participated as a sponsoring organizer
of the Quanzhou Business Forum on December 17, 2012.
The inaugural Quanzhou Business Forum was organized by various
business and local government leaders to address ways to help local
small businesses prosper. Many business owners in the apparel and
footwear industries are struggling with the slowdown in demand for
their products caused by the recent deceleration global economic
growth. ChinaNet, a leader in sales channel expansion services for
SMEs, was invited to provide their expertise and possible
solutions. ChinaNet Chairman Handong Cheng participated in a series
of panel discussions, along with Quanzhou Economic and Trade
Commission Director Huang Guofu, and Managing Director Ma Yue from
RYO JI Technical Corporation, a ChinaNet customer. Executives from
more than 30 enterprises such as Hongxing Erke Group, Fujian Force
Clothing Co., Ltd., Quanzhou Yicheng Garment Co., Ltd. also
attended the event.
"We are delighted to discuss ways to collaborate with the
Quanzhou Economic and Trade Commission," said George Chu, Chief
Operating Officer of ChinaNet. "Quanzhou has a vibrant business
culture, with 76 publicly listed companies, over 50,000 small
businesses, including 1,500 companies with annual sales in excess
of 100 million RMB ($15 million USD), looking for a trusted service
provider to help them grow. We will work hand in hand with the
Quanzhou Economic and Trade Commission and other local government
authorities to jointly promote the development of SMEs."
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:
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@mzgroup.us
Web: www.mzgroup.us
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