ChinaNet Online Holdings Judges in Finals for International Youth Innovation Games on December 26th
December 28 2012 - 8:30AM
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 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 finals of
the 2012 International Youth Innovation Games was held in Peking
University on Wednesday, December 26th. ChinaNet participated as a
sponsor and promoter of the 2012 International Youth Innovation
Games ("the Games").
Mr. George Chu, COO of ChinaNet said, "We were delighted to be
involved with the inaugural International Youth Innovation Games,
which allowed us to extend our talent recruitment program to these
young entrepreneurs. Additionally, we saw some potential
innovations that could accelerate our addressable market in the
next few years. During the two months of the competition, over
20,000 teams from 20 countries submitted their ideas. We saw a
measured increase in the number of searches for our services and
the traffic to our various websites, including Chuangye.com, 28.com
and Liansuo.com. We congratulate the winners from the 2012 Youth
Innovation Games and look forward to working with them to help
implement their business ventures and being their mentors."
Organized by Peking University and supported by China's Ministry
of Education, the International Youth Innovation Games is one of
the largest innovation competitions in the world. The Games is
divided into four categories – innovative design, creative
marketing, innovation management, and business practices – and
designed to promote creativity and innovation among students and
entrepreneurs. The event, held in Innovation Stadium attracted over
20,000 teams and 100,000 participants through a combination of
in-person and online submissions.
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.
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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