ChinaNet Online Holdings Expands Presence in Korea; Participates at 2012 Korean Chain Industry Fair in Shanghai
January 30 2013 - 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 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 Company's
subsidiary, Liansuo.com, participated in the Korean Chain Industry
Briefings and Fair ("the Fair") held in Shanghai on December 12,
2012.
Mr. George Chu, COO of ChinaNet remarked, "We are building a
strong foundation to expanding our services to Korea. Coming on the
heels of our successes at the largest SME fair in Korea last
October, we held product demonstrations and in-depth discussions
with several business owners and entrepreneurs interested in using
Liansuo.com's services in Korea. They recognized the potential for
ChinaNet to help them growth their businesses, not only
domestically but in new markets such as China as well. We will
follow up with these prospects over the next few weeks in hopes of
converting them into ChinaNet customers."
Organized by the Korean Association of Chain Management, one of
the largest trade organizations for franchise owners in South
Korea, the Korean Chain Industry Fair is designed to facilitate
growth and innovation among its members. More than 100 of franchise
owners attended this year's event, the Fair has been held by KOREA
TRADE-INVESTMENT PROMOTION AGENCY, which was founded in 1962.
Liansuo.com was the only advertising and brand management service
provider invited to participate in the event.
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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