ChinaNet Online Holdings, Inc. Preannounces First Quarter 2013 Revenues of $7 million
May 15 2013 - 4:05PM
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 (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 its preliminary unaudited
revenues for the three months ended March 31, 2013 was
approximately $7 million.
The Company filed a Form 12b-25 with the Securities and Exchange
Commission on May 15, 2013 to extend the filing of the Company's
Form 10-Q for the three months ended March 31, 2013, which is due
May 15, 2013, for up to an additional five calendar days. With this
extension, if the Form 10-Q is filed by May 20, 2013, the Form 10-Q
will be deemed to be timely filed.
ChinaNet will host a conference call at 8:30 am ET on Tuesday,
May 21st to discuss its first quarter 2013 results. Please use the
following information:
Date: Tuesday, May 21, 2013 Time: 8:30 am Eastern Time
Conference Line (U.S.): 1-877-317-6776 International Dial-In:
1-412-317-6776 Conference ID: 10029114 Webcast:
http://webcast.mzvaluemonitor.com/Cover.aspx?PlatformId=1313
Please dial in at least 10-minutes before the call to ensure
timely participation.
A playback of the call will be available until 8:30 am ET on May
28, 2013. To listen, call 1-877-344-7529 within the United States
or 1-412-317-0088 when calling internationally. Please use the
replay pin number 10029114.
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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