ChinaNet Online Holdings Announces Breakthrough Upgrade of BO!News
August 27 2018 - 7:30AM
ChinaNet-Online Holdings, Inc. (Nasdaq: CNET) ("ChinaNet" or the
"Company"), an integrated online advertising, precision marketing,
and data analysis and management platform company, today announced
a breakthrough upgrade of its blockchain-powered marketing and
advertising mobile application called BO!News (商机头条).
In addition to its previously released
functionalities, the upgraded BO!News app has introduced three
brand new features: social networking, crowd funding, and a
revamped landing page. The latest version of BO!News has added
BO!Social, a blockchain based social networking feature to empower
high quality content producers to directly interact with their
followers. Such interaction is augmented with the expanded
functionalities of Martingale Bonus Points (MBP) to support
crowd-funding of new business initiatives across all
BO!News-powered online communities. To improve user stickiness and
enhance user experience, the Company has also revamped BO!News’
landing page to segment user navigation into three vertical
channels including Entrepreneurship, Investment Projects, and
Discoveries.
BO!News now forms the cornerstone of a
distributed business opportunity transaction platform to encourage
and enable all business participants, including aspiring
entrepreneurs and established businesspeople, to share industry
developments and discuss innovative ideas on a real-time basis.
Leveraging blockchain’s decentralized systems, distributed ledgers,
immutable data, and provenance of asset, BO!News improves the
transparency and effectiveness of advertising services.
“The release of our upgraded BO!News marks a
milestone in our development of blockchain-powered marketing
applications,” commented Mr. George Chu, Chief Operating Officer of
CNET. “Since its initial beta release, BO!News has surpassed the
momentous mark of 300,000 user downloads. In addition, BO!News has
started generating revenues from subscribers to data and blockchain
based advertising and marketing in the last two months
consecutively. Although the amount of revenues from BO!News is
still immaterial, it nonetheless validates the economic viability
of our blockchain initiatives. We are convinced that our investment
in blockchain technologies will transform our business and generate
satisfactory returns for our shareholders.”
About ChinaNet Online Holdings,
Inc.ChinaNet Online Holdings, Inc., a parent company of
ChinaNet Online Media Group Ltd., incorporated in the BVI
(ChinaNet), is an integrated online advertising, precision
marketing and data-analysis and management services platform.
ChinaNet provides prescriptive analysis for its clients to improve
business outcomes and to create more efficient enterprises. The
Company leverages an optimization framework, provided by its
comprehensive data-analysis infrastructure, to blend data,
mathematical, and computational sciences into an outcome management
platform for which it monetizes on a per client basis. ChinaNet
uniquely optimizes and prescribes its clients decision making
processes based on its proprietary ecosystem. For more information,
visit www.chinanet-online.com.
Safe Harbor StatementThis
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.
Investor Relations ContactICR,
Inc.Jack WangTel: +1-646-308-1635Email: CNET@icrinc.com
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