ChinaNet Online Holdings Hires New Chief Technology Officer
June 21 2012 - 8:00AM
ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (the "Company"), 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 Yang Zhenghong has joined the Company as its Chief Technology
Officer ("CTO") effective immediately. Mr. Yang will oversee
ChinaNet's IT infrastructure and development roadmap.
"On behalf of the management and board, I would like to welcome
Mr. Yang to ChinaNet," stated George Chu, Chief Operating Officer
of ChinaNet Online Holdings, Inc. "One of his main responsibilities
will be to deepen our strategic relationships with search engine
partners in China. With in-depth knowledge of software and cloud
computing, Mr. Yang will help us strengthen our brand in the SME
space and accelerate the penetration of our target market - which
is estimated to be 10% of the 40 million small businesses in
China."
Prior to joining ChinaNet, Yang Zhenghong was responsible for
enterprise content management software and cloud computing platform
development and implementation at the IBM research lab in Silicon
Valley from 1999 to 2011. He was the CTO of English Solution, Inc.
from 1998 to 1999. Mr. Yang has a Master's degree in Computer
Science from the State University of New York at Stony Brook. He
was also the head of the next-generation Internet Access System
National Engineering Laboratory of Cloud Computing Research
Institute at Huazhong University of Science and Technology.
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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