ChinaNet Online Holdings Forms Blockchain-Powered Business Opportunity Social Ecosystem
June 19 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, announced today
the formation of its closed loop Business Opportunity Social
Ecosystem (BOSE), a blockchain-powered marketing and
advertising transaction system.
BOSE is developed on the Company’s Business
Opportunity Chain (BOC) as a network that integrates the Company’s
existing marketing and advertising infrastructures with its
blockchain-powered business opportunity transaction platforms such
as BOH. The network is designed to address the problems that occur
in modern advertising and marketing activities such as the fair
distribution and monetization of business opportunities. The
network will also improve the credibility of enterprises through
the verification of sales leads and transactions. In addition, BOSE
aims to create value for and improve the trust between commercial
institutions, third party service providers, enterprises and the
average consumers with the circulation of Martingale Bonus Points
(MBP). MBP are rewarded to credible participants for their content
contribution or network-wide interactions.
Mr. Handong Cheng, Chairman, and Chief Executive
Officer of CNET, commented, “We are excited to introduce the
concept of BOSE, which marks an important milestone in our path to
create a secure and transparent transaction environment for our
users. This is achieved by utilizing our strong research and
development capabilities to implement blockchain technologies such
as the distributed ledger technology and cryptographic hash
functions. These were the core technologies upon which we developed
the first blockchain-powered mobile application called Business
Opportunity Headline, or BOH, in the ecosystem. We are encouraged
by the positive feedback that we have gathered so far. Going
forward, we will remain committed to introducing and integrating
additional blockchain-based products into our ecosystem, including
the next version of CloudX. We are confident that BOSE will
position us at the forefront of the rapidly growing blockchain
industry in China.”
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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