VANCOUVER, June 19 /PRNewswire-FirstCall/ -- ChineseWorldNet.com Inc. (OTCBB: CWNOF) is proud to announce the signing of a Product Sales Agreement (the "Agreement") between its Chinese-Foreign Joint Venture ChineseWorldNet.com (Shanghai) Limited ("Chinese JV") and Beijing Compass Technology Development Co. Ltd. Following the execution of the Agreement, Chinese JV is given the privilege to sell products owned by Beijing Compass Technology Development Co. Ltd. and permitting the use and channeling the digital financial data in the China Market. The signing of the Agreement has successfully promoted to develop the existing sales agents outlets based on a franchising model with the purpose of selling financial data and investment tools to local retail investors. The business plan for Chinese JV is to acquire up to ten sales agent outlets during the initial three months period. At present, five outlets located in Beijing, Shanghai, Nanjing, Wuhan, Jinan have already signed the distribution agreements. ChineseWorldNet.com, Inc. at the same time had signed a separate Product Sales Agreement with Beijing Compass Technology Development Co. Ltd. permitting an overseas license for ChineseWorldNet.com, Inc. to channel level two data into the international market, North America in particular. This creates an effective communication bridge between North America and the Greater China financial market, thus strengthening the Company's market potential and competitive advantage. About ChineseWorldNet.com Inc. Established in Year 2000 and listed on the OTCBB, CWN is a knowledge-based platform, which has become the leading provider of diverse Chinese financial services to individual investors and financial professionals worldwide, with a concentrated customer base in North America. The company serves as an intermediary between public companies, financial institutions, financial professionals, and investors, allowing them to develop working relationships and functional networks using our platform. In addition, CWN is an effective connection and communication route between the North American and Greater China markets. About Chinese-Foreign Joint Venture ChineseWorldNet.com (Shanghai) Limited A Chinese-Foreign Joint Venture, ChineseWorldNet.com (Shanghai) Limited, was established in February 2008 with business license obtained in April 2008. The purposes of the joint venture were to assist ChineseWorldNet.com.Inc. expands its business into China market and to efficiently coordinate business events and conferences through the combined efforts resulting from the partnership with Shanghai Compass Venture Capital Investment Limited Company. The joint venture also calls for future capital-market related projects in China and to further develop its existing investor relations/public relations business. CONTACT: Investor Contact: Mr. Gilbert Chan, Senior Vice President of Marketing, ChineseWorldNet.com, Inc. Tel (604) 488-8878, ; Website: http://corp.chineseworldnet.com/ DATASOURCE: ChineseWorldNet.com Inc. CONTACT: Investor Contact: Mr. Gilbert Chan, Senior Vice President of Marketing, ChineseWorldNet.com, Inc. Tel (604) 488-8878, ; Website: http://corp.chineseworldnet.com/

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