ChineseWorldNet.com, Inc. (OTCBB: CWNOF) announced the signing of Product Sales Agreements with Beijing Compass Technology Devel
June 19 2008 - 11:29AM
PR Newswire (US)
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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