VANCOUVER, July 2 /PRNewswire-FirstCall/ -- ChineseWorldNet.com, Inc. (OTCBB: CWNOF) announced today its financial results for the year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission on Form 20-F. Amounts, unless specified otherwise, are expressed in U.S. dollars and in accordance with US Generally Accepted Accounting Principles (US GAAP). Summary of Fiscal Year 2007 For the year ended December 31, 2007 ChineseWorldNet.com, Inc. reported a consolidated net gain of $108,354, which included deferred income tax recovery of $54,221, (or $0.01 gain per common share basic and diluted) compared to the 2006 consolidated net loss of $209,883 (or $0.03 loss per common share basic and diluted). The increase in income was primarily the result of an increase in number of publicly listed companies from the mining industry sector and our business expansion towards the GCFF conference business. There was also revenue growth from Banner Advertisements, Chinese Webpage Design and Hosting and IR/PR Service in the year 2007. The results of operations were in line with management's expectations. ChineseWorldNet.com, Inc. had seen sales increase of 106% in the year 2007 compared to the year 2006. The Company had a cash position of $0.25 per common share as at December 31, 2007, with no other outstanding debt from lending institutions or line of credit. "I'm pleased with the progress we made in fiscal 2007 which has been a significant year for our Company. Sales figure had jumped substantially and we recognize that revenue growth will require penetration into the market of Mainland China. We have subsequent to the fiscal 2007 established our presence in China by forming a Chinese-Foreign Joint Venture ChineseWorldNet.com (Shanghai) Limited having a physical office located at Pudong, Shanghai. We will continue to move forward on the road of becoming a global leader in communication and information gateways between investors and service providers." said Mr. Joe Tai, the president and CEO. Complete financial results can be obtained on-line at http://www.otcbb.com/asp/Info_Center.asp On behalf of Board of Directors Joe K. F. Tai President and CEO ChineseWorldNet.com, Inc. ABOUT ChineseWorldNet.com, Inc. ChineseWorldNet.com Inc. (CWN) is a financial marketing company specialized in the Chinese investor community. CWN offers marketing solutions, investor relations, public relations, and other promotional services to financial service providers and public companies intend to promote their companies to the Chinese investors market. CWN's inter-linked services are connected through four main elements: ChineseWorldNet.com, the financial information portal is an in-house developed, user-friendly, Chinese language on-line investment platform, serving individual and institutional investors in North America and Asia. FORWARD LOOKING STATEMENTS This press release includes statements that may constitute forward-looking statements made pursuant to the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. ChineseWorldNet.com, Inc. cautions readers that forward-looking statements including, without limitation, those relating to the ChineseWorldNet.com, Inc.'s future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the ChineseWorldNet.com, Inc.'s reports filed with the SEC. 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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