INTAC International Announces Full Range of Career Development and Affinity Services Provided By INTAC Purun In China
October 11 2004 - 8:56PM
PR Newswire (US)
INTAC International Announces Full Range of Career Development and
Affinity Services Provided By INTAC Purun In China HONG KONG, Oct.
11 /PRNewswire-FirstCall/ -- INTAC International, Inc. (Nasdaq:
INTN; FSE: WKN 805768), an Internet service provider in China
providing Chinese students exclusively with a full-range of career
development services through its joint venture with China's
Ministry of Education, Beijing Intac Purun Educational Development
Ltd. ("Intac Purun"), and its Internet portal, Joyba.com
(http://www.joyba.com/ ), today announced a full range of Career
Development and Affinity services to be provided by Intac Purun.
Intac Purun will offer a full range of services through its
Internet Portal and Career Service Centers. These will include
Campus Employment Services which will provide online information to
university students who are looking for internships and jobs, and
employers, who are looking for qualified trainees and employees.
Social Employment Services will provide online information to young
professionals who are looking for jobs, and employers who are
looking for employees. Both Campus and Social Employment Services
will be offered through online and offline services. Online
services will include Outsourcing of HR-functions, Recruitment
Services, Professional Management Career Training and Career
Assessment whereas offline services will include Various Training
Programs and Internships to National & Multinational Employers.
Undergraduate Student Training is a service that will include basic
and enhanced skills training. The basic skills training is tailored
towards the demands of the job market and will enhance the
student's individual skills. The advanced skills training will
strengthen the student's individual skills that were developed
after completion of the basic training. These training courses will
be offered in cooperation with multinational companies such as SAP,
Cisco and Microsoft. These courses will last at least one semester
and be offered at over 1,000 universities. Professional Management
Career Training will be offered and were created based upon the
criteria established by national and multinational employers.
Courses will be created in those areas that require "continuing
education" after graduation. These courses will be set up as
partnerships with private teaching companies. Intac Purun currently
has built relationships with 500 national and multinational
employers in China. The services will be supported on our
http://www.phrbank.com/ web site. Upon successful completion of the
specific training course, the participants will be certified for
the professional qualification. Media Issuance and Management
services began when Intac Purun signed an exclusive license
agreement with 21st Century, the weekly newspaper organization
sponsored by the Chongqing Science and Technology Association.
Under the license agreement, Intac Purun is responsible for the
issuance and management of their publications. Campus Weekly, 21st
Century Talent Report and Team Magazine will be offered through
Intac Purun's Media Issuance and Management services. Campus Weekly
is a newspaper for Chinese students sold through our Career Service
Centers. This weekly publication serves to promote Intac Purun's
online activities and undergraduate training courses. 21st Century
Talent Report is a recruitment publication for job seekers and
hiring companies. This report is published weekly and is sold at
kiosks in Beijing. This will support Intac Purun's online
recruitment activities by offering space for job placement ads,
along with commercial partners advertising for brand and/or product
promotion. Team Magazine is a monthly publication for human
resource managers of national and multinational companies. This
magazine is sold at kiosks in Beijing and distributed by direct
mail. This will support Intac Purun's online recruitment services,
as well as our professional management career training courses.
Intac Purun's goal is to be the #1 employment related weekly
magazine for university students. Subscriptions for the end of 2003
were reported to be 50,000. With Intac Purun taking over the
management of the weekly newspaper, the subscriptions are expected
to rise to over 150,000 by the end of 2004. Apart from Educational
and Career Services, Intac Purun believes it will derive
substantial revenue from a variety of affinity services. These
products will reach the same target groups and be offered through
the same distribution channels as our Career Development Services.
Intac Purun will position itself to be the one-stop Internet
Information, Education and Entertainment Portal for Chinese
Students. http://www.joyba.com/ was launched and will support
university students in all areas of student life. The goal of
http://www.joyba.com/ is to become the "#1 Meeting Place for
Chinese Students". A variety of popular mobile services, like
games, movies, television, music, jokes, star signs, ring tones,
phone background pictures and dating services will be delivered
through SMS, MMS, WAP and IVR services. These mobile services are
the result of our partnering with China Unicom and China Mobile,
and having obtained all the necessary Content Provider licenses.
These life-style services, contents and applications are tailored
towards our target groups. With its extensive content provider
licenses, Intac Purun is able to work with the leading Chinese
suppliers for state of the art product lines. Affinity services
will include Consumer Cafe Cards which will be issued to university
students. This card offers students discounted prices for services
and products from cooperative companies. SIM-Cards through China
Unicom will be offered to university students. This card will
support Chinese students by reducing the cost of mobile services
over China Unicom's network by approximately 50%. Recruiting Agents
Services will be performed by Intac Purun for domestic training
companies. The advantage of the University Cooperative Platform has
been utilized by signing an agreement with an IT certification and
professional English training school. Intac Purun will recruit
students to sign up for these professional training courses. Campus
Promotion and Marketing Services will be offered to our Commercial
Business Partners. Intac Purun realizes the costs associated with
marketing to the 1,000 universities throughout China are cost
prohibitive for commercial businesses to pursue. Intac Purun will
assist these commercial businesses and enhance their image to the
students to increase the sale of their products. "This is indeed an
exciting time for Intac Purun," said Wei Zhou, Chairman and CEO of
INTAC. "There are a significant number of valued services we can
provide as the exclusive provider of career development services
through our joint venture with China's Ministry of Education. We
are rapidly building and establishing what we fully anticipate
being the premier career development service provider in China."
The Company's annual report on Form 10-KSB for the year ended
December 31, 2003 and quarterly report on Form 10-Q for the quarter
ended June 30, 2004 may be viewed at the SEC's website
http://www.sec.gov/ . About INTAC International, Inc. INTAC
International, Inc. is focused on the exploitation of strategic
business opportunities available in China and the Asia-Pacific Rim.
INTAC, an Internet service provider in China, provides Chinese
students exclusively with a full-range of career development
services through its joint venture with China's Ministry of
Education, Beijing Intac Purun Educational Development Ltd., and
its Internet portal, Joyba.com. Forward-Looking Statements This
press release contains certain "forward-looking statements." Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements expressed or implied by such
forward-looking statements to differ materially from those
projected or implied. Factors that could cause or contribute to
such differences include, among other things: changes in general
business conditions; the impact of competition in our industry,
especially in the Asia- Pacific Rim; the fact that we are an early
stage company with an unproven business model; our need for
additional working capital, particularly to the extent that we are
able to locate a suitable business opportunity; the added expense
structure assumed by us as a U.S. public company; political and
economic events and conditions in jurisdictions in which we
operate; PRC Internet laws and regulations that are unclear and
will likely change in the near future; restrictions on foreign
investment in the PRC Internet sector that are imposed by the PRC
government; the PRC government that may prevent us from
distributing; regulation and censorship of information distribution
in China which may adversely affect our business; political and
economic policies of the PRC government; the risk of the loss of
the agreements, or the exclusivity terms, with the Education
Management Information Center; the high cost of Internet access
that may limit the growth of the Internet in China and impede our
growth; advertising and e-commerce customers that have only limited
experience using the Internet for advertising or commerce purposes;
the acceptance of the Internet as a commerce platform in China
which depends on the resolution of problems relating to fulfillment
and electronic payment; concerns about security of e-commerce
transactions and confidentiality of information on the Internet
that may increase our costs, reduce the use of our Internet portal
and impede our growth; our network operations that may be
vulnerable to hacking, viruses and other disruptions, which may
make our products and services less attractive and reliable;
changes in interest rates, foreign currency fluctuations and
capital market conditions; and other factors including those
detailed under the heading "Business Risk Factors" and elsewhere in
the Company's annual report on Form 10-KSB for the year ended
December 31, 2003 and quarterly report on Form 10-Q for the quarter
ended June 30, 2004, as filed with the Securities and Exchange
Commission. We disclaim any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future events or otherwise. INTAC undertakes no obligation to
update any forward-looking statements made in this media release.
Contact: J. David Darnell, Senior Vice President and Chief
Financial Officer, 469-916-9891, for further information.
DATASOURCE: INTAC International, Inc. CONTACT: J. David Darnell,
Senior Vice President and Chief Financial Officer of INTAC
International, Inc., +1-469-916-9891 Web site: http://www.sec.gov/
Web site: http://www.intac.cn/ http://www.joyba.com/
http://www.phrbank.com/
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