XNET: Xin Net Corp. Announces Subscriber Base Reaches 100,000...
VANCOUVER, British Columbia, Feb. 29 /PRNewswire/ -- Xinnet
(OTC Bulletin Board: XNET) is pleased to announce that its client base has
reached a milestone of 100,000 subscribers. Started as a pure Internet
Service Provider in the spring of 1997, Xinnet has enjoyed steady increases of
its subscribers over the past 3 years. Xinnet also expects the popularity of
its ChinaDNS Domain Name Registration service to continue since its
introduction in mid-1999. The following table summarizes Xinnet's historical
growth:
December 1997 4,000
December 1998 16,500
December 1999 68,000
February 2000 100,000
As a result of its aggressive marketing efforts together with previously
announced co-branding agreements, the company expects continued strong growth
in its subscriber base for the balance of 2000.
Furthermore, Xinnet is also pleased to announce that it has converted its
existing e-Commerce platforms to the Linux operating system. Management
recognizes that Linux is the system of choice for e-Commerce and has invested
substantial time and effort in the conversion. The decision aims at achieving
two goals: (1) to have a Linux as well as an NT platform, and (2) to develop
in-house Linux expertise. Xinnet is now confident that it has all the
necessary software and Linux team to operate the company's e-Business.
Xinnet provides Internet access and content (www.xinnet.com.cn), online
domain name registration, website hosting, design & management
(www.ChinaDNS.com) and online auction (www.xinbid.com). It currently operates
in Beijing, Guangzhou, Shanghai and Shenyang and has ISP licenses for six (6)
other Chinese cities. Its subscriber base has reached 100,000 including
domain name registrants.
Any forward-looking statement in this press release is made pursuant to
the "safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements involve risks and uncertainties
including, but not limited to, economical and political factors, developments
of the Chinese Internet market and changes in regulatory matters. The Company
disclaims any obligation to update any such factors or to publicly announce
results of any revision to the forward-looking statements contained herein to
reflect future events or developments.
ON BEHALF OF THE BOARD OF DIRECTORS
(Signed)
Marc Hung, President
For further information: Marc Hung, President or Ernest Cheung, Director
Telephone: (604) 632-XNET [9638] Facsimile (604) 689-7654
E-mail investors@xinnet.net Home Page: www.xinnet.net
To request a free copy of this organization's annual report, please go to
www.newswire.ca and click on reports@cnw
SOURCE Xin Net Corp.
-0- 02/29/2000
/CONTACT: Marc Hung, President or Ernest Cheung, Director, both of Xin
Net Corp., 604-632-XNET, or 604-632-9638, or fax, 604-689-7654, or
investors@xinnet.net/
/Web site: www.xinnet.net/
(XNET)
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