Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: johnsto1 who wrote (55886)	1/3/2000 9:47:00 PM
From: Frederick Langford	Read Replies (1) of 108040

NWLL moved from 8 7/32 to a high of 29 AH on this news, with an after hours close @16 3/4. Keep an eye on this one. Check out the news re: 18 web sites/Chinese/English portal.. New Tel Presses Ahead with China Internet Service /FROM PR NEWSWIRE NEW YORK 800-776-8090/ TO BUSINESS EDITOR: New Tel Presses Ahead with China Internet Service HERDSMAN, Western Australia, Jan. 3 /PRNewswire/ -- The Chairman of New Tel Ltd. (Nasdaq: NWLL), Harry Sorensen, told shareholders at the Company's Annual General Meeting that New Tel will work with a number of Chinese government owned enterprises to set up an internet service in that country. Mr. Sorensen described China as the world's fastest growing internet market. "Through agreements signed with Xinhua Holdings Ltd., New Tel will establish a Chinese internet service provider and a Chinese/English language portal," Mr. Sorensen added. "These agreements involve New Tel and Xinhua working in partnership with a number of government owned enterprises in China. "This is an exciting opportunity for your Company. Through our association with key Chinese government businesses, we will be uniquely positioned to access a market that is forecast to be worth over US$12 billion by 2002." The initial portal content will be provided by a base of 18 Chinese government ministry websites, with New Tel owning between 35 and 50 percent of each site..... Fred

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