CAOL: The Chinese AOL and Internet Lottery Message Board

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Non-Tech : CAOL: The Chinese AOL and Internet Lottery

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To: gizmo&jack who wrote ()	11/8/1999 3:54:00 PM
From: Mark McNew	of 720

11/08 14:29 CathayOnline Plans Convertible Preferred Stock Offering <CAOL.OB> CathayOnline Plans Convertible Preferred Stock Offering NEW YORK--(BUSINESS WIRE)--Nov. 8, 1999--CATHAYONLINE INC. (OTC BB:CAOL) plans convertible preferred stock offering. The continued expansion of CathayOnline's Internet services propels the Company further toward its goal of becoming a leading, fully diversified Internet company targeting Chinese-speaking markets. CATHAYONLINE INC. On Behalf of the Board of Directors Brian Ransom, Director More information can be obtained about CathayOnline by visiting cathayonline.com Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for 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. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company'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. --30--ALW/se* CONTACT: Howard Bronson & Associates

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