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

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To: gizmo&jack who wrote ()11/10/1999 10:08:00 AM
From: Mark McNew  Read Replies (1) of 720
 
11/10 09:33 CathayOnline Appoints New Chief Operating Officer and China
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CathayOnline Appoints New Chief Operating Officer and China Development Officer
NEW YORK--(BUSINESS WIRE)--Nov. 10, 1999--CATHAYONLINE INC. (OTCBB:CAOL) is pleased to announce the appointment of Anthony Carmo to Chief Operations Officer (COO), and the appointment of Peter Chin to China Development Officer.

Today CathayOnline announced the appointment of Anthony Carmo to the position of COO, CathayOnline Inc. Carmo brings more than 25 years of experience in the Administration and Accounting fields to CathayOnline. Carmo holds a Bachelors degree in Commerce, majoring in accounting, and he has held positions in a number of high profile companies in both Hong Kong and Canada.

Peter Chin brings extensive cross-global connections and strategic alliances in the entertainment and hi-tech industries to CathayOnline. Through his many years of entrepreneurial business development, Chin has gathered wide recognition among various industries and government officials in the United States and primarily South East Asia. Recently, Chin was appointed the US Representative for the Year 2000 Beijing Music Festival. This prestigious appointment brings Peter in close contact with some of the most important and influential high- ranking officials in the People's Republic of China.

CathayOnline is aggressively striving to become a leading fully-diversified Internet company targeting Chinese-speaking markets of the world, with primary focus in the People's Republic of China, Hong Kong, Taiwan, Singapore, Malaysia. Through key acquisitions, joint ventures, and prestigious international and domestic alliances, the Company has facilitated the delivery of unparalleled products and services in two high growth areas: (1) the Internet and (2) e-mail and advanced messaging services.

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--AMP/se* CONTACT: Howard Bronson & Associates
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