ANOTHER CHINESE STOCK: VHSN Network Inc. Signed a Letter of Intent with CHINA eMALL...
MISSISSAUGA, Ontario, Feb. 11 /PRNewswire/ -- VHS Network Inc.
(OTC Bulletin Board: VHSN) ("VHS") is pleased to announce that it has signed a
letter of intent with CHINA eMALL Corporation to purchase all of the issued
and outstanding shares of CHINA eMall in a share exchange arrangement.
China eMall Corp. is an eCommerce company that provides Internet marketing
and information services to facilitate trades between Chinese and Western
businesses, in a business to business environment. China eMall has formed
a partnership with the largest retail store chain in CHINA ("the Wal-Mart
of China"). This partnership provides the Company with direct access to
thousands of suppliers and manufacturers in CHINA. By integrating the most
advanced web technologies with the tremendous supply base available through
its Chinese sources, the company is confident of the North American response.
CHINA eMALL aims to establish an online international market center for
Chinese products through this medium.
"We welcome Dr. Gang Chai, President, and Dr. Charles He, Vice President,
of CHINA eMALL to our team at VHS and we look forward to bringing CHINA eMALL
to a new level of on-line Business Companies," stated Elwin Cathcart, CEO of
VHS Network. "I am very pleased and excited with this opportunity to join
VHS," said Dr. Chai. "CHINA eMALL has direct access to the Chinese Market for
merchandise, and VHS has extensive experience in marketing and reach in North
America. The combination of our two companies will definitely position CHINA
eMall on the leading edge of on-line export marketing."
"Working with Dr. Chai and Dr. He will be a pleasure," said Mr. Cathcart,
"as they have Chinese origins and western education and business experience.
The new company will have great advantages in bridging the Chinese and western
businesses."
This press release contains forward-looking information within the meaning
of section 27A of the Securities Act of 1933 and section 21E of the Securities
Exchange Act of 1934 and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future events
and/or financial results that are forward-looking in nature and subject to
risks and uncertainties.
SOURCE VHS Network Inc.
-0- 02/11/2000
/CONTACT: James Hall of M. Johnson and Associates, 410-234-0350, for VHS
Network, or Elwin D. Cathcart, CEO of VHS Network, 905-795-9139, or E-Mail,
Elwin@groupmark.com/
/Web site: vhsn.net /
(VHSN)
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