PRONETLINK.COM FORMS STRATEGIC ALLIANCE WITH CHINESE INTERNET COMPANY
-For release Feb 29, 2000
Alliance With MeetChina.com Will Open Chinese Market to the ProNetLink.com Global Trade Internetwork and Enable B2B E-Commerce
FOR IMMEDIATE RELEASE
NEW YORK, February 29, 2000 ? ProNetLink.com (OTC Bulletin Board: PNLK.OB), the Global Trade Internetwork, today announced that they have entered into a strategic alliance with China's largest e-commerce service provider, MeetChina.com. The goal of the alliance is to allow Chinese businesses to participate in ProNetLink.com?s Global Trade Internetwork and for ProNetLink.com to provide customized content and trade resources to MeetChina.com.
ProNetLink.com offers a frictionless e-commerce solution for global trade. ProNetLink's web site (www.ProNetLink.com), called The Global Trade Internetwork (tm), is an online, interactive community where businesses can work within the site to arrange all areas of global trade including procurement, logistics, finance, insurance, product certification and much more. Seasoned professionals or newcomers to the world trade market can use ProNetLink.com to identify business opportunities that will help increase revenues, as well as take advantage of tools and resources that will enhance operating efficiencies. ProNetLink.com offers a horizontal trade services solution for e-based businesses like MeetChina.com and has similar relationships in markets around the world. Most recently ProNetLink.com opened its trade portal in Egypt.
By working together with MeetChina.com, ProNetLink.com will be able to integrate Chinese businesses into the Global Trade Internetwork, providing those businesses with a comprehensive service for sourcing products from China. MeetChina.com will use ProNetLink.com services to expand the functionality of its business-to-business e-commerce portal. Together the two sites will create revenue-generating opportunities for both firms.
"As a result of the alliance with ProNetLink.com, Chinese merchants will be able to trade directly with businesses that are part of its Global Trade Internetwork," said Joseph Tong, CEO, MeetChina.com. "Our relationship with ProNetLink.com will allow MeetChina.com to add valuable trade content that is powered by ProNetLink.com to our site. On the other hand MeetChina.com will market the services of ProNetLink.com to the Chinese marketplace. I see this as a win-win situation for both the Chinese SME business community and the alliance between MeetChina.com and ProNetLink.com."
The MeetChina.com portal is a co-production of MeetChina.com and the Electronic Information Center of China's Ministry of Information Industry (MII). MeetChina.com's alliances on the mainland include the State Administration of Textiles, the State Administration of Chemical Industry, the State Administration of Light Industry, and the State Administration of Radio, Broadcasting, and Television.
ProNetLink.com has integrated online alliances with UPS, Aon Insurance, AT&T, Dun & Bradstreet, Dow Jones News Service, Reuters, SWBC International, Actrade Capital and many other important international trade services.
?ProNetLink.com sees the Chinese market as an important part of the global economy. Its Internet community is growing very quickly and MeetChina.com is located directly in the center of that development. Together we offer a very powerful trade solution for the Chinese market and we are certainly enthusiastic about the potential revenues that this alliance can produce?, said Glenn Zagoren, Chairman of ProNetLink.com
MeetChina.com has grown into one of China's largest e-commerce firms, with 9 offices throughout China, more than 250 in staff, and thousands of manufacturers on line.
The new alliance provides for clients of MeetChina.com to have the opportunity to be co-branded through satellite storefronts on the ProNetLink.com site. This arrangement will generate a revenue stream that will be split between the two companies. In addition, MeetChina.com will actively market the services and advertising opportunities of ProNetLink.com.
About MeetChina.com
The MeetChina.com business-to-business e-commerce portal, co-produced by MeetChina.com and the Electronic Information Center of China's Ministry of Information Industry, is China's largest trade site. MeetChina.com has built alliances with many of China?s key industry bodies, as well as internationally respected trade firms such as SGS for quality assurance, in order to provide a comprehensive platform for sourcing products from China. MeetChina.com?s investors include Citicorp Capital, Softbank Ventures, and Motorola Ventures.
About ProNetLink.com
ProNetLink.com, The Global Trade Internetwork, is a comprehensive business-to-business E-commerce portal designed specifically for the international trade community. In addition to locating potential markets and trade partners, ProNetLink.com members may conduct business functions online, participate in live trade event netcasts, communicate in real-time with trading partners and receive the critical information and resources necessary for the continued growth of their businesses.
ProNetLink.com also features PNL-TV, the Internet?s first trade new broadcast network. In addition to Department of Commerce programming, PNL-TV broadcasts a live newscast Monday through Friday at 11:00 a.m. EST featuring current global trade issues, interviews with government and international business leaders and reports from correspondents from around the world. PNL-TV can be accessed through the ProNetLink.com home page or by visiting www.PNLTV.com.
Headquartered in New York City, ProNetLink.com maintains sales offices throughout the world. For more information, please contact ProNetLink.com at (212) 688-8838, email: info@pronetlink.com. ProNetLink can be reached online at pronetlink.com.
ProNetLink.com is publicly traded on the NASDAQ exchange OTC Bulletin Board: PNLK (PNLK.OB).
MeetChina.com Contact:
Joshua Cherin
MeetChina.com, Room 1211, B Suite, COFCO Plaza No. 8, Jianguuomen Nei Dajie, 100005, P.R. China
josh@meetchina.com
ProNetLink.com Contact
Glenn Zagoren
ProNetLink.com, 645 Fifth Avenue, Suite 303, New York, NY 10022
gz@pronetlink.com
The ProNetLink.com logo and Global Trade Internetwork are trademarks of ProNetLink, Corp.
This release contains, in addition to historical information, forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect ProNetLink.com?s current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to risks and uncertainties, which could case the Company?s results to differ materially. |
