chinadotcom corporation Meets New Challenges of Rapid Growth at Subsidiary 24/7 Media Asia by Appointing Managing Director, Regional Operations and Business Development
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HONG KONG, May 24 /PRNewswire/ -- chinadotcom corporation (NASDAQ:CHINA)
today announces the promotion of Stuart Spiteri to Managing Director, Regional
Operations and Business Development of its wholly-owned subsidiary 24/7 Media
Asia. The move demonstrates 24/7 Media Asia's focus on capturing new
opportunities offered by the rapidly developing regional online advertising
market.
Mr. Spiteri previously served as Business Development Director of 24/7
Media Asia where he played a significant role in growing the 'Sell' dimension
of chinadotcom's unique integrated Internet business model through geographic
expansion and product rollout. Amongst other business initiatives, Mr.
Spiteri was instrumental in the successful negotiation of the joint
venture with Spotcast Communications, the global leader in mobile commerce
(m-commerce), a move that propelled 24/7 Media Asia into the m-commerce space.
Prior to joining 24/7 Media Asia, Mr. Spiteri served as Director for the
Economist Group responsible for Asia/Pacific Conferences where he successfully
led the conference business throughout the region. In this capacity Mr.
Spiteri applied his solid understanding of the diverse business operating
environment throughout Asia to work with governments and multinational
companies in promoting investment and commerce. He has also held senior
positions at the China licensee company of Hallmark Cards, where he led the
dramatic growth in retail outlets and sales volume.
In his new position, Mr. Spiteri will provide regional support to
24/7 Media Asia sales teams throughout the Asian Pacific region in achieving
revenue targets. At the same time, he will spearhead the marketing and
business development functions of the company.
Mr. Peter Yip, Chief Executive Officer of chinadotcom corporation and
Chairman of 24/7 Media Asia stated, "Mr. Spiteri's appointment will further
strengthen our senior management team. As demonstrated by our strong first
quarter results, the 'Sell' part of the business contributed US$9.3 million in
revenue, representing a 105 percent increase from the previous quarter. We
will leverage Mr. Spiteri's extensive management experience and his track
record of success in Asia to ensure that 24/7 Media Asia continues on its
already excellent growth trajectory."
Mr. David Moore, President and Chief Executive Officer of 24/7 Media Inc.,
added, "I am excited by the success of our partnership with chinadotcom in
Asia. The future for the online advertising market looks rosy as we will
increasingly see traditional media customers willing to spend more on the
Internet. I believe that Mr. Spiteri's appointment will help us capitalize on
the exciting opportunities ahead in Asia."
As the leader of the online marketing industry in Asia, 24/7 Media Asia
will continue to aggressively roll out innovative services for its customers.
The company is committed to providing an innovative suite of online
marketing solutions, including loyalty programs developed through AwardTrack
(a 24/7 Media Inc. company), and wireless services through a joint venture
with Spotcast Communications as well as other online direct marketing
initiatives.
About 24/7 Media Asia:
24/7 Media Asia, a chinadotcom corporation company, delivers unparalleled
Internet advertising and online direct marketing solutions for advertisers and
Web publishers across the Asia region. Its highly targeted ad-serving network
includes Greater China, the ASEAN nations, Australia, South Korea and Japan,
and currently employs over 200 media professionals operating across 10 offices
in 9 countries.
The 24/7 Media Asia network of over 500 major website affiliates attracts
a broad set of Asian advertisers and international companies interested in
advertising in Asia. Over 500 leading global and regional advertisers and
agencies have signed up with 24/7 Media Asia, including Sony Corporation,
Mitsubishi Motor Corporation, Compaq, Microsoft, KLM Royal Dutch Airways,
Ericsson, AT&T, Hewlett Packard, Samsung, and Daewoo. 24/7 Media Asia is a
wholly owned subsidiary of chinadotcom corporation (NASDAQ:CHINA) developed
in cooperation with 24/7 Media, Inc (NASDAQ:TFSM).
About 24/7 Media Inc.
In Canada, 24/7 Media Inc. (NASDAQ:TFSM) has exclusive advertising sales
partnerships with over a hundred popular, high volume Web sites. With offices
in Toronto and Montreal, 24/7 Media is Canada's leading Web advertising
network, providing clients with creative, effective Web advertising,
sponsorship and direct email opportunities. The company earns its leadership
position by providing convenient one-stop shopping, unbeatable customer
service and expert Web marketing advice.
Worldwide, 24/7 Media Inc. is one of the largest interactive media and
technology companies. Its online advertising and direct marketing networks
span the globe and reach nearly 60 percent of all online users in the United
States. 24/7 Mail, the world's largest permission-based, opt-in email
database consists of more than 20 million profiles that can be used to deliver
targeted online banner and email campaigns. For more information visit
www.247canada.com and www.247media.com
About chinadotcom corporation:
chinadotcom corporation (NASDAQ:CHINA) is a leading pan-Asian Internet
company offering web solutions, portal and online advertising services.
Through its three business units, chinadotcom is able to provide a full range
of Internet services around the Asia Pacific region that; 1) build e-business
strategies and solutions (Web Connection), 2) distribute content via its
portal network (china.com, cww.com, hongkong.com, and taiwan.com), and 3) sell
services through online advertising (24/7 Media Asia).
Fuelling the growth of each of these three business units is a synergistic
investment strategy that leverages on chinadotcom's existing operational and
cost infrastructure.
By partnering with companies that have proven and successful track records,
such as America Online, Softbank Investment Strategic, Trans Cosmos and Agence
France Presse. chinadotcom is well-positioned to create long term shareholder
value through its investments.
The company has over 1,600 employees in 24 offices across 10 Asian
markets, including Japan, Korea, Australia, Hong Kong, Taiwan,
Singapore and Malaysia. In Mainland China, the company has 12 offices and
over 500 employees. For more information about chinadotcom corporation, please
visit corp.china.com.
SOURCE chinadotcom corporation
-0- 05/24/2000
/CONTACT: Ms. Susan Chan, Public Relations Director of chinadotcom
corporation, 852-2961 2694, fax, 852-2571-0410, or susan.chan@hk.china.com;
or Ms. Helen Lee, Associate Director, Regional Marketing of 24/7 Media Asia,
852-2237-7103, fax, 862-2578-3047, helen.lee@247asia.com/
/Web site: 247media.com
corp.china.com
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