New Management Structure Set to Reinforce Leadership
Position in Asia Pacific -
HONG KONG, June 14 /PRNewswire/ -- chinadotcom corporation (NASDAQ:CHINA)
(Website: corp.china.com), the leading pan-Asian Internet company,
today announced that Patrick Jonathan Wong, Managing Director for 24/7 Media
Asia has left the company to pursue other career interests.
Recognizing the company's growing Asia-Pacific presence and to build on
the company's position as Asia's leading online advertising and marketing
network, the management of the company will now be built around three regional
Managing Directors: Allan Hyde, Managing Director for South East Asia,
Australia and New Zealand, Stuart Spiteri, Managing Director of Regional
Operations & Business Development and Sandy Kwong, Managing Director for
Greater China.
Commented Peter Hamilton, Chief Operating Officer and Chief Financial
Officer of chinadotcom, "We wish Patrick well as he moves on to new career
challenges and we thank him for the valuable contribution he has made to the
business. 24/7 Media Asia has a strong management team across the region,
which has enabled it to establish its dominant market position. The
combination of Allan, Stuart and Sandy constitute unrivalled management
expertise and experience and we look forward to continued impressive growth
from the "Sell" component of our business model."
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 markets,
including USA, 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.
Note: * The "4U" series is chinadotcom's premier community and e-commerce
platform developed in-house to create stickiness for its site. Selected
services include Shop4U (retail services), Free4U (free email accounts).
Home4U (personal web site hosting), Post4U (newsgroup), Club4U (e-commerce),
WAP4U (WAP content and application), Chat4U (chatrooms) and Points4U
(loyalty program).
Safe Harbor Statement
The statements in this news release, other than the historical financial
information, may contain forward-looking statements that involve risks and
uncertainties that could cause actual results to differ from anticipated
results. Further information on risk factors that could affect chinadotcom
corporation's result of operation is detailed in chinadotcom corporation's
registration statements, as filed with the Securities and Exchange Commission.
SOURCE chinadotcom corporation
-0- 06/14/2000
/CONTACT: Susan Chan of chinadotcom corporation, 852-2961-2694, or
Fax: 852-2571-0410, or Email: susan.chan@hk.china.com; or Megan Ross of
Burson-Marsteller, 852-2963-6753, or Fax: 852-2856-1101, or Email:
megan_ross@bm.com/
/Web site: corp.china.com
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