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Technology Stocks : IMOT, the Yahoo of China??

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To: Grainne who wrote (382)3/13/1999 1:35:00 AM
From: LTK007  Read Replies (2) of 781
 
In terms of history to this "Chinese Yahoo" this all I could dig up so far --it dates back nearly one year.




Article 1 of 1
Egan Systems In Talks To Buy HK Business Data Provider
Martyn Williams, Newsbytes

04/27/98
Newsbytes News Network
(c) Copyright 1998 Post-Newsweek Business Information, Inc. All rights
reserved.



TOKYO, JAPAN, 1998 APR 27 (NB). Egan Systems Inc. says it has
agreed to enter into negotiations to acquire China Business Resources Co.
Ltd. (CBR), a Hong Kong based operator of a large business database on
China.

Representatives of the two companies recently met in Atlanta, Georgia,
and concluded a deal under which CBR will resell Egan's COBOL
computer language products in China. The second phase of the talks will be
negotiations in Hong Kong and Beijing in May for Egan Systems to acquire
this fast growing company, said Egan in a statement.

CBR, with offices in Hong Kong, Beijing and Shenzhen, is developing what
it believes will be the "Chinese Yahoo" web directory and search engine,
said Egan.

Reported By Newsbytes News Network: newsbytes.com

20:54 CST



Press contact: Tedrow Communications for Egan, 1-800-777-8098 /WIRES
ASIA, BUSINESS, ONLINE/
Contact: Press contact: Tedrow Communications for Egan, 1-800-777-8098
/WIRES ASIA, BUSINESS, ONLINE/
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