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Technology Stocks : OTC:BB ASMC Asia Media "My Web" internet service

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To: beta_dog who wrote (120)	4/22/1999 10:51:00 AM
From: beta_dog	Read Replies (1) of 147

China Telecom and ASMC announce. . . NEW YORK--(BUSINESS WIRE)--April 22, 1999--New York-based Asia Media Communications' (OTC BB:ASMC) MyWeb business unit announced today its second strategic alliance in a week with a major operating unit of China Telecom. ChinaNet, the Internet Service Provider arm of the huge Chinese telecommunications company, has finalized an agreement with MyWeb under which ChinaNet will deploy and market the MyWeb On-Line Service (MOS) Web portal. The agreement, believed to be the first co-marketing pact by ChinaNet with any company, will make MyWeb's Web portal available to ChinaNet's estimated 600,000 registered subscribers and 2.1 million users. When combined with the current user base of MyWeb's online service, MyWeb now has the potential to receive as many as 2.5 - 3.5 million unique visitors per month. According to T.S. Wong, Asia Media's president and CEO, ''ChinaNet is the Internet backbone provider and bill collector for every ISP in China. Therefore, every Internet user in China is theoretically a ChinaNet subscriber.'' Under the terms of the first-ever co-marketing agreement for ChinaNet, both ChinaNet and MyWeb will jointly promote MOS, with ChinaNet placing a large MyWeb banner ad on its front page. Joint co-marketing activities will commence in May. Interesting, very interesting. -Beta

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