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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (5380)	7/7/1999 11:44:00 PM
From: pat pasquale	Read Replies (1) \| Respond to of 8218

? to board; IBM and China? i'm an investor in XNET and if you read paragraph 4 in today's article i'd like to know if at any prior time has IBM talked about this involvement with XNet which is a leading ISP player in China... also has "Strategic Partner" meant anything to other companies who have been given this title by IBM? thanks for any answers and good luck to all pp Xin Net Corp. Issues Update VANCOUVER, British Columbia, July 7 /PRNewswire/ -- XIN NET CORP. OTC Bulletin Board Symbol: "XNET" Further to the announcement of May 20, 1999 Xin Net Corp. wishes to announce the following: 1. The Company's operating arm in China, Xin Hai, has been granted Internet licenses in six new Chinese cities. They are Guangzhou (formerly Canton), Dalian, Nanjing, Wuhan, Chengdu and Xian. Together with Beijing, Shanghai, Shenyang and Taiyuan, Xin Hai now has licenses for ten major cities with a combined population of about 80 million. Geographically, Xin Hai has enough cities to form a major national ISP company. 2. After a month of pre-opening sales and marketing, Shanghai office is fully operational as of July 1, 1999. Following Shanghai and Taiyuan, management plans to open Guangzhou, the key city in Southern China. The number of employees has grown to 75, including 15 that have been especially recruited from the IT industry to reinforce the sales & marketing team. 3. The Company is pleased to report that it is now offering domain name registration services. It has recently incorporated the website www.chinadns.com , the first in China to offer online site registration. Xin Hai also provides web hosting and web page design services. 4. Xin Hai has been awarded "Strategic Partner" status from IBM China. This status officially identifies Xin Hai as an OEM for IBM hardware and software including Netfinity servers, PC's, Intellistation Work Stations, ThinkPad, Aptiva Multimedia PC's and all related products. Xin Hai now has the right to use IBM in its advertising and promotional material, and receive special support and training from IBM. This is recognition from IBM of Xin Hai position in the China Internet market. Xin Hai is an Internet Service Provider (ISP) and Internet Content Provider (ICP) that has more than 25,000 subscribers. Xin Hai is currently offering a free "flea market" E-Commerce product to its subscribers. An expanded fee and commission based service will be made available shortly. Forward-looking statements involve risks and uncertainties including, but not limited to, economical and political factors, developments of the Chinese Internet market, and changes in regulatory matters. Xin Net disclaims any obligation to update any such factors or to publicly announce results of any revision to the forward-looking statements contained herein to reflect future events or developments.