To: jmhollen who wrote (4702 ) 9/12/1999 1:28:00 PM From: Evan Read Replies (1) | Respond to of 7209
A good partner for LGOV John : Xin Net Corp. Announces Marketing Agreement with the Bank of China VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 9, 1999--The Board of directors of Xin Net Corp. (OTC BB: XNET) wishes to announce the following: 1. The Company's operating arm in China, Xin Hai, has reached an agreement with the Bank of China, by which the Bank agrees to carry Xin Hai's Instant Card in Beijing, a prepaid Internet access card that can be purchased at branches of the Bank of China in Beijing as well as at other Xin Hai distribution centres. 2. Xin Hai will receive on September 15, 1999 the first shipment of the Alcatel equipment it recently purchased. The purchase of up to 18,000 digital ports will enable Xin Hai to remove a technical bottleneck and facilitate its expansion plan. Subscriber base has now grown to a milestone number of 30,000. 3. Chinadns, the Company's new domain name registration business, the first to offer true on-line domain name registration in China, is meeting with much success. In less than two months, it has registered more than 3,000 names, averaging 60 new names per day. Xin Hai recently penned an agreement with Melbourne Information Technologies Australia Ltd., an accredited Registrar of Internet Corporation for Assigned Names and Numbers (ICANN). The agreement enables Chinadns to offer competitive rates and attractive conditions to its corporate and individual customers. 4. Xin Hai has been recognized by Microsoft as a Certified Microsoft Solutions Provider. This certification, together with the "Strategic Partner" status from IBM, coupled with the excellent technical support availability from Alcatel puts Xin Hai in a very enviable position which will allow the Company to carry out smoothly its previously announced expansion plan. Xin Hai is an Internet Service Provider (ISP), an Internet Content Provider (ICP), a Domain Name Registrar and a soon-to-be full-fledged E-Commerce Facilitator that operates in Beijing, Shanghai and Shenyang. It also holds licenses to operate in seven (7) other major cities in China. ------------------------------------------------------------------------ Contact: Xin Net Corp. Marc Hung/Ernest Cheung, 604/632-XNET (9638) Facsimile, 604/689-7654 Home Page -- www.xinnet.net Operating Web Sites -- www.chnmail.com www.xinnet.com.cn www.chinadns.com