7 CLEAR REASONS CHML IS SOARING. READ:
1) UNPARALLED BUSINESS LICENSE:
CHINAMALLUSA.COM GRANTED LICENSE TO ACCESS WORLD'S LARGEST CONSUMER MARKET -- COMPANY IS THE ONLY FOREIGN FIRM WITH RETAIL LICENSE VALID THROUGHOUT CHINA --
NEW YORK, Jun 11, 1999 /PRNewswire via COMTEX/ -- ChinaMallUSA.com Inc. (OTC Bulletin Board: CHML), an e-commerce company facilitating trade between the United States and China, announced today that it received a license from the Chinese government to market goods and services directly to the Chinese populace through its proprietary ChinaMallUSA.com e-commerce website. The company said that it believes it is the only foreign firm to receive such a comprehensive license allowing it to sell retail throughout the entirecountry.
To date, according to the company, only Wal-Mart, the U.S. department store giant, has been granted a license to establish a retail store in China, but that license is limited to operating in the Shenzhen Special EconomicZone.
"Gaining a license valid all across China is especially valuable to our e-commerce operation," said Max Chen, ChinaMallUSA.com's chief executive officer. "Currently, there are only 4 million households on the Internet in China, which has a total population of 1.2 billion. Without geographic restriction, we are free to explore the huge retail market in the country and capitalize on the business network and resources of our Chinese retail partners. Although there remain economic, political, and administrative hurdles ahead of us, we look forward to taking advantage of this unique opportunity."
2) GUARANTEED REVENUE AND UNPRECEDENTED ALLIANCE: CHINAMALLUSA.COM AND CHINA TOWNSHIP ENTERPRISE INVESTMENT DEVELOPMENT CORP. SIGN AGREEMENT WORTH $1.5 MILLION IN FIRST YEAR - 500 OF 15,000 Firms to Participate Initially, with Number Increasing 20% Per month -
NEW YORK, Jun 9, 1999 /PRNewswire via COMTEX/ -- ChinaMallUSA.com Inc. (OTC Bulletin Board: CHML), an e-commerce company facilitating trade between the United States and China, announced it has signed an agreement today with China Township Enterprise Investment Development Corp. (CTEIDC) specifying that CTEIDC's member firms will participate in the ChinaMallUSA.com onlinenetwork.
Under the agreement, signed today in New York by Jian Chen, president of CTEIDC, 500 member firms will join ChinaMallUSA.com's online services beginning in July 1999, and the number of participating firms will be increased by 20 percent each month. ChinaMallUSA.com will receive an initial membership fee of $500 per participant, and thus anticipates revenues from this agreement to reach more than $1.5 million within the next 12 months.
"This is a particulary important agreement for ChinaMallUSA.com," noted Max Chen, CEO. "China Township Enterprise Investment Development Corp. isa leading Chinese company and we are very excited about helping all of its 15,000 member firms increase business through e-commerce."
China Township Enterprise Investment Development Corp. headquartered in Beijing, is the only company licensed by the Chinese government to conduct investment and development business in township enterprises in China. The company currently has 15,000 member firms and, as the leading Chinese investment and development company, has a potential 30 million township company members throughtout China.
3) CHINAMALLUSA.COM IN STRATEGIC ALLIANCE WITH ONE OF CHINA'S MOST POPULAR INTERNET SITES (GOVERNMENT APPROVED)
NEW YORK, Jun 18, 1999 /PRNewswire via COMTEX/ -- ChinaMallUSA.com Inc. (OTC Bulletin Board: CHML), an e-commerce company facilitating trade between the United States and China, announced today that it has agreed with People's Daily Online Edition to form a strategic alliance in an effort to jointly promote development of e-commerce in China.
People's Daily Online, peopledaily.com.cn, was launched in January 1997 by the People's Daily, the largest circulation newspaper in China. The People's Daily Online Edition, which provides 24-hour news coverage in both Chinese and English, has become one of the most visited Internet sites in China, receiving approximately 800,000 visits per day.
"This joint effort with People's Daily Online will greatly enhance our company's ability to expand its membership network in China through the newspaper's advertising and broad exposure," said ChinaMallUSA.com Chief Executive Officer Max Chen. "And the joint effort can also boost the advertising revenues of People's Daily Online significantly as more companies begin marketing online through
4) AGREEMENT WITH CHINA'S ONLY PRIVATE-TYPE COMMERCIAL BANK.
CHINAMALLUSA.COM AND CHINA MINSHENG BANKING CORP. TO FORM STRATEGIC ALLIANCE
NEW YORK, Jun 15, 1999 /PRNewswire via COMTEX/ -- ChinaMallUSA.com Inc. (OTC Bulletin Board: CHML), announced today that it has agreed in principle with China Minsheng Banking Corporation to form a strategic alliance in an effort to jointly promote development of trade between the United States and China and to further the business development of both parties. Anagreement was signed last week in New York by Jian Chen, a Director of China Minsheng Banking Corp. ChinaMallUSA.com anticipates that the formal agreement to establish the strategic alliance will be signed, in China, by the end of thismonth.
Headquartered in Beijing, China Minsheng Banking Corporation was established in 1994 and has grown to be the seventh largest commercial bankin China in terms of total assets. The bank is 70-percent owned by privateinvestors.
"China Minsheng Banking Corporation is the only private-type commercial banking institution of China," said ChinaMallUSA.com president Max Chen. "With its focus on serving private commercial enterprises, the bank couldbe very instrumental in helping us expand our member network throughout China."
5) China, U.S. Sign Landmark WTO Deal
BEIJING (Nov. 15) - After 13 years of fitful talks and six days of grueling bargaining, Chinese and U.S. negotiators signed a breakthrough agreement today that would remove trade barriers and clears the biggest hurdle to China's entry into the World Trade Organization.
6) HUGE B2B (business to business), as well as business to consumer, potential
7) 52 WEEK HIGH OF 20 !
ABOUT CHML:
Established for the purpose of marketing Chinese and U.S. products through the Internet, ChinaMallUSA.com is one of few companies licensed by the Chinese government to conduct business on the web and the only foreign firm to holda license to conduct retail operations throughout the entire country. The company provides Internet marketing, selling, information, and web leasing, and has developed websites for e-commerce between the U.S. and China (chinamallusa.com, chinamall.net, and wholesaleglobal.com) allowing direct access to products and services by companies and consumers in both countries. the People's Daily website." |
