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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (21891)	12/16/1999 9:56:00 AM
From: CrayUSA	Read Replies (1) \| Respond to of 52051

I agree 100%. Cray

To: Stock Watcher who wrote (21891)	12/16/1999 10:05:00 AM
From: Francois Goelo	Read Replies (1) \| Respond to of 52051

S.W, XNET: Agency Agreement Signed With Beijing Telecom and Others; The board of directors of Xin Net Corp. is pleased to announce the following developments: VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 16, 1999-- ChinaDNS.com has signed agreements with more than one hundred agents to sell its domain name registration services in China. Amongst these are several local telecom companies, including Beijing Telecom and Luo-Yang Telecom, which have moreover adopted and purchased the proprietary ChinaDNS platform. ChinaDNS has registered over 13,000 domain names, making it one of the largest online domain name registration services in the country. Xinnet.com.cn has been awarded a nationwide access number. It now owns the five digit 95777 number which has become the standard access number for all Xinnet subscribers regardless of the city they are in. The Ministry of Information Industry (MII) only grants a limited supply of such numbers which, besides the prestige they confer, constitute a strong selling point. Xinnet users also enjoy a substantial discount from the normal telephone usage charges. The Commercial and Industrial Bank of China has signed an agreement to collect payments from Xinnet customers through its network of more than 500 branches scattered across Beijing. This agreement constitutes yet another important step in Xinnet's continuous effort to improve customer service. Xinnet has also begun a series of special promotions to increase sales of its prepaid Internet access card, the Instant Card, and recognition of the Xinnet brand name. Xinnet provides Internet access and content (www.xinnet.com.cn), online domain name registration (www.ChinaDNS.com) and online auction (www.xinbid.com). It currently operates in Beijing, Guangzhou, Shanghai and Shenyang and has ISP licenses for six (6) other Chinese cities. Its subscriber base has presently exceeded the milestone number of 50,000 (including domain name registrants) and it has approximately 150,000 e-mail accounts. Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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. The Company 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. ON BEHALF OF THE BOARD OF DIRECTORS Marc Hung, President --30--brm/se* CONTACT: Xin Net Corp. Marc Hung/Ernest Cheung, 604/632-XNET (9638) Facsimile - (604) 689-7654 E-mail - investors@xinnet.net Home Page - www.xinnet.net