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


To: Mac who wrote (21999)12/16/1999 8:26:00 PM
From: Stock Watcher  Respond to of 52051
 
Mac; FRLK (formerly YNOT) - Chinese software play:

NASD Approves Symbol Change From YNOT to FRLK for Beijing-Based Forlink Software Corporation Inc., Berlin Stock Exchange Listing Requested
BEIJING & GENEVA--(BUSINESS WIRE)--Dec. 15, 1999--(OTC BB: FRLK) (OTC BB: YNOT)

Beijing internet innovator Forlink Software Corporation Inc. (OTCBB: FRLK - news; formerly Light Energy Management Inc.) informs its esteemed shareholders that NASD has approved the new symbol FRLK to replace YNOT, effective today. Forlink has also submitted a listing request to the Berlin Stock Exchange (Forlink is already listed on the Frankfurt Stock Exchange under German WKN number 923 317). News announcements prior to the symbol-change are available on softhouse.com.cn. The Company's progress can be checked on financial web-sites such as cn.finance.yahoo.com (Yahoo's popular web-site in Chinese) or cdinf2.comdirect.de:9004/index.html (US and German prices/news in German), as well as on the Company's Chinese software portal softhouse.com.cn. Questions in all languages can be posted informally on clubs.yahoo.com .The Company wishes to hear from other web-sites where the Company's news is available.

Forlink Software Corporation is based in Beijing. The company is controlled and managed by local Chinese hi-tech entrepreneurs. Forlink is certified by the Office of Beijing City New Technology Development Experiment Zone as a New Technology Enterprise and enjoys special fiscal and administrative benefits. The Company is active in the development of internet software and tools, e-commerce packages, nationwide software distribution (down-load or physical delivery), net information services. Its software sales site www.softhouse.com.cn - an essential click for all new Chinese computer or internet users - is a popular high-traffic/repeat-visit/long-dwell destination portal and auction site for Chinese computer users - both professionals and amateurs - and a major source of Chinese and non-Chinese programs. The site provides software auctions, software industry news, software introduction, software commentary and forum. The site sells over 7,000 software titles through online ordering and auction. Through the partnerships established with over 500 software makers, the company is able to provide almost all software titles that are sold in retail stores in China. Over 10,000 freeware products are available on the site for free down-loading. The number of freeware products available increases by about 100 titles per day. The company's own-developed software includes For-Mail, a scalable messaging system that runs on UNIX or LINUX platforms. The system can be marketed as a small, medium, large or carrier scale email server system that can handle more than one million users. Besides being an SMTP and POP server, For-Mail also has a Web-Mail subsystem that allows users to complete their email operations on their browser. The system has been running successfully on the high-visibility www.tonghua.com.cn portal to provide free email service. Another own-developed software package is For-Business, a complete E-commerce and On-line shopping system that runs on UNIX or LINUX platforms. The system has been running on the Legend/Toshiba sites. For-Monitor is a new software suite designed by Forlink for ISP dial-up user authentication, accounting, and traffic monitoring. The Company is starting to set up an export network to sell its own-developed software packages in the USA and Europe. Interesting information about China's fast-growing internet and software IT scene is available at the Chinese Software Association's site www.csia.org.cn .

NOTE ON FORWARD-LOOKING STATEMENTS: Statements herein contained that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1998, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.

More Quotes and News: Forlink Software Corporation Inc (OTC BB: FRLK - news)