To: Mariah Smyth who wrote (52493 ) 12/28/1999 4:10:00 PM From: amadeus Respond to of 108040
yes, XNET strong close.. chinese ISP & domain registrar, recent news> Thursday December 23, 9:01 am Eastern Time Company Press Release SOURCE: Xin Net Corporation Xin Net Accredited by ICANN as New Domain Name Registrar VANCOUVER, British Columbia, Dec. 23 /PRNewswire/ -- Xin Net Corp. (OTC Bulletin Board: XNET - news) is pleased to announce it has been accredited by ICANN (Internet Corporation for Assigned Names and Numbers) to provide domain name registration services. This ICANN accreditation (http://www.icann.org/announcements/icann-pr21dec.htm) enables ChinaDNS to compete under the most favorable terms in the market for domain name registration services by participating in the Shared Registry System (SRS), which allows multiple ICANN-accredited registrars to register domain name in the .com, .net and .org domains. This accreditation will help the Company to grow significantly both its subscriber base and ChinaDNS. So far over 13,000 domain names have been registered. Xin Net has recently signed more than one hundred agents to sell its services in China, including well-known local telecom companies Beijing Telecom and Luo-Yang Telecom. Xin Net 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 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 (Signed) Marc Hung, President For further information, contact: Marc Hung, President or Ernest Cheung, Director Telephone: 604-632-XNET (9638) Facsimile: 604-689-7654 Home Page: www.xinnet.net E-mail: investors@xinnet.net SOURCE: Xin Net Corporation --------------------------------------------------------------------------------