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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock? -- Ignore unavailable to you. Want to Upgrade?

To: nolimitz who wrote (1522)	1/2/2000 7:29:00 PM
From: esxtarus	Read Replies (1) \| Respond to of 1593

check this \| Home \| Register! \| Community \| My Bull \| Login \| Logout \| RT Quotes \| Xin Net (XNET) Message List Raging Portfolios - Track your stocks here New! Real Time Quote Chart Free E-Mail Raging XNET Links < Previous Respond Next > By: tarus Reply To: 8567 by rahh Sunday, 2 Jan 2000 at 5:26 PM EST Post # of 8573 check this too 1502.92 -59.92 Closed -3.83% ProfileJavaChartSEC FilingsResearchOptionsQuick/ChartQuote/News US ExchangesCanadaLondonMilan Ticker Symbol Company Name Stocks to Watch On the Move Small-Cap Screamers Company Announcements Buy/Sell/Hold Word on the Web Insider Trading IPO Today Seeing the Futures Breaking News Trader Talk Fund Manager Focus Analyst Insight Model Portfolio Editor's Choice CEO Says... 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It seems Asia investing has struck a note?and the loudest from our readers has come over of a company called Xin Net Corp. (XNET). A number of readers have written to ask our thoughts about ? and bring our attention to ?the Vancouver-based company. Vancouver? Canada is where Xin Net?s China-native directors were educated, and from where they oversee China subsidiary, Xin Hai, an Internet service provider (ISP). No Propaganda Xin Hai, which began in April 1997, has more than 27,000 subscribers, making it the fifth largest ISP in Beijing and the third-largest in Shangyang. But, according to its president, Marc Hung, it is one of the only independent ISPs in China, as most others are associated with the government. ?Our independence enables us to be more nimble, more user friendly and customer-oriented,? says Hung. ?We don?t have to put up propaganda.? Hung is a native of China who earned his master?s degree in electrical engineering from University of Montreal and was an executive at Hydro-Quebec. He says Xin Hai is currently focusing on building its user base, attracting subscribers through services like a free ?flea-market? style page, where subscribers can post and buy second-hand articles for sale. Still, the company is profitable. Xin Net?s financial statement for the nine months through September 1998 shows revenue of $394,739 against $319,040 of expenses. The company?s year-end statement is expected to be released at the end of this week. China's First Online Registrar The company makes money mostly from dial-up Internet access and email services, and a bit from Web design and Web hosting. Advertising is a nascent industry in China and as such not a big contributor to Xin Hai?s revenue, but one area that?s growing is domain name registration. Xin Hai recently added this service, making its website, www.chinadns.com, the first in China to offer online site registration. Xin Hai was also recently granted Internet licenses in six new Chinese cities, bringing its total to 10 major cities with a combined population of about 80 million (and 75 employees, including 15 that have been especially recruited from the IT industry to reinforce the sales & marketing team). In May it opened an office in Shanghai, the largest city in China with a population of 14 million as well as the country's leading financial and business center. Shanghai is one of the top three Internet markets in China. The others are Beijing, where Xin Hai already has an office, and Guangzhou, where it is planning one. Among other developments the company has been awarded "Strategic Partner" status from IBM China. This status officially identifies Xin Hai as an OEM for IBM hardware and software including Netfinity servers,PC's, Intellistation Work Stations, ThinkPad, Aptiva Multimedia PC's and all related products. Xin Hai now has the right to use IBM in its advertising and promotional material, and receive special support and training from IBM. $4 Billion Market Xin Net is young and besides being in a volatile industry it?s in an emerging growth nation with sometimes volatile politics. But the Chinese government has stated its intent to encourage Internet service in China and ISPs, in particular. According to a recent report titled "The Internet in China," by BDA China and Stratygis, ?The ISP market in China is opening up and revenues are expected to exceed the U.S. equivalent of $4 billion by 2003. China, in fact, is the fastest growing Internet market in Asia and is set to become a global leader by 2004. The number of Chinese Internet users is expected to climb to 6.7 million during the next year from about 2.1 million users currently. In fact, the country's Internet base is expected to grow at a rate of 60% per year over the course of the next five years. While China's ISPs have been limited by controls over access to the fastest data streams, the ISP market is opening up and the country's Internet industry is expected to exceed $160 million this year.? Which means that Generation X (and Y) in China could be become more and more familiar with XNET. Companies Recently Featured in this Column: DCR Euro909.com audiohighway CDnow SDL Galileo UBET Verity TranSwitch International Fibercom Meteor Abacus NDE CareerBuilder Macrovision Email a Friend Printable Copy Investment Challenge Win a free trip to Caribbean Island or many other prizes. 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