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To: interesting man who wrote (1498)	1/5/2000 10:24:00 AM
From: Francois Goelo	Respond to of 1567

Another HUGE DAY for XNET: Xin Net Corp.; Groome Capital Initiates Research Coverage of Xin Net With Speculative Buy Rating... VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 5, 2000--The board of directors of Xin Net Corp. is pleased to announce that Groome Capital, Canada's first full service Investment Dealer online, has initiated coverage of the Company. In a report issued yesterday, Groome Capital research analysts Chris Bonnet and Clarence Rebeiro wrote "Xin Net Corp....is poised to become a major player in the booming Chinese Internet Market" and "...we believe that XNET could become one of the premiere Internet success stories in China over the next few years." They recommended XNET as a "Speculative BUY." The research report appears in January 4th To-day's Capital Ideas section of www.groomecapital.com website. 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 reached 68,000 (including domain name registrants) and it has approximately 200,000 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 --30--bf/cgo* bpm/cgo CONTACT: Xin Net Corp. Marc Hung, 604/632-XNET (9638) Fax: 604/689-7654 investors@xinnet.net URL: www.xinnet.net