Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Manners who wrote (69353)	11/2/2000 10:22:15 AM
From: dkgross	Read Replies (1) \| Respond to of 150070

ECNC hit $2...

To: Mr.Manners who wrote (69353)	11/2/2000 10:23:04 AM
From: Qone0	Respond to of 150070

FNTN news. Financial Intranet, Inc. Receives Business License to Operate Foreign Entity in China MOUNT KISCO, N.Y.--(BUSINESS WIRE)--Nov. 2, 2000--Financial Intranet, Inc. (OTCBB: FNTN - news) announced today it has received its business registration license to do business through its subsidiary E-trend Technology in the People's Republic of China. E-trend's Chief Executive Officer in China, Hellson Huo, stated ``The accomplishment of the proper registration is very significant for our Company and sets a solid milestone for our development in China. With this registration, we are now able to deploy our business officially as a fully licensed foreign owned company. With the ongoing business we have structured, I strongly believe this registration will quickly help us to expand our market along with establishing more relationships with other important new partners.'' Michael Sheppard, Chief Executive Officer and President of Financial Intranet, Inc., said, ``This completes the initial steps of our global plan with the advent of setting up an ongoing business in the PRC. This license gives us the wherewithal to expand our websites hotage.com and chinaetrend.com at a much accelerated pace. We have already increased the subscriber base by over ten percent since our acquisition in April, and with more than 30 channels of information, we are now ranked the second largest E-magazine in China. '' E-trend, FNTN's Chinese subsidiary, expects to generate revenues from the sale of content and advertising on its website and e-magazine, ASP services and business-to-business Internet and website consulting services. It has previously announced that it has entered into a significant contract with 21cn.com, and expects to have revenue generating from that contract and other impending contracts in the fourth quarter of 2000. SAFE HARBOR STATEMENT Certain statements made in this release may contain language describing the plans, goals, strategies, intentions, forecasts and expectations of Financial Intranet, Inc. that may be referred to as ``forward looking statements''. Several important factors could cause actual results to differ materially from those in such forward-looking statements, and as an emerging technology company. Financial Intranet could encounter unanticipated obstacles and delays in developing products, services, service offerings and markets. -------------------------------------------------------------------------------- Contact: Investor Relations Financial Intranet, Inc. Corey Rinker, 1/914-242-4848 investorrelations@fntn.com Email this story - Most-emailed articles - Most-viewed articles