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


To: FFNEODOC who wrote (1351)5/23/1999 9:38:00 AM
From: esxtarus  Read Replies (1) | Respond to of 1593
 
Subj: C H I N A I N T E R N E T U P D A T E N O 39
Date: 5/22/99 8:11:21 PM Pacific Daylight Time
From: eastnet@public.bta.net.cn
To: china-internet-update@east.net

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C H I N A I N T E R N E T U P D A T E 1999-05-17
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Great Wall Attacks Computer Bugs:
With the approach of the next millenium, computer bugs have aroused great
concerns throughout the world. In addition to technical support provided for
their clients, the Great Wall Group has specially established a web-site at
ggw.com.cn to attack the computer bug problem we will be
faced with at the turn of the century. The web-site provides a computer
testing service as well as networking solution patterns, free of charge for
users, for bug checking.

Source: China Infoworld May 3, 1999

Leading Guangzhou Web-Site:
According to a report from the Guangzhou Feihua Network, visitors to the
site of the Guangzhou Feihua Telecom Network has exceeded 1 million since it
was established in 1995. Of the total number, 163 surfer networks had 815
thousand visitors, the SuperCool personal web-site had 700 thousand and
online paging ( pcicq.com ), 77 thousand. Moreover, the number of
visitors at the online statistical system was 26 thousand. Recently, the
corporation launched a free web-page program at greenet.com.cn .

Source: Network News May 3,1999

Olympic Computer Network Knowledge Competition:
The "99 National Olympic Computer Network Knowledge Competition" will be
held in July in Beijing. The participants will be chosen by the local
education administrations. Also, a home-page design championship has begun
and home-page designers, under the age of 25, can send their work to
competition organizers by June 15, 1999. The final test will be held on July
18, 1999 in Beijing. For detailed information, please refer to the web-site
at noi99.org .

Source: Beijing Evening News May 4,1999

China Youth Network:
The "China Youth Computer Network" was established recently in Beijing. The
network aims to provide information services for the China Youth League and
students. At its initial phase, the web page includes articles about (1)
China youth club, (2) multimedia world, (3) cartoons and (4) natural world
exploration etc. Young students can access the web-site at
cycnet.com.cn .

Source: Beijing Evening News May 3, 1999

99 Beijing Science and Technology Week:
The "99 Beijing Science and Technology Week" will be inaugurated on May 14th
at the Beijing Science and Technology Hall. The aim of this activity is to
(1) popularize knowledge about science and technology, (2) invite opinions
on Beijing's environmental protection and (3) trigger a massive campaign on
Beijing's environmental protection program. Information concerning these
activities will be released on the web-sites of beijing.gov.cn ,
bsti.ac.cn and bast.cn.net .

Source: Beijing Evening News May 6, 1999
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To: FFNEODOC who wrote (1351)5/26/1999 1:59:00 PM
From: Francois Goelo  Respond to of 1593
 
BULLISH NEWS FOR ALL INTERNET COMPANIES OPERATING IN CHINA....

This Company plans to unify all the smaller ISP operators in China and the idea is so appealing to investors, that it's up some 180% today and should give a "kick in the pants" of GTCI, XNET, CAOL, etc...

China Internet Companies Coming To America: OMDO In Merger Talks

NEW YORK--(BUSINESS WIRE)--May 26, 1999--While U.S. Internet companies slip into a temporary correction, China Internet assets are getting discovered. Omni Doors Inc. (OTC BB: OMDO - news) today confirmed a rumor that the company is in merger talks with several China Internet companies discussing plans to launch www.WebOfChina.com. Responding to inquiries about the increased trading activities in its stock, the company stressed there is no assurance that any deal can be reached.

One of the Internet companies in the talks is a leader in the fast-growing e-business in Beijing, with ambitious goals to become the YAHOO (YHOO), the Excite (XCIT), or the Amazon (AMZN) of China.

With one-fourth of the world's population, China is known as the largest consumer market on earth. There are also millions of overseas Chinese all over the world. The e-commerce potential for all those Chinese web users is enormous. There are many small Internet companies in China. But due to the lack of venture capital, there is no dominant web brand in the battle field. This represents a vacuum of new Internet opportunities.

Ms. Sophia Yao, CEO of Omni Doors Inc., pointed out: '' American capitalists are focused on domestic Internet giants. They seem to be neglecting the mushrooming e-commerce in China. There is a big valuation gap between China and U.S. Internet assets.'' When she reported the valuation gap to China Premier Zhu Rong-Ji during his visit to New York last month, Ms. Yao said: ''To develop Internet assets and web talents in China, we need government support. Our strategic plan is to consolidate a number of leading Chinese websites into a global web brand. We are currently seeking U.S. Internet entrepreneurs and venture capitalists to form a China Internet consortium.''

Omni Doors Inc. is also studying the web integration strategies of American companies such as Lycos (LCOS), CDNow (CDNW), and Microsoft (MSFT). If those strategies can be successfully applied to China, the growth could be substantial. But the company warned that investors should only put what they can afford to lose into the risky and brand-new territory of China Internet plays.

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Contact:

Omni Doors Inc., New York
Investor Relations
Brian Zen, Sr., 212/332-7222
webofchina.com

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