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I received this via e-mail this weekend and it looks very promising. Does anyone have anymore info on this company? I've heard from a couple of sources the promo is kicking off and the stock should really start moving next week. ================================================================ XIN NET TECHNOLOGIES INC. (XNET-BB) 52 Wk High: $1.03 52 Wk Low: $0.15 Recent Price: $0.71 "Capitalizing on China's Emerging Internet Marketplace" Shares Outstanding: 14.1 million ================================================================ August 2nd, 1998 Xin Net Technologies, Inc. through its wholly owned subsidiary Infornet Investment Corp., has a joint venture agreement with Xin Hai Technology Development Ltd.; an experienced Internet Service Provider based in Beijing China. The agreement provides Xin Net with 100% participation in Xin Hai's expansion. It is the Company's objective to capitalize on the booming Chinese Internet market, which so far has been restricted to Chinese companies only. Xin Hai Technology Development Ltd. Xin Hai started business in 1993 and successfully applied for one of the 31 ISP licenses last year. On top of simple Internet access service, their also offer value-added services including World Wide Web server hosting and integration services, client software and security products, training and network integration, as well as consulting services. The most successful product is an "Integrated Corporate Electronic Mail Service Platform" providing a variety of value-added services to corporate clients. These services include: Mail-Fax - This is an Internet Fax service. Clients would send their fax messages locally to Xin Hai. The messages will then be sent through the Internet to established proprietary service centers in Europe and North America, and in turn faxed locally (or long distance) to its final destination. This service eliminates the costly overseas long distances charges originating from China. Mail-Pager - This is an e-mail Pager service. This service is aimed at the growing population of Pager users, estimated to be 60 million today and reaching 200 million by the year 2000. Recipients of e-mail will be alerted through their Pagers to go to a computer and check their mail. This service enables people without regular access to computers to use e-mail on the Internet. As China now has several countrywide Paging networks, this service is widely accepted, especially by business travelers within China. Mail-Cellular - Similar to Mail-Pager, users will receive a call on their Cellular Phone instead of their Pager. China also has a countrywide Cellular Phone network, so this service also provides coverage for the whole country. Mail-Fax - This is an e-mail to Fax service, aimed at un-computer oriented users providing them with hard fax copies. Since 1993, Sin Hai has grown from an investment of 150,000 Renminbi (US$18,000) and 8 employees to a company with over 80 employees and 10 million Renminbi (US$1.25 million) in assets. Xin Hai's competitive advantage resides in its software capabilities, connections with the Ministry of Posts & Telecommunications and understanding of the Chinese user market. The "Integrated Corporate Electronic Mail Service Platform" is a good example. The system is software driven, developed completely in-house and aimed at various niche markets. The ability to utilize these competitive advantages forms the cornerstone for the Company's future growth. Growth Strategy Management is committed to becoming a significant Internet player in the China market. It is essential to establish a critical subscriber base with countrywide coverage. Xin Hai has a long and successful relationship with the MPT and the Beijing Telecommunication Administration Bureau. Through their working relationships, Xin Hai plans to work with other local Provincial Telecommunications Bureaus and open sales and service offices in Shanghai (east), Shenyang (north-east), Guangzhou (south), Wuhan (middle), and Chengdu (west). Together with headquarter in Beijing (north), Xin Hai will provide Internet service coverage for the whole country. Beijing office has been operating since April 1997 and Shenyang office since October 1997. Xin Hai had recently signed a joint venture agreement with Unicom China to offer their e-mail to Pager service to Unicom's customers. Unicom is the only authorized telecommunications service company in China besides the MPT. By the year 2000, Unicom is projected to have 10% of the China's long distance market and 30% of the cellular market. They currently have a total of 400,000 pager users throughout China. Xin Hai's e-mail to Pager and other Internet related products and services will be offered to all new Unicom subscribers as well as their large existing subscriber base. Together with a dedicated marketing and advertising effort, management expects to achieve a 10% market share in the above 6 cities. On a longer-term basis, after a subscriber base is established, management intends to start Internet advertising (similar to North American companies such as Yahoo) and other large audience services. Barrier to Entry The MPT controls all licensing and pricing. There is no indication of any rule changes so the barrier to obtain an Internet license is still substantial. Therefore time is of the essence for Xin Hai to build a large subscriber base before any changes can occur. XNET now stands poised for rapid growth over the coming months. Start your due diligence early, because the potential here is tremendous. For futher information please call: (604) 685-1978 -- courtesy of: NETWiRE! by Watkins ONLiNE! Vancouver, British Columbia, Canada ======================================================= WWW watkins-communications.com DISCLAIMER: The information contained herein has been drawn from sources which we believe to be reliable; however, it's accuracy or completeness is not guaranteed, nor in providing it does Watkins Online assume any liability. This information is current as of the date appearing on this report and Watkins Online assumes no obligation to update the information or advise on further developments relating to these securities. This document is not to be construed as an offer or solicitation to buy or sell any of the securities herein named. The inventories of Watkins Online, its officers, directors or shareholders may from time to time include the securities named in this document. E. & O.E. | ||||||||||||||
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