CathayOnline Announces Appointment of Mr. Li Wei Man as Managing Director of PRCinvest.com.Business Editors NEW YORK--(BUSINESS WIRE)--June 1, 2000 CathayOnline Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAOL) through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , CathayOnline Technologies (HK) Co. Ltd., announced that the Company appointed Mr. Li Wei Man Wei Man (Chinese: ), known as Wiman in Korean, was a man from the State of Yan of China who established a kingdom in north-western Korea in the 2nd century BC. He was the first figure in the history of Korea to have been recorded in documents from the same time period. as its Managing Director of its newly created financial news portal PRCInvest.com. Mr. Li brings to CathayOnline more than 18 years of consummate experience in the publishing industry in both Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. & the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. Mr. Li's career includes participation in the founding of the Chinese official newspaper on natural resources, China Coal Newspaper. He later established China Famous Brand Magazine, a subsidiary of XinHua News Agency “Xinhua” redirects here. For other uses, see Xinhua (disambiguation). The Xinhua News Agency (Simplified Chinese: 新华社; Traditional Chinese: , a leading commercial magazine with wide ranging prestige that directly promotes the co-operation between all levels of Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
In 1997, the former Chinese ambassador to the USA appointed Mr. Li as the Trustee of The China Association for International Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most (CAIPR), a position that he still maintains. Mr. Li acted as an organizer and director for "Counting Down of Hong Kong's Return" in which he personally developed the original idea for the "Count Down Clock." This symbolic timer was situated on the east side of Tian'an Men Square and counted down the exact moment of Hong Kong's handover n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military back to the civilian authorities s>. to the People's Republic of China. Mr. Li's efforts on this project were widely praised by both top ranking governmental officials and businesses, and the program lead to a top award presented by CAIPR. For the past two years, Mr. Li has been the Editor-in-Chief of China Market Journal, also a subsidiary of XinHua News Agency. It is a major journal published monthly focusing on business and financial information in China. China Market Journal provides analysis and reports on economic activities in the PRC. CathayOnline, through its partnership with China Investment Publishing House, the publisher of the China Market Journal, will soon unveil its bilingual financial portal Financial Portal A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. to provide users with up-to-the-second financial information as well as advanced services such as on-line stock trading. PRCInvest.com will feature updates of important business information throughout China and the world, real-time stock quotes (Shanghai & Shenzhen exchanges), on-line stock trading, weekly review and summary of key business developments, detailed economic and statistical data, in-depth business reports upon request, and real-time video of news, interviews and discussions. The Company's recent strategic progressions will ensure that CathayOnline continues to capitalize on the growth potential of the Internet in both the People's Republic of China and the Chinese-speaking population of the world (approximately 1.4 billion people). It is CathayOnline's long-term goal to become a leading Web-based communications facilitator for China and Chinese-speaking markets globally, providing a complete range of Internet services and solutions. About CathayOnline CathayOnline is aggressively striving to become a leading fully-diversified Internet company targeting Chinese-speaking markets of the world, with primary focus on the People's Republic of China. Through key acquisitions, joint ventures, and prestigious international and domestic alliances, the Company is facilitating the delivery of products and services in two high growth areas: (1) as an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. as the backbone and (2) advanced communications through the use of the Internet. More information can be obtained about CathayOnline by visiting http://www.cathayonline.com. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate", "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. |
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