CathayOnline Expands Internet Services Facility in Sichuan Province, China.Business Editors/High Tech Writers NEW YORK--(BUSINESS WIRE)--May 2, 2000 CathayOnline Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAOL) announced the completed construction of their new state-of-the-art facility which will provide Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Services throughout the Province of Sichuan, China. The Company's local office along with its regional strategic partner, Sichuan Guo Xun Guo Xun (Chinese: 郭恂; Wade-Giles: Kuo Hsün, d. 75), was a military officer under the Han Dynasty of China. He was an associate general of Ban Chao, as he and Ban Chao were sent to the Western Regions for a diplomatic , is one of the major leaders in providing a multitude of value-added Internet services to its customers in Chengdu. Services include Internet dial-up, advanced messaging, Internet Fax/Phone, systems integration, Internet content and e-commerce solutions, and other advanced Internet features. Customers will be able to access these services through the Company's portals at www.guoxun.net and www.torchnet.com. Chengdu, the Capital City of the Sichuan Province, is one of the largest in population (9.8 million and nearly 100 million people respectively) and is located in the center of Western China. There are currently only five active Internet Services allowed to operate within the area. The Sichuan province now represents nearly 4% of the market in China, followed closely by Chongqing which has nearly 2% of the market. About CathayOnline Inc. CathayOnline will continue its goal in extending its branded connectivity, communications and content to China's most dynamic and high growth urban markets, in particular Beijing, Guangdong and Sichuan Provinces, capturing a major share of the potential 1.4 billion Chinese speaking community. The Company plans to foster long-range growth through strategic joint ventures, aggressive marketing and exceptional customer service. More information regarding CathayOnline can be obtained by visiting www.cathayonline.com. CathayOnline's mission is to be the premier Internet Content, Services and Solutions provider to the global Chinese community. CathayOnline Inc. For further information contact Sheila Sheila is a common given name for a female, taken from the Gaelic name Síle/Sìle, which is believed to be a Gaelic form of Julia or Cecilia. Like "Cecil" or "Cecilia", the name means "Smart and Wise", from the Latin caecus. Bennett of CathayOnline at the Vancouver office 604/687-8381. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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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