CathayOnline Inc. Announces Completion of its 10-K Filing.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 2, 2000 CathayOnline, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CAOL) announced today that its Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. has been completed, and officially registered with the Securities and Exchange Commission. The 10-K is available for the public's review at www.edgar.com. Brian Ransom Brian Ransom (born June 6, 1940) was a Manitoba politician. In 1983, he unsuccessfully ran for the leadership of the Progressive Conservative Party of Manitoba. Ransom was born in Boissevain, Manitoba, and was educated at the University of Manitoba and the University of , the Company's President, addressed the Company's stockholders: "This year, we have done what we set out to do. We have greatly expanded our infrastructure in China, and built upon our relationships to create a strong and meaningful presence in the most populous country in the world. We have established a strong management team, both in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and in China. We have developed an invaluable network of supporters and friends, some of whom have joined our Board of Directors. "With this base, we have created a substantial foothold in China. We have effectively opened four offices. Our new satellite office in Chongqing allows us to serve its thirty-three million residents. Similarly, the relationship with WuYi University, in Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung , grants us entree into the province, in addition to the University's allowing us to benefit from its stellar reputation in marketing our services to all of Guangdong. "We have secured the rights to distribute some cutting-edge technologies within China. Our agreement with register.com allows us to provide our clients with top-level domain (networking) top-level domain - The last and most significant component of an Internet fully qualified domain name, the part after the last ".". For example, host wombat.doc.ic.ac.uk is in top-level domain "uk" (for United Kingdom). names, across 29 domain extensions. This helps us to live up to our commitment to provide our clients within China with the best internet and communications services available anywhere. Similarly, our new messaging service allows our clients to be reached through one number, with the caller choosing whether to send voice, fax, or email messages. This service is on a par with the best messaging technologies in the world. We are currently the only provider of such a service within China. "We have achieved significant milestones in the past year. We are working to keep the momentum going. We are raising capital with which to expand our operations throughout Beijing, Jiangmen, and Chengdu. We will devote considerable resources to upgrading and expanding our Torchmail subsidiary. We will, across the board, push to generate strong revenues. We have laid our groundwork. Now we can begin to make the transition from a development-stage company into a growth company. "If you are a long-term stockholder, I'd like to thank you personally for keeping the faith throughout the last year. If you are a recent investor, I'd like to welcome you to the family. China is a great adventure in itself, and part of this company's mission is to help it take its place as a participant in the international technological marketplace." About CathayOnline Inc. CathayOnline Inc. is aggressively striving to become a leading diversified Internet company targeting Chinese-speaking markets of the world, with primary focus on the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. 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. and (2) advanced communications utilizing 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 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 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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