CathayOnline Inc. Announces Expansion of Internet Services - www.cathayonline.com.NEW YORK--(BUSINESS WIRE)--Aug. 13, 1999-- CathayOnline Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CAOL) announced the name change of their 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. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) from Sichuan Torch Information Technologies Co. Ltd., to Sichuan CathayOnline Technologies Information Co. Ltd. Currently the Company is enacting initiatives to expand management capacities, technology and operations in Chengdu, the capital city of the province of Sichuan, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. Sichuan CathayOnline Inc. is currently upgrading their technological infrastructure in preparation for a user base expansion of an additional 20,000+ Internet users. Appropriate resources have been allocated to ensure completion of this upgrade within the next 45 days. In addition to expanding capacity, CATHAYONLINE INC. is preparing for expansion into the retail market with the Internet TopBox, a device for in-home television/Internet use. The Company views the Internet TopBox as a key tool in targeting the massive home Internet market. Presently, China uses the Internet primarily as a tool for business and trade. With an estimated 4 million users already in place, usership is expected to surpass 10 million in the year 2000. Internet use in China is growing faster than anywhere else in Asia; second only to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Ongoing expansion of Internet services by CATHAYONLINE INC. propels the Company toward its goal of becoming a leading, fully-diversified Internet company, targeting the Chinese-speaking markets in the world. For more information, please visit our updated websites at: http://www.torchmail.com and http://www.cathayonline.com CATHAYONLINE INC. On Behalf of the Board of Directors 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 , Director 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 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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