Chinese Government Seeks U.S. Web and Software Developer to Promote the Music of China Worldwide; InterWeb Designs First Official MP3 Site for China's 1.2 Billion People.Business Editors/Technology & Entertainment Writers HOUSTON--(BUSINESS WIRE)--Aug. 3, 2000 Houston InterWeb Design (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HITD HITD Heterojunction Interband Tunneling Diode HITD Humanity Is the Devil (band) ), announced today that it has completed the first phase of ListenToChina.Com, the first MP3 music site approved by the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
"The potential is tremendous," says Harry White, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Houston InterWeb Design. "While everyone is scrambling to enter the vast and lucrative Chinese Internet market, we were fortunate enough to have the Chinese government select our company after evaluating our SiteBlazer(TM) technology. Beijing Artist Online has been involved in every stage of the development of the MP3 site since the beginning, down to the choice of the final logo on the main page." Earlier this year, Houston InterWeb and the Chinese government formed Beijing Artist Online to build the first government approved MP3 music site in China. Similar to MP3.com (Nasdaq: MPPP (MultiLink PPP) An extension to the point-to-point protocol that enables two channels to be linked together to double the throughput. It is used for ISDN transmission and channel bonding. See PPP, ISDN and channel bonding. ), ListenToChina.com will promote and develop Chinese music through the use of Houston InterWeb's advanced Internet technology both in China and overseas. By creating a gigantic MP3 portal for its 1.2 billion people, the Chinese government can not only promote and develop the Chinese music industry, but it can also create a completely new, financially sustainable music distribution platform for its artists. "Our site is going to change the face of Chinese music by opening it up to the world," adds White. Through a MP3 site, China can effectively promote and distribute its artists' music throughout China and the rest of the world. Right now there are over 21 million Chinese speaking Internet users outside of China who have had a difficult time obtaining Chinese music in the past. China's rapid economic growth and increased Internet usage creates an ideal market for our site and future ventures." Houston InterWeb Design's recent joint venture with the Chinese government has receive additional media attention from the Virtual China News (March 15, 2000) and can be accessed at http://www.houston-interweb.com/read_presscoverage.html?pressid=4, as well as in the The Standard (March 13, 2000) at http://www.houston-interweb.com/read_presscoverage.html?pressid=5, or visit the press release section of InterWeb's Web site http://www.hiwd.com. About Houston InterWeb Design Inc. Houston InterWeb specializes in Web site and software development, hosting and data warehousing. Its business model is similar to that of CMGI's (Nasdaq:CMGI CMGI Commonly Maintained Grounds Infrastructures CMGI College Marketing Group Information (Services) ) and Internet Capital Group (Nasdaq:ICGE) in that InterWeb leverages its technology and takes an interest in the Internet-related ventures it helps build. Houston InterWeb Design is a fully reporting company trading on the Over the Counter Bulletin Board under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors HITD. Houston InterWeb focuses primarily on assisting start-up Internet companies that need management knowledge and technological expertise. InterWeb's holdings include a 100% ownership of Political Team, a 20% interest in OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). News Network Inc., a 50% interest in Cyberpitch.com, Inc., a 33% interest in Beijing Artists Online L.L.C., and a 30% interest in Brazil InterWeb Design. InterWeb also has several licensing agreements with companies in Mexico, Panama and China, as well as an agreement with the Chinese Government. For more information on Houston InterWeb, please visit the company's Web site at www.hiwd.net. Other American companies focusing on providing related services include Exodus Communications (Nasdaq:EXDS), Digex (Nasdaq:DIGX), Aperian (Nasdaq:APRN APRN Advanced Practice Registered Nurse ), Digital Island (Nasdaq:ISLD ISLD International Society for Lasers in Dentistry ISLD Island ECN, Inc. (stock symbol) ), Akamai Technologies (Nasdaq:AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ) and Xcelera.com (AMEX AMEX See: American Stock Exchange :XLA XLA X-Linked Agammaglobulinemia XLA Excel Airways (British airline) XLA Microsoft Excel Addin XLA Xbox Live Arcade (gaming) XLA X-Band Limiter Attenuator XLA Excel Add-in XLA Xlib Archive ). Safe-Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained herein that are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including but not limited to certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. This information is not a recommendation to buy or sell securities of Houston InterWeb Design (the company). Merger Communications (Merger) is a media relations firm employed by the company. Merger and the company believe that all information in this release has been obtained from sources considered reliable, but cannot guarantee that the statements presented herein are accurate or complete. Merger, its officers, directors and employees own sixty-six thousand eight hundred shares of the company's common stock. According to the long-term agreement between Merger and the company, Merger's compensation for its financial media relations services includes forty thousand shares of the company's common stock and five-year warrants for an additional sixty thousand shares exercisable at four dollars a share and sixty thousand shares at a price determined at a later date. Merger typically has a long position in the securities of the companies in which it distributes information, and Merger may be buying or selling securities in the course of its regular business. For more information on Merger's services, visit www.mergerusa.com. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion