BEIJING -- (Marketwire) -- 08/13/09 -- ChinaNet Online Holdings, Inc. (OTCBB: EMZG) (formerly Emazing Interactive, Inc.; the "Company"), through its direct and indirect subsidiaries, is a leading full-service media development, advertising and communications company for small and medium companies (SMEs) in China. Effective July 14, 2009 the Company changed its corporate name to "ChinaNet Online Holdings, Inc." ("ChinaNet"). The Company has notified FINRA and is awaiting the assignment of a new ticker symbol to begin trading under the new name.
"We believe that the new corporate name more accurately reflects the Company's current operations and its ability to leverage its advertising platform which provides a one-stop shop for our business clients," stated Mr. Handong Cheng, Chairman and CEO of the Company. "We believe that our vertically integrated ad portal is a critical foundation for ChinaNet to continue expanding our market share and drive future revenue and earnings growth for our Company. As one of the only internet technology providers to combine traditional TV advertising, product placement and web-based advertising, we will continue to grow our business by leveraging our competitiveness and brand recognition in the marketplace."
In addition, the Company's information is now made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings. Standard & Poor's Advisor Insight is an Internet-based research engine used by more than 100,000 investment advisors. A public version of the site is available at http://www.advisorinsight.com. Information about ChinaNet in Standard & Poor's Market Access Program will be included in S&P's Stock Guide database, which is disseminated electronically to a wide range of major quote vendors. A full description of ChinaNet will also be published in the Daily News section of Standard Corporation Records, which is a recognized securities manual for secondary trading in approximately 38 states under their Blue Sky Laws.
About ChinaNet Online Holdings, Inc.
The Company, a parent company of ChinaNet Online Media Group Ltd., ("ChinaNet" or "Zhong Wang Zai Xian"), is a leading full-service media development, advertising and communications company for small and medium companies (SME) in China. The Company provides internet advertising and other services for Chinese SMEs via its portal website 28.com, TV commercials and program production via the China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons.
This release contains certain "forward-looking statements" relating to the business of ChinaNet Online Holdings, Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including business uncertainties relating to government regulation of our industry, market demand, reliance on key personnel, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. These forward-looking statements are based on ChinaNet's current expectations and beliefs concerning future developments and their potential effects on the company. There can be no assurance that future developments affecting ChinaNet will be those anticipated by ChinaNet. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by such forward-looking statements. ChinaNet undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.