NEW YORK, April 5, 2006 (PRIMEZONE) -- Baker Communications, Inc. (Pink Sheets:BAKR) announced today that it is changing its name to "China Adnet Enterprises, Inc." and will begin trading under the new trading symbol (Pink Sheets:CAEJ). In addition, the Company announced a 1:190 reverse split of its outstanding common shares. Both actions were approved by the Company's shareholders at a meeting held on February 22, 2006.
About China Adnet Enterprises, Inc.
Adnet International Limited, our subsidiary, was established in February 2005 by offshore incorporation in the New Zealand jurisdiction of the Samoa Islands. The company's head office is registered in Hong Kong and conducts its primary business activities within China through a direct control and managed subsidiary, Adnet International (China) Limited.
Adnet is an emerging Chinese Internet media and services company providing value-added multimedia products and services. The company delivers its products and services to users in China primarily from a wholly owned Internet portal, www.2adnet.com and related websites managed exclusively by Adnet. The company's core business activities include online advertising and commercial business solutions, and intends to be a leading Internet/IT development company dedicated to commercial online advertising and B2B services for small and medium Chinese enterprises.
If you would like additional information on China Adnet Enterprises Inc., please view China Adnet Enterprises, Inc. at our website at www.china-adnet.com. For further information, please contact Casey Chan, CEO at 86-020-28821408 or by emailing investors@china-adnet.com .
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. These risks and uncertainties include, without limitation, risks that future acquisitions may be unsuccessful, risks related to potential changes in the PRC government's policies and laws, risks related to possible currency exchange rate fluctuations and structural changes in the market for the Company's current product(s). We undertake no obligation to revise or update publicly any forward-looking statements.