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Emazing Interactive, Inc. Announces Corporate Name Change to ChinaNet Online Holdings, Inc.
Company to Be Covered by Standard & Poor's Market Access
| Source: ChinaNet
BEIJING--(Marketwire - August 13, 2009) - 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.
Safe Harbor
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.