INTAC International, Inc.
INTAC Launches Student Service Portal Joyba.com in China
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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INTAC Launches Student Service Portal Joyba.com in China
HONG KONG, April 27 /PRNewswire-FirstCall/ — INTAC International, Inc. (Nasdaq:
INTN – News; FSE:WKN 805768), a content provider in China providing Chinese
students exclusively with a full-range of career development services through
its Beijing Intac Purun Educational Development Ltd. (“Intac Purun”) joint
venture with China’s Ministry of Education (“MOE”), announced today the launch
of its Internet career guidance and job search portal Joyba.com (www.joyba.com
).
Intac Purun provides comprehensive wireless value-added career development
services through Joyba.com nationwide in cooperation with the Chinese mobile
operators. The portal’s goal is to become the premier career development portal
for Chinese students. Joyba.com (joyba: Chinese pronunciation = “Go to get a
job”) is closely linked to www.myjob.edu.cn , an Employment Service Website of
the Ministry of Education, and is launched with a full range of fee based
services targeted and tailored towards Chinese students. These services include:
— job searches,
— job matching,
— career assessments,
— interview skill training, and
— comprehensive on-line communities for college students.
The company plans to continuously add to the range of paid services in the
future.
“We are pleased to now be on-line with our career development portal. Joyba.com
is a great portal with huge potential,” said Wei Zhou, Chairman and CEO of
INTAC. He added, “Having installed the technical infrastructure and integrated
the database, we will now concentrate on rapidly increasing the number of
registered subscribers with a cost-effective marketing program. Our goal is to
have more than 1,000,000 registered users by the end of 2004. We anticipate that
Joyba.com will become the number one portal for more than 14 million college
students in China.”
Mr. Xian, Director of the Education Management Information Center (“EMIC”) said,
“On behalf of the EMIC and the Ministry of Education of the Peoples Republic of
China, I sincerely congratulate Intac Purun. I believe that they will be
instrumental in providing career development services to college students, who
will then be able to make a greater contribution to our country.” He added,
“Providing career development services to college graduates is an important
sociopolitical task of the entire society that affects the economic well-being
of thousands of Chinese families.”
“The close cooperation with the Chinese Ministry of Education gives Joyba.com a
competitive advantage to start with direct access to a database with more than 3
million Chinese graduates,” said J. David Darnell, Senior Vice President and
Chief Financial Officer. “We fully expect to commercialize the huge potential of
this unique opportunity and as a result, create value for our shareholders and
investors.”
The Company’s annual report on Form 10-KSB for the year ended December 31, 2003
may be viewed at the SEC’s website www.sec.gov .
About INTAC International, Inc.
INTAC International, Inc. is focused on the exploitation of strategic business
opportunities available in China and the Asia-Pacific Rim. INTAC is refocusing
its business plan from the traditional distribution of premium brand wireless
handsets to Beijing Intac Purun Educational Development Ltd., its new Internet
portal business in mainland China. INTAC maintains offices in China (Hong Kong,
Beijing and Tianjin), Germany (Frankfurt) and the United States (Dallas).
Forward-Looking Statements
This press release contains certain “forward-looking statements.” Such forward-
looking statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, performance or achievements expressed
or implied by such forward-looking statements to differ materially from those
projected or implied. Factors that could cause or contribute to such differences
include, among other things: changes in general business conditions; the impact
of competition in our industry, especially in the Asia- Pacific Rim; the fact
that we are an early stage company with an unproven business model; our need for
additional working capital, particularly to the extent that we are able to
locate a suitable business opportunity; the added expense structure assumed by
us as a U.S. public company; political and economic events and conditions in
jurisdictions in which we operate; PRC Internet laws and regulations that are
unclear and will likely change in the near future; restrictions on foreign
investment in the PRC Internet sector that are imposed by the PRC government;
the PRC government that may prevent us from distributing; regulation and
censorship of information distribution in China which may adversely affect our
business; political and economic policies of the PRC government; the risk of the
loss of the agreements, or the exclusivity terms, with the Education Management
Information Center; the high cost of Internet access that may limit the growth
of the Internet in China and impede our growth; advertising and e-commerce
customers that have only limited experience using the Internet for advertising
or commerce purposes; the acceptance of the Internet as a commerce platform in
China which depends on the resolution of problems relating to fulfillment and
electronic payment; concerns about security of e-commerce transactions and
confidentiality of information on the Internet that may increase our costs,
reduce the use of our Internet portal and impede our growth; our network
operations that may be vulnerable to hacking, viruses and other disruptions,
which may make our products and services less attractive and reliable; changes
in interest rates, foreign currency fluctuations and capital market conditions;
and other factors including those detailed under the heading “Business Risk
Factors” and elsewhere in the Company’s annual report on Form 10-KSB for the
year ended December 31, 2003 as filed with the Securities and Exchange
Commission. We disclaim any intention or obligation to revise any forward-
looking statements whether as a result of new information, future events or
otherwise. INTAC undertakes no obligation to update any forward-looking
statements made in this media release.
Contact: J. David Darnell, Senior Vice President and Chief Financial Officer,
469-916-9891, for further information.
Internet: www.intac-international.com .
end of message, (c)DGAP 28.04.2004
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WKN: 805768; ISIN: US45811T1007; Index:
Listed: Freiverkehr in Berlin-Bremen, Frankfurt und Stuttgart; NASDAQ
281004 Apr 04
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