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China INSOnline Corp. Approved to
List on the NASDAQ Stock Market
July 06, 2008
China INSOnline Corp. (OTCBB: CHIO) (the "Company"), an integrated
licensed insurance services provider operating a leading industry
web portal www.soobao.cn in the People's Republic of China,
announced that it has recently received a letter from the NASDAQ
Listing Qualifications Staff approving the listing of its common
shares on the NASDAQ Capital Market. The Company is to commence
trading under an unchanged trading symbol (NASDAQ: CHIO) on Tuesday
July 1st.
Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp.,
commented,"We are pleased to have been approved to the NASDAQ market
and excited to join the prestigious family of leading growth
companies in the world. At the same time, committed to consistent
growth of our revenues and earnings, we continue to aggressively
pursue our strategic expansion plans in the burgeoning automotive
and personal insurance sector in China."
Mr. Zhenyu Wang, Chairman of the Board, elaborated, "Having complied
with and meeting stringent NASDAQ listing requirements, we hope to
gain greater visibility on Wall Street leading to expanding our
shareholder base and increasing liquidity of our CHIO shares."
Mr. Hon Man Yun, COO and Treasurer, noted: "The Company anticipates
a 'Ring the Bell' ceremony at the NASDAQ Market Site? sometime in
July or August, at which time we will return to New York City to
meet with interested investors and brokerage firms, with more
details to be announced
subsequently."
About China INSOnline Corp.:
China INSOnline Corp., incorporated in Delaware and headquartered in
Beijing, is a rapidly growing licensed insurance agency in The
People's Republic of China. Representing major insurance
underwriting firms in China, the Company offers online automobile,
property and life insurance
services through its industry web portal, www.soobao.cn. The
Company's online platform also provides consumers, agents and
insurance companies with online transaction capabilities,
advertising, online inquiry, news circulation, statistical analysis
and software development services.
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