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China Internet Cafe Holdings Group Inc. Retains HC International as Investor Relations Advisor
Feb 23, 2011 (02:02 PM EST)
SHENZHEN, China, Feb. 23, 2011 /PRNewswire-Asia-FirstCall/ -- China Internet Cafe Holdings Group, Inc. ("CICC" or the "Company") (OTB Bulletin Board: CICC), one of the largest owners and chain operators of internet cafes in Southern China, announced today it has retained HC International, Inc. ("HC International") as its strategic investor relations advisor.
HC International will assist CICC with communicating its value proposition to shareholders and investors, while broadening its presence in the financial markets. Matthew Hayden, Ted Haberfield, and the HC International team will be advising the Company in all facets of corporate and financial communications.
"We look forward to partnering with HC International to provide effective investor communications," stated Mr. Guo Dishan, Chief Executive Officer of China Internet Cafe holdings Group, Inc. "CICC has a simple and straightforward business model. With tens of millions of Chinese consumers still lacking a PC or a reliable broadband connection, we see a tremendous opportunity to expand our business through both organic growth and strategic acquisitions. Our modern, high-quality cafes, located in close proximity to robust traffic areas, such as large industrial work zones where both college students and migrant workers live, provides an affordable option for entertainment, communication and education. Growth in online gaming, which delivers the best experience on a large screen with fast, reliable internet connections, has been a driver of our revenue growth. We operate in a highly regulated industry which is undergoing consolidation. Our strong brand, seasoned management team and balance sheet provide us with a solid foundation in which to grow our market share profitably for years to come."
"We are pleased to form this relationship with CICC and look forward to assisting the Company with all of its corporate communication and investor needs during 2011. Helping to educate US investors about the market dynamics in China which make this business model an attractive place to allocate capital is a top priority. The management team has proven its ability to scale the operations, make prudent capital investments and maintain high customer retention rates, while driving incremental revenues through services like advanced gaming offerings," stated Matthew Hayden, President of HC International, Inc.
About China Internet Cafe Holdings Group, Inc.
Since opening its first internet cafe in 2006 under the name Shenzhen Junlong Culture Communication CO. Ltd., China Internet Cafe Holdings Group, Inc. has expanded quickly to 44 cafes in Shenzhen, Guangdong province, China. The Company provides high quality, affordable internet services to consumers who purchase reloadable cards. Customers can access a range of online services, including email, web surfing, watching movies, online gaming, voice over IP, and social media in a comfortable, friendly and safe environment. CICC offers a variety of internet connectivity stations with varying speeds, monitor sizes and seating arrangements.
Safe Harbor Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks outlined in the Company's public filings with the Securities and Exchange Commission, including the Company's registration statement on Form F-1, as amended. All information provided in this press release is as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
SOURCE China Unitech Group, Inc.