CNET +1.30 to 2.36, a 130% gain ! Amazing move on this announcement. There was plenty of opportunity to buy shares under $1.25 before 10am. Wish I had picked up a few !
BEIJING, Feb. 26, 2014 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (the "ChinaNet" or "Company"), a leading B2B (business to business) Internet technology company focusing on providing online-to-offline ("O2O") sales channel expansion services for small and medium-sized enterprises ("SMEs") and entrepreneurial management and networking services for entrepreneurs in the People's Republic of China, today announced that it has been co-nominated as a candidate for the "2013 Preferred Service Provider for China Small and Medium-sized Enterprises" award by China Center for Promotion of SME Development and China International Cooperation Association of Small and Medium Enterprises.
"We are proud to be selected as one of the premier service provider to SMEs," said Mr. George Chu, Chief Operating Officer of ChinaNet. "It validates our work in creating an excellent sales and marketing platform for SMEs. We will continue to introduce new products on our service platform to help franchise owners and SMEs become more successful."
China Center for Promotion of SME Development is a state-owned entity under the Ministry of Industry and Information Technology of the People's Republic of China to promote business development of domestic SMEs. China International Cooperation Association of Small and Medium Enterprises is a non-profit making entity established by various SMEs, entrepreneurs and scholars in 1990 to coordinate government-SMEs relationship and enhance oversea communications and activities of China SMEs.
