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Wed, July 1, 2009 China Insonline Corp.: China Insonline Corporation Announces Corporate Update and New Corporate Website
NEW YORK, NY--(Marketwire - July 1, 2009) - China Insonline Corporation (
China Insonline Corporation is aggressively positioning itself at the forefront of the growing Chinese economy by providing Internet & Media Services focused on the Insurance industry. According to recent numbers provided by REUTERS and the China Internet Network Information Center (CNNIC), the number of internet users jumped nearly 42 percent to 298 million by the end of 2008 from the previous year, thus giving China the world's largest internet population. The report also states that the rapid growth in China's Internet use can be tied to its swift economic gains and the government's push for the construction of telephone and broadband lines in the country's vast rural areas. China Insonline hopes to increase revenues by utilizing its services: Licensed Online Insurer (which includes: motor vehicle, property and life insurance), Advertising, Software Development and Website Development in China's developing Internet economy.
To take advantage of China's rapidly growing internet community China Insonline has equipped itself with a new website: [ www.china-insonline.com ]. We believe that the ability to offer products and services to customers and prospective clients twenty-four hours a day seven days a week will give China Insonline the market presence required to be a leader in the industry. Insurance Technology Blog, recently (April 10, 2009) published an article "Insurance Agency Websites A Growing Marketing Opportunity" that stated, "Ten years ago, less than fifty percent of the population used the Internet. Five years ago, users of the Internet consisted primarily of business professionals. Today, retirees are the largest growing demographic of Internet users. Considering this continual growth, agencies across the nation have begun to embrace the marketing potential the Internet has to offer."
"Insurance and Internet are both vigorous developing industries in China, especially after China joined the WTO. These two industries have seen unprecedented development in China. Soobao combines them organically, so that insurance consumers, insurance institutions can get services faster and more convenient, and at the same time, they can save significant time and costs. "It is our mission to let more and more people obtain benefits through our continuing efforts in insurance industry," stated Ms. Betty Xu, the President and CEO of China Insonline Corporation.
About China Insonline Corporation:
We are an Internet service and media company focusing on the PRC insurance industry. With localized websites targeting Greater China, the Company primarily provides, through Soobao, a network portal through its industry website [ www.soobao.cn ] to insurance companies, agents and consumers for advertising, online inquiry, news circulation, online transactions, statistic analysis and software development. The Company is also a licensed online motor vehicle, property and life insurance agent generating revenues through sales commissions from customers in the PRC.
Soobao was originally founded with goal of raising the national insurance consciousness and reducing the cost on national security in China by constructing and maintaining its network portal ([ www.soobao.cn ]) in order to integrate and optimize business flow during the course of insurance sales and related client services. From inception through the end of 2006, Soobao was primarily engaged in institutional preparation and prior-period business development.
Below is an outline of China Insonline's current service offerings:
-Insurance Agency -Online Insurance Advertising -Website Development -Software Development
For further information regarding our current "Partners" please visit our website: [ www.china-insonline.com ]
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
