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INTAC International Announces Full Range of Career Development
and Affinity Services Provided By INTAC Purun In China
HONG KONG, Oct. 11 /PRNewswire-FirstCall/ -- INTAC International, Inc.
(Nasdaq: INTN; FSE: WKN 805768), an Internet service provider in China
providing Chinese students exclusively with a full-range of career development
services through its joint venture with China's Ministry of Education, Beijing
Intac Purun Educational Development Ltd. ("Intac Purun"), and its Internet
portal, Joyba.com (http://www.joyba.com/ ), today announced a full range of
Career Development and Affinity services to be provided by Intac Purun.
Intac Purun will offer a full range of services through its Internet Portal and
Career Service Centers. These will include Campus Employment Services which
will provide online information to university students who are looking for
internships and jobs, and employers, who are looking for qualified trainees and
employees. Social Employment Services will provide online information to young
professionals who are looking for jobs, and employers who are looking for
employees.
Both Campus and Social Employment Services will be offered through online and
offline services. Online services will include Outsourcing of HR-functions,
Recruitment Services, Professional Management Career Training and Career
Assessment whereas offline services will include Various Training Programs and
Internships to National & Multinational Employers.
Undergraduate Student Training is a service that will include basic and
enhanced skills training. The basic skills training is tailored towards the
demands of the job market and will enhance the student's individual skills. The
advanced skills training will strengthen the student's individual skills that
were developed after completion of the basic training. These training courses
will be offered in cooperation with multinational companies such as SAP, Cisco
and Microsoft. These courses will last at least one semester and be offered at
over 1,000 universities.
Professional Management Career Training will be offered and were created based
upon the criteria established by national and multinational employers. Courses
will be created in those areas that require "continuing education" after
graduation. These courses will be set up as partnerships with private teaching
companies. Intac Purun currently has built relationships with 500 national and
multinational employers in China. The services will be supported on our
http://www.phrbank.com/ web site. Upon successful completion of the specific
training course, the participants will be certified for the professional
qualification.
Media Issuance and Management services began when Intac Purun signed an
exclusive license agreement with 21st Century, the weekly newspaper
organization sponsored by the Chongqing Science and Technology Association.
Under the license agreement, Intac Purun is responsible for the issuance and
management of their publications. Campus Weekly, 21st Century Talent Report
and Team Magazine will be offered through Intac Purun's Media Issuance and
Management services. Campus Weekly is a newspaper for Chinese students sold
through our Career Service Centers. This weekly publication serves to promote
Intac Purun's online activities and undergraduate training courses. 21st
Century Talent Report is a recruitment publication for job seekers and hiring
companies. This report is published weekly and is sold at kiosks in Beijing.
This will support Intac Purun's online recruitment activities by offering space
for job placement ads, along with commercial partners advertising for brand
and/or product promotion. Team Magazine is a monthly publication for human
resource managers of national and multinational companies. This magazine is
sold at kiosks in Beijing and distributed by direct mail. This will support
Intac Purun's online recruitment services, as well as our professional
management career training courses. Intac Purun's goal is to be the #1
employment related weekly magazine for university students. Subscriptions for
the end of 2003 were reported to be 50,000. With Intac Purun taking over the
management of the weekly newspaper, the subscriptions are expected to rise to
over 150,000 by the end of 2004.
Apart from Educational and Career Services, Intac Purun believes it will derive
substantial revenue from a variety of affinity services. These products will
reach the same target groups and be offered through the same distribution
channels as our Career Development Services. Intac Purun will position itself
to be the one-stop Internet Information, Education and Entertainment Portal for
Chinese Students. http://www.joyba.com/ was launched and will support
university students in all areas of student life. The goal of
http://www.joyba.com/ is to become the "#1 Meeting Place for Chinese Students".
A variety of popular mobile services, like games, movies, television, music,
jokes, star signs, ring tones, phone background pictures and dating services
will be delivered through SMS, MMS, WAP and IVR services. These mobile
services are the result of our partnering with China Unicom and China Mobile,
and having obtained all the necessary Content Provider licenses. These
life-style services, contents and applications are tailored towards our target
groups. With its extensive content provider licenses, Intac Purun is able to
work with the leading Chinese suppliers for state of the art product lines.
Affinity services will include Consumer Cafe Cards which will be issued to
university students. This card offers students discounted prices for services
and products from cooperative companies. SIM-Cards through China Unicom will
be offered to university students. This card will support Chinese students by
reducing the cost of mobile services over China Unicom's network by
approximately 50%. Recruiting Agents Services will be performed by Intac Purun
for domestic training companies. The advantage of the University Cooperative
Platform has been utilized by signing an agreement with an IT certification and
professional English training school. Intac Purun will recruit students to
sign up for these professional training courses. Campus Promotion and
Marketing Services will be offered to our Commercial Business Partners. Intac
Purun realizes the costs associated with marketing to the 1,000 universities
throughout China are cost prohibitive for commercial businesses to pursue.
Intac Purun will assist these commercial businesses and enhance their image to
the students to increase the sale of their products.
"This is indeed an exciting time for Intac Purun," said Wei Zhou, Chairman and
CEO of INTAC. "There are a significant number of valued services we can
provide as the exclusive provider of career development services through our
joint venture with China's Ministry of Education. We are rapidly building and
establishing what we fully anticipate being the premier career development
service provider in China."
The Company's annual report on Form 10-KSB for the year ended December 31, 2003
and quarterly report on Form 10-Q for the quarter ended June 30, 2004 may be
viewed at the SEC's website http://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, an Internet
service provider in China, provides Chinese students exclusively with a
full-range of career development services through its joint venture with
China's Ministry of Education, Beijing Intac Purun Educational Development
Ltd., and its Internet portal, Joyba.com.
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 and quarterly report on Form 10-Q for the quarter ended June
30, 2004, 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.
DATASOURCE: INTAC International, Inc.
CONTACT: J. David Darnell, Senior Vice President and Chief Financial
Officer of INTAC International, Inc., +1-469-916-9891
Web site: http://www.sec.gov/
Web site: http://www.intac.cn/
http://www.joyba.com/
http://www.phrbank.com/