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ChinaNet Online Holdings To Ring NASDAQ Closing Bell On November 1, 2010

BEIJING, Oct. 25, 2010 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. ("ChinaNet") (Nasdaq:CNET), a leading full-service B2B media development, and internet technology company for small and medium-sized enterprises (SMEs) in the People's Republic of China, today announced that it will celebrate the Company's recent transition to the NASDAQ Global Market with a visit to NASDAQ MarketSite in New York City's Times Square, with representatives from the Company to preside over the Closing Bell Ceremony on Monday, November 1, 2010.

The Company's Chairman and CEO, Mr. Handong Cheng, will be joined by the Company's management team which includes Mr. Zhige Zhang, CFO, and Mr. George Chu, COO.  In addition to being broadcast on national business television at 4:00 pm EDT on November 1, the bell-ringing ceremony will be webcast live on NASDAQ's website and on the NASDAQ MarketSite Tower in New York City's Times Square.

"We are pleased to be representing all ChinaNet customers, employees and shareholders at the NASDAQ Closing Bell Ceremony," said Mr. Cheng. "We are delighted to celebrate the event with our guests as we continue to execute on our company's growth strategy as one of China's leading B2B internet marketing solutions providers, and look forward to sharing our vision for the Company's future with current and prospective investors."

A live webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/about/marketsitetowervideo.asx

About ChinaNet Online Holdings, Inc.

The Company, a parent company of ChinaNet Online Media Group Ltd., incorporated in the BVI ("ChinaNet"), is a leading full-service B2B media development, and internet technology company providing online advertising and brand management solutions for small and medium-sized enterprises (SMEs) in China. The Company, through certain contractual arrangements with operating companies in the PRC, provides Internet advertising and other services for Chinese SMEs via its portal website 28.com, TV commercials and program production via China-Net TV, and in-house LCD advertising on banking kiosks targeting Chinese banking patrons. Website: http://www.chinanet-online.com .
CONTACT:  HC International, Inc.
          Ted Haberfield
          +1-760-755-2716
          thaberfield@hcinternational.net

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