ChinaCache Further Expands Its Presence In The Network Convergence Market
BEIJING, Dec. 27, 2010 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading provider of Internet content and application delivery services in China, today announced that it has signed a service agreement with Zhejiang Radio and Television Group (ZTV), a leading local TV station in Zhejiang province, China, for content and application delivery services.
Under the terms of the agreement, ChinaCache will provide an integrated content and application delivery solution to ZTV to improve the reliability of its Internet delivery of TV programs and improve end-user experience. ChinaCache will provide webpage, live streaming as well as video-on-demand (VOD) services to ZTV.
The service agreement with ZTV came one month after ChinaCache had announced the service agreement with JSTV in November this year. With the addition of ZTV, ChinaCache is now providing content and application delivery services to four of the top five TV stations in China."We are very happy to have opportunity to serve a high caliber customer such as ZTV. We have been making solid progress in penetrating the newly emerging cable TV market in China since the beginning of this year. We believe that the accelerated growth in this industry vertical as a result of the network convergence initiative will continue to generate great demand for CDN services. ChinaCache is at the forefront of this emerging market and we are committed to providing the best services and solutions to our customers," commented Song Wang, chief executive officer of ChinaCache. Mr. Xu Guofa, director of Information and Technology Operation Center of ZTV, said, "We are very pleased to have chosen ChinaCache as our CDN services provider. ChinaCache has demonstrated its strong service and solution capabilities as well as its total commitment to customers." About ChinaCache International Holdings Ltd. ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the leading provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex internet infrastructure, ChinaCache is the partner of choice for businesses, government agencies and other enterprises to enhance the reliability and scalability of online services and applications and improve end-user experience. For more information on ChinaCache, please visit www.chinacache.com . Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. ChinaCache may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about ChinaCache's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening our relationships with its customers, and the general economic and business conditions in the regions where the Company provide its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ChinaCache undertakes no duty to update such information, except as required under applicable law.
CONTACT: ChinaCache International Holdings Ltd. Mr. Wei AN, Vice President of Corporate Communications +86 (10) 6437-3399 ext. 611 firstname.lastname@example.org Brunswick Group LLP Ms. Yue YU +86 (10) 6566-2256 Ms. Cindy ZHENG +1 (212) 333-3810 email@example.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV