[June 24, 2004] China Mobility Solutions Announces Completed Stock Trading Symbol Change NASD Issues New Stock Symbol CHMS VANCOUVER, British Columbia, June 24 /Xinhua-PRNewswire-FirstCall/ -- China Mobility Solutions, Inc. (BULLETIN BOARD: CHMS) , formerly Xin Net Corporation (BULLETIN BOARD: XNET) announced today it has been issued a new trading symbol by the NASD. Angela Du, President of China Mobility Solutions said, "This is a critical matter for the company and I am very pleased we have completed the process. The new stock symbol, paired with our recent name change, more accurately reflects our business model and our region of economic development in China." China Mobility has a client base of more than 5,000 Chinese corporations, access to more than 500,000 additional companies through its proprietary database of clients, and is in a position to become the largest provider of mobile business solutions services in China. China Mobility has revenue profit-sharing contract with China's largest telecommunications companies -- China Mobile, China Unicom, and China Telecom. About China Mobility Solutions, Inc. China Mobility Solutions, Inc. ("China Mobility") is a provider of mobile solutions for businesses across China. By 2007, analysts expect China to have more than 500 million mobile phones in operation. More than 200 billion text messages were sent through mobile phones in China last year, up from 19 billion in 2001. China Mobility has a client base of more than 5,000 Chinese corporations, access to more than 500,000 additional companies through its proprietary database of clients, and is in a position to become the largest provider of mobile business solutions services in China. In addition to Mobile Marketing, China Mobility also offers mobile solutions for businesses in the areas of Office Automation, Mobile Banking, Mobile Tax Services, and SMS-based solutions for Police Departments. China Mobility has revenue profit-sharing contract with China's largest telecommunications companies -- China Mobile, China Unicom, and China Telecom. About QuickNet: QuickNet Telecommunication Corp. ("QuickNet") is an enterprise mobile solutions provider based in Beijing, China. QuickNet is one of the first companies in China to focus on mobile solutions directed at businesses in China. QuickNet's strategy of targeting corporate users is aimed at achieving a higher percentage of recurring revenue and better margins. QuickNet is one of a limited number of companies in China to successfully obtain usage for national value added services access numbers from China Unicom and China Mobile, enabling QuickNet to offer its service nationwide. QuickNet has developed a highly-advanced technology platform, with advanced database management, CRM and message auditing functionality. QuickNet launched its enterprise mobile marketing services in July 2003 and quickly became cash flow positive by the end of 2003, with US$1.2 million of fees collected in its first half-year of operations. Forward looking statement Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, developments of the Chinese and North American markets and changes in regulatory matters. The Company disclaims any obligation to update any such factors or to publicly announce results of any revision to the forward-looking statements contained herein to reflect future events or developments. Contact Information: John Roskelley President of First Global Media 480-902-3110 China Mobility Solutions, Inc. CONTACT: John Roskelley, President, First Global Media, +1-480-902-3110,for China Mobility Solutions, Inc. [ Back To TMCnet.com's Homepage ]