Orbit E-Commerce commence due diligence for dual listing on China’s Stock Exchanges
(EMAILWIRE.COM, January 11, 2007 ) TORONTO -- Orbit E-Commerce Inc. ("OECI"), (OTCBB: OECI) and its major shareholder, PureNet.Tv Canada Inc. ("PureNet") ("Orbit " or the "Company") announces that as part of its expansion into the Chinese IPTV market and the opportunities it brings Management has hired local advisory firms to evaluate a dual listing of its shares on a Chinese stock exchange as part of its plan of growth and development for the Asian markets. OECI/PureNet believes that a dual listing in the Asian market would be beneficial to increasing investor awareness in the company and its IPTV technologies.
OECI /PureNet has invested in evaluating over the past year the business opportunities in China where there are currently more than 123 million Internet users, over 10% of the population of China, including 77 million DSL broadband subscribers (projected to reach 140 million by 2010).
The companies’ management and advisors believe that researching a dual listing in China would be beneficial in achieving the companies China business plans. The companies’ migration into the IPTV market in China would also increase public awareness to OECI and PureNet’s advantage of new broadcast technologies.
In China, there are currently over 100 million analogue cable subscribers and this is an excellent opportunity for OECI and PureNet to build a digital broadcast IPTV network in a country with the largest population and fastest growing economy in the world.
About OECI
Orbit E-Commerce Inc. was established in 2000 for the purpose of capitalizing on management's vision and expertise in the field of Internet Protocal (IP) based communications systems, products, and services. OECI and PureNet are dedicated to extending their communications vision and expertise into the market for IPTV video/internet services which is poised to experience rapid growth. For more information about OECI, see the Company's web site: www.orbitecommerce.com.
About PureNet.Tv Canada Inc.
A private company, incorporated in the Province of Ontario, Canada, PureNet is a privately funded company which was formed to research and develop highly competitive IPTV technology and services and establish relationships with video content providers and equipment suppliers. For more information about PureNet.TV please visit the company's web site at www.PureNet.TV
Contact Information
Contact Mr. John Neufeld, (jneufeld@purenet.tv), 905-751-1499 for information regarding this press release.
SAFE HARBOR
This document contains forward-looking statements as defined by the federal securities laws which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. However, there may be events in the future that we are not able to accurately predict or control.
Forward-looking statements are only predictions that relate to future events or our future performance and are subject to substantial known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished. In summary, you should not place undue reliance on any forward-looking statements.
OECI /PureNet has invested in evaluating over the past year the business opportunities in China where there are currently more than 123 million Internet users, over 10% of the population of China, including 77 million DSL broadband subscribers (projected to reach 140 million by 2010).
The companies’ management and advisors believe that researching a dual listing in China would be beneficial in achieving the companies China business plans. The companies’ migration into the IPTV market in China would also increase public awareness to OECI and PureNet’s advantage of new broadcast technologies.
In China, there are currently over 100 million analogue cable subscribers and this is an excellent opportunity for OECI and PureNet to build a digital broadcast IPTV network in a country with the largest population and fastest growing economy in the world.
About OECI
Orbit E-Commerce Inc. was established in 2000 for the purpose of capitalizing on management's vision and expertise in the field of Internet Protocal (IP) based communications systems, products, and services. OECI and PureNet are dedicated to extending their communications vision and expertise into the market for IPTV video/internet services which is poised to experience rapid growth. For more information about OECI, see the Company's web site: www.orbitecommerce.com.
About PureNet.Tv Canada Inc.
A private company, incorporated in the Province of Ontario, Canada, PureNet is a privately funded company which was formed to research and develop highly competitive IPTV technology and services and establish relationships with video content providers and equipment suppliers. For more information about PureNet.TV please visit the company's web site at www.PureNet.TV
Contact Information
Contact Mr. John Neufeld, (jneufeld@purenet.tv), 905-751-1499 for information regarding this press release.
SAFE HARBOR
This document contains forward-looking statements as defined by the federal securities laws which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. However, there may be events in the future that we are not able to accurately predict or control.
Forward-looking statements are only predictions that relate to future events or our future performance and are subject to substantial known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished. In summary, you should not place undue reliance on any forward-looking statements.
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