SOURCE: China INSonline Corp.

July 01, 2008 08:30 ET

China INSOnline Corp. Approved to List on the NASDAQ Stock Market

BEIJING--(Marketwire - July 1, 2008) - China INSOnline Corp. (OTCBB: CHIO) (the "Company"), an integrated licensed insurance services provider operating a leading industry web portal www.soobao.cn in the People's Republic of China, announced today that it has recently received a letter from the NASDAQ Listing Qualifications Staff approving the listing of its common shares on the NASDAQ Capital Market. The Company is to commence trading under an unchanged trading symbol (NASDAQ: CHIO) on Tuesday July 1st.

Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp., commented, "We are pleased to have been approved to the NASDAQ market and excited to join the prestigious family of leading growth companies in the world. At the same time, committed to consistent growth of our revenues and earnings, we continue to aggressively pursue our strategic expansion plans in the burgeoning automotive and personal insurance sector in China."

Mr. Zhenyu Wang, Chairman of the Board, elaborated, "Having complied with and meeting stringent NASDAQ listing requirements, we hope to gain greater visibility on Wall Street leading to expanding our shareholder base and increasing liquidity of our CHIO shares."

Mr. Hon Man Yun, COO and Treasurer, noted: "The Company anticipates a 'Ring the Bell' ceremony at the NASDAQ Market Site® sometime in July or August, at which time we will return to New York City to meet with interested investors and brokerage firms, with more details to be announced subsequently."

About China INSOnline Corp.:

China INSOnline Corp., incorporated in Delaware and headquartered in Beijing, is a rapidly growing licensed insurance agency in The People's Republic of China. Representing major insurance underwriting firms in China, the Company offers online automobile, property and life insurance services through its industry web portal, www.soobao.cn. The Company's online platform also provides consumers, agents and insurance companies with online transaction capabilities, advertising, online inquiry, news circulation, statistical analysis and software development services. For more information, please visit www.china-insonline.com.

About NASDAQ®:

NASDAQ is the largest U.S. electronic stock market listing approximately 3,200 companies trading more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media, biotechnology and other sectors. For more information about NASDAQ, please visit www.nasdaq.com.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company Disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

No securities regulatory authority has either approved or disapproved the contents of this news release.

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