SOURCE: China INSonline Corp.

April 22, 2008 09:00 ET

China INSonline Corp. Continues Its ASC Road Show in California This Week

BEIJING--(Marketwire - April 22, 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 is continuing its two week tour of major financial centers in a national road show campaign spearheaded by Alan Stone & Company LLC. Following a series of successful presentations in New York City and Florida, the Company will be providing the investment community with an overview of recent accomplishments and growth plans during its visit to several cities in California.

Mrs. Betty Xu, Chief Executive Officer of China INSonline Corp. commented, "We had a tremendous reception in New York City, where we met with over one hundred investors from major brokerage firms and banking groups, as well as institutional and accredited investors, in the course of two days. Our road show tour then continued in Miami, Palm Beach and Boca Raton, meeting with brokerages and accredited investors in South Florida. This week we are looking forward to the West Coast portion of our extensive visibility campaign, both in Southern and Northern California."

This week in California, the Company will hold investor meetings at various venues in Newport Beach on Tuesday, April 22nd, Irvine on Wednesday the 23rd, Beverly Hills on Thursday the 24th and San Francisco on Friday the 25th. The management will also be available for one-on-one meetings with analysts, portfolio managers, investment bankers, brokers and other members of the investment community. Please contact Alan Stone & Company LLC representatives for scheduling details.

The Company's new road show powerpoint presentation is available at http://www.china-insonline.com/newspdf/roadshow-presentation.pdf.

Mr. Zhenyu Wang, Chairman of the Board, elaborated, "On this first trip to the US, we are very pleased to share with investors our outlook for fiscal 2008, in which we anticipate to achieve record revenues and earnings. Given the strong investor interest in Chinese companies listed on the US Capital Markets and our noteworthy accomplishments, our Company intends to pursue a major exchange listing later this year."

In related industry news, The Wall Street Journal recently reported that major car manufacturer in China expect continued booming growth in the luxury segment, which represents a key industry growth factor for automobile insurance policies (http://online.wsj.com/article/SB120869557284529109.html?mod=hps_us_whats_news).

For more information or to schedule a meeting with the Company, please contact Alan Stone & Company LLC.

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.

About Alan Stone & Company LLC:

Alan Stone & Company LLC (ASC) is one of the leading nationwide investor relations firm with offices in New York City, Los Angeles, and Palm Beach, FL. With a very strong team of senior level associates, ASC has an impressive track record of enhancing shareholder value and attracting investment capital for its publicly traded small-cap clients. ASC's Managing Director, Alan Stone, was formerly a securities analyst and assistant portfolio manager at Merrill Lynch Asset Management and an investment analyst at Prudential Insurance Company's Capital Markets Group. Mr. Stone was also an investment banker and portfolio manager with Ladenburg, Thalmann & Co. prior to founding ASC. For more information on ASC, please visit www.AlanStone.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.

Contact Information

  • Contact:

    Alan Stone & Company LLC
    Alan Stone
    Managing Director
    (212) 521-4102
    astone@alanstone.com
    www.AlanStone.com

    John Keffalas
    Senior Associate
    (310) 444-3940

    Art Lieberman
    Senior Associate
    (561) 357-3094