BEIJING, April 11, 2014 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced that it has signed a framework agreement ("agreement") with People.cn (Shanghai:603000), a large-scale information interaction platform constructed by People's Daily, relating to ChinaCache Atecsys International Data Center ("Atecsys"), to address the cloud computing and cloud storage needs of People.cn's growing user base.
Atecsys is a cloud infrastructure strategically located in Beijing's tax free, custom bonded zone. The investment in Atecsys will enable People.cn to reduce long term spending on cloud infrastructure and to leverage ChinaCache's expertise on total network solutions to assist them in the long run.
"We believe our innovative business model can bring tremendous value to large enterprises looking to develop proprietary data centers to meet the rapidly growing demand for cloud computing in China," said Mr. Song Wang, Founder, Chairman and CEO of ChinaCache. "We are leveraging our strategically located land resources and expertise in managed internet data services to meet customer demand in cloud computing, while also generating new business opportunities for our company. We are very excited about this agreement with one of our long term customers, People.cn, and look forward to gaining further attention from other sizeable enterprises looking to cooperate on cloud infrastructure."
"With the rapid growth in Internet availability and mobile Internet usage in China, People.cn has seen a surge in active users, Internet traffic and demand for data storage," said Liao Hong, President of People.cn Co Ltd. "Cloud computing, cloud storage and cloud technology have become increasingly necessary for us to keep pace with this growing demand. We believe our cooperation with ChinaCache for cloud infrastructure will effectively provide us with the security and flexibility necessary to scale up our business."
People.cn, founded on January 1, 1997, is a large-scale information interaction platform constructed by People's Daily. People.cn is principally engaged in the operation of Internet news information platform for global Internet users, through articles, images, cartoons, audios and videos, forums, blogs, micro blogs, podcasts, mobiles, really simple syndication (RSS), online live and other ways.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the leading total solutions 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 a 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 en.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 provides 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 Investor Relations Contacts:
Ms. Edith Kwan
ChinaCache International Holdings
Tel: +86 (10) 6408 5307
Mr. Glenn GarmontThe Piacente Group | Investor Relations
Tel +1 212 481-2050
Source: ChinaCache International Holdings Ltd.
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