BEIJING, Nov 1, 2010 (GlobeNewswire via COMTEX News Network) -- ChinaCache International Holdings Ltd., ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading provider of Internet content and application delivery services in China, today announced that it has inked a commercial contract with Jiangsu Broadcasting Corporation (JSTV), a local TV station in the province of Jiangsu, for content and application delivery services.
Under the terms of the contract, ChinaCache is to help JSTV deliver TV programs on to the Internet by providing an integrated content and application delivery solution. ChinaCache will provide Microsoft Silverlight based live streaming service to JSTV.
The signing of the contract with JSTV marks yet another important customer win for ChinaCache following its first contract in the cable TV industry with Shanghai Media Group (SMG), one of the largest local TV stations in China in the second quarter of this year for a number of content and application delivery services.
"We are excited that we are expanding our business presence in this emerging market by adding new customer to our existing customer base. The network convergence market represents great business opportunity for CDN service providers, and we are committed to working with local TV stations by providing them with the best application and delivery solutions to reach their target audience over the Internet," commented Song Wang, chief executive officer of ChinaCache.
Zhang Lei, director of New Media of JSTV said, "We are very pleased to be working with ChinaCache on this important business initiative of ours. ChinaCache's content and application delivery solution is vital to us in ensuring the reliability and quality of our services."
The contract came at a time when the network convergence market in China is beginning to take off. ChinaCache believes that the network convergence initiative, which integrates telecommunications network, the computer data network and the cable television network, will create huge demand for content and application services where millions of TV programs will be pushed over to the Internet.
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the leading 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 the 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 www.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 provide 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.
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SOURCE: ChinaCache International Holdings Ltd.
CONTACT: ChinaCache International Holdings Ltd. Mr. Wei An, Vice President of Corporate Communications +86 (10) 6437-3399, ext. 611 email@example.com Brunswick Group LLP Ms. Yue Yu +86 (10) 6566-2256 Ms. Susan Stillings Ms. Cindy Zheng +1 (212) 333-3810 firstname.lastname@example.org
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