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ADVISORY — MP3 Goes China - U.S. Company Inks Historical Internet Agreement With Chinese Government
Business Wire, Feb 29, 2000
Photo is available on Business Wire's Web Site
Business Editors and High Tech Writers
HOUSTON--(BUSINESS WIRE)--Feb. 29, 2000
SMART NEWS PHOTO ADVISORY
New Joint Venture Establishes the First
Major Government Approved MP3 Site in China
Caption Reads:
Pictured, left to right: (Top photo) Lee Magness, CFO; Harry White, CEO; Xu Wenbo, Minister of Culture PRC; Tongzhou Tu: Director of Hainen Dingshen Inv. Co. Ltd.
(Bottom photo) Harry White, CEO; Xu Wenbo, Minister of Culture PRC; Tongzhou Tu: Director of Hainen Dingshen Inv. Co. Ltd.
Houston InterWeb Design (OTCBB:HITD) announced today that it has formed a joint venture with the Chinese government and a Chinese investment company to build the first governmentally approved MP3 music site in China. The new joint venture, Beijing Artists Online L.L.C. plans to launch a Chinese MP3 music site similar to the popular MP3.com (Nasdaq:MPPP) within 60 days.
See Business Wire Story 0191 (HOUSTON-INTERWEB/CHINA) for more information.
Photo is available at URL:
http://www.businesswire.com/cgi-bin/photo.cgi?pw.022900/bb4
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