ChinaNet Online Holdings, Inc

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BEIJING, Oct. 17, 2012 (GLOBE NEWSWIRE) -- ChinaNet Online Holdings, Inc. (Nasdaq:CNET) (the "Company"), a leading B2B (business to business) Internet technology company focusing on providing online-to-offline ("O2O") sales channel expansion services for small and medium-sized enterprises ("SMEs") and entrepreneurial management and networking services for entrepreneurs in the People's Republic of China, today announced that its subsidiary - Liansuo.com ( www.liansuo.com) - attended the 2012 Shanghai International Franchise Exhibition (the "Exhibition") at the Shanghai International Exhibition Center that took place in mid-September. Since the Exhibition, Liansuo.com has signed approximately 56 new clients, on a trial basis.

Mr. George Chu, COO of ChinaNet began, "This year's Shanghai International Franchise Exhibition was one of the most productive trade shows to date. We met dozens of new prospective clients and discussed ways our comprehensive set of services can help them grow their businesses. While it's still early, we believe that we will achieve our goal of increasing our conversion rate by over 30% for Liansuo.com."

More than 200 businesses and over 30,000 attendees participated in the Exhibition, which took place over three days. In addition to providing the live webcast, Liansuo.com also introduced its full line of products and services to the attendees of the Exhibition.

More information about the Exhibition can be found at the following link:
http://www.chinafranchiseexpo.com/ccfa/cn/default.asp?leftmenu=0