ChinaCache Retains The Piacente Group as Strategic Investor Relations Consulting Firm
BEIJING, Nov. 5, 2012 (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 retained The Piacente Group ("TPG"), a full-service investor relations firm with offices in New York, California and Beijing. TPG will assist ChinaCache in implementing investor communications and outreach programs designed to increase the Company's visibility among the financial community.
"China's Internet industry is undergoing significant changes, driven by the rapid growth in data consumption particularly on mobile networks. We are poised to leverage our Content-aware Network Services to delivery high-quality, value-added services to our customers and capitalize on the favorable industry trends," said Mr. Song Wang, co-founder, chairman and chief executive officer of ChinaCache. "We have a clear growth strategy and the ability to execute through continued innovation and technological development. We believe that TPG will be an excellent partner to help us communicate our achievements and raise awareness of our Company as we continue to meet our internal operational and financial goals."
Brandi Piacente, President of TPG, added, "ChinaCache is uniquely positioned to benefit from the ongoing growth in data traffic and increasing demands on network infrastructure. We are pleased to have this opportunity to help communicate their value proposition and exciting growth story. We look forward to working with management to effectively convey their vision and help raise ChinaCache's profile within the investment community."
About ChinaCache International Holdings Ltd.
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 to improve end-user experience. For more information on ChinaCache, please visit en.chinacache.com.
About The Piacente Group
The Piacente Group ("TPG"), Inc. is a full service investor relations and financial communications consulting firm with offices in New York, California and Beijing. Representing a strong portfolio of U.S. and China-based companies, TPG develops and implements strategic programs aimed at broadening investment community sponsorship through best practice execution. Value-driven communications, proactive outreach to Wall Street, targeted media relations and innovative social media methodologies work in concert to market TPG's clients' securities before optimal investment audiences.
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.