China Insonline Corp

[Press Release] China INSOnline Reports Second Quarter Results

17 Feb 2010 13:00:00 GMT

BEIJING--(Marketwire - 02/17/10) - China INSOnline Corp. (NASDAQ:CHIO - News)

-- Net Income Up 33% for the Period
-- Revenues Edge Higher Across Two of Three Segments
-- Six Month Net Income Is $0.11 per Share

China INSOnline Corp. (NASDAQ:CHIO - News), which operates www.soobao.cn, one of China's leading insurance services web portals, reported today that net income in the second quarter of the current fiscal year increased 33% to $1,166,738 or $0.03 per share, from $752,905, or $0.02 per share, in same period last year. Net revenues increased approximately 3.0% to $3,656,145 from $3,580,301 in the second quarter of the current fiscal year.

Comparing six month results, the company reported that net income for the six months ending December 31, 2009 increased 33% from $3,272,794 to $4,287,355. The increase in net profit for the first six months over the comparable period came despite a $402,280 amortization expense for the company's software system recorded in the second quarter. Revenue for the six month period decreased approximately 3.0% from $9,033,655 to $8,783,556 with the company citing unfavorable market conditions for the lack of growth in the insurance agency segment. A copy of the complete second quarter results can be found on the company's website at www.china-insonline.com

In announcing the results of the company, CEO Ms. Betty Xu stated, "Our results for this quarterly period reflect our ability to continue to provide an array of high margin services to the insurance industry in China that consistently deliver profits to our shareholders. We will continue to focus on high margin opportunities with our online platform and continue focus on creating greater shareholder value going forward."

About China INSOnline Corp.

China INSOnline Corp., incorporated in Delaware and headquartered in Beijing, is a licensed insurance agency in The People's Republic of China. Representing major insurance underwriting firms in China, the Company offers online automobile, property and life insurance services through its industry web portal, www.soobao.cn. The Company's online platform also provides consumers, agents and insurance companies with online transaction capabilities, advertising, online inquiry, news circulation, statistical analysis and software development services. For more information, please visit www.china-insonline.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact:


 
Contact:
IR Department
Email: ir@soobao.cn
www.china-insonline.com

[Press Release] China INSOnline Corp. Fulfills Online Advertising Contract

02 Feb 2010 13:00:00 GMT

BEIJING -- (Marketwire) -- 02/02/10 -- China INSOnline Corporation (NASDAQ: CHIO), which operates www.soobao.cn, one of China's leading insurance services web portals, today announced that it has completed an agreement to provide banner and first recommendation advertising for Beijing EZ Auto Technology Co., Ltd. ("EZ Auto"), a Beijing based automotive company specializing in retail sales of automotive accessories.

The online advertising services for EZ Auto commenced on November 2, 2009, and continued through February 2, 2010. The value of the contract totaled 12,000,000 RMB (approx. $1,750,000) and was prepaid in advance.

In announcing the completion of the contract, China INSOnline President, William Han, commented: "EZ Auto is representative of one of several targeted industries we seek to solicit for online advertising contracts. We help retail brick-and-mortar establishments expand their advertising footprint in an online environment and maximize their advertising dollars. EZ Auto was very careful to select our company after considering many other websites."

China INSOnline Corp., incorporated in Delaware and headquartered in Beijing, is a rapidly growing licensed insurance agency in The People's Republic of China. Representing major insurance underwriting firms in China, the Company offers online automobile, property and life insurance services through its industry web portal, www.soobao.cn. The Company's online platform also provides consumers, agents and insurance companies with online transaction capabilities, advertising, online inquiry, news circulation, statistical analysis and software development services. For more information, please visit www.china-insonline.com.

Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "plan," "expect," "believe," "intend to," "changes," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties. Actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, acceptance of the company's products and technologies, and other risks described in the company's SEC reports and filings.

Contact:
IR Department
Email: ir@soobao.cn
www.china-insonline.com

Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com

Source: Marketwire (February 2, 2010 - 8:00 AM EST)

[Press Release] William Han Joins China INSOnline as President

19 Jan 2010 13:00:00 GMT

BEIJING--(Marketwire - 01/19/10) - China INSOnline Corp. (NASDAQ:CHIO - News), which operates www.soobao.cn, one of China's leading insurance services web portals, announced today the hiring of Mr. William Han to serve as president, a new position at the Company reporting directly to the Board. Sharing responsibilities for leading China INSOnline with CEO Ms. Betty Xu, Mr. Han's role will be to focus on new business development.

Mr. Han, a highly experienced senior manager with more than 25 years experience in senior government, IT and corporate roles -- most recently as Senior Manager of multi-industry CITIC Pacific (0267HK, market cap nearly $10 billion) and Executive Director and Executive Deputy Manager of its subsidiary, China UIP, Ltd, commented: "I am very pleased to be joining the talented and capable team at China INSOnline, which has been an Internet pioneer in China's young and developing insurance industry. I believe the Company is poised to build a much stronger business around its core insurance portal and I look forward to helping it grow and serving our shareholders."

China INSOnline Chairman, Mr. Warren Wang, commented, "Our Board is very confident that Mr. Han's extensive relationships and IT background, as well as his broad leadership experience, will help advance our business."

Prior to his most recent senior position at CITIC Pacific, Mr. Han founded Ewintop Technology Consultants in 2000, which focused on Chinese government projects. Early in his executive career he also served as General Manager of Sunray Technology, Ltd, specializing in software development. From 1984 through 1993, he served in HUANAN Computer Company that belonged to the State Ministry of Electronics, and was one of the largest computer manufacturers in China at the time. He acted as a Director in the Systems Department where he was involved in several significant central government computer projects. Mr. Han earned a Bachelors Degree from Huazhong University of Science and Technology in computer and automatic controls.

About China INSOnline Corp.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

Contact:


 
Contacts:
China INSOnline Corp.
Please address investor inquiries to:
ir@soobao.cn
Ken Donenfeld
DGI Investor Relations
Tel: 212-425-5700
Email: donfgroup@aol.com

[Press Release] China INSOnline Corp. Receives NASDAQ Notice of Noncompliance

08 Jan 2010 13:00:00 GMT

BEIJING--(Marketwire - 01/08/10) - China INSOnline Corp. (NASDAQ:CHIO - News) announced today that it received notification from The NASDAQ Stock Market, LLC ("NASDAQ") stating that it is no longer in compliance with the continued listing requirements for The NASDAQ Capital Market (Rule 5550(a)(2)) as a result of the closing bid price per share of the Company's common stock falling below the minimum trading price of $1.00 for thirty consecutive business days.

In accordance with applicable NASDAQ rules, the Company has a grace period of 180 calendar days to regain compliance with the minimum closing bid price requirement for continued listing. In order to regain compliance, the Company's closing bid price per share must be at or above $1.00 for at least ten consecutive business days before the expiration of the 180 day grace period. At the end of such grace period, the Company may be afforded an additional grace period of 180 days if it meets the other initial listing requirements of the NASDAQ Capital Market at that time. The Company intends to monitor the closing bid price of its common stock and will consider whether to implement any available options to regain compliance with the continued listing requirements.

About China INSOnline Corp.

China INSOnline Corp., incorporated in Delaware and headquartered in Beijing, is a licensed insurance agency in The People's Republic of China. Representing major insurance underwriting firms in China, the Company offers online automobile, property and life insurance services through its industry web portal, www.soobao.cn. The Company's online platform also provides consumers, agents and insurance companies with online transaction capabilities, advertising, online inquiry, news circulation, statistical analysis and software development services. For additional information, please visit www.china-insonline.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information or to visit the Company's website, click here: www.china-insonline.com

Contact:


 
Contacts:
Ken Donenfeld
DGI Investor Relations
Tel: 212-425-5700
Email: donfgroup@aol.com

[Press Release] China INSOnline Reports Net Revenues Advance 31% in Fiscal Year

14 Oct 2009 12:00:00 GMT

BEIJING--(Marketwire - 10/14/09) - For its fiscal year ended June 30, 2009, China INSOnline Corp. (NASDAQ:CHIO - News), a rapidly growing integrated licensed insurance services provider, which operates www.soobao.cn, one of China's leading insurance services web portals, reported that net revenues advanced 31% to $17,976,529 from $13,735,376 in prior year, while net income grew 10% to $9,177,601 compared with $8,336,357 in the prior fiscal year. Earnings per share for the year ended June 30, 2009 were $0.23 on 40,000,000 weighted average shares outstanding as compared with $0.25 on 33,946,666 weighted average shares in the prior fiscal year.

While the Company saw gains in each of its three reportable business segments, it cited the 51% increase in Software Development revenues as the main driver of fiscal year results, as this unit completed four major software development projects during the year, generating approximately $6.5 million in revenues. Additionally, the Company said revenues from Online Insurance Advertising -- representing 61% of total revenues during the year -- increased 19% to approximately $11.24 million as of June 20, 2009, while Insurance Agency revenues grew 65% to $510,332, following the Company's acquisition of Guang Hua Insurance Agency Company Limited ("GHIA") in October, 2008.

For the year ended June 30, 2009, the Company said its Cost of Sales increased 62% to 12% of net revenues, or approximately $3.13 million, primarily as a result of higher amortization and an increase in business tax. The Company also noted that during the most recent fiscal year, selling expenses increased to 2% of net revenues, primarily in connection with the growth in the operations of its insurance agency company. It also recorded growth related increases in advertising and general and administrative expenses.

The gross profit contribution of Software Development increased approximately $2.2 million, or 52%, to approximately $6.4 million during the most recent fiscal year, while Online Insurance Advertising gross profit increased approximately $1.45 million, or 16%, to approximately $10.33 million. The Insurance Agency generated a gross loss during the fiscal year of $225,047.

Ms. Betty Xu, CEO of China INSOnline, stated, "In 2009, China has become the largest Internet market in the world, with an estimated 400 million users by year end, and our insurance website www.soobao.cn is becoming an increasingly important part of the landscape. Growing Internet use makes our site an ideal media for insurance trade professionals and insurance companies for concentrated advertising to potential insurance customers. Our plan is to steadily increase our brand popularity in the industry, to seek regional channel agents for ads and introduce Soobao to first and second-level cities across the country with an aim toward national distribution of direct-marketing of insurance."

"To date," Ms. Xu said, "we also have provided website construction services to more than 7,340 insurance agents in the Beijing area and we fully expect to sustain our leading position by continuing to build our brand name."

She added, "As a result of our acquisition of GHIA in 2008, we also are qualified to do business as an insurance agent throughout all of China. While insurance services to date have been a small fraction of our revenues, we are looking to expand this business and see insurance sales commissions as a vital business for profit and growth."

Mr. Zhenyu Wang, Chairman of the Company, stated, "I believe we have been able to adjust the Company's strategies to reflect the ongoing changes in the economy. Property and life insurance offerings will continue to expand along with our focus on online auto insurance, which is operating in a strong growth environment as China's auto sales have resumed the double digit growth they experienced before 2008. While we believe our www.soobao.cn portal will continue to pave the way for future growth, we remain focused on supplementing online activity with a comprehensive chain insurance supermarket entity."

About China INSOnline Corp.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

�
                           CHINA INSONLINE CORP.
                            AND SUBSIDIARIES
                   CONSOLIDATED STATEMENTS OF INCOME
                        AND COMPREHENSIVE INCOME




                                                 Year Ended    Year Ended
                                               June 30, 2009  June 30, 2008
                                               -------------  -------------

REVENUES, NET                                  $  17,976,529  $  13,735,376

COST OF SALES                                      2,133,169      1,313,582
                                               -------------  -------------
GROSS PROFIT                                      15,843,360     12,421,794

Selling expenses                                     281,540        167,903
Advertising expenses                               1,912,725        962,160
General and administrative expenses                1,311,384        808,432
                                               -------------  -------------

INCOME FROM OPERATIONS                            12,337,711     10,483,299
                                               -------------  -------------

Interest income, net                                  24,718         19,904
                                               -------------  -------------

INCOME FROM OPERATIONS BEFORE INCOME TAXES        12,362,429     10,503,203

Income taxes                                       3,184,828      2,166,846
                                               -------------  -------------

NET INCOME                                         9,177,601      8,336,357

OTHER COMPREHENSIVE INCOME
Foreign currency translation (loss) gain             (13,398)       725,006

                                               -------------  -------------
COMPREHENSIVE INCOME                           $   9,164,203  $   9,061,363
                                               =============  =============

NET INCOME PER SHARE

   BASIC AND DILUTED                           $        0.23  $        0.25
                                               =============  =============

WEIGHTED AVERAGE SHARES OUTSTANDING

   BASIC AND DILUTED                              40,000,000     33,946,666
                                               =============  =============

Contact:


 
Contacts:
HM Yun
Chief Operating Officer
Email: man@soobao.cn
www.china-insonline.com
Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com

[Press Release] China Insonline Corporation Announces Corporate Update and New Corporate Website

01 Jul 2009 12:52:00 GMT

China Insonline Corporation (NASDAQ:CHIO - News) is pleased to provide the following Corporate Update and announce that the new corporate website is now operational at www.china-insonline.com.

China Insonline Corporation is aggressively positioning itself at the forefront of the growing Chinese economy by providing Internet & Media Services focused on the Insurance industry. According to recent numbers provided by REUTERS and the China Internet Network Information Center (CNNIC), the number of internet users jumped nearly 42 percent to 298 million by the end of 2008 from the previous year, thus giving China the world's largest internet population. The report also states that the rapid growth in China's Internet use can be tied to its swift economic gains and the government's push for the construction of telephone and broadband lines in the country's vast rural areas. China Insonline hopes to increase revenues by utilizing its services: Licensed Online Insurer (which includes: motor vehicle, property and life insurance), Advertising, Software Development and Website Development in China's developing Internet economy.

To take advantage of China's rapidly growing internet community China Insonline has equipped itself with a new website: www.china-insonline.com. We believe that the ability to offer products and services to customers and prospective clients twenty-four hours a day seven days a week will give China Insonline the market presence required to be a leader in the industry. Insurance Technology Blog, recently (April 10, 2009) published an article "Insurance Agency Websites A Growing Marketing Opportunity" that stated, "Ten years ago, less than fifty percent of the population used the Internet. Five years ago, users of the Internet consisted primarily of business professionals. Today, retirees are the largest growing demographic of Internet users. Considering this continual growth, agencies across the nation have begun to embrace the marketing potential the Internet has to offer."

"Insurance and Internet are both vigorous developing industries in China, especially after China joined the WTO. These two industries have seen unprecedented development in China. Soobao combines them organically, so that insurance consumers, insurance institutions can get services faster and more convenient, and at the same time, they can save significant time and costs. "It is our mission to let more and more people obtain benefits through our continuing efforts in insurance industry," stated Ms. Betty Xu, the President and CEO of China Insonline Corporation.

About China Insonline Corporation:

We are an Internet service and media company focusing on the PRC insurance industry. With localized websites targeting Greater China, the Company primarily provides, through Soobao, a network portal through its industry website www.soobao.cn to insurance companies, agents and consumers for advertising, online inquiry, news circulation, online transactions, statistic analysis and software development. The Company is also a licensed online motor vehicle, property and life insurance agent generating revenues through sales commissions from customers in the PRC.

Soobao was originally founded with goal of raising the national insurance consciousness and reducing the cost on national security in China by constructing and maintaining its network portal (www.soobao.cn) in order to integrate and optimize business flow during the course of insurance sales and related client services. From inception through the end of 2006, Soobao was primarily engaged in institutional preparation and prior-period business development.

Below is an outline of China Insonline's current service offerings:

ï¿½
-Insurance Agency
-Online Insurance Advertising
-Website Development
-Software Development

For further information regarding our current "Partners" please visit our website: www.china-insonline.com

Forward-Looking Statements:

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

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[Press Release] China INSOnline Reports Second Quarter and Six Month Revenues

18 Feb 2009 10:24:00 GMT

However, Net Income Declined in Both Periods Due to Costs of Successful 2008 Ad Campaign, Reduced Revenues From Software Segment and Decision to Post Charge for Bad Debt

BEIJING -- (Marketwire) -- 02/18/09 -- China INSOnline Corp. (NASDAQ: CHIO), a rapidly growing integrated licensed insurance services provider, which operates www.soobao.cn, one of China's leading insurance services web portals, today reported second quarter and six month results for the periods ending December 31, 2008.

According to the Company, revenues in the second quarter this year grew 31% from $2,954,064 in the same period in the last fiscal year to $3,876,754, primarily as a result of a more than doubling of revenues from online insurance advertising sales in the quarter to $3,565,037 from $1,751,511 in the second quarter last year. The Company said that this growth was spurred by the growth in insurance teams and agents that placed ads in the period, resulting in 186 ad contracts being in effect compared with 134 contracts in the second quarter of the prior fiscal year.

The Company also saw a small (8%) but significant contribution to revenues in the period from its insurance agency operations following the acquisition of the GHIA Company in October 2008, with revenues in the quarter of about $297,000 compared with $57,685 in the same quarter last year.

The Company's software development operations, however, contributed $14,649 to this year's second quarter revenues compared with $1,144,868 in the same period last year, as it was engaged on only one small project during the period.

While gross profits in the second quarter ended December 31, 2008 increased 17% to $3,225,744, the Company said net income in the period declined 64% to $788,870 or $0.02 per share, as compared with $2,205,567 or $0.08 per share, in the prior year's second quarter. The Company said EPS figures reflect an increase in weighted average shares outstanding from 28,394,270 at December 31, 2007 to 40,000,000 as of December 31, 2008.

In addition to the small contribution to net income from software operations compared to the prior quarter, the Company cited the following as key reasons for the decline in net income in the quarter:

--  In the quarter, the Company incurred a $991,134 cost for advertising
    expenses.  This expense relates to the successful campaign launched in May
    2008 to build awareness of the Company and its industry leading insurance
    portal.  Though costs of the campaign were incurred over several months,
    the cost was recorded in the second quarter on completion of the campaign.
    In last year's second quarter there was no advertising expense.
--  In view of the current economic environment, in the second quarter
    this year the Company created a bad debt provision of $646,740 for
    customers affected by the global financial crisis.

Six Month Results

For the six months ended December 31, 2008 the Company said revenues grew 77% to $9,397,053, compared with revenues of $5,300,753 in the same period last year. This reflected a significant contribution from its software segment in the first quarter of 2008 and a $7,098,892 contribution through the first six months of the year from online insurance advertising.

In the current year's first half the Company said gross profits grew 64% compared to the same period last year. Net income in the first half this year, however, was down approximately 20% compared to the same period last year, reaching $3,245,270 or $0.08 per share, compared with $4,038,203 or $0.16 per share in the first half of the prior fiscal year. (EPS figures are computed on the basis of 40,000,000 average weighted shares outstanding in the first half of the year ended December 31, 2008 compared with 26,712,035 average weighted shares outstanding in the period ended December 31, 2007).

The Company said these results were mainly a consequence of the same factors that reduced net income in the second quarter. Specifically, the advertising expense recorded by the Company in the second quarter, the reduced contribution in the second quarter from the software segment, and a provision for bad debt of $932,338 in the first six months of 2008. Additionally, in the first half this year, there was an 80% increase in income taxes compared with the prior year first half.

Continuing Confidence

Mrs. Betty Xu, Chief Executive Officer of the Company, stated: "While we were not happy to report a decline in net income, clearly the Company made substantial progress in the quarter. This was reflected, in particular, in our strong online advertising sales gains as well as in the underlying reason for this, namely, the continued strong growth in insurance agency groups from which ads were placed."

She added, "While the current environment may have some impact on our business, at this time it would be difficult to quantify. However, we remain very confident in our long term growth model."

Mr. Zhenyu Wang, Chairman of the Board of China INSOnline Corp., added, "We believe the decision to post a substantial bad debt provision was appropriate in this environment and will take all steps necessary to collect past due amounts. Meanwhile, we continue to see growth in China, and a population that is vastly underinsured compared to the rest of the world, which creates an outstanding growth opportunity for us."

About China INSOnline Corp.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, market competition, pricing and new technology; effectiveness of marketing; changes in laws and regulations; risks inherent in our operations and other factors such as those discussed in the Company's reports filed with the Securities and Exchange Commission. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. No securities regulatory authority has either approved or disapproved the contents of this news release.

                                 TABLES

                         China INSOnline Corp.

                         Results of Operations

  For the Three Months Ended December 31, 2008 Compared To Three Months
                        Ended December 31, 2007

Our operating results are presented on a condensed consolidated basis for the three months ended December 31, 2008, as compared to the three months ended December 31, 2007.

The following table sets forth the amounts and the percentage relationship to revenues of certain items in our condensed consolidated statements of income for the three months ended December 31, 2008 and 2007.

                             2008             2007           Variance
                       ---------------  ---------------  -----------------

REVENUES               $ 3,876,754 108% $ 2,954,064 102% $    922,690   31%
DISCOUNTS                  296,453   8%      61,779   2%      234,674  380%
                       -----------      -----------      ------------
REVENUES, NET            3,580,301 100%   2,892,285 100%      688,016   24%
COST OF SALES              354,557  10%     129,729   4%      224,828  173%
                       -----------      -----------      ------------
GROSS PROFIT             3,225,744  90%   2,762,556  96%      463,188   17%
Selling expenses            81,619   2%      35,227   1%       46,392  132%
Advertising expenses       991,134  28%           0   0%      991,134  100%
General &
 administrative
 expenses                  348,978  10%     136,864   5%      212,114  155%
Bad debts                  646,740  18%           0   0%      646,740  100%
                       -----------      -----------      ------------
OPERATING INCOME         1,157,273  32%   2,590,465  90%   (1,433,192)(55)%
Financial income, net       22,932   1%       5,204   0%       17,728  341%
                       -----------      -----------      ------------
INCOME BEFORE TAXES      1,180,205  33%   2,595,669  90%   (1,415,464)(55)%
Income tax expense         391,335  11%     390,102  13%        1,233    0%
                       -----------      -----------      ------------
NET INCOME             $   788,870  22% $ 2,205,567  76% $ (1,416,697)(64)%
                       ===========      ===========      ============



                                China INSOnline Corp.

                 For the Six Months Ended December 31, 2008 Compared To
                           Six Months Ended December 31, 2007

Our operating results are presented on a condensed consolidated basis for the six months ended December 31, 2008, as compared to the six months ended December 31, 2007.

The following table sets forth the amounts and the percentage relationship to revenues of certain items in our condensed consolidated statements of income for the six months ended December 31, 2008 and 2007.

                            2008             2007            Variance
                      ---------------  ---------------  -----------------

REVENUES              $9,397,053  104% $5,300,753  101% $ 4,096,300    77%
DISCOUNTS                363,388    4%     61,779    1%     301,609   488%
                      ----------       ----------       -----------
REVENUES, NET          9,033,665  100%  5,238,974  100%   3,794,691    72%
COST OF SALES            790,413    9%    222,833    4%     567,580   255%
                      ----------       ----------       -----------
GROSS PROFIT           8,243,252   91%  5,016,141   96%   3,227,111    64%
Selling expenses         165,893    2%     55,943    1%     109,950   197%
Advertising expenses   1,901,068   21%          0    0%   1,901,068   100%
General &
 administrative
 expenses                738,371    8%    214,962    4%     523,409   243%
Bad debts                932,338   10%          0    0%     932,338   100%
                      ----------       ----------       -----------
OPERATING INCOME       4,505,582   50%  4,745,236   91%    (239,654)  (5)%
Financial income, net     22,818    0%      6,475    0%      16,343   252%
                      ----------       ----------       -----------
INCOME BEFORE TAXES    4,528,400   50%  4,751,711   91%    (223,311)  (5)%
Income tax expense     1,283,130   14%    713,508   14%     569,622    80%
                      ----------       ----------       -----------
NET INCOME            $3,245,270   36% $4,038,203   77% $  (792,933) (20)%
                      ==========       ==========       ===========

Contacts:

Ms. Liya Wu
China INSOnline Corp.
Tel: 646-573-7654

Ken Donenfeld
DGI Investor Relations
Tel: 212-425-5700
Email: donfgroup@aol.com

Source: Marketwire (February 18, 2009 - 11:21 AM EST)

[Broadcast] Welcome to Chinasecurities

07 Apr 2009 15:34:24 GMT

[Press Release] China INSOnline Corp. Reports Strong First Quarter Growth in Revenues and Profit

19 Nov 2008 07:00:00 GMT

Online Advertising Sales on Its Leading Insurance Portal More Than Doubled as Did Software Development Revenues

BEIJING -- (Marketwire) -- 11/19/08 -- China INSOnline Corp. (NASDAQ: CHIO), a rapidly growing integrated licensed insurance services provider, which operates www.soobao.cn, one of China's leading insurance services web portals, reported today that revenues in its first fiscal quarter ended September 30, 2008 more than doubled compared to the same period last year, while net income in the period grew approximately 45% compared to last year's first quarter.

According to the Company, net revenues in its first fiscal quarter ended September 30, 2008 reached $5,538,639, a 136% increase over revenues in last year's first quarter of $2,346,886, while net income in this year's first quarter grew to $2,462,064 from $1,832,636 in the same period last year.

The Company attributed these sharp gains to the continued rapid growth in its online advertising revenues, which accounted for about 64% of total revenue growth, while a little more than one third of the revenue gain came from continued growth in China INSOnline's software development segment. A small (about 1%) contribution also was made by insurance agency services, its newest business sector.

The Company attributed the increase in online insurance advertising -- which grew approximately 165% in the quarter -- to substantial growth in the number of insurance agents who placed ads on the website. Specifically, 87 teams of insurance agents placed ads in the September 30, 2008 quarter, compared with 14 teams in the same period last year. Further, individual insurance agents on these teams completed 323 effective contracts in the first quarter of 2008 compared with 41 effective contracts in the first quarter last year.

At the same time, the Company said that Gross Profit in the first quarter increased 123% to $5,033,978 despite the fact that Cost of Sales in the period -- reflecting both the enlarged scale of operations and an increased Business Tax for inter-company operations -- grew from 4% of net revenues in last year's first quarter to 8% for the quarter ended September 30, 2008.

The Company also saw increases in General and Administrative Expenses and Selling Expenses, also reflecting the Company's rapid expansion and, in the latter case, increased spending for branding and promotion of the business and its www.soobao.cn insurance web portal.

Strong Balance Sheet

As of September 30, 2008, the Company reported a 27% increase in cash and cash equivalents to $8,137,156 and also said it had no debt financing with any bank or other financial institution. Consequently, all of its capital continues to be equity capital.

Outlook

Chief Executive Officer of China INSOnline Corp., Mrs. Betty Xu, commented, "These strong results reflect the growing awareness of www.soobao.cn and the value it provides to participants in China's still very young insurance industry."

She added, "Our strategy remains linked to the steady expansion of our insurance web portal throughout Greater China, by building our relationships with insurance agents and companies, coupled with the addition and development of new services that can be provided via the internet. We expect we will create a nationwide insurance supermarket which will be combined with the internet to allow us to strengthen our industry leadership and continue our growth."

Mr. Zhenyu Wang, Chairman of the Board, stated, "We continue to make the job of insurance agents an easier one, while providing them with a rapidly expanding marketing platform that is seeing higher usage in line with the general e-commerce trends throughout China."

About China INSOnline Corp.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

                        China INSOnline Corporation
  For the Three Months Ended September 30, 2008 Compared To Three Months
                         Ended September 30, 2007

                          2008              2007            Variance
                     ---------------  ---------------  ------------------
REVENUES             $5,538,639  101%  $2,346,886 100% $3,191,753    136%
DISCOUNT ALLOWED         67,190    1%         197   0%     66,993  34007%
                     ----------        ----------      ----------
REVENUES, NET         5,471,449  100%   2,346,689 100%  3,124,760    133%
COST OF SALES           437,471    8%      93,104   4%    344,367    370%
                     ----------        ----------      ----------
GROSS PROFIT          5,033,978   92%  2,253,585   96%  2,780,393    123%
General &
 administrative
 expenses               678,333   12%     78,098    3%    600,235    769%
Selling expenses        999,364   18%     20,716    1%    978,648   4724%
                     ----------       ----------       ----------
OPERATING INCOME      3,356,281   61%  2,154,771   92%  1,201,510     56%
Financial (expense)
 income, net                (42)   0%      1,271    0%     (1,313)  (103)%
                     ----------       ----------       ----------
INCOME BEFORE TAXES   3,356,239   61%  2,156,042   92%  1,200,197     56%
Income tax              894,175   16%    323,406   14%    570,769    176%
                     ----------       ----------      ----------
NET INCOME           $2,462,064   45% $1,832,636   78% $  629,428     34%
                     ==========       ==========       ==========

Contacts:

Ms. Liya Wu
China InsOnline Corp.
Tel: 646-573-7654

Ken Donenfeld
DGI Investor Relations
Tel: 212-425-5700
Email: donfgroup@aol.com

Source: Marketwire (November 19, 2008 - 8:00 AM EST)

[Press Release] China INSOnline Corp.'s Subsidiary Acquires Insurance Agency Company

10 Nov 2008 07:10:00 GMT

BEIJING -- (Marketwire) -- 11/10/08 -- China INSOnline Corp. (NASDAQ: CHIO) (the "Company"), an integrated licensed insurance services provider operating a leading industry web portal www.soobao.cn in the People's Republic of China, announced that its wholly owned subsidiary, Rise and Grow Limited, and its variable interest entity, ZYTX Technology Co., Ltd acquired an insurance agency company in China to promote and enlarge the insurance business under our portal www.soobao.cn in a consideration of RMB40 million ($5,828,062) in cash. For details, please see the Company's Form 8-K filed with the SEC on November 3, 2008.

Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp., commented, "We are very committed to becoming China's top insurance portal. This acquisition provides us with more resources and insurance products to serve our customers instantly."

Mr. Hon Man Yun, COO and Treasurer, noted, "While we are focused on optimizing the effectiveness of our efforts in China, we are also looking for opportunities to accomplish our plans for growth."

Mr. Zhenyu Wang, Chairman of the Board, elaborated, "The completion of this acquisition provides further evidence that the Company is moving forward with our plans for growth."

About China INSOnline Corp.:

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

No securities regulatory authority has either approved or disapproved the contents of this news release.

Contact:

China INSOnline Corp.
Hon Man YUN
Chief Operating Officer
man@soobao.cn

Source: Marketwire (November 10, 2008 - 8:10 AM EST)

[Press Release] China INSOnline Corp. Reports '08 Fiscal Year Revenues Grew 532%

30 Sep 2008 06:30:00 GMT

As Company Continues to Build and Promote Its Online Insurance Portal, Internet Advertising Revenue and Insurance Agents Served Have Grown Sharply

BEIJING -- (Marketwire) -- 09/30/08 -- China INSOnline Corp. (NASDAQ: CHIO), a rapidly growing integrated licensed insurance services provider, which operates www.soobao.cn, one of China's leading insurance services web portals, and commenced trading on NASDAQ in July 2008, today announced that it achieved substantial gains in revenues and net income for its fiscal year ended June 30, 2008.

According to the Company, revenues for the fiscal year ended June 30, 2008, reached $14,040,062 compared with $2,223,258 in the same period last year, while fiscal year net income grew to $8,336,357 compared with $1,778,251 in the year ended June 20, 2007. EPS increased 386% to $0.24 for the year ended June 30, 2008 from $0.07 for the year ended June 30, 2007.

The Company said that these substantial gains came primarily from a sharp increase in online advertising revenues on its www.sobao.cn insurance web portal which provides a comprehensive community forum for Chinese consumers, insurance agents and insurance companies. With channels for motor vehicles, life insurance and a third under development for property insurance, the site has attracted advertising from a growing number of agents, with revenues growing 1,151% in fiscal '08 to approximately $9.43 million, accounting for approximately 67% of the Company's total revenues in the fiscal year. The Company also said that during the year it provided services to more than 7, 670 insurance agents, primarily in Beijing -- and 86 insurance agent teams -- up strongly from the prior year.

During the fiscal year the Company said it also completed four key software development projects which were the principal contributors to the 193% increase achieved in revenues from this business segment compared to the prior year. For the year ended June 30, 2008, software development revenues were $4,298,739, or approximately 31% of total revenues in the period.

The Company also was pleased to report that its newest business sector, insurance agency services, launched in September 2007, made a positive contribution to total revenues in fiscal '08 of approximately $309,000.

Costs in Line With Growth

The Company noted that while gross profit grew nearly 479% during the fiscal year, due to the large increase in revenues and scale of operations, the consolidated cost of sales grew from 3.48% of net revenues in fiscal year 2007 to 9.56% of the higher revenues reported in fiscal year '08. The Company also noted that beginning in May 2008 it increased expenditures for advertising and promotion of the business and its web portal, and also saw increased general and administrative costs, which grew to approximately 5.9% of total revenues in fiscal year '08 from 1.94% of revenues in the prior fiscal year. In the current year, the Company said it is planning to spend an additional $1.3 million to update its computer equipment.

Balance Sheet

The Company said that as of June 30, 2008, all of its capital is equity capital and it does not have bank financing with any bank or financial institution. Further, the Company reported cash and cash equivalents as of the same date of $4,562,222.

Going Forward

Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp., stated, "We are extremely pleased with the strong reception to www.soobao.cn and are very confident of the growing role it will play in China's still infant insurance industry, particularly when coupled with the continued rapid growth we are seeing in internet usage and e-commerce in China."

She continued, "Our immediate plans are to continue to focus on broader publicizing in traditional and new media of our brand and adding regional channel agents for advertising, with a goal of making our site the largest network portal in the Chinese insurance industry and the first choice for agents and, increasingly, insurance companies to advertise in."

"At the same time," she added, "we are focused on gradually introducing Soobao to cities across China and creating a nationwide insurance supermarket combined with the power of the internet."

Mr. Zhenyu Wang, Chairman of the Board, added, "The underlying strengths that will continue to serve us well are our strong technology/internet capabilities combined with our experience in the insurance industry. Already, we have created and/or introduced to our insurance agent audience advanced business applications that make their transactions with increasingly sophisticated consumers easier and more transparent, as well as provide them with a significant marketing platform. Currently Soobao is the only site for insurance agency professionals in China."

He added, "Going forward we aim to further build on our relationships with the leading insurance companies, not only to attract their advertising, but to seek and provide the best available insurance products for our planned national market network."

About China INSOnline Corp.:

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

                                -Tables Attached-

                                 China INSOnline

                        ------------------------- -------------------------
                                  2008                      2007
                        ------------------------- -------------------------

REVENUES                $ 14,040,062      102.22% $  2,223,258      100.00%
DISCOUNT ALLOWED             304,686        2.22%            0         N/A
                        ------------              ------------
REVENUES, NET             13,735,376      100.00%    2,223,258      100.00%
COST OF SALES              1,313,582        9.56%       77,346        3.48%
                        ------------              ------------
GROSS PROFIT              12,421,794       90.44%    2,145,912       96.52%
General &
 administrative
 expenses                    808,432        5.89%       43,150        1.94%
Selling expenses           1,130,063        8.23%       10,991        0.49%
                        ------------              ------------
OPERATING INCOME          10,483,299       76.32%    2,091,771       94.09%
Interest income, net          19,904        0.14%          289        0.01%
                        ------------              ------------
INCOME BEFORE TAXES       10,503,203       76.47%    2,092,060       94.10%
Income tax                 2,166,846       15.78%      313,809       14.11%
                        ------------              ------------
NET INCOME              $  8,336,357       60.69% $  1,778,251       79.98%
                        ============              ============



                        -------------------------
                                Variance
                        -------------------------

REVENUES                $ 11,816,804      531.51%
DISCOUNT ALLOWED             304,686         N/A
                        ------------
REVENUES, NET             11,512,118      517.80%
COST OF SALES              1,236,236     1598.32%
                        ------------
GROSS PROFIT              10,275,882      478.86%
General &
 administrative
 expenses                    765,282     1773.54%
Selling expenses           1,119,072    10181.71%
                        ------------
OPERATING INCOME           8,391,528      401.17%
Interest income, net          19,615     6787.20%
                        ------------
INCOME BEFORE TAXES        8,411,143      402.05%
Income tax                 1,853,037      590.50%
                        ------------
NET INCOME              $  6,558,106      368.80%
                        ============

Contact:

Ken Donenfeld
DGI Investor Relations
donfgroup@aol.com
kdonenfeld@dgiir.com
Ph: (212) 425-5700
Fax: (212) 425-6951

Source: Marketwire (September 30, 2008 - 8:30 AM EDT)

[Press Release] China INSOnline Initiates a Nationwide Advertising Campaign to Promote website

18 Jul 2008 07:26:00 GMT

China INSOnline Corp. (NASDAQ: CHIO) (the "Company"), an integrated licensed insurance services provider operating a leading industry web portal www.soobao.cn in the People's Republic of China, announced that it recently commenced a comprehensive program to promote its www.soobao.cn brand name in national campaigns delivered through television, radio, print and other media outlets in China. The Company is focused on growing its automobile and personal insurance business among consumers and to increase the number of various agencies that utilize its portal.

Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp., commented, "We are very committed to becoming China's top insurance portal. We plan to make a significant investment over the coming twelve months in promotion of our brand name and portal directly to our customers."

Mr. Hon Man Yun, COO and Treasurer, noted, "While we are focused on optimizing the effectiveness of our publicity efforts in China, we also had an opportunity to share our accomplishments and plans for growth with the investment community in New York City. We were very well received at the Collins Stewart 4th Annual Growth Conference, where we presented on July 8th. The webcast of the presentation can be accessed at http://www.wsw.com/webcast/clst/chio/."

Mr. Zhenyu Wang, Chairman of the Board, elaborated, "We were also delighted to have been invited by the FOX Business Channel to an interview featuring our COO and Treasurer Hon Man Yun, which was aired on the evening prior to the conference on July 7th."

About China INSOnline Corp.:

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company Disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

No securities regulatory authority has either approved or disapproved the contents of this news release.

Contact:

Alan Stone & Company LLC
Alan Stone
Managing Director
(212) 521-4102
astone@alanstone.com
www.AlanStone.com

John Keffalas
Senior Associate
(310) 444-3940

Source: Marketwire (July 18, 2008 - 9:26 AM EDT)

[Press Release] China INSOnline Corp. Begins Trading on the NASDAQ Stock Market

07 Jul 2008 08:00:00 GMT

China INSOnline Corp. (NASDAQ: CHIO) (the "Company"), an integrated licensed insurance services provider operating a leading industry web portal, www.soobao.cn, in the People's Republic of China, announced today that its shares commenced trading on the NASDAQ Capital Market® on the morning of July 1st under an unchanged symbol, "CHIO."

Mrs. Betty Xu, Chief Executive Officer of China INSOnline Corp., commented, "We are delighted to begin trading on the NASDAQ Stock Market, which is the leader in global stock markets, and with a prestigious family of listed companies around the world. We believe this new listing will help us achieve much better shareholder values in the long-run and enhance our future capital market objectives."

Mr. Zhenyu Wang, Chairman of the Board, elaborated, "The NASDAQ listing will enable new shareholders to better understand and appreciate our Company's current value, given its great transparency and liquidity. We are optimistic about our future, given our strong technology platform, our niche markets in automobile and personal insurance, and position as one of the very few online insurance agencies in China, given the first-to-market advantages we hold."

Mr. Hon Man Yun, COO and Treasurer, noted: "Management is looking forward to visiting New York very soon, to present at various investment conferences in the next few months, and to meet with institutional investors, analysts, money mangers and registered brokers."

About China INSOnline Corp.:

About NASDAQ®:

NASDAQ is the largest U.S. electronic stock market listing approximately 3,200 companies trading more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media, biotechnology and other sectors. For more information about NASDAQ, please visit www.nasdaq.com.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:

No securities regulatory authority has either approved or disapproved the contents of this news release.

Contact:

Alan Stone & Company LLC
Alan Stone
Managing Director
(212) 521-4102
astone@alanstone.com
www.AlanStone.com

John Keffalas
Senior Associate
(310) 444-3940

Source: Marketwire (July 7, 2008 - 10:00 AM EDT)