ChinaNet Online Holdings Inc. (CNET) rated Buy with price target $7 by Ladenburg Thalmann
ChinaNet Online Holdings Inc. (CNET)
rated Buy with price target $7 by Ladenburg Thalmann.
ChinaNet Online Holdings, Inc., formerly Emazing Interactive, Inc., operates as an online gaming facilitator through its subsidiary, Emazing Gaming, LLC. The Company specializes in providing marketing awareness of products and services of its customers to millions of online gaming players and enthusiasts. Its business development activities have primarily been concentrated in Web server access and company branding in hosting Web-based e-games. The Company generates revenues through its partnerships, sponsors and Web server access. It also generates revenue through renting game servers for players to play a computer game of their choice. The Company rents game servers for over 32 different games, the most popular being Half Life's Counter Strike and variations of this game. It rents by the hour, day or month. In June 2009, the Company acquired China Net Online Media Group Limited (China Net) through share exchange.
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