China Insonline Corp
Welcome to Chinasecurities
February 12, 2009
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.
October 2006, Soobao was registered
December 2006, company got telecommunacation and information services business license
April 2007, company passed hi-tech company authentication
June 2007, company got insurance subsidiary agent license.
July 2007, company vehicle insurance agent business was carried out totally.
November 2008, 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 the year's first quarter grew to $2,462,064 from $1,832,636 in the same period last year.
