Corporations' need for communications drives PRN Asia's expansion

Despite disastrous worldwide economic conditions, PR Newswire (PRN) Asia, formerly known as Xinhua PR Newswire, now lists more than 700 companies and organizations as users of its information distribution services in Chinese mainland.

Some 400 of the total number of users signed or renewed year long "package" agreements during 2008 and early 2009, a retention rate of 95 percent.

"Our performance on the part of our customers in 2008 was the best since we began operations in China in 2003," said John M. Williams, senior executive vice president of PR Newswire Asia.