Mobile Entertainment, Inc. Optimistic with
the Growth of Gamers Number in Q2
GUANGZHOU, China, Aug. 10 /Xinhua-PRNewswire-FirstCall/
-- Mobile Entertainment, Inc. (Other OTC: MBEI.PK)
('MBI') today announced the number of mobile game
subscribers in the second quarter ended June 30,
2007 is expected to increase 25% from the same period
of last year and 2% from the first quarter of 2007.
MBI develops and delivers mobile games in China
through its wholly-owned operating subsidiary Guangzhou
Yin Han Technology Company Ltd. ('YinHan'). The
number of game subscribers in the first quarter
ended March 31, 2007 increased by 23.34% from the
same period of 2006.
The 23.34% growth in the first quarter is supported
by the resource advantages of YinHan. Flexible service
pattern, entertaining games featured in higher reliability
and creativity and improved latest market information
all provide YinHan with rising confidence in continuous
and steady growth in the second quarter, expecting
to target at 25%.
Currently YinHan focuses on WAP handset games development.
As a typically promising industry in China, mobile
handset games market develop amazingly along with
WAP handset games' striking attention drawing. According
to the ResearchInChina, the market value of WAP
games shared RMB 45 million (US $5.8 million) in
the year of 2005. It is estimated that the market
scale of WAP games will be RMB 800 million (US $1
billion) in 2006. Good market condition encourages
YinHan's willing in sufficient profits achievement
to finance the Company's growth.
About Mobile Entertainment, Inc.
Mobile Entertainment, Inc. ('MBI') is a developer
of interactive mobile games and other wireless applications
delivered over a variety of mobile phone platforms
in China including SMS, WAP over GPRS, kJava and/or
BREW. Strategically located in Guangzhou City of
the People's Republic of China, Mobile Entertainment,
Inc.'s wholly-owned operating subsidiary, Guangzhou
Yin Han Technology Company Limited (www.egege.com.cn),
develops, markets and sells the mobile games to
local mobile network operators including China Mobile.
Mobile Entertainment, Inc. also plans to distribute
mobile games from third parties and to develop wireless
applications across the mobile platform.
For more information please visit Mobile Entertainment,
Inc.'s corporate website (www.ChinaGameOne.com)
Safe Harbor
A number of statements referenced in this Press
Release, and in our website, are forward-looking
statements, which are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation
Reform Act of 1995, and within the meaning of Section
27A of the Securities Act of 1933 and Section 21B
of the Exchange Act of 1934. Any statements that
express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives,
and goals, assumption of future events or performance
are not statements of historical fact and may be
'forward-looking statements.' Forward looking statements
are based on expectations, estimates and projections
at the time the statements are made that involve
a number of risks and uncertainties which could
cause actual results or events to differ materially
from those presently anticipated. Forward-looking
statements in this Release may be identified through
the use of words such as 'expects,' 'will,' 'anticipates,'
'estimates,' 'believes,' or statements indicating
certain actions 'may,' 'could,' or 'might' occur.
Such statements reflect the current views of Mobile
Entertainment, Inc. with respect to future events
and are subject to certain assumptions, including
those described in this release. These forward-looking
statements involve a number of risks and uncertainties,
including the timely development and market acceptance
of products, services, and technologies, competitive
market conditions, successful integration of acquisitions,
the ability to secure additional sources of financing,
the ability to reduce operating expenses, and other
factors. The actual results that the Company achieves
may differ materially from any forward-looking statements
due to such risks and uncertainties.
Mobile Entertainment, Inc. does not undertake any
responsibility to update the 'forward-looking' statements
contained in this news release.
Contact:
Investor Relations Officer
Email: ir@ChinaGameOne.com
Tel: 8620-8556 8700
