Mobile Entertainment, Inc. Hooks Over 4
Million
Cell Phone Game Subscribers in 2007
GUANGZHOU, China, Feb. 19 /Xinhua-PRNewswire/
-- Mobile Entertainment, Inc. (Pink Sheets: MBEI)
(¡°Mobile Entertainment¡±) today announced it has
accumulated more than 4.7 million cell phone game
subscribers throughout 2007.
The number of cell phone game subscribers of Mobile
Entertainment increased 213% from 1.52 million in
Jan 2007 to 4.75 million subscribers in Dec 2007.
This growth at an average monthly rate of 11% has
significantly increased Mobile Entertainment¡¯s penetration
and market share of the overall cell phone game
market in China.
Table 1: Monthly Statistics of Mobile Entertainment
Cell Phone Game
Subscribers 2007
Jan¡¡ ¡¡Feb¡¡ ¡¡Mar ¡¡¡¡Apr ¡¡¡¡May ¡¡¡¡Jun ¡¡¡¡Jul ¡¡¡¡Aug
¡¡¡¡Sep ¡¡¡¡Oct ¡¡¡¡Nov ¡¡Dec
1,518 ¡¡1,676 ¡¡1,871 ¡¡2,245 ¡¡2,591 ¡¡ 2,831 ¡¡3,034
¡¡3,323 ¡¡3,823 ¡¡4,088 ¡¡4,454 ¡¡4,748
(Source: MBEI game server; Unit: 1,000)
Mobile Entertainment distributed its cell phone
games through distributors on the China Mobile network
on a revenue sharing model. In Q3 2007 the number
of cell phone game distributors increased from one
to three. As of Dec 2007, two cell phone games were
carried by the three distributors, which in turn
make available them to the game subscribers who
are using China Mobile and China Unicom cell phone
networks.
China Mobile is the mobile phone network that has
the largest user base in the world, totaling 369
million subscribers as of Dec 31, 2007.
¡°It is very encouraging to achieve such a good performance
in 2007. We will develop more games to maintain
the momentum of this subscriber growth in 2008,¡±
said Mr. Conrad Yip, President of Mobile Entertainment,
Inc.
About Mobile Entertainment, Inc.
Mobile Entertainment, Inc. 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 ( http://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 http://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.
For more information, please contact:
Investor Relations Officer
Tel: +86-20-8556-8700
Email: ir@ChinaGameOne.com
SOURCE Mobile Entertainment, Inc.