BIZ Outsourzing, Inc. Acquires Mobile Game
Developer In China; Targeting US$ 150 Million Market
Thu, Apr 12, 2007
BIZ Outsourzing, Inc. (''BIZO'') today announced
that it has acquired the business operations of
Guangzhou Yin Han Technology Company Limited ('YinHan'),
a mobile game developer and distributor incorporated
in Guangzhou, Guangdong Province, China.
Incorporated in 2001, YinHan is a leading mobile
games developer in China. Among its game library
are the popular Role-playing Game (RPG) 'Journey
to the West' and 'Essence of Swords', both distributed
over the Wireless Application Protocol (WAP) platform
of China Mobile network; and other game types that
ride on a variety of mobile phone services platforms
including, kJava, Short Messaging Service (SMS)
and Interactive Voice Response (IVR) platform.
Strategically headquartered in Guangzhou City of
China, YinHan has maintained solid relationships
with local and national mobile operators including
China Mobile Guangdong branch. Some of its games
are distributed through a unique instant messaging
web-based community QQ ( http://www.QQ.com ) operated
by Shenzhen Tencent. In the light of the coming
3G implementation in China, YinHan also plans to
provide kJava games over the 3G mobile network.
The accumulated subscribers of YinHan games have
reached 4 million in Guangdong Province as of December
2006; among which 1.36 million are in Guangzhou
City. According to ResearchInChina, the total number
of mobile games subscribers in China will reach
23.11 million in China, up by 62.9% over the year
of 2005. China's mobile game market turnover shall
exceed RMB 3.1 billion (USD 387 million) in fiscal
2008, an increase of 158% from RMB 1.2 billion yuan
(USD 150 million) in fiscal 2005.
The share exchange agreement provided for the purchase
by BIZO of all the outstanding shares of common
stock of Free World International Limited (''Free
World''), a company incorporated under the laws
of the British Virgin Islands, through the exchange
for 40,000,000 newly issued shares of common stock
of BIZO. All the outstanding shares of capital stock
of YinHan are held in trust by Free World and, hence,
YinHan becomes a wholly-owned operating subsidiary
of BIZO.
Milestones of Yin Han
2001 Incorporated in Guangzhou, Guangdong Province,
China
2002 Launched Role-playing Game ('RPG') 'League
of Water Margin'
over the WAP Platform; jointly developed with other
7 partners
including Shenzhen China Motion
2003 Launched the game 'Journey to the West in Tang
Dynasty' over the
SMS platform; jointly developed with Tencent (''Tencent'')
( http://www.tencent.com ) and distributed through
QQ, the
instant messaging service platform operated by Tencent.
2004 Launched the game 'The Roaring Proud Wanderer'
over the SMS
platform; jointly developed with Guangzhou AuChuang
Information
Technology Company, Limited.
2005 Launched RPG 'Journey to the West' over the
WAP platform; the
first game solely developed by Yin Han and distributed
through
QQ, the instant messaging service platform operated
by Tencent.
2006 Launched RPG 'Essence of Swords II' over the
WAP platform
RPG 'Journey to the West' received ''2006 The Best
WAP Mobile
Game Award'' at the Third China Mobile Games Awards
organized by
Downjoy.com (wap.downjoy.com), a well-recognized
mobile games
portal in China
About BIZ Outsourzing, Inc.
BIZ Outsourzing, Inc. (BIZO) 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, BIZ Outsourzing, 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. BIZ Outsourzing,
Inc. also plans to distribute mobile games from
third parties and to develop wireless applications
across the mobile platform.
For more information please visit BIZ Outsourzing,
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
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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 BIZ Outsourzing, 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.
BIZ Outsourzing, 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