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Subaye Provides Update on 'DAYOUCUN'

2009-12-16 20:17 1653

GUANGZHOU CITY, China, Dec. 16 /PRNewswire-Asia/ -- Subaye, Inc. (OTC Bulletin Board: SBAY)("Subaye" or the "Company") a leading video advertising and entertainment media company in China, announced new details today regarding "Dayoucun." Dayoucun is now scheduled to be released in Taiwan and Hong Kong, in addition to the nationwide release in China. Additional releases in other Asian countries are possible depending upon the box office receipts. Subaye is the owner of the motion picture, DVD, internet broadcast and television copyrights to Dayoucun. Subaye has estimated its share of the box office receipts will be approximately 30%, although the actual share of the box office receipts are dependent on a variety of factors including the actual box office receipts, the actual promotion costs and actual taxes charged on the box office receipts. The box office receipts for December 2009 will be announced shortly after December 31st. Subaye also hopes to generate additional revenues from the DVD, internet broadcast and television copyrights for Dayoucun beginning in July, 2010. The initial promotions for Dayoucun have begun. A feature page was recently released at http://ent.sina.com.cn/f/m/dayouqiantu/index.shtml and includes initial reviews of Dayoucun.

About Subaye, Inc.

Subaye, Inc. ("Subaye" or the "Company"), is a leading video advertising and entertainment media provider in China. Subaye's platform includes production, upload, storage, sharing and publishing onto more than 33 main video sharing portal websites. Subaye also offers SaaS business solutions and is in the process of developing what Subaye believes is the first online shopping mall in the world that will utilize 3D imaging throughout the online customer interface. The Company's http://www.subaye.com and http://www.x381.com websites are generating revenue, while its other web-based businesses are under development or offering free services to potential customers at this time. Subaye's video sharing services, SaaS solutions and its online shopping mall will be fully integrated in 2010. Subaye's members will use Subaye's SaaS online content management software to manage their online video and graphic showcases, maintain customer data and to manage operations within their webshops at the online shopping mall. As of October 31, 2009, the Company had 56,000 members. The Company's video database consisted of over 89,000 profiles of corporate video showcases. These showcases offer a cost-effective venue for small to mid-size enterprises ("SMEs") to advertise their products and services and establish and enhance their corporate brands. The visitors of Subaye's websites, namely http://www.subaye.com , view the video showcases for Subaye's members in order to select products or services they wish to purchase. The http://www.subaye.com website and its affiliated websites provide visitors with easy access to an index of over 3.0 million video clips, images and web pages. Additional services such as general education and basic online media promotions are provided through the Company's websites or through licensing arrangements.

Subaye also utilizes its experience and contacts within the entertainment media industry in China to produce and place advertisements on behalf of its customers. Subaye's management also routinely invests the Company's funds in entertainment productions in China. Typically, these investments consist of the purchase of the full or partial copyrights to an entertainment production. On December 22, 2009, "Dayoucun," the Company's third significant motion picture investment in China will be released nationwide in over 1,000 cinemas as well as in Hong Kong and Taiwan. The Company invested in "The Pye-Dog" and "Big Movie," both of which are motion pictures previously released in Asia in 2007 and 2005, respectively. In 2010, Subaye expects several of its motion picture investments to generate significant revenues.

Subaye's trade services are offered to customers based in China. These customers order products through Subaye and ship products both domestically within China and internationally. Subaye's trade services provide solutions for both importing and exporting transactions.

For further information on Subaye, Inc., please visit http://www.subaye.net . You may also register to receive Subaye's future press releases or request to be added to the Company's distribution list by contacting James Crane by email at jamesc@subaye.com.

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about Subaye, Inc.'s industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Subaye, Inc.'s operations are conducted in the People's Republic of China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

For more information, please contact:

James Crane, Chief Financial Officer

Phone: +86-186-0125-0891 P.R.C. Cell

+1-617-699-6325 U.S. Office

Source: Subaye, Inc.
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