BEIJING, Nov. 24 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd.
(Nasdaq: HRAY), a leader in wireless music distribution and other wireless
value-added services, artist development and music production, and wireless
value-added services management software in China, today announced it has
been named 2006 Technology Fast 50 Companies in China by Deloitte, with
revenue growth of 169.75% over the past three years.
(Logo: http://www.prnasia.com/sa/200611091912.jpg )
Commenting on this announcement, QD Wang, Chairman and Chief Executive
Officer of Hurray!, said, “We are honoured to receive the renowned award for
the second consecutive year. It not only serves as recognition of Hurray!’s
achievement and market leadership thus far, but also drives us to continue
our aggressive pursuit of our vision to build Hurray! into a leading digital
entertainment company in China.”
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and affiliates.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of
its member firms has any liability for each other’s acts or omissions. Each
of the member firms is a separate and independent legal entity operating
under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu"
or other related names. Services are provided by the member firms or their
subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
About Deloitte Technology Fast 50 worldwide
Established in the US in 1995, the Deloitte Technology Fast 50 ranks the
50 fastest growing technology companies by geographic region. The program
operates independently in 10 countries outside of the United States.
About Hurray! Holding Co., Ltd.
Hurray! is a leading provider of music and music-related products such as
ringtones, ringback tones, and truetones to mobile users in China through
SMS, IVR, RBT, WAP, MMS and Java wireless value-added services platforms over
mobile networks and through the Internet. The company also provides a wide
range of other wireless value-added services to mobile users in China,
including games, pictures and animation, community, and other media and
entertainment services.
In addition, Hurray! is a leader in artist development, music production
and offline and online distribution in China through its majority controlled
record labels Huayi Brothers Music and Hurray! Freeland Music.
Hurray! also designs, develops, sells and supports a service provisioning
and management software for mobile operators in China to manage wireless
value-added services.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These
statements are made under the "safe harbour" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements by terminology such
as "will," "expects," "believes" and similar statements. The accuracy of
these statements may be impacted by a number of business risks and
uncertainties that could cause actual results to differ materially from those
projected or anticipated, including risks related to: Hurray!’s ability to
maintain its leading position in the market for wireless value-added services
in China, including its ability to anticipate or address changes in
technologies and user preferences in an effective and timely manner; the risk
that Hurray’s profitability may be adversely affected in future periods for
a variety of reasons, many of which may be beyond management’s control; the
state of Hurray!’s relationships with China’s mobile operators; and other
risks outlined in Hurray!’s filings with the Securities and Exchange
Commission, including its registration statement on Form F-1, as amended.
Hurray! does not undertake any obligation to update this forward-looking
information, except as required under applicable law.
