GUANGZHOU, China, Aug. 11 /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
