GUANGZHOU CITY, China, Nov. 17 /PRNewswire-Asia/ -- Subaye, Inc. (OTC Bulletin Board: SBAY)(the "Company"), announced that upon the conclusion of the 106th session of the China Import and Export Fair (the "Canton Fair" and http://www.cantonfair.org.cn/en/index.asp ), the Company had acquired 3,847 new members of http://www.subaye.com as a result of presentations and discussions with attendees of the Canton Fair, which is the largest fair in China. The Company now has a total of 57,213 members of http://www.subaye.com .
Zhiguang Cai, Chief Executive Officer, stated "Subaye successfully acquired new members at the Canton Fair. We are pleased with the results of our presentations and discussions with attendees at the Canton Fair and look forward to attending the 107th session of the Canton Fair in April, 2010."
Safe Harbor Statement under the U. S. Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements which express the current beliefs and expectations of Subaye, Inc.'s management. Such statements are subject to a number of known and unknown risks and uncertainties that could cause Subaye, Inc.'s future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Other important factors that may cause actual results to differ materially from the forward-looking statements are discussed in the "Risk Factors" section and other sections of Subaye, Inc.'s Form 10-K for the year ended September 30, 2008, which is on file with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
About Subaye, Inc.
Subaye, Inc. ("Subaye" or the "Company") is a leading provider of video sharing services in the People's Republic of 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 interface. Subaye platform consists of its websites, http://www.subaye.com , http://www.x381.com , http://www.goongreen.org , http://www.goongood.com and the Subaye Alliance network, which is its network of third-party websites. 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 services are designed to enable internet users to find and view videos online. As of October 31, 2009, the Company had approximately 56,000 members and 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 Company provides its users with easy access to an index of over 3.0 million video clips, images and web pages.
For further information on Subaye, Inc., please visit http://www.subaye.com/English . 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.
