omniture

Successful Acquisition of Domouse by VODone With Issue of New Shares

2009-04-28 22:36 3074

HONG KONG, April 28 /PRNewswire-Asia/ -- VODone (Stock Code:0082, Hong Kong listed company), an Internet video new media company of China, announced today it had successfully acquired Domouse, an Internet community network, by way of issue of new shares at a prime consideration. Accordingly, VODone, with its portal website http://www.vodone.com , can capitalize on the powerful function of "Searching the Future" used by the Domouse community. With the coverage and patronage of the great population of 298,000,000 netizens of China, VODone can thus substantially expand its own base of loyal users and enjoy a larger share of the Internet video advertisement market in China.

Domouse community network has integrated with the philosophy on interpersonal relationship management shared among those fabulous SNS communities such as Facebook, YouTube, LinkedIn, etc. Its creative invention of "Searching the Future" is the state-of-the-art model of Internet community administration platform which is compatible with the Chinese culture and has a potential for enormous growth. Diverged from the existing searching mode based on database, "Searching the Future" is an innovative idea of regular search or search-by-need for information to be disseminated in the future.

With the additional arm of Domouse network as acquired, VODone will benefit tremendously on the solid foundation of its fullest set of qualifications and licenses for operations, foreseeing an enormous growth of its core business.

Under the integration of Domouse's vast Internet community network with VODone's video news network, the user volume and loyalty of VODone.com are expected to soar. This may lead to an enhanced network flow and productivity and foster a boosted profitability.

Secondly, following the success of VODone BUS, Domouse will become another product sales platform featured as a hot spot clustered with a huge number of netizens. VODone will benefit from gaining ample loyal users to play its online game "Life As Games" and join its online shopping "Happy Shoppers" or other related e-business channels developed from time to time by VODone, resulting in a huge volume of loyal users and an increased sales and revenue from its channel products.

Thirdly, VODone has VODone BUS as its sole support of user flow currently. The integration of VODone.com and Domouse implies a paradigm evolution into a mutual support from VODone.com and VODone BUS in terms of their respective powerful flow and volume of users.

Fourthly, as a vast Internet community, Domouse itself has an extremely high value in terms of its advertisements and e-business, in particular the charging products of high edge promoted to its users. In light of this, the acquisition represents a shift of VODone's profit mode from a single one of Internet advertising fee-rate into a paying users mode.

Fifthly, Domouse possesses its own download terminal function for users. This offers a huge potential for predating the desktop spaces of users, which is a key to the growth of Internet companies currently and in the future. Accordingly, the integration of the P2P and P4P broadcasting terminals of VODone.com with Domouse terminals would facilitate such predations by VODone on-line TV. Once it is realized, the market share and user loyalty of VODone will be greatly enhanced, resulting in a continued consolidation of VODone's market status and competitive edge.

Overall, following the acquisition of Domouse Internet community network, VODone, as an Internet video new media company, will once again outplay the counterparts in the industry by becoming the pioneer who exclusively owns, in China, the SNS Internet community and user terminal system together with the P2P and P4P broadband broadcasting terminals.

Source: VODone
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Keywords: Advertising
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