ALONG Mobile Technologies Announces Alliance With Japanese Technology Company, HI Corporation, for 3D Graphics Technology.
HI Corporation specializes in 3D technology. Its 3D rendering engine software enables the real-time operation of applications displaying 3D graphics data on a multitude of devices, such as handheld game pads, PDA's, digital camcorders, car navigation displays, and mobile phones. As of the fiscal first quarter of 2006, the company reported revenues of over 17 million dollars. This working agreement will greatly benefit both parties as ALONG will be able to create using this technology its own brand of 3D games while helping to promote HI Corporation's technology to the major mobile phone carriers in China.
The CEO of ALONG Mobile, Mr. Li Jianwei, commented that the main goal of this alliance is to mutually optimize the 3D graphics technology to promote products as a comprehensive solution to the mobile phone manufacturers in China and in the future worldwide. He went on to say, "This integration of technology will allow ALONG to optimize its products, and as mobile phone manufacturers expect efficient development of high-performance 3D mobile phone games, ALONG will once again be able to be in a leading position to provide such games and technology to them and its customers." Mr. Wang Zhen, CFO of ALONG Mobile Technologies Inc., also stated that, "This alliance will especially help ALONG to provide high quality products to its customers and therefore we believe that we will greatly benefit with a projected increase in revenues between 15% - 20% and an increase of 30% in net profit for the next 12 months."
Forward looking statement
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
ALONG MOBILE TECHNOLOGIES, INC. is a mobile value-added services provider in the PRC. The Company designs, produces, publishes, manufactures, provides and distributes proprietary wireless entertainment applications such as ring-tones, games, images, videos and e-books to its customers. Our Wireless Applications are intended to be downloaded by our customers on a fee-basis by means of our proprietary public downloading terminals which are installed by us in strategic locations such as shopping centers, universities, entertainment centers, cinemas, hotels, airports, restaurants and parks. Interaction enriches your life. For more information about ALONG, please visit http://www.alongmobile.com.
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|Date:||Sep 5, 2006|
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