SOURCE: Mezabay International Inc.

Mezabay International Inc.

April 01, 2010 06:02 ET

Mezabay International Inc. Ventures Into Beijing Leading Social Network Mayi.com, Bringing It Into the International Arena

SHENZHEN, CHINA--(Marketwire - April 1, 2010) -  MEZABAY INTERNATIONAL INC., a United States Incorporated Public Company listed on the NASD OTC Bulletin Board (OTCBB: MZBY) with trading symbol 'MZBY,' Beijing Ants Interaction Network Technology Co. Ltd, of The People's Republic of China, and Legend Venture Pte Ltd of Singapore signed a tripartite Memorandum of Understanding of equity investment at Sheraton Shenzhen Futian Hotel, Shenzhen China. Attendees present at the press conference witnessed the historical signing of a Memorandum of Understanding by Mr. Ian Shoon, Chief Executive Officer of Mezabay International Inc., Mr. Ruan Peng, Executive Director of Beijing Ants Interaction Network Technology Co. Ltd, and Mr. Alan Chan, Executive Director of Legend Venture Pte. Ltd. The signing of this MOU will mark the emergence of MEZABAY INTERNATIONAL INC.'s success in its strategies to expand its global presence and emerging as the leading player in the international platform.

Mezabay International Inc.'s core business includes payments and a consumer rewards system, and its related business is focused in the Asia Pacific region with China as its hub, has ventured into various regions of Asia and the United States. With its well established business network and strength, Mezabay International is creating an international interactive multifunctional platform bridging consumers and various commercial partners from the East and the West. This tripartite agreement will symbolize the grand entry of Mezabay International Inc. into the vast, rapidly growing and diversified China Internet Industry.

The recent trend in the Internet is the increasingly rapid development of Social Network Sites 'SNS.' The emergence and popularity of FACEBOOK, MYSPACE, RENREN, etc. are not only proof that it is the new mainstream in the Internet industry but is also shaping the behavioral pattern of the next and new generation of Internet users. In recent years, internet users have also increasingly demanded a safe and privacy-guaranteed SNS. The real-time, live, video-certified recognition system with the increase of popularity and consumer base of Beijing Ants' mayi.com, has attracted MEZABAY to further develop this new technology to cater to this increasing demand of the Internet users for further safety and security.

According to the Memorandum of Understanding, MEZABAY shall initiate and complete the acquisition of 51% of Beijing Ants' mayi.com's equity in the stake acquisition program, and shall inject multiple resources into the popular real-time, live, video-certified mayi.com for further expansion and developments. Legend Venture Pte. Ltd. shall also become a partner of Beijing Ants by injection of capital, resources and its vast experience, to lead Beijing Ants to be the second Chinese company to venture further into the international arena after alibaba.com. With the resources injected by this Singapore-based company, Legend Venture Pte Ltd, Beijing Ants' mayi.com shall soon launch its English version, plus various other languages to create a world of real-life, video-certified social network communities.

MEZABAY Int'l Inc. shall continue in its pursuit to further consolidate and strengthen its position as the leading, first-class foreign resource investment venture company.