Contact Information: CONTACT: MoqiZone Holding Corporation For China: Lawrence Cheung +86 13918139797 For Hong Kong: Benjamin Chan +852 91622883 TriPoint Capital Advisors Mark Elenowitz (917) 512-0822
MoqiZone Holding Corporation Announces the Launch of Its First B2C Game Portal Over WiMax Network in China - www.53mq.com
| Source: MoqiZone
BEIJING--(Marketwire - October 28, 2009) - MOQIZONE HOLDING CORPORATION (OTCBB : MOQZ ), a
leading digital entertainment delivery platform company that delivers last
mile connectivity to Internet Cafés across China via its proprietary
MoqiZone WiMax Network, announced the official launching of its flagship
B2C online game platform portal www.53mq.com.
53mq.com is a digital entertainment delivery platform that delivers online
content and games to internet cafes (or cafes) in China via the proprietary
MoqiZone WiMax Network. The MoqiZone Network provides content delivery to
the viral online gaming market and connects game players to online content
providers utilizing a national WiMax network. According to China's Internet
Café Association, there are currently over 150,000 licensed internet cafés
in China, each with an average of not less than 100 personal computers, or
PCs. This means that not less than 15.0 million potential game players may
be accessing online content and games at any point in time.
"53mq.com is the online game platform from which we aggregate and integrate
all of our online game contents and which will be our interface to interact
with our WIMAX connected internet cafes, as well as our online game
players," said Mr. Lawrence Cheung, CEO of the Company. Mr. Cheung further
stated that, "This signifies a very important milestone, since people can
now purchase game cards issued by us and consume on games carried on our
portal. Our team has also completed the build out of the MoqiZone WiMax
Network in Suzhou and we are now ready to deploy our receivers at Internet
Café's throughout the City over the next 2 weeks. We are also going to soft
launch 15-20 games in the next few weeks to ensure that these games will be
commercially available by year end." Additionally, interested internet
cafes not yet linked to MoqiZone WiMax Network can preview and test certain
limited functions of our 53mq.com platform via a mirror site hosted on the
public internet www.53mq.cn.
The pronunciation of "53MQ" in Chinese is quite similar to the phrase "I
want to go to MQ," making it easy for the gaming community to remember our
product offerings. MoqiZone's game portfolio includes new games that the
market has demanded and other games that already have significant
popularity. The Company's sales and marketing team will begin a marketing
campaign concurrently with the launch to promote the branding of 53MQ.
About MoqiZone
MoqiZone Holdings Limited ("MoqiZone"), a subsidiary of MoqiZone Holding
Corporation, is a leading digital entertainment delivery platform company
that delivers last mile connectivity to Internet Cafés across China via its
proprietary MoqiZone WiMax Network. The MoqiZone WiMax Network affords the
Company with a sustainable, low-cost competitive advantage for providing
last mile connectivity for Internet Cafés, while increasing the net
economic benefit to the primary value chain participants -- the content
providers and the Internet Cafés. The MoqiZone WiMax Network is currently
being deployed in Beijing, Shenzhen & Chengdu in Sichuan; the Company
expects to deploy the Network in 12 additional cities, which provides a
market of approximately 12,000 Internet Cafés, within the next twenty-four
months.
FORWARD-LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the
business of MoqiZone, which can be identified by the use of forward-looking
terminology such as "believes, expects" or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including all business uncertainties relating to reliance on
a limited number of customers, market demand, cyclical nature of our
markets, reliance on key personnel, future capital requirements,
competition in general and other factors that may cause actual results to
be materially different from those described herein as anticipated,
believed, estimated or expected. Certain of these risks and uncertainties
are or will be described in greater detail in our filings with the
Securities and Exchange Commission. These forward-looking statements are
based on MoqiZone's current expectations and beliefs concerning future
developments and their potential effects on the company. There can be no
assurance that future developments affecting MoqiZone will be those
anticipated by MoqiZone. These forward-looking statements involve a number
of risks, uncertainties (some of which are beyond the control of the
Company) or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by such
forward-looking statements. MoqiZone undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required under
applicable securities laws.