SOURCE: MoqiZone

MoqiZone

October 28, 2009 08:30 ET

MoqiZone Holding Corporation Announces the Launch of Its First B2C Game Portal Over WiMax Network in China - www.53mq.com

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.

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