SOURCE: MoqiZone

MoqiZone

January 26, 2010 09:00 ET

MoqiZone Holdings Corporation Announces Full Coverage of MoqiZone Online Game Platform to CERNET College Students

SHANGHAI, CHINA--(Marketwire - January 26, 2010) - MOQIZONE HOLDINGS 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, today announced that the MoqiZone servers online game platform is currently available on the CERNET (China Education and Research Network http://www.edu.cn/) to all college students utilizing the CERNET. CERNET is the third largest national telecom with a National intercity optic fiber network within China. Established in 2000, CERNET provides exclusive high-speed internet access servicing over 1,800 colleges and universities in mainland China, encompassing a total addressable market of approximately 23 million students. Under the supervision of the Ministry of Education and the Ministry of Industry and Information Technology, college students can enjoy unlimited access to CERNET (100M/s bandwidth to PC) in campus. Therefore, CERNET users can enjoy more reliable and faster access through CERNET dedicated servers.

"We are please to now provide the over 23 million students in the CERNET system access to our B2C portal, 'www.53mq.com,' in addition to the online game services MoqiZone provides to internet café users in Chengdu, Sichuan," stated Lawrence Cheung, Chairman and CEO of MoqiZone Holding Corporation.

MoqiZone focuses on the most intensive online game user segment of the online entertainment business, which includes internet café users and college students. To access the large population of online game players in China, MoqiZone makes use of the WiMAX Network to cover internet cafés; additionally, MoqiZone hosts certain CERNET dedicated servers to reach thousands of college students throughout mainland China. Accordingly, MoqiZone is aiming to be the leading network company in China for people to connect to the internet at internet cafés and through their college network.

About MoqiZone

MobiZone 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 twelve additional cities 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