SOURCE: MetaSwarm, Inc.

April 25, 2008 08:00 ET

Exclusive Licensee of MetaSwarm Technology in China, Beijing InfoSure Technology Ltd. Certified as a Top Software-Enterprise and Software-Product Company

SANTA MONICA, CA--(Marketwire - April 25, 2008) - MetaSwarm, Inc. (PINKSHEETS: MSWM) today announced that its exclusive licensee in China, Beijing InfoSure Technology Ltd., has been awarded with one of China's top certifications for software authenticity. Certified enterprises are able to enjoy the national preferential policies in the fields such as taxation, investment, financing and exporting. Beijing InfoSure Technology's Certificate Registration Number is Beijing R-2007-0753.

Beijing InfoSure has been certified as a Double-Soft Enterprise by the Beijing Municipal Science & Technology Commission ("BMSTC"). The "Double-Soft Enterprises" certification is China's authoritative index of real software enterprises, which is jointly awarded by the Ministry of Information Industry, Ministry of Education, the Ministry of Science and Technology, and State Administration of Taxation. "Double-Soft" Certification consists of software-enterprise certification as well as software-product registration.

"Double-Soft Enterprise Certification" is issued for the purpose of promoting the development of the software industry in China, improving the independent innovation capability of the information industry, and eventually enhancing the country's international competitiveness. There are several material benefits to having the Double-Soft Certification according to a Chinese legal information website:

--  A newly-established qualified China software enterprise shall be
    exempted from income tax in the first two years, levied at 50 percent for
    the next three years, from the date of making profit;
--  The expense of wages and training of a qualified software enterprise
    shall be deducted from the taxable income;
--  For enterprises which registered their software products, prior to
    year 2010, the Value-Added Tax on the sale of self-developed software
    product shall be levied at 17 percent; the difference over 3% shall be
    immediately refunded, from the date of registration taking effect. The
    refund shall be domestic investments from software product development and
    expansion, and not taxable income to levy the income tax.
    

About MetaSwarm, Inc.

MetaSwarm, Inc. is headquartered in California and is focused in the information technology industry. MetaSwarm specializes in personal and commercial information assurance solutions, including anti-fraud, anti-spam, and relationship analysis solutions for the Internet e-commerce markets. Specifically, MetaSwarm products provide applications for message management, message and website validation, and message and website analysis for email, cell phone text messaging (SMS), instant messaging (IM), and web pages.

MetaSwarm has a strategic partnership with China Standard Technology Development Corporation, the SGS China JV partner in China, to support and manage the Company's technology network in China. China Standard will manage the MetaSwarm government validated messaging system through their own data center and will also install, validate and manage all of the hardware for MetaSwarm's technology. China Standard's JV company, SGS China, currently issues many of the certificates of validation for imports/exports as well as quality assurance for China's government so this partnership is an extension that gives China Standard and SGS China reach into the online realm. China Standard will play a crucial role in MetaSwarm's China expansion, particularly when the system initiates its nationwide rollout to a potential market of 455 million cellular phone users.

About Beijing InfoSure

Beijing InfoSure Technology Ltd. is the only licensee of the Hyperswarm Engine patent pending products of MetaSwarm, Inc. Beijing InfoSure surfs on top of the leading tide of the state-of-the-art technologies in the world. Based on the platform of the Hyperswarm Engine, it does R&D and design, provides solutions against various digital information, including high efficient anti-spam solutions in email and SMS, anti-phishing solutions, as well as solutions and application services on message verification, information personalization, etc.

Beijing InfoSure has an exclusive agreement with China Unicom to install MetaSwarm's technology onto one of China's largest cellular networks. As of December 31, 2006, China Unicom served over 140 million cellular subscribers and is the world's third largest mobile phone operator. To date, China Unicom is the only licensed full telecom service provider in China, with services spanning fixed-line to mobile, IP telephony, data and Internet. Beijing InfoSure is the master licensee of MetaSwarm's technology in China and the relationship between InfoSure and China Unicom is based on this licensed technology.

Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

Contact Information

  • Contact Info:
    Celia Rivera
    MetaSwarm, Inc.
    Phone: (626) 792-0153