SOURCE: China TechFaith

China Techfaith

April 28, 2009 08:00 ET

TechFaith Subsidiary to Launch Chinese Mobile Game Website www.798uu.com

BEIJING--(Marketwire - April 28, 2009) - China Techfaith Wireless Communication Technology Limited ("TechFaith") (NASDAQ: CNTF) today announced that its subsidiary, One Net Entertainment Ltd., is scheduled to officially launch the Chinese mobile games website www.798uu.com on May 12, 2009.

www.798uu.com will feature single player mobile games and MMORPGs (massively multiplayer online role-playing games). TechFaith plans to help drive site traffic by offering pre-loaded mobile games on cell phones developed with its co-branding partners. Players will initially be able to download and use the games for free. One Net Entertainment Ltd. expects to later charge gamers for downloads and usage.

Defu Dong, Chairman and CEO of TechFaith, said, "The official launch of www.798uu.com will mark an important milestone for our game business, especially for our mobile game business. China has long been one of the world's largest game markets, with numerous popular game titles rather than a concentration of one or two offerings. The fragmented nature of the market creates an opportunity for us. Our goal is to build site traffic by offering compelling, feature-rich content for gamers. As 3G availability becomes more widespread in China, we plan to work with additional business partners to offer even more robust games with video, higher-resolution graphics and a variety of other compelling features. We are optimistic about www.798uu.com's potential and look forward to its success."

About TechFaith

TechFaith is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 700 professionals, of whom approximately 90% are engineers. TechFaith engages in the development and production of middle to high end handsets and tailor made handsets. TechFaith's original developed products include: (1) multimedia phones and dual mode dual card handsets of multiple wireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA, GSM/TD-SCDMA and UMTS/CDMA; (2) Window based smartphone and Pocket PC phone; and (3) handsets with interactive online gaming and professional game terminals with phone functionality.

With the capability of developing MMI/UI software on 2G/2.5G(GSM/GPRS, CDMA1X), 3G(EV-DO, WCDMA/UMTS, TD-SCDMA) and 3.5G(HSDPA) communication technologies, TechFaith is able to provide MMI/UI software packages that fulfill the specifications of handset brand owners and carriers in the global market. For more information, please visit www.techfaithwireless.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates, "future," "intends," "plans," "believes," "estimates," "confident," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the global economic downturn and a further slowdown in the growth of China's economy, TechFaith's limited operating history, TechFaith's ability to effectively manage its business operations and control cost, loss of TechFaith's customers and claims against TechFaith due to defects in its designs or other reasons, TechFaith's limited insurance coverage and its exposure to product liability and product recall, TechFaith's ability to retain existing or attract additional domestic and international customers, TechFaith's earnings or margin declines, failure to compete against new and existing competitors, and other risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

  • For further information, please contact:
    In China:
    Jay Ji
    China Techfaith Wireless Communication Technology Limited
    Tel:+86-10-5822-8390
    Email: ir@techfaith.cn

    In the U.S.:
    David Pasquale
    Global IR Partners
    Tel: +1 914-337-8801
    Email: cntf@globalirpartners.com