Kongzhong Corp. (KONG)

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KongZhong Corporation Announces Strategic Alliance Agreement with China Sports Industry Group Co., Ltd.
Thursday January 3, 8:00 am ET
China Sports to Go Wireless with KongZhong in 2008 Olympic Year

BEIJING, Jan. 3 /Xinhua-PRNewswire/ -- KongZhong Corporation (Nasdaq: KONG - News), one of China's leading providers of wireless value-added services and a wireless media company providing news, content and mobile advertising services through its wireless Internet sites, announced today that it has signed a strategic alliance agreement with China Sports Industry Group Co., Ltd. ("CSIG"). Listed on Shanghai Stock Exchange of China, CSIG is China's largest public company in the sports industry and has the General Administration of Sports of China as its dominant shareholder. CSIG's business activities include organizing commercial sports tournaments, operating sports arenas and fitness centers, selling sports apparatus and goods, and more.
http://biz.yahoo.com/prnews/080103/cnth016.html?.v=35