World Mobile Holdings, Inc.
NASDAQ OTC: WMHI World Mobile is in the business of selling and providing effective processed system, and integrating Image Transmission Devices and Image Receiving Devices in order to meet the needs of 4G wireless information services of the world's leading wireless operators and their customers. We are a systems integrator and marketer of 4G single chip non-branded smart phones, as well as 4G compatible MID (mobile internet device), Tablet PCs and image transmission devices in China, India, Southeast Asia, and South Africa. The main goal of the company is to become a major player in the 4G and beyond non-branded and branded mobile communication/computing market worldwide in the near future by capitalizing its innovative engineering capacities as well as the well-accumulated understanding in 4G mobile market in developing countries.
JULY 28, 2014 NEWS
"We would like to take this opportunity to give a briefing of the updated situations of the marketing for WMHI's Mobile Payment Systems in China as the follows;
(1) WMHI has invited Ms. Michelle Hu & Mr. Frank Xu to join WMHI operating team of which they have bought in all core technologies of Mobile Payment Systems into WMHI.
(2) WMHI has appointed AP Smart Chip (Beijing) Co., Ltd. (APC) as its exclusive marketing agent for the Mobile Payment Systems in China of which APC has successfully obtained the official approval from UnionPay of China, the exclusive authority controls all inter banks money transactions in all over China. It allows APC to take all orders from all banks in China for the Mobile Payment Systems exclusively. It will bring a big profits & revenue to WMHI starting in either Q4 2014 or the latest in Q1 2015 as due to Mobile Payment Systems are the major trend in all over the world of course including China by all means, commented by Jason Hu, Board Chairman and CEO of World Mobile.
WMHI has become one step closer in achieving another key milestone in the company's plan to become KEY player in the Mobile Payment industry. This inclusion will qualify our efforts for achieving key global Mobile Payment initiatives and deliverables.
Union Pay of China has China Mobile as a partner and WMHI has a major deal with China Mobile as well.
Mobile Payment in China
China is arguably one of the 5 most attractive mobile payment industries in the world. China's mobile phone users topped 800 million in the first half of 2010, according to the Ministry of Industry and Information Technology. Of this 800 plus million, more than 220 million have made payments via mobile. According to CNNIC, mobile internet users reached 318 million in June 2011, with mobile payments volume predicted by Analysis International to exceed 5 billion Yuan in 2011.
The huge and growing scale of mobile payments in China cannot be ignored and Chinese companies should be providing this payment method to their customers. WMHI recommends and works with the unique and exciting mobile payment system from China UnionPay. China UnionPay’s NFC mobile payment solution (13.56MHz) will most likely be adopted as the standard solution across China. For those who do not know, China UnionPay is the only domestic bank card organization in China. Founded in March 2002, UnionPay is an association for China’s banking card industry, operating under the approval of the People’s Bank of China (PBOC, central bank of China). It is also the only interbank network in mainland China.
WMHI head of R&D is Dr. Thomas Lu. Dr. Lu received his Ph.D. degree in Electrical Engineering from Pennsylvania State University. He joined NASA JPL in California Institute of Technology as a senior researcher in 2004. In his time with NASA JPL, he has received many honors including the NASA Honors Award for exemplary performance in development and transition of first-of-its-kind intelligent autonomy technology derived from NASA flight missions to Navy applications, 2011, and NASA Board Award for "DSN Performance Dashboards" By NASA Inventions and Contributions Board, 2009. Dr. Lu is also a President of Rema International, a consulting company for technology start-ups and business development. "We are proud to announce this news to our shareholders and potential investors. Dr. Thomas Lu is an extremely experienced project & business manager who manages not only big research projects for NASA but also markets & sells those technologies to global top 500 companies." commented by Jason Hu, Board Chairman and CEO of World Mobile. "One of the professional specialties of Dr. Lu is in the battery field, and he will be able to provide strategic planning for WMHI products (mainly Li-Fe Battery) initially in the United States, and then to other markets globally."
The above link is the company website.
The above link is an FSX interview with Dr. Tom Lu, the executive Director of WMHI.
The above is the latest news posted January 10, 2014
The team is also exploring the possibilities of licensing related technologies from California Institute of Technology and other major research institutions in the country.
Jason Hu, President, Board Chairman and CEO
From November 2009 to present, Mr. Hu is the Board Chairman and CEO of World Mobile
Holdings Inc. From 2004 up to present, Mr. Hu is the Board Chairman & CEO of EDEN
Investment & Development Inc. of Taiwan. From 2000 – 2003, Mr. Hu was Executive Board
Director of Systems & Technology Corp. of Taiwan and Senior Advisor for Concourse Security
Co., Ltd. of Taiwan. From 1996 to 2000, Mr. Hu was CEO of the Taiwan Branch of E.On Energy
AG of Germany. From 1990 to 1996, Mr. Hu was Regional Managing Director at the Far Eastern
Office in Hong Kong of Trafalgar House PLC of U.K. From 1985 to 1990, Mr. Hu was Regional
Director of the Taiwan Branch of the Corporation for Economic Development of South Africa.
Mr. Hu received his Bachelor degree in Economics from Soochow University in Taiwan & MBA
from the University of Texas Austin in the United States. As in January 2014, World Mobile Holdings has successfully received the 1st payment for its contract has been completed in Shanghai, China with the national wireless operator China Mobile.
Annual Report and Information Statement for WMHI http://www.otcmarkets.com/financialReportViewer?symbol=WMHI&id=118219 http://www.otcmarkets.com/financialReportViewer?symbol=WMHI&id=118218 http://www.otcmarkets.com/stock/WMHI/company-info http://www.otcmarkets.com/financialReportViewer?symbol=WMHI&id=118219
|Market Value1 ||$8,087,000 ||a/o Oct 15, 2014 |
|Shares Outstanding ||35,480,087 ||a/o Oct 15, 2014 |
|Float ||1,786,473 ||a/o Oct 15, 2014 |
|Authorized Shares ||450,000,000 ||a/o Oct 15, 2014 |
|Par Value ||No Par Value |
|Shareholders of Record ||326 ||a/o Oct 15, 2014 |