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TCOM - Subaye.com Generated First Monthly Fee Revenue of $673,800 in November, $20 Million Annual Income Based on Forecast of 100,000 Users in 2007
Dec 4, 2006 2:46:00 PM
HONG KONG, Dec. 4 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM), the Total Solutions Provider, announced today that its subsidiary, Subaye.com corporate video sharing channel has generated more than 16,000 enterprise video new users to uploads, storage, sharing and publishing 30 day period. It is currently over 160% growth from last month.

The Subaye.com enterprise video service revenue generating monthly fee of $60 for each business user starts on November 1. "Almost 90% of users paid monthly fee for continue service after 30 days free of charge period. An amount of $673,800 first monthly fee income has been received in November. This new service offering will add more than $20 million income stream for us, based on the forecast that there will be 100,000 users in 2007," said Y.F. Su, Vice President of TCOM.