After hours news!!here it is
Sep 13, 2004 4:14:30 PM
to achieve Greater Marketshare of the China Book Market for CHL - Technologies MBooks Platform on "SMART" Phones
E-Mobile Information Technologies is pleased to announce a profit-sharing partnership agreement with Shanghai DaLiang Advertising Co, which provides access to 4 additional and significant book publishers in China. The Company, with this business pact, will share significantly in this high-margin earnings stream.
This rapid addition of Chinese book publishing houses reflects the marked interest in serving this market venue--which provides substantial benefits for both readers and publishers. Readers can now store books on their "smart" phones for less than 75% the cost of their hardcover equivalents. The information is highly mobile and is available anytime, anyplace and is extremely convenient to use while in transit. Publishers avoid heavy publication costs and have a new outlet to sell their material at a low-cost with a high profit potential.
The new publishers are as follows:
1) Shanghai Translation Publishing House has been in business
since 1978. It specializes in publishing Chinese translations
of classic world literature, philosophy, social sciences and
bilingual dictionaries. The editorial staff has a good command
of the world's major foreign languages. More than 400 titles
are published each year, more than half of which are Chinese
translations of world literature which are immensely popular
with Chinese readers.
2) ShangHai Education Publishing House has been in business since
1958. It provides educational textbooks to the growing student
population as China strives to raise literacy standards in the
country to sustain and augment the powerful current economic
growth. On average it releases 1800 titles each year.
3) China Financial & Economic Publishing House is a $400 million
revenue company that publishes and sells professional
education books throughout China. It releases 600 publications
per year and has a close relationship with the United Nations,
the World Bank and the International Monetary Fund. It won the
best publisher award in 2 separate years from the China Books
Bureau of the State Administration of Press and Publication.
4) Shanghai Normal University Publishing has been publishing
educational textbooks since 1957. On average it releases 530
titles per year to the growing Chinese student population.
It can be discerned from the above information that the Mbook platform for "smart" phones is gaining considerable recognition in this initial market served, which will establish a strong foundation for expansion and growth in the years ahead.
According to the report, "3G Network deployments in China" by In-Stat/MDR, in China alone there are about 270 million cell phones in operation with growth expected to reach near 500 million by 2008. "Smart phones Rising: 10 Things You Should Know About This Segment" report by In-Stat/MDR indicates smart phone shipments will experience a 44% Compound Annual Growth Rate (CAGR) over the next five years.
About CHL Technologies
Taking a different road from most mobile application and content groups whose primary focus is Java, SMS, and MMS, CHL Technologies focuses on developing and marketing innovative mobile applications and wireless value added services for smart phones. The result is that CHL Technologies is ahead of its competitors in ready applications and contents for the new smart phone, putting the company at an excellent position for the up-coming 3G content market. CHL has committed to becoming the leading provider of these high tech services internationally. Its website is www.chltec.com.
Forward Looking Statements
Any statements in this release that are not statements of fact may be considered "forward looking statements" as that term is defined under the securities law in the United States. Forward looking statements are only predictions and may differ materially from actual events or results.
CONTACT: TEL: 414-351-1468 Barton Peck, CHL Technologies Inc./E-Mobile
FAX: 414-351-4553
EMAIL: BartPeck@aol.com
