News. Might want to watch this one. http://biz.yahoo.com/bw/050131/315744_1.html
PLANO, Texas--(BUSINESS WIRE)--Jan. 31, 2005--E Mobile Information Technologies (Pink Sheets:EMTK - News) wholly -owned subsidiary, CHL Technologies, has signed an agreement with Lenovo. Under the terms of the agreement Lenovo will embed CHL's Mobile Book Software Technology (MBST) and fully illustrated books into its cell phones.
Lenovo is a publicly traded company trading on the Hong Kong stock exchange (ticker 992) since 1994. On Dec. 7, 2004, IBM agreed to sell its PC division to Lenovo Group in a deal valued at US$1.75 billion, creating the world's third-largest PC business with approximately US$12 billion annual revenue for 2003. Prior to the merger, Lenovo Group reported nearly ten thousand employees and HK$22 billion in annual revenue. Lenovo is also a well-known player in the China mobile phone industry specializing in R&D, production and marketing of mobile phones. Lenovo currently has twenty different cell phones in six different model lines. Visit www.lenovomobile.com for more information on Lenovo cell phones.
CHL President Dr. Nan Hu stated, "Through this agreement with Lenovo, E Mobile continues its successful strategy to include MBST software in every cell phone sold in China. Lenovo is focusing on its cell phone business and this year sales revenue of Lenovo's cell phone business unit increased 105% compared to the same period last year (http://www.lenovomobile.com/service/news_show2.asp?NEWSID=35)
. Additionally, both Lenovo and E Mobile share a strategic interest in regional and global expansion. Cooperation with a giant player like Lenovo signals the significant leading role E Mobile plays in the Mobile Book market."
E Mobile owns and operates a for-pay online mobile content website through CHL in China where cell phone users can effortlessly download thousands of games, books, magazines, news articles and even comics, and access streaming video and video clips for their smart phone, KJAVA, MBST enabled handsets -- anytime, anywhere.
Mobile Book Software Technology encompasses mobile multimedia publishing, mobile production tools, cell phone content presentation and management software, and Internet content services and server software. These components, when joined, enable cell phone users' access to a broad offering of innovative content.
About E Mobile Information Technologies and CHL Technologies
E Mobile is an emerging leader in the broadband mobile content market through its operating subsidiary CHL Technologies. Taking a different road from most application and content groups whose primary focus is Java, SMS and MMS, CHL focuses on developing and distributing innovative mobile applications and wireless value added services for Smartphones, Symbian, KJava, and Pocket PC. The result is that CHL Technologies is ahead of its competitors in ready applications and content for these new systems putting the company in an excellent position for the emerging 3G content market. CHL has committed to becoming the leading provider of these high tech content services internationally. www.chltec.com
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 of results.
E Mobile Information Technologies Inc., Plano
Barton Peck, 414-351-1468