Geos Communications Subsidiary, D Mobile, Inc., Partners with Gome, China's Leading Electronics Chain
Sep. 23, 2010 (Business Wire) -- Geos Communications™, Inc. (OTCBB: GCMI), a leading developer and distributor of mobile applications and services, today announced that its subsidiary D Mobile, Inc. ("Duo Guo") has signed a retail partnership agreement with Gome, a leading electronics retail chain in China. The terms of the agreement allow Duo Guo, China’s leading mobile content retail provider, to initially launch kiosks within Gome’s 50 plus Shanghai area stores.
Gome is one of China's largest electronics retail chains with over 1,000 stores in over 50 cities throughout the country. It is anticipated that based on the success of the initial launch in the region the partnership would be expanded to other cities in China.
Jonathan Serbin, President of Duo Guo, said, “We are very excited to enter this partnership with Gome. They are a leading electronics chain and mobile phone retailer in China, and this is an ideal platform for Duo Guo's interactive mobile content kiosks. We look forward to serving Gome's extensive customer base, helping them discover and download the most exciting mobile content and value-added services available for their devices.”
“This is an exciting deal for Geos,” said Andy Berman, CEO of Geos Communications. “We believed the acquisition of D Mobile earlier this year would lead to significant opportunities in China and the new relationship with Gome is evidence of this growth post merger.”
Duo Guo is the primary and only legitimate retail channel for the discovery and download of licensed mobile media content in China by operating an innovative kiosk based distribution business. The kiosks enable mobile device users to discover and quickly download games, movies, music, ringtones and applications. The kiosk network also serves as a channel for a wide range of mobile downloadable services such as ticketing, coupon distribution and advertising. Duo Guo has established partnerships with major media content providers including Paramount Pictures, EA Mobile, Cartoon Network, Warner Music Group and others.
About Geos Communications, Inc.
Geos Communications, Inc. is a digital content distribution company creating solutions for the rapidly growing global, mobile community, leveraging a unique combination of transformational technology, intellectual property as well as strategic and pervasive distribution channels. For more information please go to www.geoscommunications.com.
Duo Guo owns and operates China’s leading retail distribution platform exclusively selling mobile content and services. Based in Shanghai, the Company has developed partnerships with China's largest retailers and leading global media companies to bring the best games, ringtones, software and other mobile services to China's 500 million mobile phone users in an exciting retail setting. The Company is privately held and operates as a wholly owned subsidiary of D Mobile, Inc. For more information please go to www.duoguo.cn.
Safe Harbor Statement under the Private Securities Litigation Reform Act
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. Geos Communications, Inc. does not assume, and expressly disclaims, any obligation to update these forward-looking statements.
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Source: Business Wire (September 23, 2010 - 8:00 AM EDT)
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