Friday, February 10, 2006 8:48:53 AM
CHMS _ NEWS China Mobility Solutions, Inc. Reports Q4 2005 Sales up 62% Year on Year
PR Newswire - February 10, 2006 08:30
VANCOUVER, British Columbia, Feb 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- China Mobility Solutions, Inc., a Florida corporation (OTC Bulletin Board: CHMS) ("China Mobility") is pleased to announce its fourth quarter sales.
The fourth quarter was the highest-sale quarter of the year, and December reported the highest monthly sales of 2005, close to U$0.9 Million. Total sales from Chinese operations grew 62% year-over-year in the fourth quarter of 2005 to a new record of $1.92 million. Our client base has increased 33% sequentially and reached 30,000. At the end of the quarter, the Company had about $6 million in cash and cash equivalents. Cash flow from operating activities in China continues to grow.
Commenting on the results, President Angela Du said, "The fourth quarter went extremely well. With the growth in our mobile marketing solution and the addition of our newly introduced products, the fourth quarter showed continued growth in revenues."
Recent Development
In November China Mobility signed a contract with Lenovo, the world's third largest PC manufacturer, for distribution of its mobile email system throughout China. In December the Company added a new director, Bryan D. Ellis, to the Board of Directors. The Company also completed the transaction of the Quicknet agreement with the final payment made at the end of December. China Mobility now controls 100% interest in Quicknet.
About China Mobility Solutions Inc.
China Mobility Solutions, Inc. (OTC Bulletin Board: CHMS), a pioneer in developing Short Message Services (SMS) as a primary advertising medium in China, provides mobile marketing, branding and enterprise solutions to its rapidly expanding client base of Small and Medium Enterprises (SME). China Mobility also provides other mobile solutions such as mobile email systems and mobile solutions for field sales to SME. Through proprietary profit sharing agreements, China Mobility's advertising audience includes SMS subscribers from China Mobile, China Unicom and China Telecom.
Forward-looking statements
This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. All statements other than statements of historical facts included in this report, including, without limitation, the statements regarding our mission to become the number one provider of mobile solutions to businesses in China are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.
The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
Contact:
Angela Du, President
China Mobility Solutions Inc.
900-789 W. Pender Street
Vancouver, B.C.
Contact Number: 604-632-9638
Email: investors@chinamobilitysolutions.com
Website: www.chinamobilitysolutions.com
SOURCE China Mobility Solutions Inc.
Angela Du, President of China Mobility Solutions Inc., +1-604-632-9638,
investors@chinamobilitysolutions.com
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
--------------------------------------------------------------------------------
Copyright © 2006 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision.
Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
PR Newswire - February 10, 2006 08:30
VANCOUVER, British Columbia, Feb 10, 2006 /PRNewswire-FirstCall via COMTEX/ -- China Mobility Solutions, Inc., a Florida corporation (OTC Bulletin Board: CHMS) ("China Mobility") is pleased to announce its fourth quarter sales.
The fourth quarter was the highest-sale quarter of the year, and December reported the highest monthly sales of 2005, close to U$0.9 Million. Total sales from Chinese operations grew 62% year-over-year in the fourth quarter of 2005 to a new record of $1.92 million. Our client base has increased 33% sequentially and reached 30,000. At the end of the quarter, the Company had about $6 million in cash and cash equivalents. Cash flow from operating activities in China continues to grow.
Commenting on the results, President Angela Du said, "The fourth quarter went extremely well. With the growth in our mobile marketing solution and the addition of our newly introduced products, the fourth quarter showed continued growth in revenues."
Recent Development
In November China Mobility signed a contract with Lenovo, the world's third largest PC manufacturer, for distribution of its mobile email system throughout China. In December the Company added a new director, Bryan D. Ellis, to the Board of Directors. The Company also completed the transaction of the Quicknet agreement with the final payment made at the end of December. China Mobility now controls 100% interest in Quicknet.
About China Mobility Solutions Inc.
China Mobility Solutions, Inc. (OTC Bulletin Board: CHMS), a pioneer in developing Short Message Services (SMS) as a primary advertising medium in China, provides mobile marketing, branding and enterprise solutions to its rapidly expanding client base of Small and Medium Enterprises (SME). China Mobility also provides other mobile solutions such as mobile email systems and mobile solutions for field sales to SME. Through proprietary profit sharing agreements, China Mobility's advertising audience includes SMS subscribers from China Mobile, China Unicom and China Telecom.
Forward-looking statements
This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. All statements other than statements of historical facts included in this report, including, without limitation, the statements regarding our mission to become the number one provider of mobile solutions to businesses in China are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.
The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
Contact:
Angela Du, President
China Mobility Solutions Inc.
900-789 W. Pender Street
Vancouver, B.C.
Contact Number: 604-632-9638
Email: investors@chinamobilitysolutions.com
Website: www.chinamobilitysolutions.com
SOURCE China Mobility Solutions Inc.
Angela Du, President of China Mobility Solutions Inc., +1-604-632-9638,
investors@chinamobilitysolutions.com
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
--------------------------------------------------------------------------------
Copyright © 2006 MarketWatch, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
News provided by Dow Jones NewswiresSM, PR News Wire™ and Business Wire™. Dow Jones Newswires is a service mark of Dow Jones & Company. PR News Wire is a Trademark of PR Newswire Association, Inc. Business Wire is a registered trademark and service mark of Business Wire.
Ameritrade is not responsible for the quality and suitability of third party financial or investment information or services. Please consult other sources of information and consider your individual financial position and goals before making an investment decision.
Ameritrade, Division of Ameritrade, Inc., member NASD/SIPC. Ameritrade and Ameritrade logos are trademarks or registered trademarks of Ameritrade IP Company, Inc. 2002 Ameritrade IP Company, Inc. All rights reserved. Used with permission.
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