Engage Mobility Poised to Penetrate the Largest Smartphone Market in the World China's smartphone penetration still in the early stages of development with 108% growth in shipments year-over-year from 2012 to 2013
ORLANDO, Fla., Nov. 7, 2013 /PRNewswire/ -- Engage Mobility, Inc. (OTCQB:ENGA), a provider of mobile marketing technologies and big data solutions, announced that it will soon be entering China, the world's largest smartphone market.
According to the Canalys, China has over 88 million smartphone users, making it the largest smartphone market in the world. This figure represents over a third of all worldwide shipments, and accounts for nearly 3x the size of the U.S. By the end of 2013, China's mobile commerce market will reach $24.2 billion in value, representing approximately 11% of all e-commerce and is a proportion that is on par with the U.S. as cited by BI Intelligence.
"We are so excited to have the opportunity to bring our Mobile Engagement System™ to the People's Republic of China. And to do so in partnership with one of the largest and most influential media companies in the world, with the full backing of the Chinese government, is truly a watershed event for our Company. We look forward to working with our partners to make Engage the definitive mobile engagement company throughout China," stated Engage CEO Jim Byrd.
As announced on October 3rd, Engage plans to officially launch a Chinese version of its Mobile Engagement System™. Engage expects to finalize its joint venture agreement with Chinese government-backed Xinhua Ruide Technology Co., Ltd. (Xinhua) and Shenzhen Zhichengxin Equity Investment Fund Management, Ltd. in mid-November.
Xinhua Ruide Technology is part of Xinhua News Agency, the official press agency of the People's Republic of China. Xinhua operates 107 foreign bureaus worldwide, and maintains 31 bureaus in China, one for each province, plus a military bureau. Xinhua is a publisher as well as a news agency and owns more than 20 newspapers and a dozen magazines and prints in eight languages: Chinese, English, Spanish, French, Russian, Portuguese, Arabic and Japanese.
For more information please visit www.engagemobility.com.
About Engage Mobility, Inc.
Engage Mobility, Inc. (OTCQB:ENGA) is a provider of mobile marketing technologies and solutions that help businesses acquire new customers and keep existing customers engaged. Augmented reality content, mobile coupons, push notifications, geo-targeting and loyalty rewards programs are all used to build brand loyalty. The Company's pricing model enables businesses of every size to realize a superior return on their mobile marketing dollar. Gartner Group forecasts $21 billion will be spent on mobile ads by 2015. The Mobile Engagement System™ is a proprietary technology that delivers a value-added service to the consumer and corporate customers. The system integrates a cutting-edge augmented reality app with a proprietary cloud- based video delivery system, a mobile CRM, Dynamic Data™ delivery system, and access to Engage's substantial database of over 40 million consumers and businesses. Engage operates from offices in Orlando, Kansas City and Salt Lake City. www.engagemobility.com
Disclaimer Regarding Forward Looking Statements
Any statements contained herein that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
SOURCE Engage Mobility, Inc.