NQ Mobile(TM) Transfers Approximately an Additional RMB 150 million (or approximately USD $25 Million) of Term Deposits to its Account at Standard Chartered Bank
DALLAS and BEIJING, Oct. 30, 2013 /PRNewswire/ -- NQ Mobile (NYSE: NQ), a leading global provider of mobile Internet services, has completed the transfer of approximately an additional RMB 150 million (or approximately USD $25 million) of NQ Mobile's term deposits formerly held at Industrials Bank Co. Ltd. to its account at Standard Chartered Bank (the "Standard Chartered Account".)
Committed to full financial integrity and clear, open transparency, the Company has authorized Standard Chartered Bank to allow an independent verification of the account validity, as well as provide related details, to any interested investor who requests the information in good faith.
As previously disclosed, a complete update on the Company's balance sheet totals will be provided in its regular Q3 earnings release, scheduled for November 12, 2013.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games as well as advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of June 30, 2013, NQ Mobile maintained a large, global user base of 372 million registered user accounts and 122 million monthly active user accounts through its consumer mobile security business, 87 million registered user accounts and 16 million monthly active user accounts through its mobile games and advertising business and over 1,250 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com/.
NQ Mobile Inc.
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