DALIAN, LIAONING, China, Jan. 27 /PRNewswire-FirstCall/ - Arshad Shah, President and CEO of Exchange Media Corp., (EXMD.PK) announces on behalf of the Company.
EXMD plans to focus on the newly launched 3G network in China. The 3G network in China was launched 1 year ago, the subscriber base has already doubled and growing very rapidly.
Our Corporate strategy is to provide mobile content to the 3G subscribers and provide enterprise solutions to industry simultaneously.
Our target customer base will include International and Chinese traveler's utilizing the 3G network in China as an information platform for the traveler's convenience in Greater China.
Installation of 3G networks in China has had a very positive response from Wireless Mobile Advertisers.
Gross revenues for 2006 was 500 million RMB.
Gross revenues for 2007 over 700 million RMB.
Gross revenues for 2008 1.1 billion RMB.
Projected gross revenue for 2010 is 1.8 billion RMB. This sector has rapidly grown annually between 2005-2010.
The Company is currently negotiating through a third party to secure certain contracts with an Indian and a Chinese Company. The Contracts will be revenue sharing among principals and Operators.
The Company already has several applications such as messaging applications, text messaging and multimedia messaging, which continues to play a significant role in all aspects of the new business model with full implementation of 3G network in the country.
As announced by the telecommunications industry the implementation of 3G Networks (with over 340 million wireless customers) totaling over 700 million Mobile Wireless users.
About: Exchange Media Corp.
The Exchange Media audio/video content distribution platform will provide download service of audio/video content. Users will download audio/video content they like through logging on to the proprietary service website or OTA mode. The platform will actively send subscriber selected content to users and download to their mobile handheld device after payment confirmation.
The above mentioned service is designed, built and tested and will be fully implemented after the launch of the service website.
FORWARD LOOKING STATEMENTS
The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.
SOURCE Exchange Media Corporation