BEIJING, Jan 21, 2005 /Xinhua-PRNewswire via COMTEX/ -- KongZhong Corporation
(Nasdaq: KONG), a leading provider of advanced second generation (2.5G)
wireless value-added services in China, today announced that it has entered
into a three-year agreement with Hong Meng Cartoon Broadcasting Ltd (a.k.a.
Greatdreams), a producer of children's cartoon programs in China.
Under the terms of the agreement, KongZhong will have the exclusive right
to use content from Greatdreams' programs in a number of different KongZhong
wireless value-added service platforms, including SMS, IVR, MMS, Java, and
WAP.
KongZhong plans to launch its first set of services to coincide with a
special two-hour Chinese New Year's celebration program that has been produced
by Greatdreams and will be aired during the Chinese New Year holiday. These
services include interactive voice response hotlines on the networks of China
Netcom and China Telecom as well as SMS services through China Mobile, China
Netcom, China Telecom, and China Unicom.
Commenting on the occasion, KongZhong's Chairman and CEO, Yunfan Zhou,
said, "We are very pleased to be able to partner with Greatdreams. The
creative team at Greatdreams has had an excellent track record producing
cartoons for children. We believe its new cartoons should be well received by
children and parents alike and help us better serve the growing children's
market in China."
About KongZhong:
KongZhong Corporation is a leading provider of advanced second generation
(2.5G) wireless interactive entertainment, media, and community services to
consumers in China. The Company delivers a broad range of services, through
multiple technology platforms, which users can access directly from their
mobile phones by choosing an icon embedded in select models of handsets or
from a mobile operator's portal or web site.
About Hong Meng Cartoon Broadcasting Ltd:
For more information, visit the company's web site at
http://www.greatdreams.com.cn.
This press release contains "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 include
statements regarding our new products and services. These statements involve
risks and uncertainties and our actual results may differ materially from
those expressed or implied in the statements in this press release. Potential
risks and uncertainties include, but are not limited to, any uncertainties
associated with the challenges in and timing of the implementation of our
products and services using Greatdreams' cartoon programs and the level of
consumer demand for these products and services; the state of our relationship
with Greatdreams; continued competitive pressures in China's wireless
interactive services market; unpredictable changes in technology and consumer
demand in this market; the state of our relationship with China's mobile
operators; our dependence on the substance and timing or the billing systems
of mobile operators for our performance; and changes in our operating
environment, the character and effects of which are difficult to predict. For
additional discussion of these risks and uncertainties and other factors that
may impact the reliability of the forward-looking statements in this press
release, please see the documents we file from time to time with the
Securities and Exchange Commission. We assume no obligation to update any
forward-looking statements, which apply only as of the date of this press
release.
SOURCE KongZhong Corporation
Investor Contact - Richard Wei, Chief Financial Officer, Fax, +86-10-8857-5891,
ir@kongzhong.com, Skype ID, richard.wei, or Media Contact - Xiaohu Wang,
xiaohu@kongzhong.com, both of KongZhong Corporation, +86-10-8857-6000
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