XI'AN, China, April 4 /Xinhua-PRNewswire-FirstCall/ -- ALONG Mobile Technologies Inc. (OTC: AGMB), a leading provider of wireless interactive entertainment products and services to customers in China, today announced its first quarter unaudited financial results, ending March 31, 2007.
Net Revenue for the first quarter of 2007 was $2,691,423, an increase of 107.6% compared with Net Revenue of $1,296,159 for the fiscal first quarter of 2006.
Net Income for the fiscal first quarter of 2007 was $1,458,236, an increase of 105.8% compared with Net Income of $710,843 for the fiscal first quarter of 2006.
Mr. Wang Zhen, the CFO of ALONG Mobile, stated, "The significant increase in revenues in the first quarter of 2007 was mainly due to the success of ALONG's continuous efforts to expand its network of downloading terminals from the whole fiscal year of 2006, where by the first quarter of 2007, ALONG has owned more than 2,000 terminals around the western and middle regions of China." He went on to say, "Our revenue also increased significantly due to our Marketing strategy, as we conducted a variety of advertising and marketing campaigns over 2006."
Forward-looking Statement
Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas, or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information.
About ALONG
ALONG Mobile Technologies, Inc. is a mobile value-added services provider in the PRC. The Company designs, produces, publishes, manufactures, provides and distributes proprietary wireless entertainment applications such as ring- tones, games, images, videos and e-books to its customers. Our Wireless Applications are intended to be downloaded by our customers on a fee-basis by means of our proprietary public downloading terminals which are installed by us in strategic locations such as shopping centers, universities, entertainment centers, cinemas, hotels, airports, restaurants and parks. Interaction enriches your life. For more information about ALONG, please visit http://www.alongmobile.com . Our customers will soon be able to download our games via the internet from the website http://www.whatplay.cn .
For more information, please contact:
ALONG Mobile Technologies Inc.
Michael Wang
Tel: +86-29-8836-0097
Fax: +86-29-8836-0090
Email: michaelwang@alonggame.com
Web: http://www.alonggame.com
