BEIJING, Nov. 5 /Xinhua-PRNewswire-FirstCall/ -- MyStarU.com, Inc. (OTC Bulletin Board: MYST), is pleased to give the following updates on its majority-owned subsidiary’s, Subaye.com, Inc. (“SUBAYE;” http://www.subaye.com ), recent events and growth strategy:
RECENT EVENTS
SUBAYE, the enterprise video web development, hosting, marketing and e-commerce service provider, has seen 9,912 companies become corporate video and B2B members thanks to China SMEs Fair and Canton Fair during September and October, with approximately 4,900 of them being existing members of Alibaba.com ( http://www.alibaba.com ).
SUBAYE has completed the acquisition of Media Group International Ltd. (“MGI”). MGI’s movie product placement business and Subaye.com’s video synergy of large sized companies presents advertising through movies, DVDs, TV and Subaye.com online enables anywhere anytime. MGI also provides more value-added services to the public company users by showcasing on SUBAYE’s Finance Video Channel. MGI also allows SMEs to add their video to DVDs allowing more targeted distribution to audiences, something the very much attracts SMEs to register on SUBAYE.
SUBAYE also recently launched its Finance Video Channel as a section on the portal ( http://subaye.cncspace.com ) of China Netcom Group Guangdong Company called Finance Video Channel ( http://subaye.cncspace.com/cjVideo/ ) in October. The channel is designed to provide official information and third party research reports with video sharing for public companies and for overseas listed companies intent on bringing presentations into the China investment community.
SUBAYE also launched its Products Channel ( http://www.subaye.com/Product/ ) in September, which is designed to drive new business for companies engaged in China’s domestic trade and for overseas sellers intent on selling into China. This channel was successfully presented to exhibitors of China’s two largest fairs, and more importantly is has allowed all SME members to use Product Video to promote on any e-commerce website and this has complemented other e-commerce websites, with most users respecting the enhancement of its performance in the B2B marketplace with increased product views and inquiries. The Product Channel also attracts C2C web shop owners who purchase and sell goods through video online links, to increase sales and reduce purchasing costs for more than 10,000 web shop owners from our business partner X381.com ( http://www.x381.com ), which hosts 10,000 owners of web shops in Taobao.com ( http://www.taobao.com ), qq.com ( http://www.qq.com )and eBay.com ( http://www.ebay.cn ).
Finally, SUBAYE has executed a cooperation with China Netcom, with a lower cost bandwidth and storage fees through sharing revenue of a co-branded channel on its portal ( http://subaye.cncspace.com ), and they also refer their business users to become SUBAYE members.
NEXT STEP
Currently, SUBAYE generates between 550-700 new online registrations per day, 300 of them are existing members from ALIBABA, who is skilled at sharing their B2B video experience to relating parties such as suppliers and customers, who register on SUBAYE directly. Approx 200 users come from Google’s ( http://www.google.cn ) alliance websites. Google agreed to launch the refer program that recommends all its advertisers to become SUBAYE members with benefits from SUBAYE video promotions on Google.
SUBAYE is now discussing with China Telecom, through its business partner Videowl Network ( http://www.videowl.com ) to delivers SUBAYE content to 300 city info portal websites through subsidiary’s of China Telecom’s local operations. Videowl Network is currently running its video box conjunctions of any size for websites without video functions, targeting 1.3 million websites in China.
SUBAYE is also in discussion with Google. Google will create “Business Video Search” on www.google.cn, and SUBAYE will provide content for search results. They will update and report progress over periods of time.
Subaye.com’s traffic is growing fast, currently ranging from 100,000 to 150,000 unique visitors daily. SUBAYE plans to increase investment to marketing and promotion to help push traffic up to 400,000 to 500,000 unique visitors daily in December.
About MyStarU.com, Inc.
Mystaru.com, Inc. (MYST) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Mystaru.com, Inc. does business in Asia via its wholly-owned subsidiaries, Mystaru Ltd. (formerly known as IC Star MMS, Ltd. http://www.mystaru.com , http://www.skyestar.com , http://www.goongreen.org , http://www.icurls.com ) Guangzhou TCOM Computer Technology Limited and majority owned subsidiary Subaye.com, Inc. ( http://www.subaye.com ).
Safe Harbor
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company’s products in the marketplace, competitive factors and other risks detailed in the Company’s periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For more information, please contact:
Ms. Shirley Li
Mystaru.com, Inc.
Email: IR@mystaru.com
