ATLANTA and SHANGHAI, People's Republic of China, Oct. 20, 2004 (PRIMEZONE) -- The Management of Asia Broadband, Inc. (Pink Sheets:ASAB) is pleased to announce that China's leading kids Internet portal www.chinakids.net.cn (Chinakids) has adopted the Company's online IE21 E-Ya Kids English program as the major kids English learning content for its nationwide online pre-paid card product line.
The Company has entered a three-year sales and distribution partnership agreement with Chinakids through its China subsidiary, Shanghai Broadband Network, Inc. This partnership provides a nationwide sales and distribution channel for the IE21 E-Ya kids English online program.
The partnership agreement becomes effective October 2004 and states that Chinakids will include the IE21 E-Ya Kids English online program (www.eyakids.com) to its pre-paid "Kids Card" product line which is being distributed nationwide to enable children to access online educational content. The online pre-paid cards give users access to educational games and learning programs provided by Chinakids' key content partners.
Yuguo Zhang, the CEO of Asia Broadband and Shanghai Broadband said: "We are very pleased that Chinakids selected our state-of-the-art game-based E-Ya Kids English learning program as their primary kids English learning online program. This partnership will help us solidify a strong position in the retail market while expanding the distribution area of our Interactive Education-IE21 programs and solutions."
"According to the Agreement, Chinakids has given us a commitment to distribute a minimum of 50,000 sets of its pre-paid 'Kids Card' with our E-Ya Kids online English program, this will bring us a very solid incremental revenue stream for our kids English programs," Mr. Zhang added.
Chinakids is the leading kids Internet portal in China. It was ranked as a "Top Ten Culture and Education Internet Portal" in China by the Ministry of Information. With its main portal in Shanghai and 11 mirror sites in major cities, Chinakids has 6.5 million registered users, over 150,000 visitors and 15 million pageviews every day.
About Asia Broadband Inc.
Asia Broadband Inc. (Pink Sheets: ASAB) is wholly focused on becoming the leading provider of online educational programs in China and throughout Asia. Asia Broadband operates in China through its 95% owned and controlled Chinese subsidiary Shanghai Broadband Network, Inc.