Contact Information: CONTACT: MoqiZone Holding Corporation For China: Lawrence Cheung +86 13918139797 For Hong Kong: Benjamin Chan +852 91622883 TriPoint Capital Advisors Mark Elenowitz (917) 512-0822
MoqiZone Holdings Corporation Announces Commercial Launch of 802.16d WiMAX Base Stations in Chengdu China
| Source: MoqiZone
CHENGDU, CHINA--(Marketwire - December 10, 2009) - MOQIZONE HOLDINGS CORPORATION (OTCBB : MOQZ ),
a leading digital entertainment delivery platform company that delivers
last mile connectivity to Internet Cafés across China via its proprietary
MoqiZone WiMAX Network, today announced that 2 wireless broadband base
stations with a total of 8 sectors were successfully installed in Chengdu
and are now available to service internet cafés in the northeast region of
Chengdu city. There are approximately 60 targeted internet cafés within the
5km coverage area. One of these stations is located on top of the main
building of Chengdu Electronic Information University. Additionally, the
base stations are connected to CERNET (China Education and Research
Network), a dedicated fiber optic network covering over 23 million students
at 1,800 colleges and universities nationwide.
As part of the initial launch in Chengdu, "Space Online Internet Café" and
"Wave-man Internet Café" are two local major internet cafés which have
connected to the MoqiZone WiMAX Network. These two cafés have more than
350 sets of computers connected to the network.
"We are extremely excited about the commercial launch of the second city in
the roll out of the MoqiZone WiMAX Network. The Chengdu roll-out is the
next step in establishing the national footprint for our network. With so
many online gamers from the CERNET network, we look to provide the internet
cafés a profitable and unique solution for their customers," stated
Lawrence Cheung, Chairman and CEO of MoqiZone Holding Corporation.
The Chengdu WiMAX base station installation is part of the continued
expansion of the build-out of a private network for Internet Cafés to
access MoqiZone games on its flagship B2C online game portal www.53mq.com.
53mq.com is a digital entertainment delivery platform that delivers online
content and games to Internet Cafés in China via the proprietary MoqiZone
WiMAX Network. The MoqiZone Network provides content delivery to the viral
online gaming market and connects game players to online content providers
utilizing a national WiMAX network. The MoqiZone Network utilizes a
centrally located base station to communicate with multiple wireless signal
receivers (CPE) installed on the rooftops of the member cafés of the
MoqiZone WiMAX Network. MoqiZone also plans to roll out the network in
Shangdong, Yunnan, Hubei, Hunan, Guizhou and Guangxi over the next twelve
months.
About MoqiZone
MobiZone Holdings Limited ("MobiZone"), a Hong Kong subsidiary of MoqiZone
Holdings Corporation, is a leading digital entertainment delivery platform
company that delivers last mile connectivity to Internet Cafés across China
via its proprietary MoqiZone WiMax Network. The MoqiZone WiMax Network
affords the Company with a sustainable, low-cost competitive advantage for
providing last mile connectivity for Internet Cafés, while increasing the
net economic benefit to the primary value chain participants -- the content
providers and the Internet Cafés. The MoqiZone WiMax Network is currently
being deployed in Beijing, Suzhou, Shenzhen & Chengdu in Sichuan; the
Company expects to deploy the Network in twelve additional cities within
the next twenty-four months.
FORWARD-LOOKING STATEMENTS
This release contains certain "forward-looking statements" relating to the
business of MoqiZone, which can be identified by the use of forward-looking
terminology such as "believes, expects" or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including all business uncertainties relating to reliance on
a limited number of customers, market demand, cyclical nature of our
markets, reliance on key personnel, future capital requirements,
competition in general and other factors that may cause actual results to
be materially different from those described herein as anticipated,
believed, estimated or expected. Certain of these risks and uncertainties
are or will be described in greater detail in our filings with the
Securities and Exchange Commission. These forward-looking statements are
based on MoqiZone's current expectations and beliefs concerning future
developments and their potential effects on the company. There can be no
assurance that future developments affecting MoqiZone will be those
anticipated by MoqiZone. These forward-looking statements involve a number
of risks, uncertainties (some of which are beyond the control of the
Company) or other assumptions that may cause actual results or performance
to be materially different from those expressed or implied by such
forward-looking statements. MoqiZone undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required under
applicable securities laws.