KongZhong Corporation Raises Fourth Quarter 2007 Revenue Guidance
17 Décembre 2007 - 1:30PM
PR Newswire (US)
BEIJING, Dec. 17 /Xinhua-PRNewswire/ -- KongZhong Corporation
(NASDAQ: KONG), one of China's leading providers of wireless
value-added services and a wireless media company providing news,
content, community and mobile advertising services through its
wireless Internet sites, today raised its revenue guidance for the
fourth quarter of its 2007 fiscal year. KongZhong now expects its
fourth quarter revenues to be between US$ 18.5 million and US$ 19.5
million, an increase of US$ 1 million from its previous guidance of
US$17.5 million to US$18.5 million. The revised revenue guidance is
the result of stronger than expected seasonal performance of
KongZhong's wireless value-added services. Nick Yang, KongZhong's
President, commented, 'We are happy about the performance to date,
with the improvement of our wireless value-added services business
segment. We will continue to focus on the development of our
wireless Internet business and the wireless value-added services
business, and continue to be a provider of the full range of mobile
services including wireless value-added services, wireless Internet
and mobile advertising, mobile games development and operation, and
mobile search.' About KongZhong KongZhong Corporation is one of
China's leading providers of wireless value-added services and a
wireless media company providing news, contents, community and
mobile advertising services through its wireless Internet sites.
The Company delivers wireless value-added services to consumers in
China through multiple technology platforms including wireless
application protocol (WAP), multimedia messaging service (MMS),
JAVA(TM), short messaging service (SMS), interactive voice response
(IVR), and color ring-back tone (CRBT). The Company also operates
three wireless Internet sites, Kong.net, Ko.cn and cn.NBA.com,
which enable users to access media, entertainment and community
content directly from their mobile phones. Safe Harbor Statement
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. Such forward-looking
statements include, without limitation, statements regarding trends
in the wireless value-added services, wireless Internet and mobile
advertising industries and our future results of operations,
financial condition and business prospects. Although such
statements are based on our own information and information from
other sources we believe to be reliable, you should not place undue
reliance on them. These statements involve risks and uncertainties,
and actual market trends and our results may differ materially from
those expressed or implied in these forward looking statements for
a variety of reasons. Potential risks and uncertainties include,
but are not limited to, continued competitive pressure in China's
wireless value-added services, wireless Internet and mobile
advertising industries and the effect of such pressure on prices;
unpredictable changes in technology, consumer demand and usage
preferences in this market; the state of and any change in our
relationship with China's telecommunications operators; our
dependence on the billing systems of telecommunications operators
for our performance; changes in the regulations or policies of the
Ministry of Information Industry and other relevant government
authorities; and changes in political, economic, legal and social
conditions in China, including the Chinese government's policies
with respect to economic growth, foreign exchange, foreign
investment and entry by foreign companies into China's
telecommunications market. For additional discussion of these risks
and uncertainties and other factors, 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. DATASOURCE:
KongZhong Corporation CONTACT: Investor Contact, Sam Sun, Chief
Financial Officer, +86-10-8857- 6000, or fax, +86-10-8857-5891, or
, or Media Contact, Xiaohu Wang, Manager, +86-10-8857-6000, or fax,
+86-10-8857-5900, or , both of KONG
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