InternetArray’s Noobis Plans China Expansion
18 Février 2009 - 5:30PM
Business Wire
Noobis Inc., an InternetArray (OTC: INAR) company, will now
include China as part of its international expansion and revenue
growth plans. Operational planning and development has already
begun for an online matchmaking service to be tested initially in
Kunming, the capital of Yunnan province in China.
�China has been a challenge for many companies because they do
not understand the culture and how to navigate its regulatory
environment like our people do,� stated Jon Brennan, President and
CEO of Noobis. �This is why we have chosen to start in Kunming, a
more progressive city where we have established relationships.�
Last year, the Wall Street Journal�s China Journal stated that
China had more Internet users than the US, growing 56.2% year over
year. In January, the Associated Press reported that number to be
298 million and only 22.6% of the overall population. �With these
numbers, we expect continued high growth rates for this region and
a significant opportunity for new and long-term revenue growth,�
continued Jon Brennan. The company recently acquired a Canadian
firm and partnered with another in the United Kingdom, both moves
providing new revenue growth already.
About InternetArray, Inc. (www.internetarray.com)
InternetArray, Inc. provides guidance and investment for
innovative, early stage Internet companies. The Company�s mission
is to identify and develop collaborative business partners into
viable and profitable companies.
About Noobis, Inc. (www.noobis.com)
Noobis, Inc. develops and integrates social media applications
and networks. In addition to building its own Internet assets and
technologies, Noobis works with clients and partners to leverage
the emerging social media marketplace.
This press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Exchange Act of 1934. These
forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management�s current views
and are based on certain assumptions. Actual results could differ
materially from the assumptions currently anticipated.
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