MetaSwarm Announces Exclusive Licensing Agreement for Music Rights in China
March 04 2008 - 4:05PM
PR Newswire (US)
MetaSwarm Joins Google and Baidu in the Digital Music Market in
Mainland China BEIJING, March 4 /PRNewswire-FirstCall/ --
MetaSwarm, Inc. (Pink Sheets: MSWM) today announced that it has
signed an exclusive agreement with Beijing InfoSure Technology Ltd.
to market ringtone music titles to be licensed by MetaSwarm. The
agreement grants Beijing InfoSure the right to telemarket the music
anywhere in mainland China and the right to distribute ringtones
and callback tones on mobile phones, telecommunication value-added
services and mobile Internet devices. Complete music titles will
also be available to business establishments through licensing
agreements. The agreement will initially encompass a catalog of
Chinese music and ringtone titles licensed to Beijing InfoSure but
will subsequently encompass catalogs from outside China during the
first two years of the agreement due to potential licensing deals
that MetaSwarm is negotiating. MetaSwarm's responsibilities will
include the negotiation and licensing of music from content
providers in the United States and throughout the world. Beijing
InfoSure's duties will include the promotion, distribution network
construction and sales. Due to the nature of the service, potential
revenues are based on how much content MetaSwarm can bring into the
distribution channel as well as the number of people who will
access the content. MetaSwarm anticipates potential 2008 revenues
of US$1.6-2.3 million from these music rights, assuming no
expansion of geographic service areas. Revenues are expected to
increase in 2009 to US$800,000 to $1.1 million per month once the
licensing agreements and technology are fully in place. This would
potentially bring additional revenues of US$9.6-13.2 million to
MetaSwarm in 2009 on the music rights business alone, assuming no
expansion into additional provinces in China. The Mobile Ringtone
Market in China As a result of the proliferation of social networks
in China, there is a large demand for diverse inventories of ring
tones and other licensed music in China. According to a recent
speech given by the Chairman of the International Federation of the
Phonographic Industry, the international record companies operating
in China derive 15% of industry revenues from sales of music via
mobile phones. According to Chinese news site ChinaByte
(http://data.chinabyte.com/142/2307642.shtml) China Mobile, China's
largest cellular phone service provider, had 400 million users as
of the end of 2007, of which 270 million were caller ringback tone
("CRBT") subscribers. In comparison, the entire population of the
United States is about 300 million. One of the areas in which the
telecommunications giant sees the most growth is in value-added
services, such as CRBT. China Mobile noted that it generated
approximately US$1.4-1.74 billion in revenues from CRBT
subscriptions in 2007, an 18.54% increase over the same period in
2006. China Mobile predicts that the number of CRBT users in China
will increase to 300 million and that annual revenues are expected
to exceed approximately US$20 billion by 2010. About MetaSwarm,
Inc. MetaSwarm, Inc. is headquartered in California and is focused
in the information technology industry. MetaSwarm specializes in
personal and commercial information assurance solutions, including
anti-fraud, anti-spam, and relationship analysis solutions for the
Internet e-commerce markets. Specifically, MetaSwarm products
provide applications for message management, message and website
validation, and message and website analysis for email, cell phone
text messaging (SMS), instant messaging (IM), and web pages.
MetaSwarm has a strategic partnership with China Standard
Technology Development Corporation, the SGS China JV partner in
China, to support and manage the Company's technology network in
China. China Standard will manage the MetaSwarm government
validated messaging system through their own data center and will
also install, validate and manage all of the hardware for
MetaSwarm's technology. China Standard's JV company, SGS China,
currently issues many of the certificates of validation for
imports/exports as well as quality assurance for China's government
so this partnership is an extension that gives China Standard and
SGS China reach into the online realm. China Standard will play a
crucial role in MetaSwarm's China expansion, particularly when the
system initiates its nationwide rollout to a potential market of
455 million cellular phone users. About Beijing InfoSure Beijing
InfoSure Technology Ltd. is the only licensee of the Hyperswarm
Engine patent pending products of MetaSwarm, Inc. Beijing InfoSure
surfs on top of the leading tide of the state-of-the-art
technologies in the world. Based on the platform of the Hyperswarm
Engine, it does R&D and design, provides solutions against
various digital information, including high efficient anti-spam
solutions in email and SMS, anti-phishing solutions, as well as
solutions and application services on message verification,
information personalization, etc. Beijing InfoSure has an exclusive
agreement with China Unicom (NYSE:CHU) to install MetaSwarm's
technology onto one of China's largest cellular networks. As of
December 31, 2006, China Unicom served over 140 million cellular
subscribers and is the world's third largest mobile phone operator.
To date, China Unicom is the only licensed full telecom service
provider in China, with services spanning fixed-line to mobile, IP
telephony, data and Internet. Beijing InfoSure is the exclusive
licensee of MetaSwarm's technology in China and the relationship
between Beijing InfoSure and China Unicom is based on this licensed
technology. Safe Harbor Statement Under The Private Securities
Litigation Reform Act of 1995: Except for historical information
contained herein, the statements in this news release are
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause a company's actual results,
performance and achievement in the future to differ materially from
forecasted results, performance, and achievement. These risks and
uncertainties are described in the Company's periodic filings with
the Securities and Exchange Commission. The Company undertakes no
obligation to publicly release the results of any revisions to
these forward-looking statements that may be made to reflect events
or circumstances after the date hereof, or to reflect the
occurrence of unanticipated events or changes in the Company's
plans or expectation Contact: Marvin Shannon -- Chief Executive
Officer Phone: (626) 792-0153 DATASOURCE: MetaSwarm, Inc. CONTACT:
Marvin Shannon, Chief Executive Officer of MetaSwarm, Inc.,
+1-626-792-0153
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