/ CORRECTION - Engage Mobility Signs Joint Venture Agreement With Chinese Partners
October 03 2013 - 4:10PM
Marketwired
In the news release, "Engage Mobility Signs Joint Venture Agreement
With Chinese Partners," issued earlier today by Engage Mobility
(OTCQB: ENGA), we are advised by the company that the Engage
Mobility boilerplate and the Safe Harbor paragraphs should have
been included in the original release. Complete corrected text
follows.
Engage Mobility Signs Joint Venture Agreement
With Chinese Partners
Company Teams Up With Government Backed Xinhua Ruide for China
Product Launch
ORLANDO, FL -- Oct 3, 2013 -- Engage Mobility, Inc. (OTCQB:
ENGA) a leader in mobile marketing technology and big data delivery
has reached an agreement with Chinese government backed Xinhua
Ruide Technology Co., Ltd. (Xinhua) and Shenzhen Zhichengxin Equity
Investment Fund Management, Ltd. for the establishment of a joint
venture to roll out a Chinese version of the Engage Mobile
Engagement System by the end of 2013.
On Tuesday the parties concluded two days of meetings and
negotiation in San Diego, California, emerging from the meetings
with a deal in hand to launch a first of its kind mobile augmented
reality, cloud based video and big data platform throughout China.
A formal Memorandum of Understanding was executed by the parties on
October 1, providing for a roll out of the Chinese platform within
90 days, subject to execution of final agreements, which is to take
place in Beijing on November 6.
Xinhua is a subsidiary of Datang Telecom Technology Co., Ltd.,
which is a government owned company traded on the Shanghai Stock
Exchange. Xinhua will provide the full sponsorship and backing of
the Chinese government for the Engage China joint venture.
Jim Byrd, Engage CEO, stated: "This is obviously a huge day for
Engage, as we have been able to strike a deal with both Xinhua and
with our partner Shenzhen for the development and launch of our
Mobile Engagement System in China. China is by far the largest and
most prolific mobile market in the world, and we are thrilled that
we will now have the opportunity to bring our amazing technology
and platform to the People's Republic. To be able to do so with the
sponsorship and support of the Chinese government is a huge
advantage for us, and we are so happy for our shareholders that we
have been able to reach an agreement with our new Chinese
partners."
Engage recently released the U.S. version of its Mobile
Engagement System which combines disruptive augmented reality
technology with a proprietary video delivery platform, a mobile CRM
and Dynamic Data delivery and management system. The Engage
Mobility app is now available as a free download in both the iTunes
and Google Play stores. The Company began selling the Mobile
Engagement System in the U.S. in August and is now planning a roll
out of the system in other countries, beginning with China.
To view a video press release of this announcement, click
here:
http://cdn.engagemobility.com/Videos/press/pr_en_ch_1032013.php
About Engage Mobility, Inc. Engage
Mobility, Inc. (OTCQB: ENGA) is a provider of mobile marketing
technologies and solutions that help businesses acquire new
customers and keep existing customers engaged. Augmented reality
content, mobile coupons, push notifications, geo-targeting and
loyalty rewards programs are all used to build brand loyalty. The
Company's pricing model enables businesses of every size to realize
a superior return on their mobile marketing dollar. Gartner Group
forecasts $21 billion will be spent on mobile ads by 2015. The
Mobile Engagement System® is a proprietary technology that delivers
a value-added service to the consumer and corporate customers. The
system integrates a cutting-edge augmented reality app with a
proprietary cloud-based video delivery system, a mobile CRM,
Dynamic Data® delivery system, and access to Engage's substantial
database of over 40 million consumers and businesses. Engage
operates from offices in Orlando, Kansas City and Salt Lake
City.
Disclaimer Regarding Forward Looking
Statements Any statements contained herein that are not
historical facts are "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. These forward-looking
statements are made subject to certain risks and uncertainties,
which could cause actual results to differ materially from those
presented. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only to the date such
information was released. The Company undertakes no obligation to
publicly revise these forward-looking statements to reflect events
or circumstances that arise after release of this information.
Image Available:
http://www2.marketwire.com/mw/frame_mw?attachid=2422268
Add to Digg Bookmark with del.icio.us Add to Newsvine
Robert Haag IRTH Communications Email Contact 1-866-976-IRTH
(4784)
Engage Mobility (PK) (USOTC:ENGA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Engage Mobility (PK) (USOTC:ENGA)
Historical Stock Chart
From Jul 2023 to Jul 2024