MoqiZone Holdings Corporation Announces Commercial Launch of 802.16d WiMAX Base Stations in Chengdu China
11 December 2009 - 3:02AM
Marketwired
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.
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