Tuesday May 1, 4:05 pm ET
SANTA MONICA, Calif., May 1 /PRNewswire-FirstCall/ -- METASwarm Holdings, Inc. (Pink Sheets: MSWM -News) today announced its acquisition of 100% of Beijing Infosure Technology Ltd., a Chinese company with an exclusive agreement with China Unicom 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 master licensee of METASwarm's technology in China and the relationship between InfoSure and China Unicom is based on this licensed technology. Beijing InfoSure will be coordinating the project through China Unicom's HeNan office ("HeNan Unicom"). HeNan Unicom will be providing METASwarm with all necessary specialists, facilities and the working site to assist and support InfoSure's localization of its "Mobile Info-System" and on-site trial test. Both HeNan Unicom and InfoSure will, upon the successful localization and on-site test of the system, work together to promote the national distribution of METASwarm's technology. Both parties will cooperate through:
1) Localization of METASwarm's "Mobile Info-System", including development of local system management, system interfaces, product/user interfaces and local commercialization of the system, to meet China's market requirement;
2) Carrying out on-site trial tests of METASwarm's "Mobile Info-System";
3) Building and operating a live trial-run "Mobile Info-System";
4) Introducing and promoting METASwarm's "Mobile Info-System" to China mobile market.
About Beijing InfoSure
Beijing InfoSure Technology Ltd. was established by leading Chinese IT veterans with decades of business development and operational experience in China's telecommunications and IT industries. The founders had built extensive and in-depth business and personal relationships with top Chinese government authorities, national telecommunications operators as well as successful Internet and communications operations and value-add service providers across China.
Today, Beijing InfoSure is focusing on providing information assurance services to government authorities, communication carriers, ISP, IDC and financial markets based on METASwarm's "Hyperswarm Engine" and related technology and solutions. Beijing InfoSure has a proprietary mobile information management system and related technologies ("Mobile Info-System"), including User Subscription system, bulk information/short message management system and message validation system. It plans to carry out the system localization, including development of local system interface, user interface and local system management, as well as run on-site trials of the system in China. InfoSure expects to introduce the "Mobile Info-System" to the China mobile market in the shortest time possible.
About METASwarm Holdings, Inc.
MetaSwarm Holdings, 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 Announces Partnership With China Unicom: Financial News -Yahoo! Finance Page 2 of 2
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.
Source: METASwarm Holdings, Inc.