Wednesday June 20, 4:05 pm ET
SANTA MONICA, Calif., June 20 /PRNewswire-FirstCall/ -- METASwarm, Inc. (Pink Sheets: MSWM -News) today announced that it has entered into 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 will play a crucial role in METASwarm's China expansion, particularly when the system initiates its nationwide rollout to a potential market of 445 million cellular phone users.
SGS China (SGS-CSTC Standard Technical Service Co. Ltd.) is a Swiss-Sino joint venture that is a part of China Standard. SGS China is the largest division of SGS, the world's leading inspection, verification, testing and certification company with 33 offices, 30 laboratories and over 4500 employees across China. SGS is widely recognized in the corporate and academic worlds as a global benchmark for quality and integrity. With more than 48,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world. SGS had global 2006 revenues of over $3 billion with net profits increasing 20% over 2005.
Marvin Shannon, CEO of METASwarm, said, "This strategic partnership with China Standard gives METASwarm tremendous credibility and built-in trust by the Chinese government. 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; this partnership is an extension that gives China Standard and SGS China reach into the online realm."
METASwarm has potential access to 445,000,000 unique users per day since it deals directly with the telecom service providers. In comparison, Google has less than 400,000,000 users per month -- worldwide. As a result of this historically unprecedented demand, METASwarm must be able to sustain a network that will bear the traffic. China Standard's technical abilities as well as its relationships with China Unicom and China Mobile, will be critical in METASwarm's national rollout.
About China Standard and SGS China
China Standard Technology Development Corporation is a state-run enterprise and is a major arm of the Chinese government in charge of standards development for multiple technologies and applications. The company has built long-standing and influential relationships with government authorities, academic institutions, technological groups as well as large-scale business enterprises in the China mobile communications arena. Of particular interest to METASwarm is China Standard's intimate business relationship with both China Unicom and China Mobile, China's two dominant cellular carriers.
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 expectations.
Source: METASwarm, Inc.