Thursday October 18, 4:47 pm ET
SANTA MONICA, Calif., Oct. 18 /PRNewswire-FirstCall/ -- MetaSwarm, Inc. (Pink Sheets: MSWM -News) today announced that its Beijing Infosure alliance has entered into a Memorandum of Understanding with a Beijing-based Information Technology ("IT") investment group to license Beijing Infosure's Mobile Message Organizer System. The Memorandum is non-binding on either party and may or may not lead to a binding final agreement.
Based on MetaSwarm's Hyperswarm Engine, the Infosure Mobile Message Organizer System performs as a user-friendly platform for mobile users to send, receive, store, search and organize short messages, multi-media messages, photos and music files between mobile terminals such as cell phones and the Internet. The system is integrated with MetaSwarm's powerful anti- spam and unsolicited messages filtering sub-system, which is in high demand from China's cellular users.
The service is expected to attract over one million subscribers within just twelve months of launch and is expected to jump to over ten million within three years, according to the investment group's forecasts. The investment group also conservatively projects that the revenue generated from service subscriptions, mobile advertisement and mobile e-commerce on the platform and the customer base they build will be over US$20 million in the third year after launch.
In addition to revenues from licensing fees, Infosure will receive a percentage of revenue as royalties and fees for continuous system services, technical support, and system upgrades. A final contractual agreement is expected to be finalized in two weeks time.
About Beijing Infosure
Beijing Infosure Technology Ltd. is the only proprietor 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 -News) 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.
About MetaSwarm Holdings, 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.
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, Inc.