Tuesday January 29, 4:05 pm ET
SANTA MONICA, Calif., Jan. 29 /PRNewswire-FirstCall/ -- MetaSwarm, Inc. (Pink Sheets: MSWM -News) today announced that its exclusive licensee in China, Beijing InfoSure Technology Ltd. (Beijing InfoSure) has entered into a framework agreement for strategic cooperation with Nanjing Chang Cheng Technology Ltd., one of the leading telecom service providers in China's Jiang Su Province. The partnership will seek to create a mobile phone value-added services system centered around MetaSwarm's ability to monitor and analyze the popularity of purchased music. According to Research and Markets, an Ireland-based global provider of market research and data, the total market size of China mobile value-added services (mobile phone ringtones, customized ringback tones and mobile music) reached US$5.7 billion in 2005 and hit US$7.9 billion in 2006, a 38.6% increase.
Nanjing Chang Cheng is a key provider of Caller Ring Back Tone ("CRBT") telemarketing, content digging and third-party music popularity assessment systems in the China market. The company is also a provider of communications equipment, software development and telecom value-added services. Nanjing Chang Cheng has entered into cooperative agreements with national and global content suppliers, such as the American Film Institute, China Record Corporation, the Music Copyright Society of China and TVB, in order to proactively address copyright issues in China. Helen Liang, Director of Digital Music for Beijing InfoSure, stated, "As the cooperation between Beijing InfoSure and Nanjing Chang Cheng becomes more efficient and mature, we look forward to additional areas of cooperation and revenue generation in this dramatically growing industry."
Subject to the agreement, Nanjing Chang Cheng will be responsible for content provision with integrated copyright provisions and content digging while Beijing InfoSure will use MetaSwarm's popularity assessment system and CRBT deployment for use in telemarketing, business operations and music value assessment.
About Beijing InfoSure
Beijing InfoSure Technology Ltd. is the exclusive licensee in China of the HyperSwarm Engine, a patent pending product of MetaSwarm, Inc. Based on the platform of the HyperSwarm Engine, Beijing InfoSure does research, development, design, and provides anti-spam and anti-phishing solutions as well as application services on message verification and information personalization.
About Nanjing Chang Cheng Technology Ltd.
Nanjing Chang Cheng Technology Ltd., jointly invested and owned by NUCTECH Co., Ltd. and Hong Kong DAT Group, is a Telecom Service Provider mainly targeting the telecom and information industry by providing content value- added services, private network operation and telecom value-added services. Its businesses also include investments in the Chinese communications industry, manufacturing of communications equipment and consulting on communications engineering and technology issues throughout China.
About MetaSwarm, 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.
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.