Thursday March 6, 4:30 pm ET
BEIJING, March 6 /PRNewswire-FirstCall/ -- MetaSwarm, Inc. (Pink Sheets: MSWM -News) today announced that Beijing InfoSure Technology, Ltd, the exclusive licensee of MetaSwarm's Hyperswarm engine in China, announced the appointment of Ms. Yuan Feng as Director of New Media Operations in China. The potential market opportunity for MetaSwarm in China is over 1 billion people. Today, there are currently 540 million cell phone subscribers(1), 210 million Internet users(2) and a TV audience of over 460 million people in China(3).
Effective immediately, Ms. Feng will oversee development of InfoSure's video content and advertising business opportunities in mobile, Internet and television communities in mainland China. Ms. Feng's responsibilities will include the seamless integration of MetaSwarm's Hyperswarm engine with MetaSwarm's video and advertising content for all forms of new media in China.
Ms. Feng recently served as China Interactive Media Online's Director of Media Operations. Her responsibilities included strategy and business development, business model design and implementation, as well as coordinating and maintaining the relationships with its carriers. Ms. Feng was also in charge of the marketing, promotion and operation of interactive and mobile value-added services based on telecom, Internet and television programs.
Prior to her tenure as a Director at China Interactive Media, she was employed by China Strategy Co. Ltd. At China Strategy, she led the company's professional and consultation services to companies such as Goldman Sachs, J&W Seligman Company, Dreyfus Investment Fund Company of New York, China Mobile and Siemens.
Marvin Shannon, Chairman and Chief Executive Officer of MetaSwarm commented, "Ms. Feng's agreement to become InfoSure's Director of New Media Operations in China is very important to the success of our company. Her knowledge of new media and the relationships that she has developed with some of the world's largest companies will be very helpful as we continue the rollout of our technology platform in China."
Ms. Feng holds a degree in Business English Study from Chengdu University of Technology and obtained an advanced degree in Financial Management from Remnin University in 2001.
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.
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.
About Beijing InfoSure
Beijing InfoSure Technology Ltd. is the only licensee 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.
(1) Over 500 million cellular phone users in China: 376,383,000 users on China Mobile @ http://www.chinamobileltd.com/ 163,919,000 users on China Unicom @
(2) Over 210 million Internet users: http://www.chinatechnews.com/2008/01/17/6302-chinese-mainlands-internetpopulation-tops-200-million/
(3) 470 million TV users in China:
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
Contact: Marvin Shannon -- Chief Executive Officer
Phone: (626) 792-0153