TechFaith Subsidiary to Launch 16 Mobile Game Titles BEIJING--(Marketwire - 05/04/09) - China Techfaith Wireless Communication Technology
Limited ("TechFaith") (NASDAQ:CNTF - News) today announced that its subsidiary,
One Net Entertainment Ltd., will launch 16 mobile massive multiplayer
online role-playing game (MMORPG) titles on its Chinese mobile games
website www.798uu.com in June. The first title, "Winds and Clouds", is One Net Entertainment's first MMORPG for mobile phones that was self-developed in-house. Winds and Clouds is based on a legendary tale of three kings seeking to rule the world. Fifteen additional mobile games are planned to launch at the same time. These licensed titles feature the action and mystery genres. The games will be available for free download, with gamers being charged for the purchase of playing time, weapons or other props. One Net Entertainment is leveraging an integrated model of using a combination of self-developed as well as co-developed and licensed content, as such strategy is designed to help it launch games faster and more efficiently. Today's news follows the announcement on March 9, 2009 that One Net Entertainment would launch three separate MMORPGs in China for PC online gamers on its website www.798game.com. Mr. Defu Dong, the Chairman and Chief Executive Officer of TechFaith, said, "This is a big step forward for our gaming business. We believe the key to success will be having compelling titles that can gain sustainable traction with gamers in both a mobile and PC environment via our websites www.798uu.com and www.798game.com, respectively. Our goal is for both www.798uu.com and www.798game.com to become viable, stand alone, profit-generating entities." About TechFaith TechFaith (NASDAQ:CNTF - News) is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 700 professionals, of whom approximately 90% are engineers. TechFaith engages in the development and production of middle to high end handsets and tailor made handsets. TechFaith's original developed products include: (1) multimedia phones and dual mode dual card handsets of multiple wireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA, GSM/TD-SCDMA and UMTS/CDMA; (2) Window based smartphone and Pocket PC phone; and (3) handsets with interactive online gaming and professional game terminals with phone functionality. With the capability of developing MMI/UI software on 2G/2.5G(GSM/GPRS, CDMA1X), 3G(EV-DO, WCDMA/UMTS, TD-SCDMA) and 3.5G(HSDPA) communication technologies, TechFaith is able to provide MMI/UI software packages that fulfill the specifications of handset brand owners and carriers in the global market. For more information, please visit www.techfaithwireless.com About One Net Entertainment Ltd. Based in Beijing, One Net Entertainment is a wholly-owned subsidiary of China Techfaith Wireless Communication Technology Limited ("TechFaith") (NASDAQ:CNTF - News). One Net Entertainment is targeting both the mobile and online PC gaming markets through its websites www.798uu.com and www.798game.com, respectively. One Net Entertainment is leveraging an integrated model of using a combination of self-developed as well as co-developed and licensed content, as such strategy is designed to help it launch games faster and more efficiently. Three massive multiplayer online role-playing games (MMORPGs) are planned to launch in 2009 for online PC users on www.798game.com. 16 titles are planned to launch in June for mobile gamers on the company's Chinese mobile games website www.798uu.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates, "future," "intends," "plans," "believes," "estimates," "confident," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, the global economic downturn and a further slowdown in the growth of China's economy, TechFaith's limited operating history, TechFaith's ability to effectively manage its business operations and control cost, loss of TechFaith's customers and claims against TechFaith due to defects in its designs or other reasons, TechFaith's limited insurance coverage and its exposure to product liability and product recall, TechFaith's ability to retain existing or attract additional domestic and international customers, TechFaith's earnings or margin declines, failure to compete against new and existing competitors, mobile handset brand owners' discontinuation or reduction of the use of independent design houses, and other risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. All information provided in this press release is as of the date of this press release, and TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Contact:
Source: China Techfaith
|  |
