Hurray! News
Hurray! Named a 2005 Technology
Fast 50 Company in China’s by Deloitte
Revenue growth of 408% over the past three years
BEIJING, Nov.23 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd.
(Nasdaq: HRAY - News), a leading provider of advanced wireless value-added
services and mobile telecommunication network software in the People’s
Republic of China, today announced it has been named 2005 Technology
Fast 50 Companies in China by Deloitte, with revenue growth of 408%
over the past three years.
Commenting on this announcement, QD Wang, Chairman and Chief Executive
Officer of Hurray!, said, “We are honored to receive the renowned
award for the second consecutive year. It not only serves as a recognition
of Hurray!’s achievement and market leadership thus far, but also
drives us to continue our pursuit of business growth and operations
excellence. We are committed to achieving sustained and differentiated
growth in the long run.”
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and affiliates.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu
nor any of its member firms has any liability for each other's acts
or omissions. Each of the member firms is a separate and independent
legal entity operating under the names "Deloitte", "Deloitte
& Touche", "Deloitte Touche Tohmatsu" or other
related names. Services are provided by the member firms or their
subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu
Verein.
About Deloitte Technology Fast 50 worldwide
Established in the US in 1995, the Deloitte Technology Fast 50
ranks the 50 fastest growing technology companies by geographic
region. The program operates independently in 10 countries outside
of the United States.
About Hurray! Holding Co., Ltd.
Hurray! provides wireless value-added services such as ringtones,
picture downloads, community and entertainment services to mobile
users in China. The company is one of the market leaders in providing
these services using wireless application protocol, commonly referred
to as WAP, in China. WAP services are offered through the advanced
2.5G mobile networks, the most advanced broadly available mobile
networks deployed in China. Hurray! also offers these services through
2G mobile networks.
In addition, Hurray! designs, develops, sells and supports a service
provisioning and management software that is used by China Unicom,
one of the two principal mobile operators in China, to support its
2.5G services platform.
Forward-looking Statements
This press release contains statements of a forward-looking nature.
These statements are made under the "safe harbor" provisions
of the U.S. Private Securities Litigation Reform Act of 1995. You
can identify these forward-looking statements by terminology such
as "will," "expects," "believes" and
similar statements. The accuracy of these statements may be impacted
by a number of business risks and uncertainties that could cause
actual results to differ materially from those projected or anticipated,
including risks related to: Hurray!'s ability to maintain its leading
position in the market for wireless value-added services in China,
including its ability to anticipate or address changes in technologies
and user preferences in an effective and timely manner; the risk
that Hurray's profitability may be adversely affected in future
periods for a variety of reasons, many of which may be beyond management's
control; the state of Hurray!'s relationships with China's mobile
operators; and other risks outlined in Hurray!'s filings with the
Securities and Exchange Commission, including its registration statement
on Form F-1, as amended. Hurray! does not undertake any obligation
to update this forward-looking information, except as required under
applicable law.
For more information, please contact:
Phoebe Meng
Investor Relations Manager
Tel: 8610-6518-8989 ext 6806
yfmeng@hurray.com.cn
SOURCE: Hurray! Holding Co., Ltd.
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