Hurray! News
Hurray! Named a 2006 Technology
Fast 50 Company in China’s by Deloitte
BEIJING, Nov.24 /Xinhua-PRNewswire/ -- Hurray! Holding Co., Ltd.
(Nasdaq: HRAY - News), a leader in wireless music distribution and
other wireless value-added services, artist development and music
production, and wireless value-added services management software
in China, today announced it has been named 2006 Technology Fast
50 Companies in China by Deloitte, with revenue growth of 169.75%
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 recognition
of Hurray!’s achievement and market leadership thus far, but also
drives us to continue our aggressive pursuit of our vision to build
Hurray! into a leading digital entertainment company in China.”
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! is a leading provider of music and music-related products
such as ringtones, ringback tones, and truetones to mobile users
in China through SMS, IVR, RBT, WAP, MMS and Java wireless value-added
services platforms over mobile networks and through the Internet.
The company also provides a wide range of other wireless value-added
services to mobile users in China, including games, pictures and
animation, community, and other media and entertainment services.
In addition, Hurray! is a leader in artist development, music production
and offline and online distribution in China through its majority
controlled record labels Huayi Brothers Music and Hurray! Freeland
Music.
Hurray! also designs, develops, sells and supports a service provisioning
and management software for mobile operators in China to manage
wireless value-added services.
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: 8610-84555532
yfmeng@hurray.com.cn
SOURCE: Hurray! Holding Co., Ltd.
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