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WirelessDevNet.com Press Release
Hurray! Announces the Notice of Operators Sanctions
BEIJING, Jan. 27 -- Hurray! Holding Co., Ltd.
(Nasdaq: HRAY), a leader in advanced wireless value-added services, digital
music production and distribution, and mobile telecommunication network
software in the People's Republic of China, today announced that Beijing
Enterprise, one of Hurray operating companies providing WAP services through
China Mobile, has been issued a sanction by China Mobile for improper
promotion of one of its WAP services. As part of the sanction, China Mobile
has downgraded all Beijing Enterprise WAP services to the bottom of menu and
temporally suspended the approval of new service applications on all platforms
(including Java, MMS, WAP, CRBT, IVR, and SMS) by Beijing Enterprise and joint
promotions with Beijing Enterprise.
Separately, Hurray Solutions, one of Hurray operating companies providing
SMS services through China Unicom has received an one time fine of
approximately US$700,000 from China Unicom for delivering one of its SMS
services not in accordance with the terms in its original service application
approved by China Unicom.
Commenting on the incidents, QD Wang, Chairman and CEO of the Company,
said, ''We regret what happened and rectified the situation as soon as we
could. We are working closely with China Mobile to minimize the impact this
sanction may have on our business. We already provide wireless value added
services on the Java, MMS, WAP, IVR, CRBT and SMS platforms and through
multiple operating units including Beijing Enterprise on a national basis. We
will focus our near-term efforts on promoting services through our other
operating companies. We believe the China Mobile sanction, while creating
short term pressure on Beijing Enterprise's business, should not have lasting
impact on our consolidated results beyond a quarter or two.''
''As to the China Unicom fine,'' Mr. Wang continued, ''we have resolved
the SMS service application issue with China Unicom and have taken this
opportunity to better understand China Unicom's rules and procedures and to
improve our operations process. The one time fine will be recorded in Q4,
2005 and we expect limited going forward impact on our results of operation.''
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!
focuses on digital music production and distribution.
Hurray! also 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.
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