Hurray! Named a 2005 Technology Fast 50 Company in China by Deloitte
25 November 2005
Hurray! Holding Co., Ltd. (NASDAQ: HRAY) , 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 2005Technology 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 intechnolo gies 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 Officer
Tel: +8610-6518-8989 x6806
Email: yfmeng@hurray.com.cn
Website: http://www.hurray.com/
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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