E Mobile Expands its Management and Acquires Best Rate Travel USA, Inc.
1 April 2006
E Mobile Information Technologies, Inc. (Pink Sheets:EMTK) announced today a change in management, and expansion in the broadband, Wi-Fi, mobile smartphone content market with an acquisition in the online travel market to take advantage of a growing ecommerce marketplace.
Dr. Nan Hu, the acting CEO, has stepped down and appointed Julie Aden as director and Adrian Stone as CEO and Chairman to the board of E Mobile. This action allows Dr. Hu to focus on managing subsidiary CHL's core business and to accelerate the research/development and rollout of its online content to smartphones in China.
Mr. Stone has over eight years as a senior technology executive emphasizing experience in the travel industry. His successful tenure with Viajo.com and its subsequent sale to Despegar, Inc. booking over $700 million annually. Julie Aden has 26 years of contract and project management experience in both public and private sectors.
Mr. Stone and his technology team have successfully completed the beta test of the new travel-booking engine which is ready for deployment in nine languages, slated within the next 60 days.
Mr. Stone states, "there are 4 components to our success: one, with the integration of CHL broadband delivery to smartphones and our travel portal we have an extreme advantage over the competition and limit our barrier of entry into early profitability;) two, an initial roll out of the travel portal to U.S. and China; three, a market reach to over 200 million people, with an established subscribers base of 200,000 within CHL's database; and four, the engagement of Total Communications, Inc. and Mascato Marsh and Partners, LLC., two major New York City advertising and media firms that will provide leverage in our media buying packages. These synergies created by our tight integration with mobile technologies places us in a unique position to take advantage of opportunities in the largest ecommerce market."
About E Mobile
E Mobile Information Technologies, Inc. (EMTK) is a broadband mobile content provider. The company, through its subsidiary CHL Technologies, Inc., provides entertainment and enterprise information management solutions for the wireless content market in the United States and internationally. The Best Rate Travel USA, Inc. subsidiary delivers clients everything they need for researching, planning, purchasing a trip, and post-sale support anytime, anywhere in the world via mobile devices, Internet and traditional brick and mortar offerings. The synergies created by our tight integration with mobile technologies places us in a unique position to take advantage of the opportunities in the largest ecommerce market. In addition, the company, through another subsidiary, RFTune, Inc., operates as a fabless radio frequency integrated circuit manufacturing company offering wireless system, chip design, and integrated circuits for the 802.11/Wi-Fi market.
More information about E Mobile Information Technologies can be found at:
http://www.chltec.com
http://www.mbook.com.cn
http://www.bestratetravelusa.com
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; the uncertainty of the internet and e-commerce market; including the travel and research and development of technology moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: E Mobile Information Technologies, Inc.
Adrian Stone, CEO
225 NE Mizner Blvd.
Suite 300
Boca Raton, FL 33431
561-620-3222
Fax: 561-620-7176
Source: primezone
All trademarks and copyrighted information contained herein are the property of their respective owners.
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