Telecom Communications, Inc. (OTCBB: TCOM)
Subaye.com Records Monthly Fee Revenue of $1.1 Million in December
3000 Subaye Alliance Members For Internet Corporate Video Distribution Services Focus on 20 Million SMEs in China
HONG KONG/Xinhua-PRNewswire-FirstCall/ — Telecom Communications, Inc. (OTC Bulletin Board: TCOM – News), the Total Solutions Provider, announced that in December 2006 its subsidiary, Subaye.com corporate video sharing channel, secured more than 21,000 corporate video users for its services, which include production, upload, storage, sharing and publishing onto more than 30 main video sharing portal websites. $1.1 million in income from monthly fees was generated in December, representing over 64% growth on the $0.67 million recorded in November.
The $60 monthly fee for each corporate user of Subaye.com Internet Corporate Video services was charged from November 1. Almost 90% of users paid the monthly fee for continued service after the 30 day free of charge period. The service provided is distribution through more than 3,000 alliance members (distributors) in China.
Under the distribution agreement, the alliance members carry out marketing and sales. Subaye Internet Corporate Video serves as a commission base. Alliance members assist corporate users in the studio, including with DV recording, and deliver videos to Subaye video storage and post to video sharing websites, including YouTube.com. ”Most of the new distributors are the business partners and agents of Baidu (Nasdaq: BIDU – News) and Google (Nasdaq: GOOG – News). They will bid search keywords for promotion online with Baidu.com and other search engines from time to time. The potential users of the Internet Corporate Video service are the 20 million Small and Medium size Enterprises in China.” said Y.F. Su, Vice President of TCOM.
About Telecom Communications, Inc.
Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd., IC Star MMS, Ltd. ( http://www.icstarmms.com, http://www.skyestar.com ), Guangzhou TCOM Computer Technology Limited ( http://www.mystaru.com ) and majority owned subsidiary HRDQ Group, Inc. ( http://www.subaye.com ).
Safe Harbor
The statements made in this release constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect,” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company’s products in the marketplace, competitive factors and other risks detailed in the Company’s periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Source: Telecom Communications, Inc.
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