DGAP-News Vtion now offers 10,000 Total Online Applications

    Nachrichtenquelle: EQS Group AG
     |  10.04.2012, 09:09  |  480 Aufrufe  |   | 

    DGAP-News: Vtion Wireless Technology AG / Key word(s): Miscellaneous
    Vtion now offers 10,000 Total Online Applications

    10.04.2012 / 09:09

    Frankfurt, 10 April 2012. Vtion Anzhuo, a wholly-owned subsidiary of Vtion
    Wireless Technology AG, has reached 10,000 total mobile applications
    available through its three sales channels, China´s telecom operators,
    device manufacturer partners and its own online appstore, named ´V-Market´.
    The online store had been operational since March 01, 2012.

    The V-Market is Vtion Anzhuo´s own online download platform and store for
    applications on the Android operating system. Currently, the store offers
    8,000 applications for users to download, a number Vtion intends to
    increase over the course of the year. The remainder of the 10,000
    applications that Vtion Anzhuo offers are sold through its other sales
    channels - China´s telecom operators and device manufacturers. Currently
    the vast majority of applications are available for free download, though
    the company hopes to increase the number of paid downloads over the course
    of the year and begin realizing revenues from the V-Market.

    Though there are several online application stores for the Android system
    operating in China, the V-Market differentiates itself through only using
    licensed applications, unique offerings and a secure online payment
    platform. The V-Market is one of three sales channels that Vtion Anzhuo
    uses to distribute its applications. Vtion Anzhuo also sells via a
    shop-in-shop model through each of the telecom operators´ online app stores
    and has agreements with several device manufacturers to put the V-Market in
    their hardware. The V-Market can be viewed on the website www.51vapp.com,
    while the company website can be viewed under www.vapk.com.cn.

    ´The V-Market has successfully operated for a full month now, ´ states Vtion
    CEO Guoping Chen. ´We are excited to expand our business in the mobile
    applications space, a market we expect to show rapid growth over the next
    few years. Though we face a major challenge insofar as it has proven more
    difficult to monetize application offerings for the Android platform, we
    are addressing this issue proactively, such as looking at revenue sharing
    agreements and payments for usage of apps as opposed to payment for
    download. We believe that through our unique sales channels and superior
    quality, we are well-positioned to take advantage of this opportunity, ´ he

    About Vtion

    The Vtion Group is one of the three leading suppliers of wireless data
    cards and associated services for the mobile use of computers via broadband
    wireless networks in the People´s Republic of China. The company offers
    tablet PC products and support services through its mobile intelligent
    terminals business segment, including both to the consumer market and
    industry-specific clients. Through its wholly-owned subsidiary, Vtion
    Anzhuo, the company offers online applications for the Android operating
    system. For 2011, (preliminary figures) the company reached sales revenues
    of EUR 77 million with an EBIT margin of 10.3%. Vtion Wireless Technology
    AG shares are being traded in the Prime Standard on the Frankfurt Stock
    Exchange with the ISIN DE000CHEN993. The company´s ticker symbol is V33.

    For further information, please contact:

    Kirchhoff Consult AG
    Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
    or visit the company website at: www.vtion.de

    End of Corporate News

    10.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
    company of EquityStory AG.
    The issuer is solely responsible for the content of this announcement.

    DGAP´s Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

    Language:    English                                               
    Company:     Vtion Wireless Technology AG                          
                 Westhafen Plaza 1                                     
                 60327 Frankfurt                                       
    Phone:       +49 69 710 456 245                                    
    Fax:         +49 69 710 456 248                                    
    E-mail:      ir@vtion.de;verena.rauch@kirchhoff.de                 
    Internet:    www.vtion.de                                          
    ISIN:        DE000CHEN993                                          
    WKN:         CHEN99                                                
    Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
                 Freiverkehr in Berlin, Düsseldorf, Hamburg, München,   

    End of News    DGAP News-Service  

    164244 10.04.2012                                                      

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