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See more news releases in: Internet Technology, Computer Electronics, Multimedia & Internet, OTC, SmallCap, Earnings Forecasts & Projections Subaye Announces Forward Guidance GUANGZHOU CITY, China, Oct. 26 /PRNewswire-Asia/ -- Subaye, Inc. (OTC Bulletin Board: SBAY)(the "Company"), announced forward guidance for the fiscal years ending September 30, 2010 and 2011. James Crane, Chief Financial Officer, stated "Subaye has recently completed its internal forecasting for the fiscal years ending September 30, 2010 and 2011. The Company is projecting revenues for 2010 and 2011 of $71 million and $103 million, respectively. Net income is projected for 2010 and 2011 of $16 million and $28 million, respectively. Projected earnings per share for 2010 and 2011 are $4.16 and $6.15. Projected EBITDA (earnings before interest, taxes, depreciation and amortization) is $31 million and $51 million for 2010 and 2011, respectively. We are forecasting significant growth within our online membership services and application services business segments and moderate growth within the other business segments. It is important to note that the forward guidance includes numerous general assumptions and also certain significant assumptions including the completion of the proposed acquisition of the minority-owned portion of our subsidiary, Subaye.com, Inc." About Subaye, Inc. Subaye, Inc. ("Subaye" or the "Company") is a leading provider of video sharing services in the People's Republic of China. Subaye's platform includes production, upload, storage, sharing and publishing onto more than 33 main video sharing portal websites. Subaye also offers SaaS business solutions and is in the process of developing what Subaye believes is the first online shopping mall in the world that will utilize 3D imaging throughout the online interface. Subaye platform consists of its websites, http://www.subaye.com, http://www.x381.com, http://www.goongreen.org, http://www.goongood.com and the Subaye Alliance network, which is its network of third-party websites. The Company's http://www.subaye.com and http://www.x381.com websites are generating revenue, while its other web-based businesses are under development or offering free services to potential customers at this time. Subaye's services are designed to enable internet users to find and view videos online. As of September 30, 2009, the Company had approximately 43,000 members and the Company's video database consisted of over 82,000 profiles of corporate video showcases. These showcases offer a cost-effective venue for small to mid-size enterprises ("SMEs") to advertise their products and services and establish and enhance their corporate brands. The Company provides its users with easy access to an index of over 3.0 million video clips, images and web pages. For further information on Subaye, Inc., please visit http://www.subaye.com/english. You may also register to receive Subaye's future press releases or request to be added to the Company's distribution list by contacting James Crane by email at jimc@mystaru.com . The distribution list should be active by November 1, 2009. Forward-Looking Statements Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about Subaye, Inc.'s industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Subaye, Inc.'s operations are conducted in the People's Republic of China ("PRC") and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Other potential risks and uncertainties include but are not limited to the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission. |
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| aus der Diskussion: | Subaye - stark unterbewertete Youtube aus China? |
| Autor (Datum des Eintrages): | gogo87 (26.10.09 17:12:56) |
| Beitrag: | 49 von 168 (ID:38254471) |
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