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Beijing, China - (Website Hosting Directory) - October 12, 2007 - A Letter of Intent to acquire Media Group International Limited, a Hong Kong company founded in 2000, has been signed by Web hosting firm, Subaye.com, Inc.
Subaye agreed to acquire MGI for approximately $1 million in cash and stock. The deal combines two leading providers of corporate video online/offline and product placement advertising in movies. Subaye said the acquisition broadens its product portfolio and addressable market. MGI's product line includes converged TV/movie DVD distributions, corporate video presentations, a TV programming agency, video-on-demand media systems (VOD), digital advertising systems, product placement in movies, sponsorship management for TV programming, and service assurance. The Company is a leading provider of product placement in movies, which provides filmmakers and advertisers with a cost-effective solution to increase forward capacity and enable future flexibility on existing cinema lines, DVD sales networks, and VOD online. MGI was founded in 2000 and its corporate headquarters are in Hong Kong.
Recently, the company also acquired 3251 New Corporate Members at the China Int'l SME Fair. Subaye.com, Inc. exhibited and sampled a full version of its online corporate video and product video of e-commerce strategy at the 4th China International Small and Medium Enterprises Fair, at the Guangdong International Convention and Exhibition Center, China. About 5000 visitors visited our booth, most of them were impressed by Subaye.com' s online corporate video and product video of e-commerce strategy and registered for instant membership at the fair. In the meantime, our 100 staff in 30 teams did video productions for 3251 exhibitors, which was 76% of total exhibitors at the fair, and those 3251 companies become Subaye.com's new corporate video and e-commerce members.
MyStarU.com, Inc. (MYST) 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. Mystaru.com, Inc. does business in Asia via its wholly-owned subsidiaries, Mystaru Ltd. (formerly known as IC Star MMS, Ltd. www.mystaru.com, www.skyestar.com, www.goongreen.org, www.icurls.com, Guangzhou TCOM Computer Technology Limited and majority-owned subsidiary Subaye.com, Inc.
To learn more, please visit: www.subaye.com.
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