Ku6 Media Announces Partnership with Kaixin001
BEIJING, May 24, 2012 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd. ("Ku6 Media" or the "Company", Nasdaq: KUTV), a leading internet video company in China, focusing on User Generated Content (UGC), today announced that it has entered into an agreement with famous Chinese SNS website Kaixin001.com ("Kaixin001").
Pursuant to the agreement, Ku6 Media, as the video hosting provider, is assisting Kaixin001 to add a brand new video sharing function by supplying technology support to all video uploading activities on Kaixin001. Users on Kaixin001 will enjoy a one-stop service that enables them to upload, store and share their videos without leaving the website. Meanwhile, users on Ku6 Media's platform can share the videos with their friends on Kaixin001 by only one click.
Mr. Jeff Shi, Chief Executive Officer of Ku6 Media, commented, "We are very pleased with the cooperation with Kaixin001. We believe our cooperation can help enlarging Ku6's user base as well as richening our users' online experience. We also hope our videos and service can bring users on Kaixin001 more fulfilling experiences and more joy."
Mr. Binghao Cheng, Chief Executive Officer of Kaixin001, added, "We are very excited about partnering up with Ku6 Media. Our video sharing function is an important feature we have launched recently. We believe it will enhance our user experience by bringing them abundant video content and also by providing a great platform for them to share their original videos."
About Kaixin001.com
Kaixin001.com, founded in March 2008, is one of the leading and most influential social networking websites in China. It locks on people who create social wealth and mainstream culture as core users; moreover, it has always devoted itself in offering a real and relaxed interactive platform for Chinese net citizen by exploring and satisfying users' needs, improving users' experience and keeping innovation on technology and products.In general, Kaixin001.com provides rich and useful social tools, including diary, photo album, note, repast, and social game etc, which help users to easily communicate and share information with family members, friends, classmates and colleagues.
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (KUTV) is a leading internet video company in China, focusing on User Generated Content (UGC). Through its premier online brand and online video website, http://www.ku6.com, Ku6 Media provides online video upload and sharing service, video reports, information and entertainment in China. For more information about Ku6 Media, please visit http://ir.ku6.com.
Safe Harbor Statement
This news release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "believes," "could," "expects," "may," "might," "should," "will," or "would," and by similar statements. Forward-looking statements are not historical facts, but instead represent only the Company's beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of its control. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Some of the risks and important factors that could affect the Company's future results and financial condition include: continued competitive pressures in China's internet video portal market; changes in technology and consumer demand in this market; the risk that Ku6 Media may not be able to control its expenses in the future; regulatory changes in China with respect to the operations of internet video portal websites; the success of Ku6 Media's ability to sell advertising and other services on its websites; and other risks outlined in the Company's filings with the Securities and Exchange Commission, including the Company's annual report on Form 20-F. Ku6 Media does not undertake any obligation to update this forward-looking information, except as required under law.