BAAR, SWITZERLAND–(Marketwired – Jan 8, 2014) – One Horizon Group, Inc. (OTCQB: OHGI) (“One Horizon” or the “Company”), which develops and licenses the world’s most bandwidth efficient mobile voice platform for smart phones, today announced that its Ishuo Network Information Co., a limited liability company, organized in China and controlled by One Horizon, has agreed to invest in Chongqing Leixin Network Technology (“Leixin”) in a joint venture with Leiqiang Telecommunications Co. Ltd. The joint venture will service the country’s fast-growing smart phone market by delpoying One Horizon’s Internet optimization technology in conjunction with the Leiqiang 95131 area code number range througout China.
The Leixin smart phone app will be able to provide various optimized internet value added services to its mobile subscribers including but not limited to voice and social media services including text, picture, video and geo-location messaging. These value added services are made possible through the creation of a “Virtual SIM” that utilizes the 95131 area code number range and One Horizon’s proprietary communication software, an industry first.
The “Virtual SIM” will be deployed via a Leixin-branded smart phone app that will also make use of the One Horizon on-line payment service to enable the purchase of call and message credits as well as the purchase and sharing of Stickers, Emojis & Emoticons. Combined with One Horizon’s location aware mobile advertising services, the Leixin branded smart phone app is expected to drive multiple revenue streams from the supply of its value-added services. Leixin will seek to acquire 100 million new app subscribers for the Leixin branded smartphone app over a three-year period and expects to achieve industry average revenues per user (ARPU) for similar social media apps.
As part of the agreement, One Horizon will hold a 45% share of Leixin and One Horizon is also entitled to collect an annual recurring software license for each active subscriber on the Leixin network.
“This is a major milestone for our company and provides an accelerated entry into China. The rapid adoption of smart phones and advanced multimedia services by Chinese consumers represent a significant opportunity for our company,” began Mr. Brian Collins, One Horizon’s Founder and Chief Technology Officer. “Our 2013 growth signified the beginning of a multi-year trend whereby carriers are taking control back from over-the-top (“OTT”) VoIP plug-ins and initiating programs and servcies themselves using the optimized One Horizon software. Our carrier customers and now Leixin are in the unique postion to leverage their area code/numbers asset and to provide “Virtual SIM” based voice and messaging servcies that compete with increasing number of “OTT” services. By rolling out the One Horizon platform, branded for Leixin and also branded per carrier, our customers can share in the new Internet revenue streams that the One Horizon smart phone technology brings. All subscribers will benefit from high quality calls, lower line rental charges and lower call costs and the ability to use their personal “Virtual SIM” phone number on any wireless network. We are excited to directly participate in this opportunity in China with our JV partner and will continue to enable other carriers around the world throughout 2014 and beyond.”
About One Horizon Group, Inc.
One Horizon Group Inc.’s business is to optimize communications over the Internet through its wholly owned subsidiary, Horizon Globex GmbH, Baar, which develops and markets one of the world’s most bandwidth-efficient mobile voice and messaging platform for smartphones, and also offers a range of other optimized data applications including on-line payments and mobile advertising. Horizon Globex GmbH is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, the United Kingdom, China, India, Singapore, Hong Kong and Ireland. For more information on the Company, its products and services, please visit http://www.onehorizongroup.com.
Safe Harbor Statement
This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
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