BEIJING, April 15 /PRNewswire/ -- BroadWebAsia (OTC Bulletin Board: BWBA)
reports that China's premier national annual music award shows, The Music
Radio Award Show was streamed live on the internet from Beijing's Capital
Stadium on Saturday night, April 12th and was viewed by more than 5.2 million
internet viewers throughout China according to BroadWebAsia's Hupo TV while
reaching 1.7 million concurrent viewers.
The annual Music Radio Award show, which recognizes the top male and
female stars of Chinese pop music featured performances by Jay Chou, Jolin
Tsai, Flower, May Day, S.H.E., Zhao Wei and others from the Chinese mainland
and Taiwan and Hong Kong. Videos and photos of the show are available to be
viewed at http://www.hupo.tv/tv/385176.html .
BroadWebAsia's chairman and founder, Brad Greenspan, creator of MySpace,
said, "The tremendous success of this event demonstrates the power as well as
the potential of new media and online live video, and the ability of new media
and traditional media to join together and maximize audience reach."
Hupo TV CEO Davis Li said, "We are honored to have the chance to partner
with state-owned national radio broadcaster Music Radio and to stream live
video of China's top Music Award show to internet users throughout China. This
live internet broadcast of the Music Radio Award Show is only the first of
several innovative initiatives we will have as part of our relationship with
China's Music Radio. We also want to thank our partner MSN China
(Nasdaq: MSFT) for working together with us on this exciting project."
About BroadWebAsia Inc.
Established in 2005, BroadWebAsia, Inc. (OTC: BWBA) is a fast growing and
diversified Internet company focused on Chinese online communities and digital
advertising. The company was started and is backed by Internet entrepreneur
and MySpace founder Brad Greenspan. The BroadWebAsia network is comprised of
Hupo TV (http://www.hupo.tv), Mofile (http://www.mofile.com), TYCYGames
(http://www.tycygames.com), 9e3.com (http://www.9e3.com), BBMAO
(http://www.bbmao.com), and ETE (http://www.ete.cn). BroadWebAsia's Hupo TV,
also operates the Major League Baseball-focused Chinese language website,
http://www.major.tv/china in partnership with Major League Baseball Advanced
Media. By acquiring controlling interests in 6 fast growing and well managed
Chinese websites, BroadWebAsia has built a powerful, synergistic network
encompassing video entertainment, social networking, and community search
websites supported by a top online ad sales and serving company in China.
BroadWebAsia's highly scalable network strategy allows for efficient cross
marketing, cross advertising and cross audience promotion opportunities. The
BroadWebAsia Network reaches over 70 million monthly unique visitors,
generating over 500 million monthly page views.
About Hupo TV
Hupo TV (http://www.hupo.tv) is a subsidiary of BroadWebAsia and is based
in Shanghai, China. It operates the online video sharing site,
http://www.hupo.tv, which is a leading provider of proprietary video content
to Chinese Internet users. Hupo TV also operates the Major League Baseball-
focused Chinese language website, http://www.major.tv/china in partnership
with Major League Baseball Advanced Media. As of March 2008, Hupo TV had more
than 100 million monthly video views.
About Music Radio
Music Radio is part of China National Radio (CNR). CNR is one of the most
important and influential mass media companies in China. Founded on December
30, 1940, CNR operates 9 channels (News Radio, Business Radio, Music Radio,
Metro Radio, Zhonghua News Radio, Shenzhou Easy Radio, Huaxia Radio, Ethnic
Minority Radio and Story Radio) and broadcasts 197 hours daily through
satellites covering all of China as well as new businesses such as 4 DMB
channels and 3 Handset broadcasting channels. As a traditional radio
broadcaster, CNR is endeavoring to improve its business through internet-
broadcasting, net-radio, digital TV broadcasting, handset TV broadcasting and
broadcasting publications. CNR now possesses CNR.CN which is the largest audio
network in China, net-radio: RADIO.CN, cable pay-TV channel specialized on
Family Health, CHINA BROADCASTS (journal), CHINA BROADCASTING POST, China
Broadcasting Audio-visual Press and CNR Media Corporation.
Cautionary Note Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995,
and includes statements relating to the ability of BroadWebAsia, such as the
ability improve efficiencies, improve customer service, drive cost savings and
competitive advantage. These statements are based on current expectations and
are subject to risks and uncertainties and changes in circumstances. There are
important factors that could cause actual results to differ materially from
those anticipated in the forward looking statements including, among others:
the conditions of market, the continued ability to develop solutions, demand
for and market acceptance of new and existing services, development of new
functionalities which would allow companies to compete more effectively.
Financial Relations Board:
Melanie Nimrodi Stacy Feit
Media Inquiries Investor Inquiries
(312) 546-3508 (312) 640-6779
SOURCE Brad Greenspan