FAB Media Kiosks run video ads on their high-tech LCD screens and are capable of accepting payments for utility bills, metro cards, credit card bills, and other services. Consumers can also purchase and download copyrighted music, video games, and movies directly to their cell phones or other mobile devices.
Revenue from this non-exclusive agreement is expected to be at least $2.5 million annually. FAB currently generates revenue from its Intelligent Media Kiosk Business through the sale of licenses, media content downloads, media membership cards, and kiosk-based advertising.
“This agreement will significantly increase our 5C Kiosk advertising revenue, contributing to the revenue generated from our rapidly growing 5C Intelligent Media Kiosk Network,” remarked FAB’s CEO, Chris Spencer. “In addition to expanding our kiosk network, driving advertising revenue is an important component of our growth strategy. As we continue to expand our network, the opportunity to advertise on our kiosks will become more attractive.”
China Xiangyu’s services fit perfectly within the sphere of what FAB’s kiosk network offers. As a marketing and entertainment company focused on organizing cultural performances, it provides advertising services and operational and marketing activities for online games, animation and 3G.
For more information on FAB Universal and its kiosk network, please visit www.fabuniversal.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website
http://www.missionir.com/disclaimer.html
