MELVILLE, N.Y., Oct. 1, 2003 (PRIMEZONE) -- MarketShare Recovery, Inc., (OTCBB:MSRY) today announced a revenue sharing agreement with Arran Services Limited. Arran, through Superb Quality Limited, owns 80% of StarEastNet Limited and owns directly 80% of IC Star East MMS, Limited, is doing business in China through its two subsidiaries -- StarEastNet Limited and IC Star East MMS, Limited. Recently Arran is to merge with Telecom Communications, Inc (OTCBB:TCOM).
President and CEO, Raymond Barton, said, "China is one of the fastest growing Internet markets, by partnering with a Leader like Arran Services, we are solidifying our place in the forefront of a market that research firms like IDC and The Stratus Group call the futures largest internet population."
StarEastNet is one of the first Chinese-language Internet media companies to provide multimedia entertainment and lifestyle information to the global Chinese community. StarEastNet has contracted with more than 160 entertainment celebrities and stars in greater China, which is running the largest star website portal in China. The Group's goal is to become the preeminent vertically integrated Internet content provider and a leading platform providing exclusive, innovative, and trend-setting entertainment content, products and services in Asia. Its main portal http://www.stareastnet.com was launched in September 1999. STAREASTnet.com produces and distributes original interactive programming through its network of vertically integrated entertainment portals.
IC Star East MMS Limited (formerly known as Sino Super Limited) is a China-based local information and services affiliates network. Established in December 1991, IC Star East MMS Ltd. (http://www.ICSTARMMS.com) has contracted with more than 2000 websites and collected all of their Internet and mobile phone users to be the online/offline members. ICstarmms.com links entertainment and life style information to local communities across China. Their parent company -- IC China Holdings Limited (ICChina.com) is the largest local content website affiliates network in China.
StarEastNet and IC Star East MMS have subscribers in building up this new business model as Star Short Messaging Services (SMS) and Multimedia Messaging Services (MMS) through mobile devices in China in the past year. Both groups have signed agreements with China Mobile Communications Group and China Telecom Group that are the largest communications companies in the world. Further, both groups that we are partnering with have main mobile value service providers in China. Both groups currently serve more than 5 million end users in SMS/MMS subscribers and we receive a fee each time.
About MarketShare Recovery, Inc.
MarketShare Recovery, Inc. is a marketing and media firm providing solutions which assist marketers reach their target consumers and drive sales. The company offers manufacturers, resellers and service providers a reliable, high-quality resource for business development. The firm provides strategic as well as tactical marketing solutions. MarketShare Recovery is a member of the Direct Marketing Association. For additional information, visit www.MarketShareRecovery.com