Key Developments For Linktone Ltd.
Linktone Ltd. (LTON.O) (Consolidated Issue listed on NASDAQ Global Market)
Linktone Ltd. Enters Into Mobile Video Agreement With China National Radio Mobile Media
Linktone Ltd. announced that it has entered into a mobile video agreement to make video highlights of Major League Baseball (MLB) games available to customers in China with China National Radio Mobile Media (Beijing) Co. Ltd. (CNRMM). CNRMM is one of four companies licensed to provide video content to mobile phone users in China and a subsidiary of China National Radio, the national radio station of the People's Republic of China. Under the terms of the agreement with CNRMM, beginning with the 2009 MLB World Series on October 28, the Company will provide daily video highlights from the Fall Classic to CNRMM's subscribers, who will be able to access the content via China Mobile's Monternet mobile video platform. Beginning in April 2010, the MLB video highlights provided by the Company to CNRMM customers are expected to be expanded to include regular season games for all 30 MLB Clubs.
Linktone Ltd. Appoints Ernst & Young Hua Ming As Accounting Firm
Linktone Ltd. announced that the audit committee of its Board of Directors has appointed the accounting firm of Ernst & Young Hua Ming (E&Y), to serve as the Company's independent registered public accountants with immediate effect. E&Y replaces Grant Thornton following the termination of client/auditor relationship between the Company and Grant Thornton.
Linktone Ltd. Issues Q3 2009 Gross Revenue Guidance-Conference Call
Linktone Ltd. announced that for the third quarter of 2009, it expects gross revenue of $18.0 to $20.0 million
Linktone Ltd. Issues Q2 2009 Gross Revenue Guidance
Linktone Ltd. announced that for second quarter of 2009, it expects gross revenue to be in the range of $17-$18 million.
Linktone Ltd. Announces Management Changes
Linktone Ltd. announced that Tanoesoedibjo, currently Chairman of the Company's board, has also been appointed as its Chief Executive Officer and Colin Sung has been appointed as its Deputy Chief Executive Officer and Chief Financial Officer. The Company also announced the resignations of Chief Executive Officer, Michael Guangxin Li, Chief Financial Officer, Jimmy Lai, and Chief Operating Officer, Anthony Chia, effective May 31, 2009. Messrs. Li, Lai and Chia each resigned due to personal reasons and other professional commitments.
