AutoNavi's MiniMap User Base Expands to 12.5 Million Users, Increasing Over 180% Year-over-Year
16 3월 2011 - 10:30PM
AutoNavi Holdings Limited ("AutoNavi" or the "Company")
(Nasdaq:AMAP), a leading provider of digital map content and
navigation and location-based solutions in China, today announced
that the user base of its MiniMap application had reached 12.5
million as of March 15, 2011, up over 180% from 4.4 million one
year ago.
The Company's active MiniMap user base consisted of 45% Android
users, 29% Symbian users, 21% Java-based feature phone users and 5%
users of other mobile operating systems as of March 15, 2011. This
compared to 1% Android users, 74% Symbian users, 15% Java-based
feature phone users, and 10% users of other mobile operating
systems one year ago. The Company reported over 2.2 million active
users in the month of February, 2011 and strong average daily new
users with a one day peak of 48,000 new users on March 1, 2011.
AutoNavi's chief executive officer Mr. Congwu Cheng commented,
"The rapid expansion of our MiniMap user base is an important step
in the execution of our strategy to provide an industry-leading
wireless location-based media platform that connects consumers with
businesses who advertise on the platform. We were very pleased to
see our MiniMap user base reach 12.5 million users across multiple
operating systems and we are particularly happy with the tremendous
growth in the number of users on the Android platform, which is one
of the most popular smart phone operating systems available. We
will continue to leverage our vast digital map database with over
13 million points of interest while devoting resources to enhance
the functionality and service quality of the MiniMap application in
an effort to further broaden our user base and increase user
stickiness."
About AutoNavi Holdings Limited
AutoNavi Holdings Limited (Nasdaq:AMAP) is a leading provider of
digital map content and navigation and location-based solutions in
China. At the core of its business is a comprehensive nationwide
digital map database that covers approximately 3.1 million
kilometers of roadway and over 13 million points of interest across
China. Through its digital map database and proprietary technology
platform, AutoNavi provides comprehensive, integrated navigation
and location-based solutions optimized for the Chinese market and
users, including automotive navigation solutions, public sector and
enterprise applications, wireless location-based solutions and
Internet location-based solutions. For more information on
AutoNavi, please visit http://www.autonavi.com.
The AutoNavi Holdings Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8262.
Forward Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements
can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. Among other
things, the Business Outlook section and quotations from management
in this press release, as well as AutoNavi's strategic and
operational plans, contain forward-looking statements. AutoNavi may
also make written or oral forward-looking statements in its reports
filed with or furnished to the U.S. Securities and Exchange
Commission, in its annual report to shareholders, in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that
are not historical facts, including statements about AutoNavi's
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: AutoNavi's
ability to adequately maintain and update its digital map database
and minimize errors in its solutions; its current reliance on the
automotive navigation market and a small number of customers for a
substantial portion of its revenues; the project-based nature of
its public sector and enterprise applications business; its limited
operating history in the wireless/Internet location-based solutions
markets; compliance with a complex set of laws, rules and
regulations governing its surveying and mapping and other
businesses in China; competition in the navigation and
location-based solutions businesses in China; and its ability to
manage its growth effectively and efficiently. Further information
regarding these and other risks is included in AutoNavi's
registration statement on Form F-1 filed with the Securities and
Exchange Commission. All information provided in this press release
is current as of the date of the press release, and AutoNavi
undertakes no duty to update such information, except as required
under applicable law.
CONTACT: In China:
Serena Shi
AutoNavi Holdings Limited
Tel: +86-10-5985-9538
E-mail: serena.shi@autonavi.com
Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-6284
E-mail: amap@ogilvy.com
In the U.S.:
Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
E-mail: amap@ogilvy.com
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