Linktone Ranked Among Top 20 in 2004 Deloitte Technology Fast 500 Asia Pacific
Linktone Ranked Among Top 20 in 2004 Deloitte Technology Fast 500 Asia Pacific
SHANGHAI, China, Dec. 16 /Xinhua-PRNewswire/ -- Linktone Ltd. (NASDAQ: LTON), a leading provider of wireless value-added services in China, today announced that it has been ranked the 16th fastest-growing technology company in the Asia-Pacific region by Deloitte Technology in its Fast 500 Asia Pacific for 2004.
Conducted by the global technology, media and telecommunications (TMT) industry group of Deloitte, the Deloitte Technology Fast 500 Asia Pacific is a ranking of the leading technology companies in the region, based on their revenue growth by percentage over the last three years. Along with its Fast 500 counterparts in North America and Europe, Middle East and Africa (EMEA), the Fast 500 Asia Pacific is recognized as one of the most objective business performance awards in the global TMT industry.
Chinese technology companies stand out on this year's list, accounting for 18% of the top 500 and 30% of the top 20 companies. Linktone was ranked fifth among 90 Chinese companies in the top 500. Of the six Chinese winners ranked in the top 20, four represent the Internet and wireless value-added services sector, demonstrating particularly strong growth for the industry.
''It is our great honor to be selected as one of the top 20 fastest growing technology companies in the region,'' said Raymond Yang, chief executive officer of Linktone Ltd. ''The award recognizes the significant growth of our company and the industry over the past few years. We remain confident in the overall growth of the Chinese economy, the exciting prospects for the wireless value-added services market and the increasing competitive strength of Linktone.''
Initiated in North America in 1997, the Deloitte Technology Fast 500 program is in its third year in Asia Pacific. In this year's ranking, the 500 winners from across the region have achieved three-year revenue growth averaging 400 percent.
About Linktone Ltd.
Headquartered in Shanghai, Linktone Ltd. is a leading provider of wireless value-added services to mobile users in China. Working in close partnership with China's mobile operators, Linktone provides a diverse portfolio of wireless content and applications, with a particular focus on media, entertainment and communications. Through in-house development and alliances with international and local branded content partners, the company develops, aggregates and distributes innovative and engaging products for its growing user community.
About Deloitte Touche Tohmatsu
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organisation of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting and financial advisory services -- and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names.
About Deloitte's Technology, Media and Telecommunications Industry Group
The Global Technology, Media and Telecommunications (TMT) Industry Group consists of more than 5,000 partners, directors and senior managers supported by thousands of other professionals dedicated to helping clients evaluate complex issues, develop fresh approaches to problems and implement practical solutions. TMT has dedicated practices in 45 countries and centers of excellence in the Americas, EMEA and Asia Pacific. We serve nearly 80 percent of the TMT companies in the Fortune 1,000. Clients of global TMT practices include the world's top software company, computer manufacturer, wireless operator, satellite broadcaster, advertising agency and semiconductor foundry - as well as leaders in publishing, telecommunications and peripheral equipment manufacturing. We work across all service lines: assurance and audit; risk consulting; tax advisory; business and technology consulting; financial advisory and corporate finance; mergers and acquisitions and Sarbanes Oxley compliance. Our practitioners invest vigorously in understanding and promoting the TMT sector, generating world-class insight via Deloitte Research; identifying upcoming industry leaders through the Technology Fast 500 programs and polling leadership opinions via our Global CEO survey.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including the risks outlined in our filings with the Securities and Exchange Commission, including our registration statement on Form F-1. We do not undertake any obligation to update this forward-looking information, except as required under applicable law.
For more information, please contact:
Investor and Media Contact
Stella Chen of Linktone Ltd.
Tel: +86-21-6361-1583
Email: Stella.chen@linktone.com
Source: Linktone Ltd.
CONTACT: Stella Chen of Linktone Ltd., +86-21-6361-1583 or,
Stella.chen@linktone.com
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