FAB Universal Opens New 20,000 Sq. Ft. SuperStore
PITTSBURGH--(BUSINESS WIRE)-- FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, today announced the grand opening of a 20,000 sq. ft. media and entertainment superstore in the ultra high-end Beijing shopping district of SoShow. The SoShow mall has approximately 1,500 stores and receives close to 50,000 shoppers on an average day. To see pictures of the store please click here.
FAB's SoShow flagship store will offer many new electronic digital products while serving as a center for the 5C Intelligent Kiosk download supermarket. New products will increase offerings by 20% with over 50 new interactive entertainment products available via the kiosks. Consumers can download the latest movies, songs, games, e-books and applications to cell phones and mobile storage devices. FAB's intelligent 5C Kiosk is believed to be the leading multimedia digital network terminal in China.
Designed to satisfy the tastes of a swiftly emerging middle-class with maturing expectations, FAB's SoShow flagship store provides customers with a first of its kind audio-video "hypermarket." As a preferred venue for product announcements, publishing parties, studio releases, author readings, movie showings, live promotional performances and concerts, FAB's SoShow outlet is China's first ultra-modern entertainment destination for music lovers, film buffs, game enthusiasts, and early electronic adopters.
Additionally the 5C download Intelligent Kiosk supermarket also offers coupon printing, self-service payments, membership points checking, map searching, digital printing and other popular functions.
The launch of the new FAB store was attended by best-selling authors, entertainers, industry executives and officials who all shared a toast to the success of FAB's newest retail and digital entertainment showcase.
About FAB Universal Corp:
FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores and Franchises, and online through Apple iTunes and Google Android. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. Sales of digital media are generated through the kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2011, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at firstname.lastname@example.org.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.
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