FAB Universal Updates its Intelligent Kiosk Business in the Second Quarter
PITTSBURGH--(BUSINESS WIRE)-- FAB Universal (NYSE MKT: FU), a worldwide distributor of digital entertainment, announced today that FAB increased its Intelligent Media Kiosk business by 2,311 kiosks in the second quarter vs. 1728 kiosks in the first quarter, 2013, a 33.7% quarter to quarter increase and an 81% year to year increase.
The FAB Intelligent Media Kiosk network has grown to over 40 first and second tier cities in China such as Beijing, Shenzhen, Chengdu and Guangzhou, and now has an installed base approaching 16,000 terminals.
In the same period, FAB Universal sold 162,869 new membership cards in the second quarter as a result of a series of promotional events held in Beijing and Shenzhen based around the FAB lead initiative, "Download with Payment, Consumption with Dignity", representing a 23% quarter to quarter increase and an 89% year to year increase.
Encompassing 110 national intellectual property rights (similar to patents), FAB generates revenues from its Intelligent Media Kiosk Business through ongoing media content downloads, media membership cards and kiosk-based advertising. Consumers can purchase and download copyrighted music, video games and movies directly to their cell phones or other mobile devices. FAB Media Kiosks can also run video ads on the high-tech LCD screens and accept payments for utility bills, metro cards, credit card bills, and other services. Click here to see pictures of the FAB Media Kiosks.
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 email@example.com.
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 or changes in our business strategies.
Stephanie Prince/Jody Burfening
KEYWORDS: United States North America Pennsylvania
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