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iMing Corp: Company Prepares to Enter the 9 Billion Dollar Set-Top-Box / Web TV Market in China
By: Marketwired .
Dec. 3, 2012 04:15 PM
HONG KONG, CHINA -- (Marketwire) -- 12/03/12 -- iMing Corp. (OTC PINK:IMNG) is pleased to provide an update on its recent Corporate developments.
Recently the Company changed its name from China Career Builder Corp. to iMing Corp., to better reflect changes in its core business as the Company prepares itself to be a major participant in the growing Internet TV Technology (Web TV) and Set-Top Boxes (STB) markets which supply high-definition television through the Web (Web TV) to consumers in China.
The worldwide set top box, dedicated device, market was $8.7 billion in 2011 and is expected to reach more then $15 billion by 2018, as next generation gateways and cloud computing are introduced to manage Internet connectivity to HD TV devices in the home.
China is set to represent the fastest growing set top box market in the world as major manufactures of set top box devices have set a target of moving from terrestrial television to digital cable transmission in China by 2015.
It is anticipated that China's Internet population will hit 718 million by 2013, accounting for 52.7 percent of the total population. China has a gross online user base of as of July 2012 of 538 million internet users. Chinese Internet users spent an average of 18.7 hours online per week through out 2011 demonstrating the ever increasing demand for access to on-line content and entertainment programming from a single dedicated device.
iMing plans to take part in this explosive market opportunity by offing consumers an affordable Set-Top Box that targets both the massive domestic market of Internet Users as well as the CATV users who have access to the internet by providing a cost effective means of access to television, sports, entertainment and full length movies on-line through the company's HD set top box products.
ABOUT THE COMPANY
iMing Corp is positioning its self to be a leading technology solution provider of set-top boxes (STB) which supplies high-definition television through the Web (Web TV) in China, with the goal of being a leading provider of set-top boxes through out Asia and expanding into North America and Europe. The iMing's Set-Top Box can play source files from USB, SD/MMC card, SATA or an internal 2.5"storage installed into the Web TV Box. By supporting the latest format 1080P Full HD decoding, SPDIF.7.1.DTS decoding and HDMI 1.3, the iMing Web TV Box brings superior quality and flexibility to consumers home entertainment experience. The technology used by iMing makes its productive competitive with the other industry players such as Google TV, WDTV, Apple TV, Roku and Boxee Box.
For further information please refer to the Company's website at www.imingcorp.com.
SAFE HARBOR STATEMENT
Certain of the statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets. The Company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.
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