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OOOUT.com Enters New City to Service 500,000 University Students
Time: 2009-3-18 10:59:00
Shanghai, China March 18, 2009 – OOOUT Portal AG (“OOOUT”) announced today that it has opened a new location in Hangzhou to service 500,000 University students. OOOUT already has representatives in the top schools in 41 Shanghai colleges such as Fudan University and Shanghai University of Science and Technology.
Hangzhou is a natural expansion city for OOOUT since it is located an hour and half from Shanghai by car, bus, or train. Hangzhou is also an internationally renowned city for its colleges with several top universities located there. In addition to having 500,000 University students, the city also boasts the headquarters of top performing China corporations such as Alibaba.com and UTStarcom. The city has tripled GDP and Per capita GDP in the last seven years, with GDP increasing from RMB 156.8 billion in 2001 to RMB 478.1 billion in 2008 and GDP per capita increasing from USD 3,025 to USD 10,199
Louis Lu, CEO and President of OOOUT stated “Hangzhou is the best place for OOOUT to expand while controlling our growth. We expect students in Hangzhou to respond positively to our on campus activities based upon our success in Shanghai. The partnership with Hangzhou Universities of all sizes will definitely grow our online portal to be the leading platform for students searching for careers as well as networking with friends.”
ABOUT OOOUT.com AG (“OOOUT”) www.ooout.net OOOUT’s mission includes , A. To be the largest College Student Social Network B. As a primary tool for graduating students to look for jobs. C. Through our printed media distributed directly through dorms, to be the most effective media outlet for any company to cultivate brands and develop markets in all campuses. D. To be the largest E-Commerce site for Chinese College students purchases of Electronic products by offering the most competitive prices.
OOOUT’S business model, A. Earn from ads placed by large companies with OOOUT in dorm DM's. B. Set up student agents throughout different campuses which can take any assignment from any large company. C. Gain E-Commence gross profits at 25% of sales and still maintain the competitive pricing for our products and achieve monthly sales to 5 million RMB within 2 years. D. Attract 4,000,000 students to Log in OOOUT Social Network community within 3-4 years, to be the largest College Student Social Network which has the same functions as Face Book
Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors including the risks associated with the effect of changing economic conditions at home and abroad, variations in cash flow, reliance on collaborative partners, variations in service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services and other risk factors detailed in forms filed.
China Press Contact
George Yi
T; 8621 5408 5665
E: service@ooout.com
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