DALLAS, March 24, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sky-mobi Ltd. (Nasdaq:MOBI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Sky-mobi Ltd. (MOBI) is an operator of a mobile application store and mobile social network community in China. The Company works with handset companies to pre-install its Maopao mobile application store on handsets and with content providers to provide users with applications and content titles. Users of its Maopao store can browse, download and enjoy a range of applications and content, such as single-player games, mobile music and books. The Company's Maopao store enables mobile applications and content to be downloaded and run on various mobile handsets with different hardware and operating system configurations. The Company also operates a mobile social network community in China, the Maopao Community, where it offers mobile social games, as well as applications and content with social network functions to its registered members.
MOBI is based in Hangzhou, the People's Republic of China.
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In the report, the analyst notes:
"MOBI, the operator of China's leading mobile application store by revenues according to 2009 figures, said yesterday it has entered into an advertising contract with Chinese Internet portal Sohu.com Inc., a move seen to expand MOBI's business model into the mobile advertising space."
"MOBI hit a new 52-week high of $11.70 before settling at $11.52 by closing bell. That represented a 21.52% jump in share price for the day. About 2.85 million shares changed hands during the session, well above the stock's average daily volume of 430.90K."
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