updated 6/9/2011 9:17:31 AM ET 2011-06-09T13:17:31

HANGZHOU, China, June 9, 2011 (GLOBE NEWSWIRE) -- Sky-mobi Limited (Nasdaq:MOBI) ("Sky-mobi" or the "Company"), a leading mobile application store and mobile social network community operator in China, today announced that it has entered into a partnership agreement with Jiayuan.com International Ltd ("Jiayuan"), operator of the largest online dating platform in China.

Under the terms of the one-year agreement, Sky-mobi will collaborate with Jiayuan to develop a Sky-mobi-Jiayuan dating software application to be operated on Sky-mobi's Maopao mobile social network. The program will offer a wide range of dating and social networking features. Over the course of the agreement, the companies will also work together on promotions and user development.

Mr. Michael Song, Chairman and Chief Executive Officer of Sky-mobi, stated, "This collaboration with Jiayuan builds upon our open platform strategy as we continue to expand our network of leading content partners. Dating services are in heavy demand by our large mobile user group. We are pleased to work with Jiayuan to meet this need as Jiayuan is the most successful and heavily-visited dating site in China. Jiayuan's brand is well recognized and offers some of the richest content in this area. This agreement represents another step in extending the range of applications available to our Maopao users as we believe this app will prove to be the best of its kind on any platform. We expect this partnership will not only provide us with a financial benefit, but also more importantly enhance the user stickiness of our Maopao platform."

Ms. Haiyan Gong, Chief Executive Officer of Jiayuan, stated, "We are pleased to enter into this partnership with Sky-mobi. We believe that mobile is an important growth area for Jiayuan. Our goal is to enhance user experience by enabling our users to access our online database anytime and anywhere via their mobile devices. Sky-mobi is one of the largest mobile application stores in China with hundreds of millions of mobile phone users, many of whom do not have regular Internet access to our Jiayuan.com online dating website. As such, we are excited to partner with Sky-mobi's Maopao platform to offer China's singles more flexible and convenient access to our trusted and effective online dating platform." 

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as ''believes,'' ''expects,'' ''anticipates,'' ''intends,'' ''estimates,'' the negative of these terms, or other comparable terminology. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Potential risks and uncertainties include the effectiveness, profitability, and marketability of the Company's solutions; the Company's limited operating history; measures introduced by the PRC government and mobile network operators aimed at the telecommunications industry and mobile applications-related services; the Company's ability to maintain cooperation relationships with handset companies, content providers and payment service providers; its dependence on mobile service providers, and ultimately mobile network operators, for the collection of a substantial majority of its revenues; billing and transmission failures, which are often beyond the Company's control; its ability to compete effectively; its ability to capture opportunities in the expected growth of the smart phone market; its ability to obtain and maintain all applicable permits and approvals; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

About Sky-mobi Limited:

Sky-mobi Limited operates the leading mobile application store in China as measured by revenues in 2009, according to Analysys International. 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. The Company is based in Hangzhou, the People's Republic of China. For more information, please visit: www.sky-mobi.com.

The Sky-mobi Limited logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8458

About Jiayuan.com:

Jiayuan.com International Ltd. ("Jiayuan" or "The Company") operates the largest online dating platform in China. Jiayuan is committed to providing a trusted, effective, and user focused online dating platform that addresses the dating and marriage needs of China's rapidly growing urban singles population. A pioneer in China's online dating market, the Company's Jiayuan.com website is the clear leader in the industry by number of unique visitors, average time spent per user and average page views per user in 2010, according to iResearch. Jiayuan's business model based on a flexible results-based pricing system ensures that users only pay for the results that they can see, enhancing user experience and attracting a large and loyal user base. As of March 31, 2011, Jiayuan.com had 40.2 million registered user accounts, with an average of 4.7 million monthly active user accounts in the first quarter of 2011.

CONTACT: Sky-mobi Limited
         Mr. Carl Yeung, CFO
         Phone: + (86) 571-87770978 (Hangzhou)
         Email: ir@sky-mobi.com
         
         CCG Investor Relations
         Mr. Athan Dounis
         Phone: +1-646-213-1916
         Email: athan.dounis@ccgir.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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