SAN CARLOS, Calif., June 16, 2011 (GLOBE NEWSWIRE) -- Sinobiomed Inc. (d/b/a Sitoa Global Inc.) (OTCQB:STOA) (the "Company"), an e-commerce facilitator, today announced that it has formed a strategic partnership with Solana HK Limited for the hosting of its e-commerce marketplaces in the Asia Pacific region. Solana, found at , is based in Hong Kong and offers a full line of communications services, including colocation and network facilities, strategic consulting solutions and value-added voice and data solutions for international carriers and multinational corporations.
The Company will deploy its own Keychain data center and rely on its in-house base of telecommunication assets for hosting all of its operated and managed marketplaces in the Asia Pacific region, including the newly announced marketplaces Chunjie365 and ShopShipUSA. Solana will advise the Company on all the technical aspects of the build-out, as well as on all internet, data and hosting initiatives undertaken in the region.
Cal Lai, the Company's President and CEO, commented, "With our relationship with Solana now solidly in place, our customers in the region, including those through our recent partnerships with Chunjie365 and ShopShipUSA, will benefit from our ability to offer them fast, reliable and scalable online shopping experiences." He continued, "We believe that we have also effectively solved many of the problems frequently encountered by large scale web-based operations in foreign countries, including being subject to various government rules that restrict or limit use. This is particularly true in China, where government rules there prohibit access, create blocks and establish low latency access for many Chinese internet users. As a consequence, Google China has moved to Hong Kong and Facebook, YouTube and Twitter are still unavailable in China. With Keychain's data center in Hong Kong and solana.hk advising on internet, data and hosting initiatives, we do not expect that the Company or any of its marketplace partners will face these challenges."
John Madsen, President of Solana, added, "We are very pleased to bring our many years of network infrastructure and connectivity experience to a company with such measured ambition in an extremely high growth industry. Hong Kong's high standards and regulated telecommunications environment has evolved into a global telecom carrier nexus, enabling Solana to establish reliable hub operations and provide flexible data exchange. This gives Solana the ability to offer truly customized, performance-based internet access that is designed to optimize a client's on-line retail marketplace, and we now look forward to helping the Company do the same."
ABOUT SINOBIOMED INC. (d/b/a SITOA GLOBAL INC.)
Sinobiomed Inc., which is in the process of changing its name to Sitoa Global Inc., is an e-commerce facilitator that seeks to enable the next big thing in e-commerce by building and managing leading online marketplaces that integrate online retailers with targeted customers groups interested in their product offerings. The Company's efforts target the growth of e-commerce, media and social networking through strategic transactions. The Company's goal is to provide infrastructure that builds online "e-malls" for retailers designed to attract focused customer communities as part of a social marketplace that expands retail sales channels without the risks of focus dilution and increased capital and operating costs. As part of its revenue model, the Company shares in revenues generated by the marketplace sites in addition to charging one-time integration and hosting fees.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the ability of the Company to deploy its own Keychain data center and in-house telecommunication assets to host marketplaces in the Asia Pacific region, including the newly announced marketplaces Chunjie365 and ShopShipUSA; the ability of the Company's partnership with Solana to result in fast, reliable and scalable online shopping experiences for Asia Pacific customers; the likelihood that the Company will keep avoiding problems encountered by large scale web-based operations in foreign countries, or that it will not face regulations that restrict or limit use in the future; the business strategy, plans, and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.
CONTACT: Christian Kirsebom Tel (925) 927-6666