Pay88, Inc. (OTCBB: PAYI) has entered a distribution agreement with Sohu.com Inc. (NASDAQ: SOHU). Through their subsidiary, Qianbao Technology, Pay88 will act as a distributor of SOHU digital products, with a focus on mobile phone games. With over 100 million users and 700 million site visits per day Sohu.com Inc., is one of the leading internet media companies in China with revenues of over $429 million USD in 2008.
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About Pay88, Inc.
Pay88, Inc., through its wholly-owned subsidiary, Chongqing Qianbao Technology, Ltd., is a rapidly growing digital technology company and the leading reseller of internet game time in China with over $19.7 million USD in revenues in 2008, a 134.8% increase over revenues in 2007. The company is primarily engaged in the sale of prepaid online multi-player game cards in more than 20 cities in China, an industry that generated $2.75 billion in 2008 and is expected to reach $3.8 billion by the end of 2009. In addition, The Company sells prepaid telephone cards and over 800 software products, including cooking, language and education software.
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