HONG KONG--(Marketwire - Dec 3, 2012) - iMing Corp. (OTC: IMNG) is pleased to provide an
update on its recent Corporate
developments.
Recently the Company changed its name from China Career Builder Corp. to
iMing
Corp., to better reflect changes in its core business as the Company
prepares
itself to be a major participant in the growing Internet TV Technology
(Web TV)
and Set-Top Boxes (STB) markets which supply high-definition television
through
the Web (Web TV) to consumers in China.
The worldwide set top box, dedicated device, market was $8.7 billion in
2011 and
is expected to reach more than $15 billion by 2018, as next generation
gateways
and cloud computing are introduced to manage Internet connectivity to
HD TV
devices in the home.
China is set to represent the fastest growing set top box market in the
world as
major manufactures of set top box devices have set a target of moving
from
terrestrial television to digital cable transmission in China by 2015.
It is anticipated that China's Internet population will hit 718
million by
2013, accounting for 52.7 percent of the total population.China has a
gross
online user base of as of July 2012 of 538 million internet users.
Chinese
Internet users spent an average of 18.7 hours online per week through out
2011
demonstrating the ever increasing demand for access to on-line content
and
entertainment programming from a single dedicated device.
iMing plans to take part in this explosive market opportunity by
offing
consumers an affordable Set-Top Box that targets both the massive
domestic
market of Internet Users as well as the CATV users who have access
to the
internet by providing a cost effective means of access to television,
sports,
entertainment and full length movies on-line through the company's HD
set top
box products.
ABOUT THE COMPANY
iMing Corp is positioning its self to be a leading technology solution
provider
of set-top boxes (STB) which supplies high-definition television through
the Web
(Web TV) in China, with the goal of being a leading provider of set-top
boxes
through out Asia and expanding into North America and Europe. The iMing's
Set-Top Box can play source files from USB, SD/MMC card, SATA or an
internal
2.5"storage installed into the Web TV Box. By supporting the latest
format
1080P Full HD decoding, SPDIF.7.1.DTS decoding and HDMI 1.3, the iMing
Web TV
Box brings superior quality and flexibility to consumers home
entertainment
experience. The technology used by iMing makes its productive competitive
with
the other industry players such as Google TV, WDTV, Apple TV, Roku and
Boxee
Box.
For further information please refer to the Company's
website at
www.imingcorp.com
If you would like to receive regular updates on iMing Corp. please send
your
email request to info@imingcorp.com or contact the company's Investor and
Public
relations at info@imingcorp.com.
SAFE HARBOR STATEMENT
Certain of the statements set forth in this press release constitute
"forward-looking statements." Forward-looking statements include, without
limitation, any
statement that may predict, forecast, indicate, or imply future
results,
performance or achievements, and may contain the words "estimate,"
"project,"
"intend," "forecast," "anticipate," "plan," "planning," "expect,"
"believe,"
"will likely," "should," "could," "would," "may" or words or
expressions of
similar meaning. Such statements are not guarantees of future
performance and
are subject to risks and uncertainties that could cause the company's
actual
results and financial position to differ materially from those included
within
the forward-looking statements. Forward-looking statements involve
risks and
uncertainties, including those relating to the Company's ability to
grow its
business. Actual results may differ materially from the results
predicted and
reported results should not be considered as an indication of
future
performance. The potential risks and uncertainties include, among
others, the
Company's limited financial resources, domestic or global economic
conditions --
especially those relating to China, activities of competitors and the
presence
of new or additional competition, and changes in Federal or State
laws,
restrictions and regulations on doing business in a foreign
country, in
particular China, and conditions of equity markets. The Company
disclaims any
obligation subsequently to revise any forward-looking statements to
reflect
events or circumstances after the date of such statement or to
reflect the
occurrence of anticipated or unanticipated events.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: iMing Corp. via Thomson Reuters ONE
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