Subaye, Inc. Reiterates Focus on Cloud Computing, Delays Launch of Online 3D Mall

Subaye, Inc. SBAY announced today the delayed launch of its International Online 3D Mall until May 16, 2011. Zhiguang Cai, Subaye's Chief Executive Officer, stated, "We are focused on our Bundled Cloud Product ("BCP") sales growth with an emphasis on reaching significant marketshare in China during 2011 and 2012. That focus has not changed since we committed to our cloud computing core business model in early 2010. We will launch complimentary and enhanced versions of our online and mobile platforms form time to time but the launch of our Online 3D Mall, Group Buy and the International Online 3D Mall should not be construed as changes in our business model or core drivers of our future growth. These web properties were developed with minimal cost and are primarily intended to further develop Subaye's brand awareness in China and also create indirect BCP customer acquisition channels. Although we are hopeful that these web properties will produce significant revenues for Subaye, the potential revenue streams from these web properties are expected to be a fraction of our BCP revenues and have never been included in Subaye's projected financial results."