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InfoSmart Group, Inc. Secures Initial
Test Order for First Run of Newly Installed
Blu-ray Production Line
HONG KONG--(Marketwire - September 4,
2008) - InfoSmart Group, Inc. ("InfoSmart"
or the "Company") (OTCBB: IFSG),
a leading recordable digital versatile
disc ("DVDR") and Blu-ray ("BD")
manufacturer in Hong Kong and Brazil,
today announced it secured an initial
order from a leading media and entertainment
company, Media Asia Distribution, in Hong
Kong.
A recorded
media supplier of live concerts and films
in Asia, Media Asia Distribution has provided
InfoSmart with a 2,000 unit test order
for a film by two popular Cantonese actors,
Andy Lau and Sammi Cheng, and expects
to place Blu-ray disk production orders
with InfoSmart of 40,000 units by September,
2008. This will be InfoSmart's first order
produced on the Company's newly installed
Anwell Blu-ray equipment line purchased
in March of this year and installed over
the May and June timeframe. The Company's
initial order represents the first of
many sales it is forecasting as the sole
supplier of Blu-ray in the estimated annual
6,000,000 (six million) unit BD disk market
in Hong Kong and China. The Company estimates
monthly demand of BD disks for Hong Kong
at 350,000 units and 150,000 units from
China.
Media
Asia Distribution is one of many Hong
Kong-based media reproduction companies
identified by InfoSmart whose future reproductions
are 100% dedicated to the BD format. "This
first order is one of many we anticipate
will follow," began Parker Seto,
CEO of InfoSmart. "As the only Blu-ray
producer in Hong Kong and the first in
China, we expect to see several future
orders as Blu-ray begins to dominate the
visual media market," Seto concluded.
Initial
orders for 'short runs' of a Blu-ray disks
are used to confirm the format's high
reproduction standards are achieved prior
to initiating full production runs. Shortly
after random samples for the short run
are tested and certified; the order for
retail distribution is placed into production.
InfoSmart confirmed BD unit sales produce
the highest margins of all the media the
Company produces, nearly three times that
of its traditional CD and DVD product
segments. InfoSmart is forecasting BD
sales to contribute 10% of third and fourth
quarter revenues this year and 20% or
more of Asia regional revenues in 2009.
About
InfoSmart Group, Inc.
InfoSmart
operates state-of-the-art Blu-rayR, DVDR
and storage media production facilities
in Hong Kong and DVDR production in Brazil.
The Company is one of the largest manufacturers
of DVDR discs in Brazil and all of South
America and the sole supplier of Anwell
produced Blu-rayR disks for Hong Kong
and China. In addition to disk sales,
InfoSmart also maintains a strategic supply
relationship for sales of Abomem flash
memory.
FORWARD-LOOKING
STATEMENTS
This
press release may contain forward-looking
statements, as defined in the Securities
Reform Act of 1995 (the "Reform Act").
The safe harbor for forward-looking statements
provided to companies by the Reform Act
does not apply to InfoSmart Group, Inc.
(the "Company"). However, actual
events or results may differ from the
Company's expectations on a negative or
positive basis and are subject to a number
of known and unknown risks and uncertainties
including, but not limited to, competition
with larger companies, development of
and demand for a new technology, risks
associated with a startup company, risks
associated with international transactions,
general economic conditions, availability
of funds for capital expenditure by customers,
availability of timely financing, cash
flow, timely delivery by suppliers, ability
to produce our DVDRs and their components,
ability to maintain quality control, collection-related
risks from international transactions,
or the Company's ability to manage growth.
Other risk factors attributable to the
Company's business may affect the actual
results achieved by the Company including
those that are found in the Company's
Annual Report on Form 10-K filed with
the SEC on April 1, 2008, and subsequent
Quarterly Reports on Form 10-Q and subsequent
Current Reports filed on Form 8-K that
will be included with or prior to the
filing of the Company's next Quarterly
or Annual Report.
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