AutoNavi's Free Mobile Map App Tops 100 Million Users in China
BEIJING, Jan 14, 2013 (GLOBE NEWSWIRE via COMTEX) --
AutoNavi Holdings Limited ("AutoNavi" or the "Company") (Nasdaq:AMAP), a leading provider of digital map content and navigation and location-based solutions in China, announced that its free mobile map application ("app") has surpassed 100 million users as of today. According to a report issued today by Analysys International, an independent market research firm, AutoNavi joins only five other Chinese companies with mobile applications of greater than 100 million users. The other companies are Tencent, Alibaba Group, Qihoo 360, SINA Corporation and UCWeb.
"This achievement is an important milestone for our Company. We are thrilled that AutoNavi's mobile map app has joined such a premier group of popular applications," said Mr. Congwu Cheng, chief executive officer of AutoNavi. "We are proud and gratified that so many users choose and enjoy AutoNavi's mobile map app in fulfilling their navigation and location-based service needs. The popularity of our map app also reflects the remarkable extent to which location-based solutions have become part of the daily life of China's mobile Internet users."
AutoNavi's free mobile map app integrates the Company's digital map database with complementary content from vertical service providers, offering end users location-relevant information and services. The app works with all major smartphone operating systems, and also provides user-access through mobile browsers. Key features include, among other things, online navigation, personalized and optimized routing information, estimated arrival time, real-time traffic information with user-generated content, traffic broadcasts, interoperability with SINA's Weibo app, 3D views.
Users can download AutoNavi's free mobile map app at www.amap.com, as well as through all the major app stores in China.
About AutoNavi Holdings Limited
AutoNavi Holdings Limited (Nasdaq:AMAP) is a leading provider of digital map content and navigation and location-based solutions in China. At the core of its business is a comprehensive nationwide digital map database that covers approximately 3.6 million kilometers of roadway and over 20 million points of interest across China. Through its digital map database and proprietary technology platform, AutoNavi provides comprehensive, integrated navigation and location-based solutions optimized for the Chinese market and users, including automotive navigation solutions, mobile location-based solutions and Internet location-based solutions, and public sector and enterprise applications. For more information on AutoNavi, please visit http://www.autonavi.com.
The AutoNavi Holdings Limited logo is available at http://www.globenewswire.com/newsroom/prs/ pkgid=16204
Forward Looking Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the quotations from management in this press release, as well as AutoNavi's strategic and operational plans, contain forward-looking statements. AutoNavi may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about AutoNavi's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: AutoNavi's ability to adequately maintain and update its digital map database and minimize errors in its solutions; its current reliance on the automotive navigation market and a small number of customers for a substantial portion of its revenues; the project-based nature of its public sector and enterprise applications business; its limited operating history in the mobile/Internet location-based solutions markets; compliance with a complex set of laws, rules and regulations governing its surveying and mapping and other businesses in China; competition in the navigation and location-based solutions businesses in China; and its ability to manage its growth effectively and efficiently. Further information regarding these and other risks is included in AutoNavi's annual report on Form 20-F as well as in its other filings with the Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and AutoNavi undertakes no duty to update such information, except as required under applicable law.
CONTACT: For investor and media inquiries please contact:
AutoNavi Holdings Limited
Ogilvy Financial, Beijing
In the U.S.:
Jessica Barist Cohen
Ogilvy Financial, New York
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