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KongZhong CEO Discusses Q3 2010 Results - Earnings Call Transcript

KongZhong Corporation ( KONG)

Q3 2010 Earnings Call

November 22, 2010 7:30 PM EST

Executives

Jay Chang – CFO

Wang Leilei – Chairman and CEO

Analysts

Andrey Glukhov – Brean Murray

Ming Zhao – SIG

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the third quarter 2010 KongZhong Corp. earnings conference call.

My name is Jeremy and I will be your operator for today. At this time, all participants are in listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions).

I would now like to turn the conference over to your host for today, Mr. Jay Chang, Chief Financial Officer. Please proceed, sir.

Jay Chang

Thank you, operator. This conference call may contain forward-looking statements. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them.

For additional discussions of risks and uncertainties relating to forward-looking statements and other factors, please see the documents we file from time to time with the Securities and Exchange Commission. We assume no obligation to update any forward-looking statements, which apply only as of the date of this conference call.

Thank you for your interest in KongZhong. On the call today, we have our Chairman and CEO, Mr. Wang Leilei; and myself, Jay Chang, company's CFO.

I will first go over our 3Q results before handing over the call to Leilei.

Total revenues for the third quarter of 2010 were $37.7 million, a 7% sequential increase and a 7% increase from the same period last year.

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