KongZhong Corporation (
Q4 2010 Earnings Conference Call
March 2, 2011 7:30 PM EST
Jay Chang – CFO
Wang Leilei – CEO
Andrey Glukhov – Brean Murray
Adam Krejcik – Roth Capital Partners
Nan Li [ph] – SIG
Good day, ladies and gentlemen, and welcome to the fourth 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 a listen-only mode. Later we will conduct a question-and-answer session. (Operator Instructions).
I would now like to turn the conference over to Mr. Jay Chang, Chief Financial Officer. Please proceed, sir.
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.
I will first go over our fourth quarter and full-year 2010 results before handing over the call to our CEO, Mr. Wang Leilei.
Total revenues for the fourth quarter of 2010 were $36 million, a 4% sequential decrease and a 5% increase from the same period last year.