BEIJING, March 16, 2011 (GLOBE NEWSWIRE) -- AutoNavi Holdings Limited ("AutoNavi" or the "Company") (Nasdaq:AMAP), a leading provider of digital map content and navigation and location-based solutions in China, today announced that the user base of its MiniMap application had reached 12.5 million as of March 15, 2011, up over 180% from 4.4 million one year ago.
The Company's active MiniMap user base consisted of 45% Android users, 29% Symbian users, 21% Java-based feature phone users and 5% users of other mobile operating systems as of March 15, 2011. This compared to 1% Android users, 74% Symbian users, 15% Java-based feature phone users, and 10% users of other mobile operating systems one year ago. The Company reported over 2.2 million active users in the month of February, 2011 and strong average daily new users with a one day peak of 48,000 new users on March 1, 2011.
AutoNavi's chief executive officer Mr. Congwu Cheng commented, "The rapid expansion of our MiniMap user base is an important step in the execution of our strategy to provide an industry-leading wireless location-based media platform that connects consumers with businesses who advertise on the platform. We were very pleased to see our MiniMap user base reach 12.5 million users across multiple operating systems and we are particularly happy with the tremendous growth in the number of users on the Android platform, which is one of the most popular smart phone operating systems available. We will continue to leverage our vast digital map database with over 13 million points of interest while devoting resources to enhance the functionality and service quality of the MiniMap application in an effort to further broaden our user base and increase user stickiness."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 3.1 million kilometers of roadway and over 13 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, public sector and enterprise applications, wireless location-based solutions and Internet location-based solutions. 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=8262 . 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 Business Outlook section and 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 wireless/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 registration statement on Form F-1 filed 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: In China: Serena Shi AutoNavi Holdings Limited Tel: +86-10-5985-9538 E-mail: firstname.lastname@example.org Derek Mitchell Ogilvy Financial, Beijing Tel: +86-10-8520-6284 E-mail: email@example.com In the U.S.: Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 E-mail: firstname.lastname@example.org
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