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HONG KONG, July 8, 2009 - (ACN Newswire) - VODone Limited ( "VODone" or the "Group"; stock code: 0082.HK), a leading Chinese new media operator, is pleased to announce that the lottery channel (cai.vodone.com) on VODone website (www.vodone.com) received widespread attention from Chinese lottery fans, with a large number of registered users since it launched the business of mobile lottery at the end of April 2009. On 8 July 2009, VODone launched the new business "Constant Lottery", and became an Internet video new media, broadcasting the drawing of "Constant Lottery" as exclusively authorized by the Heilongjiang Welfare Lottery Center.
"Constant Lottery", due to its characteristics of being a welfare lottery, is a channel for raising funds for the national public welfare. VODone intends to build up a unique "Constant Lottery" business providing lottery fans with the most considerate services through the win-win cooperation with the Heilongjiang Welfare Lottery Center.
Heilongjiang Welfare Lottery Center is a welfare lottery center authorized by the Ministry of Finance, the Ministry of Civil Affairs and other relevant government authorities. VODone is one of the most influential Internet video new media companies and has live Internet video technology, a team of experts and platform edges. The cooperation with the two parties, by launching the exclusive Internet live video programming on drawing "Constant Lottery" with winning numbers and lottery results is released every 10 minutes to hundreds of millions of lottery fans in China. This can inform lottery fans of the drawing and lottery results of Constant Lottery in a more transparent, intuitive and fairer way.
VODone is an Internet video new media company which owns the fullest set of qualifications and licenses in the industry, and is entitled to collecting, editing, producing and broadcasting of internet video programmes. Its full-fledged qualifications lay a solid foundation for lucky drawing of "Constant Lottery" through video broadcasting. VODone will be broadcasting the video program including experts' recommendations to help lottery fans bet more efficiently.
On 1 July 2009, a technical notarization and authentication conference was held for the "Electronic Lottery Drawing System" self-developed by the Heilongjiang Welfare Lottery Center. The system has smoothly passed the authentication by the expert panel comprising professors from The State Key Laboratory Of Information Security and Harbin Engineering University. It marks the successful R&D of the first electronic system of lottery drawing, and ensures the successful development of the cooperation between VODone and Heilongjiang Welfare Lottery Center, further assuring the safety and reliability of Constant Lottery of VODone.
As shown in statistics, total sales of China's lottery reached RMB105.9 billion in 2008, a new record in the past 21 years since the introduction of lottery in the PRC, and exceeded RMB100 billion for two consecutive years, including annual sales of welfare lottery of RMB60.3 billion. Yet the market potential can be much greater. With the implementation of the Regulations on Administration of Lottery from 1 July 2009, lottery laws can be strictly followed. The cancellation of issue cap limit and extension of the prize exchange period better guaranteed the legal interest and reasonable income of lottery fans and will further promote the prosperity of the lottery market.
The "Constant Lottery" live Internet broadcasting on VODone can be accessed by approximately 100,000,000 lottery fans, 320,000,000 Internet users and 660,000,000 mobile phone users in China.
"Constant Lottery" is a lottery type with fast pace, digit-based, fixed winning rate betting. Its features include: Firstly, it is regular. 84 runs every day, approximately every 10 minutes for each drawing from 10:00 a.m. to 12:30 a.m.. Secondly, its playing pattern is simple. It is based on five digits for easier portfolio and analysis to reduce the reliance of luck and enhances the importance of intelligence. Thirdly, it enables users to play in various ways. It includes One-star Prizes, Two-star Prizes, Three-star Prizes, Four-star Prizes, Five-star Prizes, large/small or odd/even, Two-star combinations, etc. From "One-star Prizes" to "Five-star Prizes", each level plays differently, with a single choice or multiple choices in each lot for easier winning. Fourthly, it is exciting. The lotteries are casted, opened, and results confirmed instantly which greatly enhances the excitement. Fifthly, it is interesting. It is the first betting for large or small, odd or even numbers in China which greatly increases the fun of playing. Sixthly, it sets fixed awards. All awards are fixed and bonus pools are established. Each lot costs RMB 2 and the highest award amounts to RMB 100,000. Seventhly, it has a higher winning rate. It is a lottery with one of the highest winning rates in China. Lastly, it gives constant surprises in succeeding winnings. It invents the patterns of All-Five-Stars Choices and Portfolio Choices/Betting, allowing succeeding winnings.
According to Dr. Zhang Lijun, Chairman of VODone, "Constant Lottery, which skillfully combines our new operation mode and new broadcasting platform, is another major innovation and exploration by VODone in the new media development. We hope that users can enjoy great fun of the new lottery game which combines live Internet broadcasting and the lottery."
Contact:
Wonderful Sky Financial Group Limited
Joanne Chan / Grace Zhang / Bianca Tse
Tel: +852 2851 1038
Fax: +852 2815 1352
E-mail: joannechan@wsfg.hk / gracezhang@wsfg.hk / biancatse@wsfg.hk
Topic: Corporate Announcement
Source: V1 Group Limited
https://www.acnnewswire.com
From the Asia Corporate News Network
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