Market Overview

Subaye, Inc. Announces $74.4 Million in Recurring Annualized Revenues as of December 31, 2010

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Subaye (NASDAQ: SBAY) announced today that its bundled cloud product ("BCP") customers grew to 14,546 as of December 31, 2010, which represents an increase of $6.1 million in annualized revenues since the launch of Subaye's new business model on September 1, 2010. The current level of 14,546 BCP customers generates a monthly run rate of approximately $6.2 million in revenues per month, or $74.4 million annually.

Since September 30, 2010, Subaye has generated customer growth in 23 of 27 markets the Company is now operating within.

On October 25, 2010, Subaye acquired the assets of www.aixi.net. These assets primarily included a customer list of 42,731 small and medium sized businesses (the "Aixi SMEs") located in Guangdong Province, China. Subaye has previously stated its internal target of converting at least 8,546 and 17,092 of the Aixi SMEs to paying BCP customers by June 30, 2011 and December 31, 2011, respectively. As of December 31, 2010, Subaye had a total of 3,261 paying BCP customers that were Aixi SMEs. Management continues to believe Subaye will meet its internal targets with regard to the Aixi SMEs.

January Investor Roadshow

Subaye management will be meeting with current and potential investors in Boston, Massachusetts on January 21st and 22nd and in Palm Beach, Florida between January 23rd and January 27th. An investor event has been organized on January 25th in Boca Raton, Florida. Attendance is open to current and potential investors but no walk-ins be allowed.

Posted-In: Earnings News Retail Sales

 

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