CORRECTING and REPLACING Zong Chosen as Mobile Payment Platform for Mochi Media

PALO ALTO, Calif.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions to the fifth paragraph.

“Zong’s service expands the reach and quality of payment methods for gamers on our network, and through them we provide our developer partners with even more monetization opportunities.”

The corrected release reads:

ZONG CHOSEN AS MOBILE PAYMENT PLATFORM FOR MOCHI MEDIA

Zong Mobile Payments Integrated into Mochi Coins Micro-Transaction and Distribution Platform

Zong (www.Zong.com), the leading mobile payment service used by online gaming and social networking web sites, today announced that is has partnered with Mochi Media, the world’s largest online gaming property. Mochi Media has integrated Zong’s mobile payments platform into its recently launched Mochi Coins micro-transaction and distribution platform for Flash Games. Flash developers that have integrated Mochi Coins into their game platforms can now extend a frictionless, easy-to-use and secure mobile payment solution to gamers anywhere on the web.

With more than 14,000 Flash games distributed across 30,000 game portals, the Mochi Media games network reaches more than 100 million unique visitors a month. The integration of Zong into Mochi Coins will provide an even greater ability for Mochi Media to tap the lucrative multi-billion dollar virtual goods market.

“Millions of people every day spend time online playing Flash games, but often lack a viable method of payment for purchasing virtual currency or upgrading their game experiences,” said David Marcus, founder and CEO, Zong. “Our integration with Mochi Coins provides Mochi Media’s ecosystem of Flash developer partners with a proven, trusted and secure method for monetizing users they may otherwise have not.”

Featured in top applications on Facebook and MySpace and integrated with popular virtual worlds and gaming sites like Gaia Online, IMVU and Outspark, Zong’s frictionless payment experience converts "shoppers" into "buyers" at rates up to 10 times greater than traditional payment methods such as credit cards. The Zong mobile payments platform features the most extensive network of direct carrier connections across the globe and enables web publishers and game developers to reach over 1 billion mobile users. Zong’s underlying transaction platform has processed payments for more than 10 million unique users in 2009 and 25 million total unique users since 2000.

“Mochi Coins is the most comprehensive solution for Flash game micro-transactions available today. We provide Flash game developers with a full-service platform—from payment methods to server-side data storage--to monetize their audiences across any site on the Web,” said Justin Wong, VP business development, Mochi Media. “Zong’s service expands the reach and quality of payment methods for gamers on our network, and through them we provide our developer partners with even more monetization opportunities.”

Social networks, online gaming companies, virtual worlds and mobile carriers interested in working with Zong can visit http://www.zong.com for more information.

About Zong

Zong is the leading mobile payment service used by online gaming and social networking web sites. Noted for its frictionless user experience, Zong converts "shoppers" into "buyers" at rates up to 10 times greater than traditional payment methods, like credit cards. Zong leverages direct connections with leading mobile network operators around the world to provide unrivaled connectivity and service quality. Zong is featured in hundreds of top applications on popular social networks like Facebook and MySpace as well as leading virtual worlds and other online gaming sites, such as Gaia Online, IMVU and Outspark. In 2009 alone Zong has processed mobile payments for over 10 million unique users worldwide. Zong is the mobile payments business unit of Echovox, which was founded in 2000. For more information, please visit http://www.zong.com.