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One Horizon Group: One Horizon Aishuo App Surpasses 10 Million Downloads In China In First Eight Months

The following excerpt is from the company's SEC filing.

App on target to exceed 2-year goal of 15 million subscribers

LIMERICK, IRELAND--(October 29 2015) - One Horizon Group, Inc. (NASDAQ: OHGI) ("One Horizon", "We" or the "Company"), which operates its own Chinese retail VoIP service, branded Aishuo, and develops and licenses a bandwidth efficient mobile voice over Internet Protocol ("VoIP") platform for smartphones, announced today that its Aishuo App has achieved over 10 million downloads since its launch in late February 2015, and is well on the way to reaching its 24 month stated goal of 15 million users.

One Horizon believes the number of downloads indicates the rapid growth of Aishuo network and possibility of it becoming a base model communication platform for Chinese users because of its technology advancements and underlying value.

Mobile VoIP services are heavily geared towards free calls for users. Aishuo not only offers free app-to-app calls but also allows its subscribers to purchase call credit to call landlines or mobile phones, local or internationally. Its upgraded solution offers seamless 3G to Wi-Fi calls to enable users stay connected in walk and talk. It also allows users to place low cost calls while on the move by delivering a ten times less bandwidth VoIP call over wireless networks such as 3G and 4G. The users of Aishuo can save on data charges where applied, while continuing to have higher call quality in app or to landline/mobilephone.

One Horizon Group CEO Brian Collins noted, “At this very early stage in our lifecycle, we are demonstrating that there is a sustainable, expanding business model in...