VANCOUVER, Jan. 20, 2012 /CNW/ - Fireswirl Technologies Inc. (TSXV:FSW), the "Company", is pleased to announce that, with the record-breaking
opening of the fourth movie of the "Pleasant Goat and Big Big Wolf"
animation series "Mission Incredible: Adventures on the Dragon's Trail"
(the "Movie") in China, the Company's "Pleasant Goat and Big Big Wolf"
official online store and Taobao flagship store have broken through the
benchmark 1,000 online orders per day this month, only after two months
of the stores' opening.
The Movie grossed RMB 20 million (approx. C$3.2 million) on its debut
day in the box office. It surpassed the record of the previous
"Pleasant Goat and Big Big Wolf" movie and set a new first-day box
office record for a Chinese animated movie. The Movie is distributed by
The Walt Disney Company.
Fireswirl sets up, operates and maintains the "Pleasant Goat and Big Big
Wolf" official online store and Taobao flagship online store in China.
Both stores were launched two months ago and have since experienced
substantial growth in online sales. The Online store generates
revenues through sales of related merchandise and kids apparel.
"Pleasant Goat and Big Big Wolf," also known as "XiYangYang," is the
No.1 cartoon series in China. In 2010, the third animated movie derived
from the series broke the domestic box office record for a Chinese
produced animated movie.
"This is a very strong start for us in 2012. The growth of e-commerce in
China is phenomenal, and it becomes an essential sales channel for both
international and local brands," says Tony Lau, CEO of Fireswirl, "and
will directly benefit Fireswirl's growth strategy."
Fireswirl Technologies Inc. (TSXV: FSW) is an e-commerce operator with
state-of-the-art online technologies and extensive operation experience
in China. Its business focus is to collaborate with international
brands and operating their branded online stores to generate sales
revenue in the fast growing China market. The Company operates the
official online stores or the Taobao flagship Store for a number of
well-known international brands, such as Motorola, Logitech, Sony
Ericsson and Casio.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this release. This
news release contains certain forward-looking statements that reflect
the current views and/or expectations of Fireswirl Technologies Inc.
with respect to its performance, business and future events. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, those relating to changes
in the market, potential downturns in economic conditions, foreign
exchange fluctuations, general demand, competition and our ability to
implement our business plans and strategies in a timely manner or at
all. These risks, as well as others, could cause actual results and
events to vary significantly. Fireswirl Technologies Inc. does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements.
SOURCE Fireswirl Technologies Inc.
For further information:
Further information can be found on the company at: www.fireswirl.com or contact:
Fireswirl Technologies Inc.
Telephone: 604.540-8805 Ext. 214