HANGZHOU, China, May 10, 2012 (GLOBE NEWSWIRE) -- Sky-mobi Limited
("Sky-mobi" or the "Company") (Nasdaq:MOBI), a leading mobile
application store and mobile social network community operator in
China, today announced the launch of its new smart Android products
during the 2012 Global Mobile Internet Conference ("GMIC") on May 11,
2012 in Beijing.

Mr. Michael Song, Chairman and Chief Executive Officer of Sky-mobi was
one of the keynote speakers and formally introduced a series of new
Android products, including the Android application store and PC suite,
Android social gaming platform, and Android payment solution for
developers. The new Android products are supported by Sky-mobi's
industry leading operational platform, including information data
centers with up to 99.96% reliability, 24-hour client service, industry
leading download speeds and fully integrated, seamless mobile payment
capabilities.

"We are excited about the commercial launch of our new smart phone
products and believe they will be well received by customers, handset
manufacturers and developers alike," commented Mr. Michael Song,
Chairman and Chief Executive Officer of Sky-mobi. "Our application
store is ground breaking in the industry combining a new online and
offline store model for mobile applications. With a portfolio of
competitive Android products offering immediate monetization
opportunities and supported by our strong operational platform, we look
forward to establishing a strong foothold in the low cost smart phone
market and maintaining our position as one of China's leading mobile
internet companies."

About Global Mobile Internet Conference

The Global Mobile Internet Conference (GMIC) is Asia's largest and most
elite mobile Internet conference, drawing more than 1,400 attendees and
nearly 1,600 mobile developers from 26 countries around the world in
2011. It is specifically designed for mobile Internet leaders to
connect with each other, to learn from top industry influencers, and to
promote their initiatives. The Global Mobile Internet Conference 2012
will be the fourth iteration of the GMIC conference and is hosted by
the Great Wall Club, the leading network-based CEO club in the global
mobile Internet industry. GMIC 2012 continues to aim to be at the
frontier of the mobile Internet landscape to bring together leaders,
influencers, and executives in mobile Internet from around the globe.
For more information, please visit: http://gmic.greatwallclub.com.

About Sky-mobi Limited

Sky-mobi Limited operates the leading mobile application store in China
as measured by revenues in 2010, according to Analysys International.
The company works with handset companies to pre-install its Maopao
mobile application store on handsets and with content providers to
provide users with applications and content titles. Users of its Maopao
store can browse, download, and enjoy a range of applications and
content, such as single-player games, mobile music, and books. The
Company's Maopao store enables mobile applications and content to be
downloaded and run on various mobile handsets with different hardware
and operating system configurations. The company also operates a mobile
social network community in China, the Maopao Community, where it
offers mobile social games, as well as applications and content with
social network functions to its registered members. The Company is
based in Hangzhou, the People's Republic of China. For more
information, please visit: www.sky-mobi.com.

The Sky-mobi Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8458

Safe Harbor Statement



This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In some cases, you can identify
forward-looking statements by such terms as ''believes,'' ''expects,''
''anticipates,'' ''intends,'' ''estimates,'' the negative of these
terms, or other comparable terminology. Such statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those projected. Potential risks and uncertainties
include the effectiveness, profitability, and marketability of the
Company's solutions; the Company's limited operating history; measures
introduced by the PRC government and mobile network operators aimed at
the telecommunications industry and mobile applications-related
services; the Company's ability to maintain cooperation relationships
with handset companies, content providers and payment service
providers; its dependence on mobile service providers, and ultimately
mobile network operators, for the collection of a substantial majority
of its revenues; billing and transmission failures, which are often
beyond the Company's control; its ability to compete effectively; its
ability to capture opportunities in the expected growth of the smart
phone market; its ability to obtain and maintain all applicable permits
and approvals; general economic and business conditions; the volatility
of the Company's operating results and financial condition; the
Company's ability to attract or retain qualified senior management
personnel and research and development staff; and other risks detailed
in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements are based on current expectations,
assumptions, estimates and projections about the Company and the
industry. The Company undertakes no obligation to update
forward-looking statements to reflect subsequent occurring events or
circumstances, or changes in its expectations, except as may be
required by law.


CONTACT: Sky-mobi Limited
         Mr. Carl Yeung, CFO
         Phone: +(86) 571-87770978 (Hangzhou)
         Email: ir@sky-mobi.com
         
         CCG Investor Relations
         Elaine Ketchmere, Partner and VP
         Phone: +(1) 310-954-1345 (Los Angeles)
         Email: elaine.ketchmere@ccgir.com