Infinity Group Sells "Mate" IP and I-China Security Marketing and Distribution Rights to Anxin-China for Nearly US$ 30 Million

Infinity Group Sells "Mate" IP and I-China Security Marketing and Distribution Rights to Anxin-China for Nearly US$ 30 Million PR Newswire BEIJING, July 26, 2012 BEIJING, July 26, 2012 /PRNewswire/ -- Infinity Group together with Z-Park Venture Capital in Beijing invests 20 Million RMB (nearly US$3.2 Million) in high speed storage hardware start-up Memblaze Infinity Group, a cross-border platform known for its strong roots in China, its vast, global network of technology and innovation, and its "China Outbound" initiative, which supports Chinese companies with an interest in international business, announced today that it has sold Mate IP and I-China Security marketing and distribution rights to Anxin-China Holdings Limited (1149.HK) for US$30 million. The first part of the transaction totaling US$15 million, 50% in shares and 50% in cash, has been completed. The second part of the transaction remains pending and is based on the fulfillment of milestones. Meitar Liquornik Geva & Leshem Brandwein handled the legal work. Mate develops and sells advanced content analysis and transmission as well as management products for safety and retail applications. Anxin-China Holdings Limited is an investment holding company. "The Mate/Anxin deal is another important milestone for Infinity, as we believe there is great potential for other like deals in the future. The market in China for Mate's technology is huge. This is only the beginning," said Infinity Group managing partner Mr.