MyEtone announced that it received capital infusion from Venture Republic in Japan.

MyETone is a leading online comparison shopping/search engine combined with peer-to-peer review platform with over 10 million monthly unique visitors. A successful consolidation of www.myetone.com and www.askyaya.com in 2007 set off the company's robust expansion in China's e-commerce space. Its websites enable consumers to obtain instant free and unbiased information before making a purchase decision. Its database contains millions of products in categories such as cosmetics, apparel, books, consumer electronics, digital devices, baby products and outdoor gear and apparel. Consumers can then find the retailer which provides the best offer. Currently, the company is also promoting a cash rebate program for purchases of selected products.

Venture Republic (VR) runs www.coneco.net, a popular Japanese comparison shopping site and various other comparison shopping and travel search engines with over 9 million monthly users in Japan. VR is a public company (2177.OJ) after a successful IPO in August 2008. Mitsubishi Corporation is its largest shareholder.

VR's capital injection not only addressed MyEtone's capital needs but also brings expertise in comparison shopping and search engine to MyEtone. The collaboration between MyEtone and VR will strongly boost MyEtone's ability to accelerate its growth.