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Telestone Achieves the Title of 'Zhongguancun Sci-Tech Guaranty A-Rating Good Credit Enterprise'

Posted on: Friday, 5 June 2009, 01:55 CDT

BEIJING, June 5 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation ("Telestone") (Nasdaq: TSTC), a leading developer and provider of wireless communication coverage solutions based in the People's Republic of China, today announced that on April 8, 2009, Beijing Daily announced the first group of enterprises that has been recommended as enterprises with an A-rating of good credit by the Zhongguancun Science and Technology Guaranty. This group includes Beijing Telestone Technology Co., Ltd.

Beijing Zhongguancun Sci-Tech Guaranty Co., Ltd was established in 1999. It is a policy-based credit guaranty organization funded by the Chinese government, and one of the most influential domestic guaranty organizations as well as the national guaranty organization innovation training base chosen by the National Development and Reform Committee of Beijing. Beijing Zhongguancun Sci-Tech Guaranty Co., Ltd also started the "Zhongguancun Enterprises Credit Promotion Association". The first group of A-rating good credit enterprises were chosen based on recent results of the guarantee credit rating service and recommendations by the Beijing Zhongguancun Sci-Tech Guaranty Co., Ltd. Beijing Zhongguancun Sci-Tech Guaranty Co., Ltd. will provide the enterprises with different credit guaranty ratings and will take the role of guarantor responsible for the organizations that extend credit to the enterprises according to rating results.

Telestone was founded 12 years ago. We believe that the company has always followed the tenet of "winning customers with trust, obtaining development with trust". We believe that our strong sense of mission has motivated Telestone to make continuous innovation and that our good credit and products' quality have won the confidence of the People's Government of Beijing Municipality, Beijing Municipal Commission of Science and Technology, Z-park and our customers.

SOURCE Telestone Technologies Corporation

Source: PR Newswire

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