China Wireless Communications Obtains Equipment Financing From Datang Gohigh Networks Technology Corporation
Posted on: Thursday, 1 April 2004, 06:00 CST
DENVER, April 1 /PRNewswire-FirstCall/ -- China Wireless Communications, Inc. (BULLETIN BOARD: CWLC) announces that following a cooperative contract dated on February 25, 2004, it signed an equipment purchasing contract with Datang Gohigh Networks Technology Corporation ("Datang Gohigh"). China Wireless Communications will purchase network equipment products from Datang Gohigh to build out its wireless broadband metro networks around the 4th Ring Road of Beijing. The initial amount of equipment purchased for the first phase network build out was RMB 2,827,908 (or approximately $350,000USD). Datang Gohigh is providing China Wireless with equipment financing, full technical assistance related with their equipment, including installations, service support, supervisions, and maintenance.
Mr. Brad Woods, CEO of China Wireless Communications, commented, "This is a significant step for our company as we deploy our network in Beijing. To have a prestigious company as Gohigh Networks Technology Corporation providing quality equipment for our broadband metro networks allows us to meet our customers' requirements rapidly."
About Datang Gohigh Networks Technology Corporation
(http://www.gohigh.com.cn/)
Datang Gohigh Networks Technology Corporation is a high-tech company listed on Shenzhen Stock Exchange. It was founded in December 2001 by Datang Telecom Technology and Industry Group and Datang Telecom Technology Co., Ltd. Its major business includes research, manufacture, sales of products of IP, ATM, MPLS, and NGN (next generation network), soft switching system, and total solutions for broadband network communication. Now it is the unique company with the ability to construct ATM backbone network in China. It currently operates in 25 provinces and cities in China.
About China Wireless Communications, Inc.
(http://www.chinawirelesscommunications.com/)
China Wireless Communications, Inc., headquartered in Denver, CO provides a suite of broadband data services, including support for Internet access and Voice over IP in Beijing, China through its wholly owned subsidiary, In-Touch Communications. We use secure, reliable fixed wireless technology to provide the 'last mile' connection to link bandwidth-hungry businesses to our fiber- optic backbone, and to the networks of our telecommunications partners. Our "Wireless Fiber" services provide the capacity and reliability of fiber-optic networks, over a fixed wireless connection. As a result, we capitalize on faster deployment and maintain targeted capital spending available only through these advanced technologies. Our systems are used to provide redundant high-speed network access connections, Voice over IP and transport services that include IP data, video and ISP services. The Company is publicly traded on the OTCBB under the symbol "CWLC".
Forward Looking Statements:
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about the company's future expectations, including future revenues and earnings, and all other forward- looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially form the expected results.
For further information, please contact Pete Racelis, Vice President of China Wireless Communications, Inc., +1-303-277-9968.
China Wireless Communications, Inc.
CONTACT: Pete Racelis, Vice President of China Wireless Communications,Inc., +1-303-277-9968
Web site: http://www.gohigh.com.cn/http://www.chinawirelesscommunications.com/
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