China Wireless Communications Signs Distribution Agreement With China Satellite Communications Beijing Branch
Posted on: Monday, 24 May 2004, 06:00 CDT
DENVER, May 24 /PRNewswire-FirstCall/ -- China Wireless Communications, Inc. (BULLETIN BOARD: CWLC) announces that it has signed a distribution agreement with China Satellite Communications Beijing Branch. This agreement grants China Wireless the distributorship of Internet Phone services for China Satellite Communications.
In China, the cost of placing an Internet phone call is significantly less than traditional fixed line phone service. The cost of traditional fixed line service continues to increase at a significant rate. It is expected that this agreement will provide substantial benefits for both companies.
Mr. Brad Woods, CEO of China Wireless commented, "We believe that this agreement will meet the increasing requirements of Internet telephony in China and further enrich our product suite to attract more customers. Currently, we are aiming to provide a better package of services to our customers, maximizing our revenues with the existing network and human resources. Previously, we successfully supported China Satellite Communications in connecting their phone cafes, and now we look forward to cooperating with them in more fields."
About China Satellite Communications Corporation:
As a state-owned backbone enterprise, China Satellite Communications Corporation is one of the six telecom operators in China, under the management of the Ministry of Information Industry. Its members include China Telecom Broadcast Satellite Corp., China Orient Telecom Satellite Company Co. Ltd., China Space Mobile Satellite Telecom Co., Ltd., China Posts & Telecom Translation Service Corp. and China Telecom (Hong Kong) Chinasat Corp. The major services of China Satellite Communication include satellite special services in communications, broadcast and other fields, satellite mobile communications services, Internet services and VSAT services, network services, 3.5G WLAN services, 800MHz trunking services and comprehensive data services based on GPS, audio, data and multimedia services based on satellite transmission technology, technical services and import & export services relating to satellite communications services.
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". 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.chinawirelesscommunications.com/
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