Completes Acquisition of SMS/MMS Call Center CRM System
NEW YORK, June 30 /PRNewswire-FirstCall/ -- Telecom Communications, Inc.
(OTC Bulletin Board: TCOM) today announced a new business model offering
Integrated Communications Network Solutions and becoming a Content Service
Provider called Total Solutions. Telecom also announces the acquisition of
SMS/MMS Call Center CRM System, a software system providing SMS/MMS over
wireless protocol and Voice over Internet Protocol (VoIP) solutions to
businesses. Under the terms of the agreement, Telecom will provide
approximately $1.1 million in capital to software developer Gold Swallow Shop
Limited.
"Today marks a significant achievement in Telecom's history as the
completion of this acquisition moves Telecom from being a revenue sharing
business model with service partner of a telecom operator to an Integrated
Communications Network Solutions and Contents Service Provider," said Shanhe
Yang, Vice-president for Product Developments of Telecom. "
Telecom signed a three year contract valued at approximately $4.32 million
with Taikang Corp. last month. Telecom projects to receive a total solutions
license fee $3.96 million plus $0.36 million in support fees. The result of
purchasing this SMS/MMS Call Center CRM System creates a fixed revenue of
$120,000 monthly over 36 months.
The closing of the deal has no effect on SMS/MMS Call Center CRM System's
existing customers as they will continue to receive the same services, but
under the Telecom brand. Telecom plans an aggressive expansion of Total
Solutions to application service provider master license fee business model to
more than 10 of the top integration of contents, networking database and
software system before or on the end of 2005.
At the center of the Total Solution is a full-feature, hosted SMS/MMS
solution that offers advanced Internet, wireless capabilities without the need
to install expensive hardware at the customer location. In addition, each user
gets a unique code number and an associated web to manage incoming and
outgoing short messages, multimedia messages, phone calls, voice mails and
emails with one common interface. The Total Solution service also allows
simple, rapid administration of a company's telecom services, including adding
new customers and moving telephone number locations online without the cost of
a telecom support department.
The Total Solution web allows users to consolidate their multiple phone
numbers (home, office, mobile) with a single personal telephone number so
callers reach them wherever they are. A personal virtual SMS/MMS number
handles all incoming faxes. The unified visual mailbox conveniently manages
voicemail and faxes just like e-mail. Robust call logs and integration with
Microsoft Windows Media Player and Instant Message allow users to make and
auto reply regular questions with just a mouse click. Web collaboration and
MMS interact are easy to use anywhere anytime.
About Telecom Communications Inc.
Telecom Communications Inc. is doing business in China via subsidiaries.
IC Star MMS is a China-based local information and services affiliates
network. Established in December 1991, IC Star MMS (http://www.ICStarMMS.com)
has contracted with more than 2000 websites and collected all of their
Internet and mobile phone users to be the online/offline members.
ICStarMMS.com is through IC China network links entertainment & lifestyle
information to local communities across China. IC Star MMS, which has been
created by original Star SMS/MMS called (My Star Friends) community, was first
invented in SMS/MMS interactive between Star and fans in the world. Telecom
Communications has been working with Aixi Software, Limited
(http://www.aixi.net) to develop a software program that is specifically
provided to service providers in the wireless messaging services in China.
This called SMS/MMS Information Manager System software has generated sales
via revenue sharing model with service providers. In Jan 2004, the company has
launched SMS/MMS Call Center CRM System (Enterprise version) for the service
industry. In the meantime, TCOM, together with Aixi Software, will also launch
ICPhone Opt-in Classified List service. This service is specifically designed
for the service providers to offer information services software. Telecom
Communications is targeting users of mobile devices such as mobile phone,
internet and PDA's. The Company has been working together with other local
Chinese companies to develop telecommunication value-added service application
software and system integration for commercial, industrial, cultural and
educational usage.
This announcement contains forward-looking statements that involve risks
and uncertainties, including those relating to the Company's ability to grow
its business. Actual results may differ materially from the results predicted
and reported results should not be considered as an indication of future
performance. The potential risks and uncertainties include, among others, the
company's limited operating history, the limited financial resources, domestic
limited management infrastructure or global economic conditions -- especially
those relating to China, activities of competitors and the presence of new or
additional competition, and changes in Federal or State laws, restrictions and
regulations on doing business in a foreign country, in particular China,
uncertainty that this or any other acquisition can be completed and conditions
of equity markets. More information about the potential factors that could
affect the company's business and financial results is included in the
Company's filings, available via the United States Securities & Exchange
Commission.
SOURCE Telecom Communications, Inc.
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Related links:
http://www.ICStarMMS.com
http://www.aixi.net
CONTACT:
Mr. Benny Huang of Telecom Communications,
Inc., 011-852-2782 0983, pr@icchina.net
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