Guangzhou Global Telecom Reveals Increased Revenues Due to Beijing Olympics |
GUANGZHOU, China, Sept. 8 /Xinhua-PRNewswire/ -- Guangzhou Global
Telecom Inc. (OTC Bulletin Board: GZGT), a mobile phone handset, pre-paid
calling card distributor and provider of value-added mobile services in the
PRC, has released a sales report on its retail turnover during the 2008
Olympic Games. The report showed that sales at its Beijing outlet increased
by nearly 50% in the two months of July and August.
Sales of mobile equipment and services, including mobile devices,
pre-paid cards, game cards and most significantly, mobile web content, rose
almost 70%. The Olympic Games presented an opportunity for mobile service
and content providers to introduce mobile web surfing to consumers who are
interested in keeping tabs on their favorite athletes during the Games.
Consumers are also educated to increase awareness about how the mobile web
can be used and campaigning by mobile service providers in making this mode
of communications, information access and entertainment appealing to them.
In addition, the sales report includes revenue forecasts for the month of
September and for the 3 months ending 30 September 2008. Projected sales
for September are poised to increase by an incredible figure of around 60%
as compared to the same time last year. A rise in the region of the same
amount is also expected for 3rd Quarter sales from a year earlier.
Li Yankuan, CEO of Guangzhou Global Telecom said that the internet and
mobile devices have grown in importance and popularity for their ability to
expand the reach and capabilities of users. She added that these
technologies make the viewing of the Games possible from more than just a
television set. Not only is this beneficial to mobile users, retail
marketers like us will be better positioned to target mobile consumers in
marketing and also providing a channel for advertisers to connect with
consumers.
About Guangzhou Global Telecom
Guangzhou Global Telecom, Inc. is a national mobile phone handset and
pre-paid calling card distributor and provider of mobile handset
value-added services. Maintaining cooperative relationships with China
Telecom, China Mobile and China Unicom, the Company seeks to become the
largest sales and distribution center of mobile phones, mobile phone parts
and prepaid mobile phone cards in China, and plans to introduce new
software and services through an expanded network of regional and
neighborhood service centers, shops and virtual stores. For details, please
visit our website at http://www.guangzhouglobaltelecom.com .
Safe Harbor Statement
Certain of the statements made in the press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements can be identified by the
use of forward-looking terminology such as "believe," "expect," "may,"
"will," "should," "project," "plan," "seek," "intend," or "anticipate" or
the negative thereof or comparable terminology. Such statements typically
involve risks and uncertainties and may include financial projections or
information regarding our future plans, objectives or performance. Actual
results could differ materially from the expectations reflected in such
forward-looking statements as a result of a variety of factors, including
the risks associated with the effect of changing economic conditions in The
People's Republic of China, variations in cash flow, reliance on
collaborative retail partners and on new product development, variations in
new product development, risks associated with rapid technological change,
and the potential of introduced or undetected flaws and defects in
products, and other risk factors detailed in reports filed with the
Securities and Exchange Commission from time to time.
For more information, please contact:
Glenn Yang
Tel: +86-139-2224-7039 or +65-9847-4716
Email: glennyang@guangzhouglobaltelecom.com
SOURCE Guangzhou Global Telecom, Inc.
back to topRelated links:
CONTACT:
Glenn Yang, +86-139-2224-7039 or
+65-9847-4716, glennyang@guangzhouglobaltelecom.com
