2007'02.01.Thu
TCOM Announces Alpha Century Signs Letter of Intent to Acquire Wukuang Import & Export Limited, to Merge with Its SME e-Commerce Platform: Subaye.com in China

February 28, 2006

HONG KONG, Feb. 28 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM) today announced its subsidiary, Alpha Century Holdings Limited (Alpha) has signed a Letter of Intent to acquire Wukuang Import & Export Limited (Wukuang). Alpha plans to acquire a 100% interest of Wukuang in exchange for $6 million in cash and convertible notes. Wukuang Managements will become an integral part of TCOM's SME China strategy as Alpha's Business to Business to Consumer (BtoBtoC) value chain Subaye.com e-commerce business. Wukuang Import & Export Limited is a privately owned company. Established in 2003, it's headquartered in Guangzhou, China. Wukuang imports various products for reselling to SMEs and purchases merchandise from SMEs to export to oversea markets. In fiscal 2005, Wukuang had record profitable revenue of $12 million, and fiscal 2004 was $10 million. Alpha's attorneys and accountants will be completing further due diligence prior to the closing date. The acquisition is also subject to approval by the board of directors of both companies, the shareholders of the target company, and a completion of audited financial statements in accordance to GAAP as required by the SEC. About Telecom Communications, Inc. Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd. ( http://www.subaye.com ), IC Star MMS, Ltd. ( http://www.icstarmms.com ) and 3G Dynasty Inc. ( http://www.skyestar.com ). Safe Harbor The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. For more information, please contact: Ms. Sandy Tang Telecom Communications, Inc. Tel: +852-2782-0983 Email: pr@tcom8266.com SOURCE Telecom Communications, Inc.
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