2007'02.04.Sun
TCOM Completes Previously Announced Acquisition of Wukuang

PR
June 21, 2006

HONG KONG, June21 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM) today announced its subsidiary, Alpha Century Holdings Limited (Alpha) has completed an acquisition of 100% ownership interest of Guangzhou Panyu Minmetals Import & Export Co., Ltd., a PRC L.L. company, the operation of Wukuang IE Limited ("Wukuang"), from its owners in $500,000cash. "We are very pleased with the final structure of Wukuang," said Tim Chen, Chief Executive Officer of TCOM. "We saved $5.5 million in acquiring a company with an annual profitable revenue of more than $10 million. This transaction is expected to enable Wukuang to integrate the use of Subaye.com, as well as Wukuang's experts from the logistics facility in China." TCOM will be implementing the deployment of its SMEs e-commerce logistic in both China and overseas, and will be tying such deployment, where possible, for use at the Wukuang facilities. There are such uses for this logistic in both traditional trade and e-commerce. 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.
Post your Comment
広告
ブログ内検索
アーカイブ
カウンター