忍者ブログ

ニュースリリースのリリースコンテナ第一倉庫

ニュースサイトなど宛てに広く配信された、ニュースリリース(プレスリリース)、 開示情報、IPO企業情報の備忘録。 大手サイトが順次削除するリリースバックナンバーも、蓄積・無料公開していきます。 ※リリース文中の固有名詞は、発表社等の商標、登録商標です。 ※リリース文はニュースサイト等マスコミ向けに広く公開されたものですが、著作権は発表社に帰属しています。

2025'03.15.Sat
×

[PR]上記の広告は3ヶ月以上新規記事投稿のないブログに表示されています。新しい記事を書く事で広告が消えます。

2007'02.01.Thu
TCOM Receives Due Diligence Package From Wukuang Under LOI;
April 07, 2006

Further Opportunities Explored for SMEs e-Commerce
    HONG KONG, April 7 /Xinhua-PRNewswire/ -- Telecom
Communications, Inc. (OTC Bulletin Board: TCOM) today
announced its subsidiary, Alpha Century Holdings Limited
(Alpha) has received the first scheduled materials
concerning due diligence of the Wukuang IE Limited purchase
from its owners.  As part of the due diligence agreement and
schedule, Alpha has received the first scheduled installment
under the terms of the LOI.  The first portion being the
suppliers database property, logistic system, and cost
verifications for the trading business, Main markets
contacts and suppliers contacts.  Alpha is satisfied with
the materials provided thus far and each party is committed
to not only carrying on the timeline but also exploring ways
to expand the relationship and agreement.

    Under the time schedule, Wukuang will continue
operating by the existing key persons as management, and
have been for examination by Alpha during March 2006. 
Alpha has already hosted Wukuang personnel at integrating
use Subaye.com, with ensuing approval of Wukuang's experts
from the logistics facility.  Alpha is working with SMEs
and parties for the immediate implementation of logistics
with Subaye.com in China.  Alpha also has access to 100
SMEs for logistics in China.  Under the LOI, Alpha will
acquire a 100% interest of Wukuang IE Limited, with an
exclusive trade rights license of mineral products that
Wukuang has grants for from the China government. 

    "We are pleased with the business network and
database property diligence received, and the accounting
for the cost of the asset to be acquired from the trading
facility," stated Tim Chen, President and CEO of TCOM.
 "With the relationship between TCOM and Wukuang teams,
this transaction will run smoothly."

    "Due to the exceptional lines of communication
that exist between our companies, we have been able to
complete the initial phase of the due diligence ahead of
schedule," stated Jin Li, Wukuang President and CEO. 
Li further stated, "We expect that the entire due
diligence cycle will be completed within the time frame
allotted, with minimum delays." 

    Importantly, 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 to the use
of Wukuang facilities.  Such uses for the logistic in
traditional trade for e-Commerce has always been known to
exist since logistics was created as it can use both
traditional trade and e-commerce. 

    Wukuang is a privately owned company in China, which
was established in 2003.  Fiscal 2005 recorded revenue was
$12.6 million, `04 was $9.7 million. Wukuang has exclusive
grant licenses for the export of some mineral resources
under the PR China Act.

    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.

PR
Post your Comment
Name:
Title:
Mail:
URL:
Color:
Comment:
pass: emoji:Vodafone絵文字 i-mode絵文字 Ezweb絵文字
trackback
この記事のトラックバックURL:
[6521] [6520] [6519] [6518] [6517] [6516] [6515] [6514] [6513] [6512] [6511
«  BackHOME : Next »
広告
ブログ内検索
カウンター

忍者ブログ[PR]