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.
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