APAC Telecommunications - Coopers Lybrand Confirms Profitability of Guangdong Acquisition.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Dec. 16, 1996--APAC Telecommunications (VSE See DOS/VSE. VSE - Virtual Storage Extended :APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated. APA - Application Portability Architecture ) In a 40 page report which disclosed the results of a three month multi-phase detailed analysis of the recently acquired (October 4, 1996) 140.250 mhz paging station headquartered in Guangzhou City, China. Coopers Lybrand accountants confirmed unaudited annualised 1996 operational revenue of $1,595,710 versus $1,529,876 for 1995 and profit before tax of $446,838 versus $327,262 for 1995. The report also confirmed total paid up subscribers was 22,000 with net new subscribers being added at the rate of 700 per month. President Garry Milligan said "We recognised the "140" as proof of our belief that it is possible to operate a profitable paging operation in China and that traditional western accounting principles can be used to analyse such operations. Even so there are always ways to improve the best operation and since November 1, APAC APAC Australian Partnership for Advanced Computing APAC Agricultural Policy Analysis Center APAC Asia and Pacific APAC Asian Pacific American Coalition APAC Adapted Physical Activity Council (American Alliance for Health) engineers have significantly improved network performance and coverage in the highly sensitive Adj. 1. highly sensitive - readily affected by various agents; "a highly sensitive explosive is easily exploded by a shock"; "a sensitive colloid is readily coagulated" Pearl River Delta The Pearl River Delta Region (PRD) in China occupies the low-lying areas alongside the Pearl River estuary where the Pearl river flows into the South China Sea. Since the "Open Door Policy" was adopted by the Communist Party of China in the late 1970s, the portion of the delta in . This has led to a dramatic reduction in subscriber turnover. November experienced the lowest "churn" rate in the operation's history of a mere 0.5 percent despite very intense marketing pressure from our competitors. Net adds for the month were 800 and we are launching a most comprehensive marketing strategy of our own emphasizing our unique regional and national roaming service. Our sales target for the first quarter is 5000 net new subscribers." APAC Telecommunications Corporation designs and installs paging and cellular communication systems for strategic partners in the People's Republic of China. Garry Milligan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. CONTACT: APAC Telecommunications Corporation Garry Milligan, 604/681-8338 604/681-2388 (fax) |
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