APAC Telecommunications Announces Sales and Profits.VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 7, 1995--Mr. Steven Tan Steven Tan was a Singaporean footballer in the 1990s, who played in the Singapore national football team as a striker. He was best known for coming off the subs bench and scoring the all-important goals during the Malaysia Cup season, earning himself the nick-name of the , President & C.E.O. of 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) Telecommunications Corporation ("APAC"), announced today the pre-sale of more than 200 NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. mobile handsets in preparation for the launch of its inaugural mobile telephone service in Kaili City, China. Service is expected to commence in the next few weeks. A team of delegates comprising five key government officials from Kaili City and Guizhou Province will visit Vancouver in early December to officially announce the launching of the Company's Kaili City mobile phone system. Mr. Tan is also pleased to announce the signing of its first master distribution agreement with Qingyuan Telecommunications Ltd., one of the leading dealers in Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung . The initial contract is for 5,000 pagers. Similar agreements are being finalized with other dealers. Guangdong, the most prosperous province, will be the company's first paging system in China. System testing (testing) system testing - (Or "application testing") A type of testing to confirm that all code modules work as specified, and that the system as a whole performs adequately on the platform on which it will be deployed. and installation is nearly complete and sales to the general public are scheduled to commence on November 28, 1995 by which time the network will be operational. In addition, Mr. Tan also confirmed that the company recently completed two bulk sales of telecoms equipment. The sale of approximately 500 pagers and 2,000 handsets resulted in a net profit of $340,000. Both of these transactions involved the sale of surplus inventory and reflect the Company's growing reputation in the domestic market as a credible source of products and expertise in the distribution and management of wireless telecoms equipment and systems. APAC is involved in the distribution of wireless telecoms equipment to the local Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
Note to Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. CONTACT: APAC Telecommunications Corp. Peter McPherson, 604/681-8338 or 604/ 681-2388 |
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