ASPAC Communications Inc. Announces Appointment of Financial Advisor and Investor Relations Representation.Business Editors TORRANCE, Calif.--(BUSINESS WIRE)--July 25, 2001 ASPAC ASPAC Asian Studies on the Pacific Coast ASPAC Asian and Pacific Council ASPAC Asphalt Paving Company (Memphis, TN) ASPAC Associated Student's Presidential Advisory Council Communications Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ACMN ACMN Alto Commissario per le Minoranze Nazionali (Italian: High Commissioner on National Minorities; OSCE) ), a leading provider of fixed wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 Internet services in China, announced that it has appointed iBanc Group (iBanc) as its financial advisor and Alliance Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. (Alliance) as its investor relations Investor relations The process by which the corporation communicates with its investors. representative. In cooperation with iBanc and Alliance, ASPAC plans to develop a consistent, positive identity and a program to increase the awareness of the company by structuring and implementing an enhanced communication plan with stockholders, investors, brokers and financial media. Commenting on these appointments, Jeffrey G. Sun, chief executive officer of ASPAC, said: "With the signing of agreements with iBanc Group and Alliance, ASPAC has taken a firm step forward in pursuing its plan to increase our communications with investors and gain broader recognition for our company. Being the first to establish a fixed wireless broadband network in China, we are well positioned for rapid growth. We want to convey our corporate advancement to a broader base of investors." Bernard Esser, the principal of iBanc commented: "With China awarded for the 2008 Olympics and its commitment to join the WTO See World Trade Organization. , China is now opening to the world and more modern than ever. Having successfully built a wireless broadband network in Beijing, ASPAC represents an unique opportunity for investors searching for successful companies participating in this fast growing market with great upside potentials." About ASPAC Communications Inc. ASPAC Communications Inc. (ASPAC)(www.aspac-com.com) is a leading provider of fixed wireless broadband interactive communication and online services in the People's Republic of China (PRC) through its joint venture subsidiary YeeYoo.net (YeeYoo). ASPAC's joint venture partners include China Education and Research Network (CERNET CERNET China Education and Research Network ), which is under the direct supervision of the Ministry of Education and the second largest ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. in China, and Beijing Sino-Tech Science and Technology Development Center (SINOTECH). The combination of CERNET and SINOTECH provides the joint venture with access to more than 20,000 kilometers of nationwide fiber backbone and operation services, reaching 35 major cities and more than hundreds of millions of potential clients in the People's Republic of China (PRC). Using the state-of-the-art point-to-multipoint wireless cable technology as the "last-mile" solution, ASPAC/YeeYoo is currently offering high-speed Internet connections to schools and business customers in Beijing and plans to expand its services throughout the PRC. Except for historical financial information that may be contained herein, the matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including but not limited to such factors as market demand, pricing, and changes in worldwide economic conditions. This release should be read in conjunction with the company's annual report on Form 10-KSB and its quarterly reports on Form 10-QSB. |
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