Affordable Telecommunications Tech Announces Expansion Into China and Hong Kong.HOUSTON -- Affordable Telecommunications Technology Corp. (Pink Sheets:ATCT ATCT Airport Traffic Control Tower (FAA) ATCT Air Traffic Control Tower ATCT Air Traffic Control Transponder ATCT Analog Toll Connecting Trunk ) (www.atct.us) together with Prestige Procurement and Networking Services (Prestige) are proceeding with the China and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. expansion. Mr. Yau, 7123000.com's manager in Hong Kong, said today that all documents for the formation and licensing of the China operation are now complete. After the expansion of ATCT's subsidiary in Bangkok, Thailand managed by Prestige has been running for a few months, Steve Bethke, the 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. of ATCT, believes it is the right time to place themselves in China and Hong Kong. "In Bangkok we have finalized our licensing direction and appointed Knightsbridge Law as our local council and auditor; our next step has always been China, and the infrastructure we have in place will support that growth." ATCT expects China to become its biggest market by the year 2006. The Internet users Internet user n → internauta m/f Internet user Internet n → internaute m/f growth is predicted to double within five-year time which will allow ATCT to expand its web based Coming from a Web server. See Web application. service, 7123000.com (www.7123000.com), throughout China. ATCT expertise and origin of prepaid fixed line services will also be introduced to China and Hong Kong market. The provided ideal way of getting the access to the fixed line telephone service is prepaid as being done in America. While it usually takes four to six weeks when the normal procedure is employed, ATCT way will reduce the customers' affords of going through paperwork and so forth. At the same time the promotion of the web based revenue hub, www.7123000.com, is being channeled by its Marketing Partner, Prestige. Prestige will be officially introducing 7123000.com services in a themed party, "Noodels." The event will be held at Club Astra, Royal City Avenue on September 10, 2005 where 7123000.com will be co-organizing the party with Bangkok Spin (www.bangkokspin.com), the major entertainment portal of the Bangkok community. Users can also find the link to 7123000.com services through the Bangkok Spin's site. To give exposure to the new users, all 400 registered guests will receive $10 worth of prepaid Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) calling account for trial at the event. "The same marketing path will be taking ATCT to China, the world's #1 market," said Sutida Suwunnavid, the president of Prestige. She also adds "all the marketing strategies we use to promote will give a huge trigger on the Asian users as we are very clear with whom we are communicating. The Asian market so far has responded very well to prepaid cell phone service; however, the use of Internet still makes it impossible to abandon the fixed line telephone. Especially when cell phone usage is being charged per minute and fixed line is charged per time there is big room for ATCT to fit in." Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements contained in this release, which are not historical facts, may be considered "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. |
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