China Approves Golden Fortune as a Wireless Internet Service Provider.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 1, 1999-- Golden Fortune Investments Limited (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :GFX GFX Graphic Effect(s) GFX Global Effects GFX Government Furnished Equipment GFX Graphics Driver GFX Graphics Link File GFX Geforce Fx GFX Graphic Effects ) has received approval for their Wireless Internet Solution to be introduced into the existing China Data Communications Network. This approval positions Golden Fortune and their Chinese partner to become the leading Wireless Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (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 the People's Republic of China (PRC). The approval allows for introduction of Golden Fortune's "wireless bridge/router" system, based on the WaveRider NCL-135, as a nationally approved hardware system which will enable linkage of ISP's throughout the country. The Chinese Central Government's China Science Committee (CSC) presented this approval to NORCEL, Golden Fortune's partner in China. Golden Fortune's President, James Tong commented, "This approval goes a long way to meet our corporate objectives relating to our Project in China. Based on a known conservative equipment & installation value, the initial order would be in excess of US $20 million once testing is completed in China." "The product has successfully completed testing in North America and received Federal Communication Commission (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) approval. We are confident that similar approval will result in China," he added. Golden Fortune's revenue stream will commence immediately upon completion of system testing. GFIL expects system testing to be completed during the third quarter of 1999. Golden Fortune Investments Limited (ASE:GFX) is a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with interests in technology licensing agreements, and other investment holdings including mining. The company's primary objective is to capitalize on Internet business opportunities that exist within China. Golden Fortune's Head Office is located in Vancouver, British Columbia, Canada. For further information regarding Golden Fortune Investments Limited and its ongoing corporate direction, please call toll free, 877/688-2623, E-mail: info3@gfil.com or visit our web site: www.gfil.com. The Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved of this News Release. |
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