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GUANGZHOU GLOBAL TELECOM OPENS BEIJING BRANCH.

Guangzhou Global Telecom Inc. (BULLETIN BOARD: GZGT) , a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, has successfully set up a retail branch in Beijing, the capital of China. The Beijing branch will be offering wireless products and providing value-added technology services. A local company, Beijing Lihe Jiahua Technology and Trading Company ("Lihe"), is willing to engage in a joint venture with Guangzhou Global Telecom, and the company plans to acquire 60% of Lihe at the cost of RMB1.5 million. Lihe is the agent of several companies which are operating internet games. Lihe is also the agent of China Unicom and intends to cooperate with Net Telecom and China Mobile. Lihe's un-audited revenue in 2006 is around 50 million RMB with 4 million RMB of gross profit.

Beijing, as host city of the Olympic Games in 2008, is the political center of China. It has advantages in both economics and travel, with a population of 17 million, 5.1 million of which is floating. According to statistics, the coverage of mobile users in Beijing was over 100% last year.

Ms. Li Yankuan, the CEO of the company stated, "The setup of the Beijing branch is a crucial step in the integration of our business throughout China. As the capital of China, Beijing is the most developed city in Northern China. Accordingly, we have targeted the city as the most significant place for us to expand our business."

About Guangzhou Global Telecom

Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre- paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores.

For information, visit http://www.guangzhouglobaltelecom.com or call 858-481-8022
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Publication:Worldwide Telecom
Date:Nov 1, 2007
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