VoIP Market Users Expected to Reach 28 Million and Generate a Total Income of RMB500 Million (or US$63 Million) in China
BEIJING, Jan. 25 /Xinhua-PRNewswire/ -- The Bralorne Mining Company (OTC Bulletin Board: BLNM) ("BLNM"), a leader in providing next generation voice and data telecommunication services in China, today announced that, Beijing QTC will continuously develop the potential VoIP market in China.
Mr. Zhang Feng Ming, President of BLNM, said that, "PC to PC VoIP phones users in mainland China reached nearly 19 million in 2004. With VoIP platforms being extremely flexible, this system combines the benefits of IP networking with the rich features and high availability of circuit-switched systems. The whole market volume will be continuously enlarged and users are expected to reach 28 million in China by 2008, according to forecasts of iResearch, a professional market research company."
"The total income generated by VoIP business is RMB190 million (or US$24 million) in the first half year of 2005, which increased by 17.4% comparative with the same period of 2004," commented Mr. Zhang. "Through the integrated VoIP gateway for stations and networking, VoIP system allows integration of offices and companies using in-place IP networks and enables users to reduce costs significantly. Hence, new generation of VoIP business came to a prosperous period in 2006."
"The total output of the VoIP instrument investment was RMB679 million (or US$85 million) in the second quarter of 2006, increased by 19.96% comparing to the first quarter of 2006 in China, while the ratio of IP-PBX was 26.9% and IP phones was 33.9%."
About Bralorne Mining Company
Bralorne Mining Company was organized for the purpose of acquiring and exploring mineral properties. During February 1999, the Company acquired a mineral claim for $1.00 from a related party, known as "Golden" consisting of one 18 unit metric claim situated within the Bridge River gold camp near the town of Gold Bridge, British Columbia and had an expiration date of December 15, 2006. During March 2003, the Company started an exploration program on 9 of the 18 units within the claim. The other 9 units lapsed on March 18, 2003 and the Company has no further interest in them. The remaining 9 were in good standing until December 15, 2006.
On November 2, 2006, the Company acquired all of the outstanding capital stock of Gold Profit (Asia) Group Limited ("Gold Profit"), which owns 100% of the registered capital of Beijing Quan Tong Chang Information Service Limited ("Beijing QTC"). Beijing QTC is a telecommunications service provider to deliver economical voice and data services domestically and internationally throughout China. It engaged in the business of distributing telephone services through public pay phones and is also in the business of developing Internet phone solutions for commercial customers, focusing on a convenient local, domestic and international long distance call services with competitive prices. Beijing QTC will add international call forwarding to its lines of business in the year 2007.
Forward-looking statements
This report contains "forward-looking" statements 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. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.
The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
