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Guangzhou Global Telecom Commits to Helping Sichuan Earthquake Relief Efforts

2008-05-28 23:15 1058

GUANGZHOU, China, May 28 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, has lent support to the victims of the Sichuan earthquake by organizing an internal fund-raising exercise to raise cash donations for the victims to help them rebuild their homes. The Company also contributed food and sundry supplies to the disaster-hit area.

The 8-magnitude earthquake on May 12 struck Sichuan Province in Southwest China and has killed more than 65,000 people and left more than 5 million homeless. Relief aid which rescued almost 83,000 people from the rubble of collapsed buildings, now concentrates on housing, food and preventing the spread of the disease. The earthquake which devastated buildings, homes, highways and roads is estimated to cost the government more than 60 billion yuan in rebuilding the disaster areas.

Ms. Li Yankuan, the CEO of the Company, who started the initiative by calling out to the various branches (Beijing, Wuhan, Zhengzhou, Macau, Singapore) and partners of the Company, said that she will match all employee contributions to help relief efforts. She added, “We hope that our contributions will go a long way in helping the victims rebuild their homes and to help ease their emotional and physical scars.”

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 details, please visit our website at http://www.guangzhouglobaltelecom.com

Safe Harbor Statement

Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People’s Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

Source: Guangzhou Global Telecom, Inc
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