BEIJING, June 18 /Xinhua-PRNewswire-FirstCall/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM), the Total Solutions Provider, announced today that its majority owned subsidiary, Subaye.com, Inc., the services provider of corporate video web page developing, hosting and marketing, today executed a strategic partnership with x381.com. Subaye's SME members, through the web site credit guarantee system, can now directly sell their products and services to the 10,000 online shops of the "China Net Shops Community" ( http://www.x381.com ).
"China Net Shops Community " x381.com is an original platform for SMEs to achieve global business-to-business (B2B) deals and business use of individual transactions on the Internet shops into the consumer market.
Subaye and "China Net Shops Community" strategic cooperation agreement has been signed to establish an e-commerce value chain; Value is the core enterprise-net shops - consumer credit guarantee system. Under the agreement: Subaye's member enterprises products will automatically become part of the "China Net Shops Community," where the goods are sold in its 10,000 net shops.
The "China Net Shops Community" can also guarantee the punctual payment of all deals to Subaye's member enterprises, as the interests of these net shop owners, who are registered in "China Net Shops Community", come from the "China Net Shops Community" itself. Also, for online shoppers, as long as people register to be a net shop owner, free of charge, they can start to enjoy the credit system. A quota of 10,000 net shop owners will be allowed to join the network sales force of Subaye.com, which can finally form the highest-effective marketing network for enterprises and consumers.
Telecom chief executive officer Alan Lun, said: "Subaye and China Net Shops Community, x381.com, with the cooperation of the feasibility of the project is to establish an e-commerce value chain from both sides. Sharing will make Subaye and China Net Shops Community break through the difficult online sales market -- credit guarantee system -- so that the interests of all parties are protected, so that on-line shopping in China can soar. This will allow TCOM's Subaye member enterprises to provide e-commerce and to generate the biggest direct beneficiaries, which is beneficial to the secretary for e-business strategies dissemination business development in China, and Subaye's business plan for the smooth implementation of laying a solid foundation. x381.com is expected to provide 10,000 net shops for Subaye's member enterprises to increase product sales to RMB50-80 million per month."
About Telecom Communications, Inc.
Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd., IC Star MMS, Ltd. ( http://www.skyestar.com ), Guangzhou TCOM Computer Technology Limited ( http://www.mystaru.com ) and majority owned subsidiary Subaye.com, Inc. ( http://www.subaye.com ).
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