BEIJING, Jan. 18 /Xinhua-PRNewswire-FirstCall/ - The Bralorne Mining Company (OTC Bulletin Board: BLNM) ("BLNM") today announced that its wholly controlled subsidiary company, Beijing Quan Tong Chang Information Service Limited ("Beijing QTC"), a leader in providing next generation voice and data telecommunication service in China, has successfully introduced its core network equipment ECS150 wireless range extender into the Ministry of Information Industry of China and has been selected as one of the developing projects with governmental support funds of US$0.2 million from the Ministry of Information Industry commencing in 2007.
BLNM's network equipment ESC150 Wireless Range Extender was developed to improve the current conditions of weakly mobile network signals receiving in remote regions, coal mining areas, oil fields and grasslands in China. It is a key part of Beijing QTC's cooperative projects with Xinjiang Golden China Telecom Service Ltd. ("Golden China") to deliver high quality service of the enhanced overall telecommunication network signals through Beijing QTC's shared network infrastructure. A new R&D center will be built in Xinjiang, Urumchi Economic and Technological Development Zone to work on this ESC150 Wireless Range Extender technology by ensuring people in the remote areas can talk through their wireless mobile phones by picking up strong signals.
The Ministry of Information Industry of China launched its new second electricity information developing project plan in the end of 2006. The project plan has selected Beijing QTC's ESC150 Wireless Range Extender as the top project to put forward with a governmental support fund of US$0.2 million, which will commence in the year of 2007. This is the first product of wireless mobile network architecture of Beijing QTC that was successfully introduced to the government and gains vigorous support from Beijing. This new wireless technology onto next generation IP based service will provide an advanced, high-capacity network with greater flexibility.
"We are very happy we introduced ESC150 Wireless Range Extender to our government successfully. With the future proof Beijing QTC core network products are well on track. We have shown our ability to supply this IP based service and deliver in time a network with outstanding performance that will benefit end customers in remote areas. We are very pleased to see that this profitable market product is now ready for the future, mainly based on the efficient IP protocol," said Mr. Zhang Feng Ming, President of BLNM.
What is Wireless Range Extender?
A wireless range extender increases the distance over which telecommunication signal can spread by overcoming obstacles and enhancing overall network signal quality. Several different forms of wireless range extenders are available. These products are sometimes called "range expanders" or "signal boosters." A wireless range extender works as a relay or network repeater, picking up and reflecting wireless signals from a network's base router or access point.
About Xinjiang Golden China Telecom Services Ltd.
Xinjiang Golden China Telecom Services Ltd. ("Golden China") is a leading telecommunication service provider in Xinjiang Municipality area. Incorporated in 2001, Golden China focuses on its business such as market sales for electronics and telecommunication products, computer software development, digital products and imports & exports. By establishing a nice business relationship with international companies in the US, Japan, East and South Asia, Golden China has been awarded as one of the highly successful enterprises during the period of the tenth 5-year plan and eleventh 5-year plan in China. Currently, it conducts the R&D on its core next generation product of ECS150 wireless range extender to expect the widely used within the telecommunication industry.
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 units metric claim situated within the Bridge River gold camp near the town of Gold Bridge, British Columbia and has 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 are 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 service with competitive price. 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.
