BEIJING, Nov. 22 /Xinhua-PRNewswire/ -- The Bralorne Mining Company
(OTC Bulletin Board: BLNM) ("BLNM") today announced its wholly holding
subsidiary company -- Beijing Quan Tong Chang Information Services Limited
("Beijing QTC") has launched "Intragroup Call," a broadband phone service, to
Beijing Tianzhu Airport Industrial Zone ("Tianzhu Zone") which offers more
than 300 companies and business partners in the zone the flexible and highly
qualified broadband phone service, targeting for US $1.5 million profit
yearly.
Since its incorporation in 1984, Tianzhu Zone has attracted over 300 large
and medium foreign enterprises from over 18 countries including some famous
known brands such as Ericsson, SONY, JVC, AIRBUS, Panasonic and Citizen,
especially more than 20 factories and R&D companies which are listed in the
world's top 500 companies, to establish their businesses based on its
predominant investing environment, excellent office settings and well-served
daily assistance.
To be more specific, Tianzhu Zone will partner with Beijing QTC to start
this so called "Intragroup Call" promotion, aiming to deploy the broadband
phone platform by using the Internet instead of regular phone networks to
transmit phone calls. It will start its first installation in Blue Sky
Mansion, the management office building in Tianzhu Zone. It then will apply to
the large and medium enterprises in the area.
Additionally, Beijing QTC is expecting to construct the broadband phone
networks into the zone with the largest covering area in an 8-month time and
the chance to increase annual sales by about US $1.5 million.
Mr. Zhang Feng Ming, the President of BLNM, commented that, "We selected
Tianzhu Zone as our strategic partner because of its outstanding management
skills to centralize these smart companies into such a modern area, and our
intense focus on internet phone service development."
Beijing QTC began its Internet phone service development plan in 2005.
With the purpose of becoming a specialized telecommunications service provider
to deliver economical voice and data services in and out of China, "we are
confident to deploy the secure and reliable Internet phone networks with our
commitment to Tianzhu Zone's over 300 smart members. Our selling point is that
broadband phone is savings in long-term calls," said Mr. Zhang Feng Ming, the
President of BLNM. "Tianzhu Zone's influential position in this market and
professional management experience will help us to improve our competitive
position in the market place. We look forward to a closer long-term
partnership with Tianzhu Zone."
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 Services 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 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.
