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Guangzhou Global Telecom Announces Exclusive Distribution Agreement with ROWA

2007-05-23 14:56 1037

GUANGZHOU, China, May 23 /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, today announced that Guangzhou ROWA Telecommunications Technology Company has selected Guangzhou Global Telecom in an exclusive agreement to distribute ROWA's entire series of handsets throughout China.

Guangzhou ROWA Telecommunications Technology Company is a leading manufacturer of handsets and other mobile communication products in China. The Company's entire series of handset products include over 20 models of GSM handsets, which are sold in most large and medium-sized cities in China and have gained a solid reputation for high quality, fashionable appearance and reasonable price.

"Today's announcement speaks to our strength as a leading mobile phone handset distributor," said Ms. Yankuan Li, Chairman and CEO of Guangzhou Global Telecom. "We believe our strong customer relationships and widespread distribution operations can help ROWA to expand handset sales throughout China. We look forward to enhancing ROWA's sales channel as we focus on our current advantages and continue to expand our telecommunications network."

Wu Chunxia, General Manager of Guangzhou ROWA, said "We chose Guangzhou Global Telecom as our 2007 exclusive distributor for ROWA's entire series handset throughout China, particularly because Guangzhou Global Telecom has established itself as a leading national distributor with solid sales partnerships with customers all over China, including Beijing, Tianjin, Zhengzhou, Wuhan, Shenzhen, Zhuhai, Dongguan, and Foshan. We are confident that the cooperation between ROWA and Guangzhou Global Telecom will satisfy the goals of both companies to provide outstanding products and services to our customers."

About Guangzhou Global Telecom

Guangzhou Global Telecom Limited Company is a national mobile phone handset and pre-paid calling card distributor and provider of mobile handset value-added services. The Company distributes mobile handsets for manufacturers and also maintains and operates the largest prepaid mobile phone card sales and distribution center in Guangdong Province, maintaining cooperative prepaid card distribution relationships with China Telecom, China Mobile and China Unicom. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores.

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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