GUANGZHOU, China, June 5 /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, announced that BUYINS.NET, http://www.buyins.net , is initiating coverage of Guangzhou Global Telecom, Inc. after releasing the latest short sale data on June 4, 2007. From May 15, 2007 to June 4, 2007, approximately 41.5 million total aggregate shares of GZGT have traded for a total dollar value of nearly $93.3 million. The total aggregate number of shares shorted in this time period is approximately 3.2 million shares. The GZGT SqueezeTrigger price of $2.25 is the volume weighted average short price of all short selling in GZGT. The first of several short squeezes began when shares of GZGT closed above $1.93. Approximately 593,000 shares that have been shorted between $1.77 and $1.93 are now out-of-the-money and starting to cover. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net .
Month Total Vol. Short Vol Avg. Price Short $ Value
May 15, 2007 404,436 31,142 $1.77 $54,965
May 16, 2007 364,350 28,055 $1.79 $50,288
May 17, 2007 373,800 28,783 $1.82 $52,456
May 18, 2007 458,165 35,279 $1.87 $65,795
May 21, 2007 74,500 5,737 $1.87 $10,713
May 22, 2007 107,200 8,254 $1.86 $15,353
May 23, 2007 89,169 6,866 $1.86 $12,771
May 24, 2007 70,834 5,454 $1.87 $10,186
May 25, 2007 1,228,130 94,566 $1.90 $179,552
May 29, 2007 3,882,566 298,958 $2.02 $605,030
May 30, 2007 7,798,562 600,489 $2.25 $1,351,101
May 31, 2007 9,412,615 724,771 $2.52 $1,828,018
June 1, 2007 12,656,181 974,526 $2.33 $2,271,815
June 4, 2007 4,538,698 349,480 $1.93 $674,496
Total: 41,459,206 3,192,359 $2.25 $7,182,540
-- Short volume is approximated using a proprietary algorithm.
-- Average short price is calculated using a volume-weighted average short
price.
-- Short volume is the total short trade volume and does not account for
covers.
About Guangzhou Global Telecom, Inc.
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 http://www.guangzhouglobaltelecom.com .
About BUYINS.NET
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. A third party has paid a net amount of $995 per report for 12 months to purchase data provided in this and 11 subsequent reports. Additionally, approximately $670 per report for 12 months has been paid to a third party to release the reports publicly. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
For more information, please contact:
Steven Bigley
Aero Financial, Inc.
Tel: +1-858-481-8022
Email: sbigley@aero-financial.com
