GUANGZHOU, China, Sept. 8 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT), a mobile phone handset, pre-paid calling card distributor and provider of value-added mobile services in the PRC, has released a sales report on its retail turnover during the 2008 Olympic Games. The report showed that sales at its Beijing outlet increased by nearly 50% in the two months of July and August.
Sales of mobile equipment and services, including mobile devices, pre-paid cards, game cards and most significantly, mobile web content, rose almost 70%. The Olympic Games presented an opportunity for mobile service and content providers to introduce mobile web surfing to consumers who are interested in keeping tabs on their favorite athletes during the Games. Consumers are also educated to increase awareness about how the mobile web can be used and campaigning by mobile service providers in making this mode of communications, information access and entertainment appealing to them. In addition, the sales report includes revenue forecasts for the month of September and for the 3 months ending 30 September 2008. Projected sales for September are poised to increase by an incredible figure of around 60% as compared to the same time last year. A rise in the region of the same amount is also expected for 3rd Quarter sales from a year earlier.
Li Yankuan, CEO of Guangzhou Global Telecom said that the internet and mobile devices have grown in importance and popularity for their ability to expand the reach and capabilities of users. She added that these technologies make the viewing of the Games possible from more than just a television set. Not only is this beneficial to mobile users, retail marketers like us will be better positioned to target mobile consumers in marketing and also providing a channel for advertisers to connect with consumers.
About Guangzhou Global Telecom
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, and 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 our website at http://www.guangzhouglobaltelecom.com .
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.
For more information, please contact:
Glenn Yang
Tel: +86-139-2224-7039 or +65-9847-4716
Email: glennyang@guangzhouglobaltelecom.com
