GUANGZHOU, China, Oct. 20 /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, is seeking to engage professional consultancy firms in the fields of investor and public relations, investment and financial advisory services.
Guangzhou Global wants to implement comprehensive investor relations and public relations strategies to broaden the investment audience and to initiate market awareness to communicate the underlying value of Guangzhou's growth potential to the investment community at large. The desired program will be proactive offering broad institutional exposure which will provide growth and stability in Guangzhou's share price.
With projected improving revenues and increased profits, Guangzhou Global continues to expand with its wholesale telecommunications distribution network amid the slowing Chinese economic growth and financial crisis. Guangzhou Global is a small emerging company which will welcome institutional resources to gain the much needed exposure necessary to obtain analyst coverage in order to realize the real value of Guangzhou Global.
"Guangzhou Global is growing and maturing with each passing quarter. We have grown revenue from zero in 2004 to an estimated USD35 million this full fiscal year. The company is built on strong fundamentals with a competent management team and sound financials which can only improve as we embark on corporate expansion in the midst of an exciting and dramatic economic environment. We hope to work with IR professionals to significantly increase efforts to communicate with existing and potential new shareholders, and simultaneously increase the public's knowledge and awareness of Guangzhou's evolving story," said CEO Li Yankuan.
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. 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 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
