omniture

MyStarU.com Sells 3rd Master Franchise License

2007-04-25 10:47 1135


BEIJING, April 25 /Xinhua-PRNewswire/ -- Telecom Communications,

Inc. (OTC Bulletin Board: TCOM.OB - News), the Total Solutions Provider,

announced today that its subsidiary, MyStarU.com online education net, has

sold the exclusive license to a master franchisee -- Hunan Culture Artist

Training Center ("HCAT") in Hunan province China.

HCAT pays MyStarU.com a license fee of $200,000 in one time offer, and has

rights to sell licenses to unlimited franchisees inside of Hunan province.

HCAT plans total sales of 30 franchisees in 2007. A total of about 30,000

vocational students use their online education programs. Based on forecasts,

MyStarU.com will generate revenue of $800,000 in license fees plus $150,000 in

monthly royalty fees.

About MyStarU.com

MyStarU.com -- The online vocational education business wholly owned by

Telecom Communications, Inc. (TCOM). MyStarU (http://www.mystaru.com) is a

website dedicated to performing arts education.

MyStarU.com, which charges users a monthly fee of US$20 for each end-user,

is in co-operation with SOHU.com (http://yule.sohu.com/s2006/bogeboqjhhx/) for

promotion and marketing services. MyStarU.com is also working with a main

talent management firm and production companies in Hong Kong, China, to adapt

their platforms specifically to suit the unique needs of the artists' talent

market.

Recently, MyStarU.com has successfully launched a franchise program and

sold a master franchise license in Tianjin China. The first master franchisee

plans total sales of 20 franchisees in 2007. About 20,000 vocational students

use their online education programs. Based on forecasts, MyStarU.com will

generate revenue of $600,000 in licensing fees plus $100,000 in monthly

royalty fees.

TCOM's online vocational education business forecasts revenue of $12

million generated from sales of 10 master franchise licenses by MyStarU.com.

Safe Harbor

The statements made in this release constitute "forward-looking"

statements, usually containing the words "believe," "estimate," "project,"

"expect," or similar expressions. These statements are made pursuant to the

safe harbor provisions of the Private Securities Litigation Reform Act of

1995. Forward-looking statements inherently involve risks and uncertainties

that could cause actual results to differ materially from the forward-looking

statements. Factors that would cause or contribute to such differences

include, but are not limited to, changing economic conditions, interest rates

trends, continued acceptance of the Company's products in the marketplace,

competitive factors and other risks detailed in the Company's periodic report

Filings with the Securities and Exchange Commission. By making these forward-

looking statements, the Company undertakes no obligation to update these

statements for revisions or changes after the date of this release.

Source: Telecom Communications, Inc.
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