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Smooth Global (China) Holdings, Inc. Acquires Beijing Company Focused on International Call Forwarding Business Eyeing 34-Million Chinese Outbound Travelers Market

BEIJING, China, Nov. 13 /Xinhua-PRNewswire/ -- Smooth Global (China) Holdings, Inc. (OTC Bulletin Board: SMGH) ("SMGH") today announced that it has completed the acquisition of Smooth Global Services Limited, which through its subsidiary holds 100% of Beijing GRT Information Services Limited ("Beijing GRT"). Beijing GRT is engaged in the business of providing telecommunications services in the People's Republic of China. It focuses on providing Chinese outbound travelers with international call forwarding services ("ICFS").

The ICFS will replace the function of the international roaming services provided by most mobile carriers. To utilize Beijing GRT ICFS, a subscriber will obtain the use of a phone number in the country he or she is visiting. He will then use the call forwarding service provided by his mobile carrier to forward his inbound calls to a Beijing GRT phone number. Beijing GRT will then route calls to the subscriber’s phone number in the destination country.

The target market for ICFS will be Chinese residents who travel abroad for business reasons or leisure. Between 1999 and 2005, this market grew by 22% annually, increasing from 9 million travelers in 1999 to over 34 million travelers in 2006. Since China has the largest mobile phone subscriber base in the world - 463 million subscribers at the end of 2006 - most of those travelers will be potential subscribers to ICFS. According to the company's data, each ICFS subscriber will spend about RMB 120 each time they travel abroad. Currently, the company is not aware of any service provider offering this service in China - therefore, the company’s initially competition will come from the roaming services provided by the mobile carriers.

Beijing GRT now operates two branch offices in Shanghai and Harbin and has engaged two medium-sized travel agents for the selling of its products in Shanghai. The company now only provides ICFS to 2 countries, namely Hong Kong and Thailand. Other countries of destination for the travelers are under discussion with other carriers. The company plans to open 18 more sales offices with priority in Beijing, Guangzhou and Shenzhen which have much more outbound travelers.

Beijing GRT has been enjoying a tremendous growth rate on its revenue and net income. It recorded $112,521 and $119,255 as its revenue and loss of $60,951 and $50,465 for the year 2006 and 2005 respectively. The company started its operation of ICFS from February 2007, and recorded revenues of $458,653 and a net income of $212,144 - a growth of 253% on revenue and 448% on net income. All the above financial figures can be found on the company's latest 8-K filings.

Ms. Zheng Shuying, President of SMGH, commented, "Since its introduction to the market, the International Call Forwarding Service is getting popular. It has helped travelers to save a lot of money when they receive calls from overseas or make calls back home. We have started our service in the city of Shanghai and we will target 3 other big citizens China that has more outbound travelers. These cities are Guangzhou, Shenzhen and Beijing."

About Smooth Global (China) Holdings, Inc.

Smooth Global (China) Holdings, Inc. was organized under the name Bralone Mining Company (the "Company") for the purpose of acquiring and exploring mineral properties. In February 1999, the Company acquired a mineral claim for $1.00 from a related party known as "Golden", consisting of one 18 units metric claim situated within the Bridge River gold camp near the town of Gold Bridge, British Columbia and has an expiration date of December 15, 2006. In March 2003, the Company started an exploration program on 9 of the 18 units within the claim. The other 9 units lapsed on March 18, 2003 and the Company has no further interest in them. The remaining 9 are in good standing until December 15, 2006. On November 2, 2006, The Company acquired all of the outstanding capital stock of Gold Profit (Asia) Group Limited ("Gold Profit"), which owns 100% of the registered capital of Beijing Quan Tong Chang Information Service Limited ("Beijing QTC"). Beijing QTC is a telecommunications service provider to deliver economical voice and data services domestically and internationally throughout China. It is engaged in the business of distributing telephone services through public pay phones and is also in the business of developing Internet phone solutions for commercial customers, focusing on a convenient local, domestic and international long distance call services with competitive price. On July 31, 2007, it changed it name to Smooth Global (China) Holdings, Inc. The Company will focus international call forwarding to its lines of business in the year 2007.

Forward-looking statements

This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

Source: Smooth Global (China) Holding, Inc.
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