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Telestone Announces First Sales Agreements Signed in Brazil and Mexico


BEIJING, Dec. 12 /Xinhua-PRNewswire/ -- Telestone Technologies Corporation Ltd. ("Telestone" or the "Company") (Nasdaq: TSTC), a leading developer and provider of wireless communication coverage solutions based in the People's Republic of China, today announced that the Company has made substantial progress in the overseas expansion of its business by signing its first sales agreements in both Brazil and Mexico (the "Agreements").

The Agreements mark the first steps taken by the Company to expand into Latin America, and come as a result of efforts made by Telestone's recently formed overseas subsidiary to expand sales into new markets outside of China and Asia.

Telestone is now in the process of applying for license approval to sell a broader range of products in Brazil. Products sold as part of the Agreements do not need local certification in either country.

The Company also plans to establish an office in Brazil during 2008 and has signed partnership agreements with two respected Brazilian companies.

Mr. Han Daqing, Chairman and CEO of Telestone, commented: "As a result of the hard work of our recently established overseas subsidiary, and the competitiveness of our products, I am very pleased to announce that Telestone has successfully entered two new and exciting markets. Our sales agreements in Mexico and Brazil are further evidence that we are able to expand sales into new markets outside of Asia. I am excited by these developments and look forward to being able to report future progress in the Latin America region."

About Telestone Technologies Corporation

Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone currently has approximately 800 employees. For more information please visit http://www.telestone.com .

For further information, please contact:

Telestone Technologies Corporation Ltd.

Phoebe Cui

Tel: +86-10-8367-0088 x1203

Email: cuifang@telestone.com

FD Beijing

Julian Wilson

Tel: +86-10-8591-1951

Email: Julian.Wilson@fd.com

FD New York

Peter Schmidt

Tel: +1-212-850-5654

Email: peter.schmidt@fd.com

Safe Harbor Statement

Statements about the Company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.

Source: Telestone Technologies Corporation Ltd.
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