BEIJING, June 19 /Xinhua-PRNewswire-FirstCall/ -- 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 it had participated in two international Telecom exhibitions in Russia and the Middle East in May and made business progress in these areas.
SVYAZ-EXPOCOM exhibition held in Moscow is the most famous and important exhibition in Russia. Through attending this exhibition, Telestone improved brand popularity in Russia and the Commonwealth of Independent States. Telestone not only developed a closer relationship with current clients but also explored a bunch of partners, as well as obtained contacts with several large local carriers, which has provided a good foundation for cooperation with local carriers.
During the exhibition, Wang Jianjun, President of Beijing Telestone Communication Technology Corp. Ltd, accepted an interview with IKS, the most famous local communication magazine. IKS released this interview on their website right after the exhibition.
Since 2005, Telestone has started to expand its business into international markets, and has established its first representative office in Vietnam. After that, overseas offices were gradually built in Latin America, South Africa and Russia, and there are plans to establish the European office by the end of 2008.
Mr. Wang commented, "The business from these representative offices account for 10% now, and we believe that the proportion can reach up to 30% in the end of 2008 and 50% in the same time of 2009. I am sure the revenue from the international market will be more than that from the domestic market, and international business will be the most important support to Telestone one day."
Telestone intended to promote the Base Station to the Russian market during this exhibition. Base stations of Telestone are applied to various telecom systems such as GSM, WCDMA, CDMA1X, CDMA-EVDO. In addition, Telestone is also promoting its Passive Products including all types of antennas, power splitters, couplers, filters and so on.
Mr. Wang talked about the promotion plan in the Russian market, "Before entering the market, we had delineated two directions to move forward in. Firstly, through close cooperation with business partners, we gained a large market share in the Russian market, and we also spent lots of effort promoting our wireless coverage solutions; Secondly, we tried to build good and close relationships with main carriers in Russia, providing advanced products and solutions.
For more information please refer to:
http://www.svyazexpo-online.ru/news/2197739s465887.html
MECOM 2008
After the exhibition in Moscow, on 26th May Telestone attended the second Middle East telecom exhibition in Abuzabi (MECOM 2008), which is one of the most influential professional exhibitions in the Middle East. Many international companies as well as two of the biggest mobile carriers, Etisalat and Du, attended this exhibition.
Lots of companies started to know Telestone through this exhibition. WFDS-TM, which is one of the most advanced products and solutions, had particularly attracted local companies’ attention and positive remarks from them. Through this exhibition, Telestone investigated the Middle East Telecom markets, especially in the United Arab Emirates.
Telestone had already built initial cooperation intentions with many local companies, which cleared the road of expanding to the markets of the United Arab Emirates. In addition to the United Arab Emirates, Telestone has built a partnership with Iranian companies and companies from other countries to explore the local telecom markets. In particular, Iranian companies and Telestone had already progressed to the essential bidding to get started on the bidding together phase.
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 .
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.
For further information please contact:
Telestone Technologies Corporation Ltd.
Fang Cui
Tel: +86-10-8367-0088 x1202
Email: cuifang@telestone.com
Nick Lee
Secretary of The Board
Tel: +86-10-8367-0088 x1002
Email: nickl@telestone.com
