BEIJING, Sept. 26 /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 its winning bids results from Vietnamese and Indonesian Operators.
By the hard working of its Vietnam office, Telestone's passive products had won two indoor coverage programs from the Vietnam Posts and Telecommunications Group (VNPT) and its subsidiary Vietnam Telecom Services Company (VinaPhone). VNPT is the biggest posts and telecommunication group in Vietnam. And VinaPhone with the brand of mobile network VinaPhone is one of the highest reputation mobile telecommunication companies in the market.
In the Indonesia market, Telestone's passive products had won one of the important programs from the fourth biggest Indonesian operator. In addition to this, a short time after the establishment of Indonesian office in the beginning of 2008, the office had got a bid award of micropower repeater program from the third biggest Indonesian operator.
Han Daqing, Chairman and CEO of Telestone, stated: "These winning bids enhance the collaboration between Telestone and International operators. We believe our international business will present better performance in the future."
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 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
