Guangzhou Global Telecom Signs Distribution Agreement with China Unicom’s Zhengzhou Branch
Guangzhou Global Telecom, Inc. , a wholesale distributor of mobile phone handsets, pre-paid calling cards and mobile handset value-added services in The People’s Republic of China (PRC), announced today that Guangzhou Global Telecom’s Zhengzhou Branch has signed an agreement with China Unicom’s Zhengzhou Branch.
Pursuant to the agreement, the company will become the principal agent to distribute China Unicom business in Zhengzhou. The Company can make transactions including:
— Cell phone card charged through the Internet;
— Charging procedure assistance;
— Selling phones, calling cards and mobile phone cards; and
— Integrated business related to the mobile phone.
The mobile users in Zhengzhou were approximately 4,527,000 at the end of September 2006, which is 63% of the total population of the city. The number of mobile users was 4,851,000 at the end of 2006, which is 1,334,000 more than that of 2005. The coverage of mobile users in major cities of China is 93%, which is higher than that of Zhengzhou. As a result, we believed that we have significant room to develop business in Zhengzhou.
“We are delighted to become the principal agent to distribute China Unicom’s business in Jinshui District of Zhengzhou City,” said Ms. Yankuan Li, Chairman and CEO of Guangzhou Global Telecom. “We are confident that our strong distribution experience and sales network will help China Unicom to expand its client base in the Zhengzhou region, as well as improve the mobile telecom service quality and standards. Within 1 month of setting up our branch in Zhengzhou, we were able to sign-off on a contract with China Unicom’s Zhengzhou Branch, which shows our quick expansion and integration capability.
