A&J Venture Capital Group, Inc.
OTC Bulletin Board : AJVE

February 05, 2010 08:23 ET

A&J Venture Capital Group Enters Final Negotiations With Guangzhou Global Telecom, Inc.

DAYTONA, FLORIDA--(Marketwire - Feb. 5, 2010) - A&J Venture Capital Group, Inc. (OTCBB:AJVE) is pleased to announce today that the Company is in final negotiations for 51% of Guangzhou Global Telecom Inc. (OTCBB:GZGT), a mobile phone handset, pre-paid calling card distributor and provider of value-added mobile services in China. The terms of the Proposed Restructuring would include a $800,000 equity investment in Guangzhou Global Telecom. 

A&J Venture Capital Group, Inc. also negotiates with investors to finance the transaction and avoid dilution of its shares.

Mr Andreas Klimm, CEO & President of A&J Venture Capital Group stated, "we are extremely excited about this opportunity and look forward to a long and profitable relationship with Guangzhou Global Telecom. Our primary focus would be expansion of the companies products and services to bring in the necessary growth in revenues and net profits. We are in the final stages of our due diligence and expect to have a signed LOI very soon".

About Guangzhou Global Telecom

Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre-paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores. 

About A&J Venture Capital Group

The business of A&J Venture Capital Group, Inc. is focusing on 3 directions.

The first direction is the total or partial takeover of Chinese SME's with the scope of restructuring and improving their performance through the thorough application of modern management techniques. This is achieved through A&J Venture Capital Groups' own staff or through the development of the subsidiaries existent staff. A dynamically tailored package of activities will lead the subsidiaries to a development stage where they are viable to spin off candidates for public listing. Second direction is the service provider for established, fast growing and leading Chinese Companies. A&J Venture Capital Group, Inc. is providing all services for going public and assist with locating financing. Third direction is providing service for foreign Companies in entering Chinese market and expanding their business. 

Forward-Looking Statements

The statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, market competition, and risks inherent in our operations. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

Contact Information

  • A&J Venture Capital Group, Inc.
    Andreas Klimm
    Office: +49 6221 7195661 or Mobile: +49 176 62953148
    Email: info@ajvcap.com
    Website: www.ajvcap.com