SOURCE: Telestone Technologies Corporation

January 08, 2007 08:00 ET

Telestone Technologies Wins Bids from Four Regional Telecom Operators

BEIJING -- (MARKET WIRE) -- January 8, 2007 -- Telestone Technologies Corporation (NASDAQ: TSTC) a leading provider of wireless communication coverage solutions primarily in People's Republic of China ("PRC") announced a series of bid awards with four regional telecom operators. These projects are for a period of one year.

--  Telestone wins bid for indoor coverage system equipment for Sichuan
    Telecom subsidiary of China Telecom.
--  Telestone wins bid for indoor coverage system signal source equipment
    for Guizhou Unicom, subsidiary of China Unicom.
--  Telestone wins bid for indoor coverage system equipment for Heibei
    Netcom, subsidiary of China Netcom.
--  Telestone wins bid for indoor coverage system equipment for Jiangxi
    Telecom a subsidiary of China Telecom.
"Our company welcomes these new clients as evidence of our commitment to achieve a higher level of success for our wireless products and solutions in the PRC. The success of the bids will boost our wireless products to a more visible level as we continue to expand into greater markets," said Daqing Han, Telestone Chairman and CEO.

Terms of these projects were not released.

About Telestone Technologies Corporation

Telestone provides wireless communications coverage solutions primarily in the People's Republic of China. These solutions include products such as repeaters, antennas and radio accessories. In addition, the Company provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone Technologies currently has approximately 556 employees. Additional information on the Company can be found at

SAFE HARBOR Information in this news release or on this website may contain statements about future expectations, plans, prospects or performance of Telestone Technologies Corporation ("Telestone") that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project," and similar words and phrases are intended to identify such forward-looking statements. Telestone cautions you that any forward-looking information provided by or on behalf of Telestone is not a guarantee of future performance. None of the information on this website constitutes an offer to sell securities or investment advice of any kind, and visitors should not base their investment decisions on information contained in this website. Telestone's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Telestone's control, in addition to those discussed in Telestone's press releases, public filings, and statements by Telestone's management, including, but not limited to, Telestone's estimate of the sufficiency of its existing capital resources, Telestone's ability to raise additional capital to fund future operations, Telestone's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities and, in identifying contracts which match Telestone's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Telestone does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

Contact Information

  • For additional information please contact:

    Telestone Technologies Corporation

    East West Network Group
    Mark Miller
    Email Contact