SOURCE: Top of Asia

March 10, 2008 08:53 ET

Top of Asia, LLC Completes Strategic Investment in Chinese Communications Leader United Wireless

Companies Partner to Deploy Broadband Wireless Access Services in Burgeoning Markets in China

DENVER, CO and SHENZHEN, CHINA--(Marketwire - March 10, 2008) - Top of Asia, a US-based investment company focused on communications and related technology opportunities in China, today announced that it has completed a strategic investment in United Wireless Ltd. United Wireless, with offices in Shenzhen and Hangzhou, PRC, provides wireless and wired systems and integration services in China.

The investment represents Top of Asia's first milestone towards capitalizing on the emergence of next-generation wireless communications services within China. The investment allows Top of Asia to leverage United Wireless' extensive familiarity with the Chinese market and deep communications industry expertise to establish a China-based technology investment portfolio.

"The time to enter China's wireless market could not be better," said Ed Odenwalder, President and CEO of Top of Asia. "China represents an unprecedented growth opportunity, unrivaled to any other broadband wireless adoption in the world. China's wireless technologies such as McWLL (Multicarrier Wireless Internet Local Loop), the liberalization of foreign direct investment regulations, and an imminent communications industry restructuring create an environment ripe for the next wave of explosive growth. Our relationship with United Wireless provides the local expertise to move aggressively in the deployment of wireless broadband services."

To put the opportunity in perspective, various research reports estimate the number of broadband households in China will reach between 130-139 million by 2010, not close to saturation for a country with a population of more than 1.3 billion.

Mr. Ping Cheng, Chairman of United Wireless, states, "The strategic investment from Top of Asia will enable United Wireless to move forward on several opportunities we have already identified. We've been working with Top of Asia's initial investors for three years and they have shown the patience and knowledge it takes to be successful in China."

About Top of Asia

Top of Asia, LLC,, is a US-based investment company headquartered in Denver, Colorado. Top of Asia focuses on communications and related technology opportunities in China. Through its Chinese joint venture partner, United Wireless, Top of Asia lends experience, expertise and resources to develop opportunities and create superior returns for its investors.

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