BEIJING, Jan. 8 /Xinhua-PRNewswire-FirstCall/ -- The Bralorne Mining Company (OTC Bulletin Board: BLNM) ("BLNM"), today announced that its wholly controlling subsidiary -- Beijing Quan Tong Chang Information Service Limited ("Beijing QTC"), a leader in providing next generation voice and data telecommunication services in China, has signed a wireless range extender development contract with Xinjiang Golden China Telecom Services Ltd ("Golden China") to establish a new facility in Xinjiang to develop Wireless Range Extender solutions for nationwide customers. The contract is expected to raise a revenue of US $1.7 million.
In particular, this new R&D center will work on Golden China's
self-developed new generation ECS150 Wireless Range Extender products, basing on enhancing overall network or wireless mobile signal quality technologies. To improve the current conditions of weak signals in remote regions, coal mine areas, oil fields and grasslands over China, the ECS150 Wireless Range Extender is especially designed to focus on resolving these problems by increasing the distance over which signals (signals from China Mobile and China Unicom) can spread, overcoming obstacles and enhancing overall telecommunication network signal quality to ensure people in these areas could communicate though wireless mobile phones by picking up stronger signals.
Under this contract, Beijing QTC will enter into cooperating relationship with Golden China to establish this new facility to begin the R&D of this ECS150 wireless range extender solutions in Xinjiang, Urumchi Economic and Technological Development Zone. Beijing QTC follows its vision to "improve people's life quality by providing telecommunication network solutions" by aligning with its well-experienced sales team in the telecom industry to exploit its market sales in the whole country in the near future.
Beijing QTC will target a sales revenue of US $1.7 million according to the contract.
"Beijing QTC has been involved in wireless technologies development and this new R&D base will broaden our portfolio with the addition of new domains such as this ECS150 wireless range extender," said Mr. Zhang Feng Ming, President of BLNM, "We provide our staff with opportunities to work on the developments of this technology, and the new R&D facility will be engaged in the development of wireless network's base router products in wireless domain."
What is Wireless Range Extender?
A wireless range extender increases the distance over which telecommunication signals can spread by overcoming obstacles and enhancing overall network signal quality. Several different forms of wireless range extenders are available. These products are sometimes called "range expanders" or "signal boosters." A wireless range extender works as a relay or network repeater, picking up and reflecting wireless signals from a network's base router or access point.
About Xinjiang Golden China Telecom Services Ltd.
Xinjiang Golden China Telecom Services Ltd ("Golden China") is a leading telecommunication service provider in the Xinjiang Municipality area. Incorporated in 2001, Golden China focuses on its business such as market sales for electronics and telecommunication products, computer software development, digital products and imports & exports. By establishing strong business relationships with international companies in the US, Japan, East and South Asia, Golden China has been awarded as one of the highly successful enterprises during the period of the tenth 5-year plan and eleventh 5-year plan in China. Currently, it conducts the R&D on its core next generation product of ECS150 wireless range extender to expect the widely used within the telecommunication industry.
About Bralorne Mining Company
Bralorne Mining Company was organized for the purpose of acquiring and exploring mineral properties. In February 1999, the Company acquired a mineral claim for $1.00 from a related party, known as "Golden", consisting of one 18 units metric claim situated within the Bridge River gold camp near the town of Gold Bridge, British Columbia and has an expiration date of December 15, 2006. In March 2003, the Company started an exploration program on 9 of the 18 units within the claim. The other 9 units lapsed on March 18, 2003 and the Company has no further interest in them. The remaining 9 are in good standing until December 15, 2006. On November 2, 2006, the Company acquired all of the outstanding capital stock of Gold Profit (Asia) Group Limited ("Gold Profit"), which owns 100% of the registered capital of Beijing Quan Tong Chang Information Service Limited ("Beijing QTC"). Beijing QTC is a telecommunications service provider to deliver economical voice and data services domestically and internationally throughout China. It engages in the business of distributing telephone services through public pay phones and is also in the business of developing Internet phone solutions for commercial customers, focusing on a convenient local, domestic and international long distance call service with competitive price. Beijing QTC will add international call forwarding to its lines of business in the year 2007.
Forward-looking statements
This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.
The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.
