-- Adds state-owned China Telecom as customer
-- Secures maintenance contract for 183 stations in Shanxi province
-- Provides monthly recurring revenue stream for Sinotel
BEIJING, Feb. 10 /PRNewswire-Asia/ -- Sinotel Technologies Ltd. ("Sinotel" or the "Company," D3W.SI and SNOXY.PK), an innovator in the provision of wireless telecommunications infrastructure and solutions in China, announced that the Company has received a maintenance contract from state-owned China Telecom.
The contract officially marks the addition of China Telecom as one of the Company's customers. Its existing customers include China Mobile and China Unicom. Mr. Jia Yue Ting, Executive Chairman of Sinotel, commented: "The addition of China Telecom to our customer base signifies the growing confidence Chinese telecommunications companies have in Sinotel. Receiving this contract marks a significant breakthrough for Sinotel, securing our first maintenance project that will provide a steady stream of revenue to complement our wireless networks business."
The contract will require Sinotel to provide maintenance services to 183 stations, consisting of repeaters and indoor wireless coverage systems in Shanxi province.
About Sinotel Technologies Limited
Sinotel began operating in 2002 as a handset distributor and has evolved into a wireless telecommunications innovator that provides a wide range of customized applications and solutions across the telecommunication value chain. Beginning in Shanxi Province six years ago, the Company's business now spans across eight other major provinces. Sinotel customers include well-known major telecommunications companies such as China Unicom and China Mobile.
The Company's key Network Infrastructure Solution is its proprietary multi-carrier wireless system, which enhances customers' wireless telecommunication networks and is compatible with various communication networks such as GSM, CDMA, PHS and WLAN as well as 3G networks such as WCDMA and CDMA2000.
For more information about Sinotel Technologies Ltd., please their website at http://www.sinotel.com.sg . Information on the Company's website or any other website does not constitute a part of this press release.
Forward-looking statements:
Statements contained herein that relate to the Company's future performance, including statements with respect to forecasted revenues, margins, cash generation and capital expenditures are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance or achievements to differ materially from those anticipated. Such statements are based on current expectations only, and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Among the factors that could cause actual results to materially differ include: general business and economic conditions, particularly the current downturn in the worldwide economy; our ability to obtain adequate supplies of raw materials; our ability to manage our expansion strategy; changes in foreign currency exchange rates; government regulation; difficulties in new product development; changing consumer tastes and our ability to address those changes; our ability to attract and retain highly qualified personnel. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Company:
Sinotel Technologies Ltd.
Ben Ng, VP Corporate Communications and IR
Phone: +65-9168-9988
Email: ben@sinotel.com.sg
Investor Relations:
HC International, Inc.
Scott Powell, VP Investor Relations
Phone: +1-917-721-9480
Email: scott.powell@hcinternational.net
