BEIJING, Jan. 14 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation Ltd. ("Telestone" or "the company") (Nasdaq: TSTC), a leading developer and provider of wireless communication coverage solutions based in the People's Republic of China, today announced Telestone's WFDS(TM) and an indoor coverage system constructed using WFDS(TM) have successfully passed Comcel's network-access test. Comcel is the biggest telecom operator in Columbia.
After almost half a year's marketing preparation, the first set of WFDS(TM) was installed in the mobile telecommunication network of Comcel and successfully passed the test. In the process of the installation and test, Telestone got close and effective cooperation from Comcel. During and after the test, WFDS(TM) has received positive response from the operator and partners of Telestone in South America. The operator was highly complimentary about the excellent performance of WFDS(TM) and commented: "WFDS(TM) has great technical superiority when compared with the products in the same class and has a promising market prospective in South America." It indicates that WFDS(TM) has gained the entry of the Colombian Telecom market. It is believed that Colombian indoor network construction will kick off in the near future and shows great potential for growth. Technology with high quality and a good price provides a hopeful prospect in the market.
Comcel is one of the subsidiaries of American Mobile, the biggest telecom operator in Latin America. This successful trial not only indicates that WFDS(TM) has been accepted by the operator and received full confidence from the operator in Columbia, but also sets a milestone for the market promotion of Telestone's WFDS(TM) in Middle and South America and other countries.
Han Daqing, Chairman and CEO of Telestone, commented: "The test result is not only strong evidence of the technical superiority of WFDS(TM), but also a solid foundation for Telestone's participation in tender of Comcel in 2009."
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone currently has approximately 800 employees.
For more information visit http://www.telestone.com .
Safe Harbor Statement
Statements about the Company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.
For further information please contact:
Telestone Technologies Corporation Ltd.
Fang Cui
Tel: +86-10-8367-0088 ext.1202
Email: cuifang@telestone.com
Nick Lee
Secretary of the Board
Tel: +86-10-8367-0088 ext.1002
Email: nickl@telestone.com
