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Gosun Communications (fka GOSN)

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Last Post: 4/26/2002 2:26:54 PM - Followers: 4 - Board type: Free - Posts Today: 0

Gosun Communications http://www.gosuncommunications.com Outstanding shares: 30,218,384 Shares in Float: 2,752,478 Gosun Communications Limited, Inc. Enters Into Agreement with Nokia to be Only Retail Chain of Telecommunications Stores in China Licensed by Nokia Gosun Communications Limited, Inc. Ranked as China Unicom Limited's Number One Agent in Obtaining New Customer Subscriptions for China Unicom Limited's GSM130 Services **Anticipates 30,000 New Cellular Telephone Service Subscription Customers During Second Half of 2001 **Expects to Sell 30,000 Pre-Paid Cellular Telephone Service Debit Cards During Second Half of 2001 **Designated Grade "A" Agent by China Mobile Communications **Appointed Super Grade "A" Agent of China Unicom Limited **Company Projects Third Consecutive Quarter of +30% Increase in Sales Revenue. **Expands Operations to Include Additional Information Technology Products -------------------------------------------------------------------------------- ABOUT THE COMPANY Gosun Communications Limited, Inc. is the retail arm of the Gosun Communication Group, one of the better known privately controlled corporations in the field of telecommunications in China, founded in 1992 and employing in excess of 1,800 people. Gosun is incorporated in the state of Texas and headquartered in Guangzhou, a fast growing city of 10 million inhabitants in Guangdong Province, South China. The principal business of the Company is focused on the retail sale and distribution of telecommunication equipment and related products. It also acts as an agent of cellular and paging services providers throughout China. The Company is a licensed primary agent of China Mobile Communications Corporation, one of the two exclusive cellular communications providers in the Peoples Republic of China. The Company's significant product suppliers include Nokia, Motorola, Alcatel, Siemens and Samsung to name a few. Employing approximately 450 staff, Gosun is the largest seller and distributor of telecommunications equipment in Guangzhou City, with more than 25% market share generated through 20 directly owned chain stores in Guangdong Province. There are 4 additional chain stores in Shanghai and within 2 years, Gosun plans to expand on its business model by creating 80 more stores in the largest Chinese cities. For the quarter ended March 31, 2001, the Company had revenues of US$10,171,306 and for the quarter ended June 30, 2001, the Company had revenues of US$13,332,938. Revenues for the quarter ended September 30, 2001 are expected to be approximately US$17,500,000. Additional information about the Company can be found at its website: http://www.gosuncommunications.com -------------------------------------------------------------------------------- Contact: de Jong & Associates (for Gosun Communications) Ron de Jong, 877/943-9065