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Wednesday, 10/17/2001 12:36:23 PM

Wednesday, October 17, 2001 12:36:23 PM

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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


Company Appointed Super Grade ``A'' Agent of China Unicom Limited


LOS ANGELES--(BUSINESS WIRE)--Oct. 11, 2001-- Gosun Communications Limited, Inc. (OTCBB:GOSN - news) is proud to report that it is now ranked as China Unicom Limited's number one agent in obtaining new customer subscriptions for China Unicom Limited's GSM130 services (China Unicom Limited is China's second largest cellular telephone service provider).

The Company now generates approximately 5,000 new customer subscriptions to China Unicom Limited's GSM130 services per month. Further, the Company receives approximately Ten Dollars from China Unicom Limited for each such subscription. Management of the Company believes that this arrangement with China Unicom Limited will significantly increase revenue and improve the Company's net income for 2001 and will further strengthen its corporate image as a dominant retail chain network in the People's Republic of China.

Additionally, the Company is proud to report that it has been appointed Super Grade ``A'' Agent of the Guangzhou branch of China Unicom Limited. Pursuant to this appointment, the Company was bestowed with the honor of building and managing the first telecommunications products specialty store for China Unicom Limited in Guangzhou City, the capital city of Guangdong Province. Management also believes that its Super Grade ``A'' Agent Status with China Unicom Limited and its arrangement with China Unicom Limited regarding its first telecommunications products specialty store will increase the Company's revenue stream and, at the same time, further strengthen its corporate image as a dominant retail chain network in the People's Republic of China.

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 People's 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 www.gosuncommunications.com.

Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker.


--------------------------------------------------------------------------------
Contact:

de Jong & Associates (for Gosun Communications)
Ron de Jong, 877/943-9065
www.dejong.org



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