Smooth Global (China) Holdings (fka SMGH)

[BUBBA]

(PR NEWSWIRE) Smooth Global (China) Holdings, Inc. Announces Renewal of Contract with China Unicom Group Beijing Branch for PayPhone Business in 2008

BEIJING, Jan. 22 /Xinhua-PRNewswire/ -- The Smooth Global (China) Holdings,
Inc. (OTC Bulletin Board: SMGH) ("SMGH" or "Company") a leader in providing
International Call Forwarding Service in China, announced today that the
Company is negotiating with China Unicom Group Beijing branch to extend and
improve the contract for its PayPhone Business from 2007. We are expecting
favorable terms for our future expansion not only in payphone area but other
telecommunication value added services as well.
When a customer uses the payphone or VoIP phone to make a call, the usage
fee is calculated and charged by the number of pulses (one minute intervals)
made in accordance with the government fixed tariffs or government guidance
tariffs, whichever is applicable. QTC, one of our subsidiaries, immediately
bills and receives the usage fee from the customers and the independent
collection agent centralizes the cash proceeds from each payphone and deposits
into the bank on a daily basis, across the network. China Netcom and QTC
monthly calculates the share of QTC's revenue on the varied basis from 40% to
60% of the usage fee received from the customers, depending upon the usage of
the customers. The independent collection agent is then authorized to remit
the total proceeds of usage fee to China Netcom, and QTC immediately invoices
its share of revenue to China Unicom.
Ms. Zheng Shuying, President of SMGH, commented, "We are pleased to
continue our good relationship with China Unicom Group Beijing branch and
extend our contract from 2007 to 2008. The renewed contract will improve our
financial result and we also negotiate with other brand name Companies in
China to extend their contracts and provide additional services. The Company
will announce details of these contracts near term. Since we merged last year,
we have developed our business faster than we were expecting and improved our
position as leading Company for International Call Forwarding in China."
About Smooth Global (China) Holdings, Inc.
Smooth Global (China) Holdings, Inc. was organized under the name Bralone
Mining Company (the "Company") under the laws of the State of Nevada on
December 2, 1998. 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 engaged 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. On July 31, 2007, it changed its
name to Smooth Global (China) Holdings, Inc. The Company contracted with the
subsidiaries of China Netcom Group Corporation (Hong Kong) Limited (NYSE: CN),
namely China Netcom (Shaoxing) Corporation Limited and China Netcom (Guangdong)
Corporation Limited, to distribute their VoIP call time in China. On October
24, 2007, the Company acquired 100% equity interest on Smooth Global Services
Limited, which holds Beijing GRT Information Services Limited ("Beijing GRT"),
a company providing International Call Forwarding Service ("ICFS"). Beijing
GRT entered into the international call forwarding business by obtaining a
license from China Netcom (Group) Company Ltd. Shanghai Branch and a license
from China Netcom (Group) Company Ltd. Shaoxing Branch. The licenses were
acquired in connection with the purchase by Beijing GRT of 2000 local
telephone numbers. The licenses provide that the carriers will facilitate the
international call forwarding business of Beijing GRT by (1) waiving all
monthly fees for the company's local numbers, (2) guaranteeing Beijing GRT its
lowest per-unit fee, and (3) assuring Beijing GRT that it will retain the
local numbers for at least three years. The Company will focus international
call forwarding to its lines of business.
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.
For more information, please contact:

Mr. David Guo
Smooth Global (China) Holdings, Inc.
Website: http://www.smgh.net
Tel: [phone]
Email: [e-mail]
SOURCE Smooth Global (China) Holding, Inc.


Contact Information:
Mr. David Guo of Smooth Global (China) Holdings, Inc., [phone] or BLNM8
[e-mail]