Enjoy Media Hldgs Ltd (fka SQIN)

[MisterEC]

The symbol you entered, SQIN, changed to SQRN on November 17, 2007.

SQRN Bid: 0.30 Ask: 1.00

Guangzhou Global Telecom Announces Supplier Agreement With SQRN
GUANGZHOU, China, Dec. 20 /Xinhua-PRNewswire/ -- Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT), a mobile phone handset and pre-paid calling card distributor and mobile handset value-added services provider in the PRC, announced today that it will become the exclusive supplier of electrical appliances to Square Inn Budget Hotels Management Inc. (OTC Pink Sheets: SQRN), while also establishing a strategic partnership with SQRN. This cooperation will expand the business of GZGT in the area of electrical products, such as TVs, telephones, network equipment, computers, and telecom and entertainment equipment, etc. The basis of this cooperation is SQRN's trust in GZGT's products and services. GZGT is planning to sign the purchase agreement with an estimated purchase amount of over $300,000.

Square Inn is a hotel management company based in Guangzhou, China. It develops, operates and manages budget hotels in China under the Square Inn brand. It seeks to grow its business by acquiring budget hotels across China, and to renovate and operate the hotels to conform to the standards of Square Inn brand and management. It plans to add hotel management contracts, lease and franchise options. For more information, please visit http://www.enjoymedia.com and http://www.squareinn.com .

Square Inn previously announced new business direction in the hotel management services to capture the booming budget hotel industry in China. It acquired a hotel property in Chengdu, Sichuan Province, and signed an exclusive hotel management contract with Southern Silver Resort & Beach in Silver Beach, Hailing Island of Guangdong Province. Square Inn intends to expand its coverage and seek new potential acquisitions and collaborations with hotels in China.

Ms. Li Yankuan, CEO of Guangzhou Global Telecom states, 'The cooperation between GZGT and SQRN is represented by our special emphasis on seeking strategic partner relationships. We believe the demand of hotel equipment from hotels of SQRN and its desire to open new branches in Guangzhou in 2008 will bring huge benefits to our business in future. The cooperation will enhance the service level of SQRN for more top customers, as well as expand the area of our business.'

About Guangzhou Global Telecom

Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre- paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores. For details, please visit our website at http://www.guangzhouglobaltelecom.com .

Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

For more information, please contact:

Paul Yates
Aero Financial, Inc.
Tel: [phone]
Email: [e-mail]

SOURCE Guangzhou Global Telecom, Inc.