InvestorsHub Logo
Followers 1
Posts 56
Boards Moderated 0
Alias Born 10/06/2000

Re: None

Thursday, 12/21/2000 1:31:59 PM

Thursday, December 21, 2000 1:31:59 PM

Post# of 1019
Shps news......
Thursday December 21, 8:50 am Eastern Time
Press Release
AccessTel Inc. Receives Approval for China's first ``Digital High Tech Park'' by the First Deputy Mayor of Shanghai, Zhen Liang Yu and Staff
SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 21, 2000-- AccessTel/Shopss.com (OTCBB:SHPS - news), soon to be renamed AccessTel Inc., today announced that AccessTel Inc. management team headed by world-renowned Scientist, Dr. William C. Y. Lee received approval of first ``Digital High Tech Park'' by the First Deputy Mayor of Shanghai, Zhen Liang Yu in charge of Economic Development in Shanghai.

Pictures of the meeting are available at http://www.accesstelinc.net.

``We have received the full cooperation from the local government of Shanghai for the rapid deployment of Wireless Digital Services from our new offices in the COAHEJING Tower in Shanghai,'' stated Lawrence Liang, president and CEO of AccessTel Inc.

``I am very pleased that Dr. Lee will be actively involved in the architecture and design of the broadband wireless Internet services we deploy in the High Tech Park. Over the next 3-5 years, the value of the COAHEJING Digital Project is estimated at $100 million or more in US dollars.''

AccessTel Inc.'s contract with the CAOHEJING High Tech Park in Shanghai, China is to establish wireless broadband network systems to provide Broadband Wireless Internet Services for the High Tech Park. The High Tech Park covers an area of more than 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned; Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE and Toshiba etc. with a contracted investment of $1.5 billion US.

``AccessTel Inc. has broadband wireless Internet technologies and market share. I am looking forward to assisting the implementation of this technology in China and in the development of China's first digital High Tech Park,'' stated Dr. William C.Y. Lee upon returning from China after completing the initial deployment plan for the COAHEJING Digital Project with AccessTel Inc.'s management team.

About Dr. William C.Y. Lee

Dr. William C.Y. Lee is regarded as a leading authority in the world of wireless communications, specifically for his enormous contributions in developing commercially viable analog and CDMA technology. Dr. William C.Y. Lee is Chairman of the board of LinkAir, a technology research and development firm, whose LAS-CDMA technology is positioned to revolutionize the wireless industry by enabling voice and data services that will rival the quality offered today by high speed landline connections.

Dr. William C.Y. Lee joined AccessTel Inc. as an original founding shareholder from Vodafone Airtouch, the world's largest mobile telecommunications company and helped guide the company's strategy since its inception. With more than 35 years wireless experience and more than 25 US patents -- with 11 more pending -- Dr. William C.Y. Lee is an expert in developing marketable communications technologies.

Dr. William C.Y. Lee spent 15 years as one of the pioneers in developing the advanced wireless technology-AMPS-for Bell Labs. He also headed the advanced mobile communications system for the ITT Defense Communications Division system in 1990 that increased radio capacity by 2.5 times over the conventional microcell model.

During his illustrious career, Dr. William C.Y. Lee has published more than 200 articles and several books on CDMA theory and technology. He also has been elected as an IEEE Fellow and has served as a member of numerous councils, including the California State Council on Science and Technology, the US Council on Competitiveness and the FCC Technical Advisory Council. He has earned many prestigious awards, including the IEEE VTS Avant Garde Award, the CTIA Award, the CDMA Industry Achievement Award, the SATEC Award, a Bell Lab Service Award and, most recently, the IEEE Third Millennium Medal Award.

Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.


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

Shopps.com/AccessTel Inc., Santa Clara
Lawrence Liang/Stuart Bockler, 408/216-4756
http://www.accesstelinc.net
Or Worldwide Corporate Finance
Sy Mitzner, 818/783-0054