Friday, February 18, 2005 11:19:43 PM
Friday February 18, 9:00 am ET
HONG KONG, Feb. 18 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM) the total solutions provider, is pleased to provide further information on it's Feb 15th news release concerning Arran Services Limited (a division of TCOM).
There is very strong demand for investment in China from Europe and North America, but finding smaller, high growth Hong Kong based companies on a reputable public stock exchange is difficult. Our announcement this week to assist private Hong Kong companies in going public, provides our shareholders with excellent exposure to our fast growing economy and provides important diversification -- all without tying up more investment capital. At the same time, our shareholders are benefiting from the strength of our existing business model and technologies. Our focus has not changed and we will continue with our aggressive growth plans -- both internally and externally. The announcement this week to have our Arran Services division provide consulting to private companies that will assist them in going public (in exchange for stock and warrants), is simply utilizing our expertise in this field. In return, our shareholders have an opportunity to indirectly participate in the explosive growth these public companies can provide and the positive impact this can have on our bottom line. Our shareholders can be assured that this new service will not be a drain on existing resources and that it provides excellent leverage to future growth opportunities in one of the fastest growing economies in the world. Below is a brief introduction of the (initial) five companies we will be working with.
1) World-East Corporation: a software and services company providing a category of business software known as internet business service (IBS). The Company's flagship product, WEBS CRM System, is a distributed software solution designed to assist businesses over the internet. The System enables manufacturers and service providers to use the Internet to establish and manage continuous connections with automated e-service, operations monitoring and e-commerce offerings. WEBS's customers include end-user clients in many industries throughout China. ASP division of World-East Corp. is a professional services firm that specializes in information technology (IT) solutions and business process outsource services for state and local government agencies through its active business partners in China. The ASP division's comprehensive IT services includes security consulting, infrastructure planning and deployment, information technology application development, legacy systems integration, information technology system support and business process outsourcing services for state and local government agencies. The company's DATA division is an independent architect of enterprise-class information storage infrastructures. They specialize in network availability, data recovery, storage management and support and maintenance.
2) HRDQ Group Inc.: a diversified financial services company seeking to invest in, or acquire, manufacturing, distribution or service companies. They also conduct various venture capital investment activities, performing technology project advisory services for corporate clients, and through an affiliate, purchase/sell intellectual property, license trade marks and franchise network assets.
3) Sparkful Investments Ltd.: a holding company engaged in the financial services business and focuses on servicing the needs of high-net-worth and institutional investors and high-growth companies. The Company, through its Website, provides financial information services to entrepreneurs and venture investors. Through its principal operating subsidiary, contracts with broker- dealers provides investment information for retail and institutional securities services in China.
4) SEN Portal Limited: an entertainment company providing artist management, event, and infotainment to advertisers, TV networks and websites. The Company also operates three networks targeted at cable television system operators and high-powered DTH satellite service providers called the direct broadcast satellite (DBS): MyStar, LiveShow and MusicVideo. SEN Portal Limited is organized into two segments: Artist Management Group and the Infotainment Group which distributes branded entertainment programming content through electronic distribution platforms: cable TV, DBS, hotels and C-Band, & Websites. The company sells content to partners with third-party gatekeepers for the distributors, and wholesales pre-packaged content to various web masters. SEN is also a television broadcast affiliate advertising company. They are focused on developing and operating a group of television broadcast advertising distribution networks in China. The Company has contracted with nine middle-market stations affiliated with CCTV, OTV or GDTV. They have two stations affiliated with more than 22 major cities (cable television network), and its CTV Affiliates. Automotive advertising accounted for approximately 28% of the Company's total gross revenues in 2004 while gross revenues from entertainment businesses accounted for approximately 32%.
5) Free Productions Ltd.: engaged in the creation and production of communication products, primarily video and film-based products. The Company sells its products to three business customer types that comprise the Company's operations: Entertainment, Media Production and Travel Guide. The Entertainment Group creates and produces television shows for cable networks. Media Production develops communication products for corporations, associations and other organizations. The Travel Guide Group creates and produces travel information products for large publishers plus products for sale through third-party vendors and under its own brand, "I Love" Series. The company is in the development stage as a producer and developer of entertainment properties. Its products include documentary film footage and feature film and television scripts.
About Telecom Communications, Inc.
Telecom Communications, Inc. is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications.
Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Limited, Huiri Electric (PY) Limited, Arran Services Limited and IC Star MMS, Limited ( http://www.icstarmms.com ).
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