CWLC ....... STRONG BUY VERY UNDERVALUE ...Easy 0.10 cents ....China Wireless Announces Contracts With Two Multimillion Dollar Transportation Companies in the City of Tianjin, China. Tianjin Is Beijing's Gateway to the Sea and Is Considered the Number One Demarcation Point for All Products Entering and Leaving China.
DENVER, Jan. 24 /PRNewswire-FirstCall/ -- China Wireless Communications, Inc., (OTC Bulletin Board: CWLC), is pleased to announce that it has signed a contract with the Sino-Trans Group and an additional contract with Tianjin Sea Transportation Company.
Tianjin Create Co., a systems integration company and subsidiary of China Wireless Communications, signed a contract to provide computing solutions and wireless for the Sino-trans Group to be used in their transportation management department. An additional contract and has been signed with the Tianjin Sea Transportation Company to provide computing equipment for the management organization. Tianjin Create Co. will also provide hardware, and software support for both companies for 1 year.
Sino-trans Group was founded in 1950 and is the first transport company to provide international services through their joint venture with DHL signed in 1986, with assets valued at 514M USD for year end 2004. Revenues are 2.6B USD and net profit of 97M for 2004, became a publicly traded stock on the Hong Kong exchange in 2003 and employs over 16,000. Sino-trans Group provides services which include freight agency, express shipping, auto transport, ocean shipping, storage and dock services.
Tianjin Sea Transportation Stock Company is the first and largest international sea transportation company operating in Tianjin, China with assets totaling 60M USD, and revenues in excess of 3M USD calendar year 2004. The company was founded in 1980, has over 500 employees, and a fleet of 10 container ships. Each ship is capable of caring over 10,000 tons of cargo. Tianjin Sea Transportation Stock Company services the main sea routes to Japan, Korea, North America, and Southeast Asia.
Frank Li
, President of Create Co. commented, 'From a historical perspective Tianjin City is the third largest city in China and can be compared to Chicago, Illinois in the U.S.A. Its population is 10,000,000 people and is a major import and export center for China. Major industries and markets in Tianjin City include educational, industrial, international port city, medical, manufacturing and government. It is noteworthy that with the award of these contracts we expect to be able to increase our customer base in several new markets we are not in today with the assistance of China Wireless.'
About Tianjin, China
Tianjin is Beijing's gateway to the sea and has over 25 ten thousand ton ship berths. The harbor is considered the number one demarcation point for all products entering and leaving China. Tianjin's harbor is geographically the second largest in China. The city houses 31 universities and not only is the industrial capital, headquarters for Motorola Corporation of China, but also the financial capital of northern China. In addition Tianjin University is the first Chinese neoteric university. Tianjin has been selected to host the 2008 Olympic Games Football (Soccer) contests.
About China Wireless Communications, Inc.
China Wireless Communications, Inc., headquartered in Denver, CO, is focusing its efforts on becoming a premier information technology company in China. The information technology business is developing quickly in China and we are becoming a major player in its development. The company provides business solutions to clients which include systems integration, broadband data services, support for Internet access and Voice over IP in China. Our systems provide redundant high-speed network access connections, and transport services that include IP data, video and ISP services. Another key component to building the company's broad base information technology products and services in China, including computer installation and maintenance, broadband transport service, server installation maintenance and support, internet services, broadband transport redundancy, fixed wireless transport and information hosting.
Forward Looking Statements:
Statements regarding financial matters in this press release other than historical facts are 'forward-looking statements'. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
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