Replies to post #3723 on Velatel Global Comm. (fka VELA)

[Tjeff]

That's no secret it's in their filings

[elberteclll]

Initiatives

Back to back acquisitions, redesign of reporting functions

Based on its excellent reputation in the industry and special expertise with acquisitions and mergers, Singularis was retained by Viridis Energy Inc. (Virdis), a soft wood pellet manufacturer and distributor located in the Okanagan Valley of B.C., to prepare all financial reports required to complete two, back to back, acquisitions. Singularis not only met the extremely tight time lines, but also aligned the reporting functions of the three distinct companies and the acquisitions were closed successfully to the greatest satisfaction of Virdis.

Compilation of incomplete data

When a team of auditors in Perth, Australia, was unable to compile financial statements for Mercator Gold Australia Pty. due to gaps in the source data, Singularis was called upon and, pooling on its in deep understanding of accounting systems and financial reporting, efficiently and accurately compiled the information and reported auditable results, which enabled its client to complete the acquisitions of over 30 million dollars in mineral assets and properties to expand into a new market.

Reverse-mergers

Singularis is well equipped to support local initiatives into emerging sectors, as it has in the past. Over the last 5 years, Singularis has assisted numerous emerging corporations with team players scattered around the globe to become public issuers by preparing all financial reports required to complete the reverse-mergers and access equity funding. Post transactions, Singularis guided the newly appointed management through the first few months of being a public issuer. Three of these corporations have since established their strong presence in various provinces of China:

GC China Turbine Corp., a manufacturer of 2-bladed wind turbines with manufacturing facilities in Hubei Province, China;
China Tel Group (now VelaTel Global Communications, Inc.), a holding company of telecommunication carriers throughout the world, with manufacturing facilities in Fujian Province, China, and;
SolarEnertech Corp., a designer of advanced photo-voltaic modules with manufacturing facilities in Shanghai, China
Singularis Consulting Corporation
[phone]
2919 Ontario Street, Vancouver, BC, V5T 2Y5
[e-mail]

[elberteclll]

ChinaTel, which was formed in 2008 through a reverse merger of a pair of Nevada-based companies, one of which had experience building out wireless networks with Sprint Nextel Corp. and T-Mobile International AG, originally gained a foothold in China by deploying a Wi-Fi network in Beijing in support of the 2008 Olympics, a network ChinaTel said was still operating. The company was then tapped through its partnership with CECT-Chinacomm Communications, which was granted spectrum licenses by the government, to begin building out a wireless broadband network using the 802.16e WiMAX specification.

“We have 20 megahertz of spectrum now, but that could be bolstered in the future by the Chinese government,” noted Kenneth Hobbs, VP of mergers and acquisitions for ChinaTel.

Hobbs added that it was under government mandate to have 12 markets deployed by June 2011, and that it had already completed work on three network operating centers and three switches. Deployment of the network in the remaining 17 markets is not expected to begin until 2014. The company also noted that it has between 400,000 and 500,000 people currently paying for access to its Wi-Fi network that is operating in parts of Beijing, Shanghai and Shenzhen.