China Wireless Announces Contract With China's Billion Dollar Appliance Manufacturer, GD Midea Air Conditioning Equipment Company Ltd.4 March 2006
China Wireless Communications, Inc., (OTC Bulletin Board: CWLC), is pleased to announce that it has signed a contract with the GD Midea Air Conditioning Equipment Company.
Tianjin Create Co., a systems integration company and subsidiary of China Wireless Communications, has signed a contract to provide enterprise network design, wiring, installation, maintenance and technical support for GD Midea Air Conditioning Equipment Company.
The GD Midea Air Conditioning Equipment Company was founded in 1968 and has become one of China's largest conglomerates focusing on house appliances, real estate, finance and maintenance equipment for public highways. The company holds total assets of 2 billion USD and owns ten brand names such as Midea and Welling. The Midea Group's marketing network covers all of China with branch subsidiaries in USA, Germany, Japan, Hong Kong, Korea, Canada and Russia. Currently the group is the largest air conditioning and microwave oven manufacturer in China and holds the majority share of the household and kitchen appliance markets.
In 2004 the Midea Group was ranked number 1 of the top 100 nongovernmental enterprises in China with over 3.5 billion USD in total revenues, of which 1.5 billion USD are comprised of export business. The total revenues increased 70% from the previous year and the value of the Midea Group brand has increased from 1.5 billion USD to over 2.5 billion USD for the 2004 fiscal year.
Frank Li, President of Create Co. commented, "With this contract we will develop our ongoing relationship with one of China's largest manufacturing, service, and networking companies. We are very optimistic that we will be able to nurture this relationship to obtain additional contracts and increase our revenues. It is our plan, with the help of China Wireless to broaden and increase our customer base, thus improving present and future revenues."
China Wireless also would like to reiterate its plans to hold a conference call on Thursday, February 23, 2006 at 2pm Eastern to review and discuss the new direction of the company and to reveal it's new division. The conference call details will be made available shortly.
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 form the expected results
CONTACT:
Michael Bowden
Chief Operations Officer
China Wireless Communications, Inc.
info@chinawirelesscommunications.com
http://www.chinawirelesscommunications.com
303.277.9968 Office
Source: prnewswire
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