China Wireless Announces New President for Beijing In-Touch and Approval
China Wireless Communications, Inc. (OTC Bulletin Board: CWLC - News) is pleased to announce the appointment of Dr. Allan R. Rabinoff as the President of Beijing In-Touch Information Systems Company Ltd., the broadband telecommunications operating subsidiary for China Wireless. Pedro E. Racelis III (Pete), President and CEO of China Wireless commented, "Dr. Rabinoff has extensive experience in China and brings solid management and leadership skills to In-Touch and has been involved with China Wireless since its inception. We are at a juncture to increase shareholder value and improve our performance as a telecommunications partner. In order to do so, China Wireless Communications has appointed someone with experience and excellent business skills in China. Dr. Rabinoff will restructure the In-Touch operation to become more efficient and cost effective."
Dr. Rabinoff has spent over 15 years in the telecommunications industry and has served in several executive level positions. He has spent most of his business career in creating successful startup businesses in Asia and China. He has extensive international experience in the areas of project identification, contract negotiation, cross-cultural team building, marketing, sales, M & A strategy and business development.
China Wireless Communications, Inc. is also pleased to announce that its shareholders by written consent approved the increase of its authorized capital stock to 250,000,000 shares.
Pedro E. Racelis III (Pete), President and CEO of China Wireless further stated, "I want to thank all the shareholders who voted for the increase of the company's authorized capital stock. This action now allows the company to raise the additional capital needed to expand our telecommunications business in China. Our shareholders demonstrated vision and confidence in the company's ability to continue its growth of the business as well as with its management."
About China Wireless Communications, Inc.
China Wireless Communications, Inc., headquartered in Denver, CO provides a suite of broadband data services, including support for Internet access and Voice over IP in Beijing, China through its wholly owned subsidiary, In-Touch Communications. We use secure, reliable fixed wireless technology to provide the "last mile" connection to link bandwidth-hungry businesses to our fiber-optic backbone, and to the networks of our telecommunications partners. Our "Wireless Fiber" services provide the capacity and reliability of fiber-optic networks, over a fixed wireless connection. As a result, we capitalize on faster deployment and maintain targeted capital spending available only through these advanced technologies. Our systems are used to provide redundant high-speed network access connections, Voice over IP and transport services that include IP data, video and ISP services. The Company is publicly traded on the OTCBB under the symbol "CWLC".
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 Vice President of Technology China Wireless Communications, Inc. info@chinawirelesscommunications.com www.chinawirelesscommunications.com 303.277.9968 Office
Source: China Wireless Communications, Inc.
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