"We appreciate much of the efforts made by our convertible debt holders to
settle these debts, which will create a win-win situation. After settling
these debts, the Company will be able to focus resources and capacity on
ordinary business, and not to worry about the debt repayment pressure from the
original debt once we settle these debts before the deadline. In addition, our
capital structure will be more healthy, and it will be more feasible to accept
additional capital to meet the new business development's requirements," said
CEO
About Guangzhou Global Telecom
Guangzhou Global Telecom, Inc. is a national mobile phone handset and
pre-paid calling card distributor and provider of mobile handset value-added
services. Maintaining cooperative relationships with China Telecom, China
Mobile and China Unicom, the Company seeks to become the largest sales and
distribution center of mobile phones, mobile phone parts and prepaid mobile
phone cards in
Safe Harbor Statement
Certain of the statements made in the press release constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements can be identified by the use
of forward-looking terminology such as "believe," "expect," "may," "will,"
"should," "project," "plan," "seek," "intend," or "anticipate" or the negative
thereof or comparable terminology. Such statements typically involve risks and
uncertainties and may include financial projections or information regarding
our future plans, objectives or performance. Actual results could differ
materially from the expectations reflected in such forward-looking statements
as a result of a variety of factors, including the risks associated with the
effect of changing economic conditions in
For more information, please contact: Judy Chen Phone: +86-20-8317-2821 Email: info@guangzhouglobaltelecom.com
SOURCE Guangzhou Global Telecom, Inc.