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Non-Tech : CHINA PROSPERITY INTL HLDG ADS (CPIH)
CBBC 24.150.0%May 23 5:00 PM EST

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To: Lucky888 who wrote (16)11/23/1999 8:27:00 AM
From: Robert Brooks  Read Replies (1) of 60
 
Tuesday November 23, 6:31 am Eastern Time

Company Press Release

Qiao Xing Universal Telephone Announces Completion of the First Digital Cordless Phone to Display Caller ID and Other Functions in Chinese

GUANGDONG, China--(BUSINESS WIRE)--Nov. 23, 1999--Qiao Xing Universal Telephone, Inc. (Nasdaq/NM:XING - news) today announced that it has completed development of the DCT1920, the first digital cordless phone in the world to display caller ID and other functions in Chinese.

The Company describes the new phone as ''superthin'' with dimensions of 1.5cm.

While most Asian factories producing digital cordless phones purchase radio frequency modules from Europe, the U.S. and Japan, Qiao Xing is the only Company with the capability of developing and manufacturing radio frequency modules in China.

The Company's technology, including the relevant baseband chip software, allows Qiao Xing to be price-competitive as well as provide superior voice quality, extended communication range, enhanced security, handset-to-handset intercom capabilities and improved interference immunity.

In addition, the Company's high-frequency, integrated circuit, advanced radio frequency technique and modulation-free system provides a level of quality that satisfies most countries' industry standards.

Qiao Xing plans to rollout the DCT1920 in China by January 2000 and in Europe by the first quarter of 2000. The Company believes that the DCT1920 could eventually replace the analog cordless phones, the prevailing method of communication in China, as well as compete in the worldwide market.

In recent months, several influential Chinese periodicals have reported on Qiao Xing's technology including: Xinghua News, People's Daily, Economic Daily and Science & Technology Daily.
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