SHPS news, a bit late for posting it, just figure we should keep watching it as the conference call on Nov 21st is getting closer, so as the anticipation will get higher.
Edit: the huge $2 wall has just broken while I'm composing this post.
AccessTel Inc. Announces a Strategic Alliance in China
NEW YORK, Nov 17, 2000 (BUSINESS WIRE) -- The Board of Directors of Shopss.com
Inc. (OTCBB:SHPS), soon to be renamed AccessTel Inc., is pleased to announce
that its 100% owned subsidiary, AccessTel (China) Inc. has signed a contract
with the Shanghai Haplink Information System Co. Ltd. with regard to the
development of the Chinese market and the implementation of broadband wireless
access technical solutions.
This agreement is aimed at promoting the development of information technology
in the Shanghai CAOHEJING New Technology Development Zone and to provide state
of the art broadband wireless Internet access technologies for enterprises
within the zone.
"This is a significant opportunity for AccessTel Inc. to immediately deploy
broadband wireless services in Shanghai and ramp up revenue quickly," stated
Stuart Bockler, CFO of AccessTel Inc. "We look forward to connecting with our
Hayward, Calif. Voice Over IP (VoIP) gateway to provide additional Data and
international communication services. Revenue is expected to flow from
Consulting Services, Equipment Lease Services, Billing Services, ISP &
Communication Service Fee's as well as future Appliances development,
manufacture and sales in China and abroad."
The Shanghai Haplink Information System Co. Ltd. is a high technology enterprise
controlled by Shanghai CAOHEJING New Technology Development Zone General
Corporation. It is mainly engaged in Internet service provision (ISP), providing
value added services in the network communications field and the research and
development of Internet technologies. The Shanghai Haplink Information System
Co., Ltd. has had many years of experience in the provision of Internet
services, and has gained market share, in the Shanghai region as well as the
CAOHEJING Development Zone.
At a recent AccessTel Inc. meeting in San Jose, Calif. where Lawrence Liang, CEO
AccessTel; Stuart Bockler, CFO AccessTel; Wang Zhi Hong, Chairman of The
Shanghai CAOHEJING Hi-Tech Park Development Corp.; Dr. Shang-zhou Jiang,
Economic Commission Executive Deputy Director; and Zhou Zhenbang, President of
the Shanghai Haplink Information System Co. Ltd., were present, famous Wireless
expert, Dr. William C.Y. Lee, founding shareholder and Chief Technology Advisor
to the Board of AccessTel Inc., stated, "I am delighted that the merger with
Shopss.com is finally completed and I am looking forward to assisting the
Company to the best of my ability in the timely and efficient deployment of its
Business plan."
About AccessTel
AccessTel, through joint ventures and acquisitions, is poised to begin supplying
Broadband Wireless, VoIP and Utility Meter Reading over a Wireless and Wired
Broadband Network.
These services will be provided primarily in China and the Western United States
from AccessTel's base in San Jose, Calif. The wireless network and wireless
local loop (WLL) services will provide rapid deployment of phone, fax,
high-speed data, video and fixed ISP connection.
In addition to deploying the latest broadband wireless strategies and telecom
solutions, AccessTel plans to develop 2.5 and 3G Wireless Appliance
Technologies, in its own laboratory, under the guidance of Lee. The company's
business plan has attracted major strategic alliances to help it achieve its
business goals in a timely and effective manner.
Forward-looking statements in this release are made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of the
company's products and technological changes, the company's dependence upon
third-party suppliers, intellectual property rights and other risks detailed
from time to time in the company's periodic reports filed with the Securities
and Exchange Commission.
CONTACT: Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
URL: businesswire.com
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KEYWORD: CALIFORNIA CHINA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
NETWORKING
TELECOMMUNICATIONS
MARKETING
AGREEMENTS |
