TCOM Announces Quarterly Operating Statistics for the Period Ended December 31, 2005
Monday February 13, 2:43 pm ET
HONG KONG, Feb. 13 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM - News) the Total Solutions Provider, today announced operating statistics for the quarter ended December 31, 2005.
Revenues increased $2,752,761 or 174.7% due primarily to: Revenues recorded at $4,328,099 for the three months period ended December 31, 2005 compared to $1,575,338 for the same period ended December 31, 2004. The increase of $2,752,761 due primarily to the initial receipt of rights to first use the software of $2,400,000. Revenues for the period ended December 31, 2005 were generated from the fixed monthly income by providing clients our products namely Total Solutions, SEO4Mobile and IBS V4.1.
Net income was up 35.9% to $493,368 for the three month period ended December 31, 2005 compared to $362,965 for same period ended December 31 of 2004.
"Our first quarter 2006 results include strong performance in total solutions product lines and IBS v4.1 SMEs sales," said Tim Chen, president and CEO of TCOM. "We are encouraged by the fact that IBS v4.1 sales continue to build momentum and generate increased interest from SMEs Internet businesses business. Cash used during the quarter includes our continued investment in our SME software system developments called IBS v5.0 as BtoBtoC e-commerce value chain, and entertainment content service offerings."
TCOM will report its 1st quarter 2006 financial results within this week.
About Telecom Communications, Inc.
Telecom Communications, Inc. is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Services in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd and 3G Dynasty Inc. (http://www.icstarmms.com ; skyestar.com ). icstarmms.com currently provides entertainment contents to 64 China Internet companies including: baidu.com, Shanghai Linktone, 3721.com -- a Yahoo company, Kongzhong Corp., qq.com and elong.com under the cooperation partnership agreements.
About IBS v4.1 Enterprise Suite
The product line focuses on the one million SMEs in China, with version 4.1 enterprise suite being satiable to all companies with less than 500 employees, inner information resource management and affiliate networks, vendor/customer, information process and communications over the Internet and wireless communications. This product has strong customer relations and interactive management, straight to the end consumer via MoDirect. Most SMEs have only small budgets for promotion, marketing and customer management. They can use IBS v4.1 at the lowest cost to publish ads on the web and SEO4Mobile mobile phone users. The product allows quick and easy interaction between company and customer straight to the end consumers.
Safe Harbor
The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For more information, please contact:
Ms. Sandy Tang
Telecom Communications, Inc.
Tel: +852-2782-0983
Email: pr@tcom8266.com
Source: Telecom Communications, Inc. |
