TCOM Increases Expectations for New Business in 2006 After Successfully Launching Subaye.com
Tuesday May 2, 11:25 am ET
TCOM Investors and Business Partners Experience Chinese Business and SMEs Receptivity with Subaye.com e-commerce services
HONG KONG, May 2 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM - News) announced today the conclusion of their new growth strategy product line, Subaye.com (http://www.subaye.com) and IBS v5.0 the biz to biz to consumer vale chain. TCOM hosted a Business Mission that began on April 24th to introduce and educate shareholders, investors and technology professionals on a number of business activities and opportunities with TCOM in China. The Business Mission started in the TCOM offices in Hong Kong and continued onto Beijing. The Business Mission subsequently traveled to Guangzhou, their trip coinciding with the Guangzhou Fair, the largest and busiest trade fair in China.
"The atmosphere in Guangzhou and Hong Kong with the SMEs showcase created a warm reception for our IBS v5.0 e-commerce service Business Mission," said Tim Chen, CEO of TCOM. "We wanted to impress upon our investors, shareholders and business partners the explosive business potential of our business in China. The Chinese SMEs enthusiasm for the e-commerce services that coincided with our visit paralleled the receptivity our Business Mission enjoyed in meetings with Chinese TCOM business partners. Both the Business Mission events and the wireless communication entertainment and SME e-commerce services clearly demonstrated to the Business Mission participants the tremendous opportunity that exists between mobile communications and entertainment in China. The Business Mission participants' reaction to the trip has increased our expectations for the TCOM business opportunity in China in 2006. An updated forecast for our 2006 revenues will be released in the near future after follow up discussions are completed within this month."
TCOM previously announced its Subaye.com IBS v5.0 annual fee model sales in July, and Alpha is operating as a sales office in China to provide full service to SME's internet business services of IBS v5.0 and Subaye.com value chain, as 100,000 SMEs move fast into B-B-C e-commerce market through IBS v5.0. The primary results of sales and marketing show 3,126 SMEs have been become members to Subaye.com. All members will be paid an annual fee of $900 beginning on July 1, 2006. We are forecasting that 20,000 SMEs will become members in 2006, approx. $18 million annual fee. This amount excludes revenue generated by provided entertainment contents to the majority internet and wireless players such as KONG, BIDU, LTON and LONG as well as revenue sharing models and long term cooperation's.
About Telecom Communications, Inc.
Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service 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. (http://www.subaye.com), IC Star MMS, Ltd. (http://www.icstarmms.com) and 3G Dynasty Inc. (http://www.skyestar.com).
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. |
