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Gold/Mining/Energy : CEU - China pager and emerging IDC -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dydo who wrote (13)	4/26/2000 1:50:00 PM
From: Robert Dydo	Read Replies (1) \| Respond to of 26

Concept Industries Inc CEU Shares issued 6,457,822 2000-04-25 close $0.71 Wednesday Apr 26 2000 Mr. William Jung reports The company's Shandong paging joint venture company (Contour), has reached an agreement to form an alliance with a Beijing-based company (BeijingCo) that has licences to be an Internet service provider and to offer two-way wireless messaging and voice-over Internet protocol (VoIP) services throughout the People's Republic of China (China). VoIP is also known as long-distance calling by way of the Internet. Contour currently operates paging systems in 13 cities of Shandong province and is the second largest paging network in the province with over 375,000 subscribers. While Contour is successful and well established in Shandong province, the partnership with BeijingCo offers many advantages. Firstly, this co-operation allows Contour to expand into other provinces in China to provide both traditional paging and two-way wireless messaging services. Secondly, BeijingCo has agreed to provide immediate funds required for the initial deployment of a two-way wireless messaging system in Jinan; capital city of Shandong with a population of six million people. Thirdly, BeijingCo's VoIP licence will enable Contour to extend its telecommunications operations and broaden its revenue base by including long-distance calling services. There is now an increasing demand for VoIP in China as this alternative offers substantial savings when compared to long-distance calling carried through regular telephone lines. BeijingCo is a very influential company with strong government backing in China and financial support from major international companies. It is in the process of establishing numerous agreements throughout China that will make it an extremely powerful telecommunications company. Senior management will be leaving for China for meetings with its paging joint venture partner to discuss details pertaining to the new activities. Further news will be announced on management's return from China. This week, company personnel in Beijing submitted additional information on the Internet data centre (IDC) project to Jitong Telecommunications Ltd., operator of a commercial Internet backbone network in China. Management plans to deliver the final presentation of the IDC project to Jitong's senior officials in June after management's return from the China Telecom 2000 conference in Washington.