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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (62641)	9/10/2000 7:35:21 PM
From: Spark	Read Replies (1) \| Respond to of 150070

Jim a little China pennie just had news.. GFX.V quote.yahoo.com Here some quick DD.. Golden Fortune acquires Xianxin Data Broadcast Company of China. This will enabled Golden Fortune to lay the foundation necessary to penetrate the “wireless data networks” sector in China and give Golden Fortune the flexibility to strike business deals with high tech companies interested in making their products and/or services available in China. Golden Fortune successfully installs Petro-Oxy2000 Units in China and signs a letter of intent with Sky Well (Hong Kong) Ltd, to be the master distributor and marketer for Petro-Oxy2000 in China. Golden Fortune's wholly owned subsidiary G.F. Technology & Development Inc, reaches a multi-year exclusive license agreement with 3222641 Canada Inc. for Petro-Oxy 2000. Golden Fortune Incorporates Asia Wireless and Web Technologies Ltd. to consolidate "Project Gateway" and streamline operations. Golden Fortune Investments Limited (GFIL) signed a Joint-Venture Agreement with NORCEL (Nanjing Orient Railway Equipment Co. Ltd.) in the Peoples' Republic of China (PRC) giving GFIL unfettered access to China's vast market of 1.3 billion people. NORCEL holds licenses from the Chinese Central Government for foreign currency and to manufacture, service and market telecommunications and wireless, electronic and data communication throughout China. It is an award winning developer and technology company. Its manufacturing and supply contracts include the China Railway Bureau (Ministry of Railways) and Motorola among others. Golden Fortune and WaveRider Communications Inc. have agreed to enter into a Strategic Alliance which provides assured access to technology, trained technical expertise and the ability to manufacture product under this agreement. China has approved Golden Fortune as a Wireless Internet Service Provider. This positions GFIL and its Chinese partner to become the leading Wireless Internet Service Provider in China. The value of the initial order from China is over US$20 million. Golden Fortune's primary target market is the private networks (government ministries, banks, etc.). The private network market is worth approximately US$1.1 billion. The Chinese Government plans to spend US$90 billion during its Ninth five-year Plan period (1996-2000) on telecommunications and has made updating its backward information networks a priority. The Chinese Central Government announced programs to get at least 80% of local and regional governments (private networks) linked to the Internet by the end of next year, and 80% of Chinese companies by 2001. The South China Morning Post reported that the Chinese Central Government has unveiled plans to launch three national telecommunications operators as part of its bid to break the virtual monopoly of China Telecom. The biggest challenge will come from the Ministry of Railways (China Railway Bureau), which plans to upgrade its existing network and "easily become the second-largest player in China's telecommunications business," Xinhua news agency reported. China's current Internet access is frail and costly. Golden Fortune's Wireless Internet solution--Project Gateway--will provide Wireless Internet access, save money, and circumvent traditional connectivity routes and provide high speed access. China currently has about 2.1 million Internet users. According to an article in Investment.com on April 24, 2000, "6.6 per cent of Chinese will have Internet Access within five years, but even that fraction represent 85 million people."