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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 (24)	10/12/2000 4:57:42 AM
From: Robert Dydo	Respond to of 26

Concept finalizes service agreement with Sun Concept Wireless Inc CEU Shares issued 7,663,964 2000-10-10 close $0.81 Wednesday Oct 11 2000 News Release Mr. William Jung reports Concept Wireless has finalized a service agreement with Sun Microsystems for Sun to provide its technical expertise and Internet technology platform for the company's Internet data centre projects in China. Management will meet with Sun's representatives in Hong Kong next Monday for the signing of the agreement. Internet data centres The company has signed a memorandum with a major Chinese Internet and communications company to jointly establish an Internet data centre (IDC) in Beijing and is in the process of finalizing a second IDC project for the city of Guangzhou in the southern province of Guangdong next to Hong Kong. With Sun's technical backing secured, management will push forward with both its IDC projects in Beijing and in Southern China. Paging/two-way wireless messaging/voice-over IP/Internet service provider services The company holds an interest in a paging joint venture (Contour) that operates paging systems in 13 major cities located throughout Shandong province. It has in excess of 400,000 subscribers and is the second-largest paging network in the province. Earlier this year, Contour reached an agreement to secure licences to provide two-way wireless messaging, voice-over IP (VoIP) and ISP services. This partnership will allow Contour to expand its paging business to include two-way wireless messaging and to broaden its revenue base by diversifying into ISP services and VoIP for long-distance telephone services via the Internet. The two-way wireless messaging system planned for Jinan, capital city of Shandong province, will be the first such system for the province. A decision on the equipment and the format of the two-way system has been narrowed down between California-based GWCom and Ericsson's Mobitex system. The company expects to launch the ISP and VoIP services following the deployment of the two-way wireless messaging system. Financing plans Management returned last week after a successful week of meetings with government officials and touring of Contour's paging operations in three cities with a representative of a brokerage firm from Eastern Canada. Plans are for management to meet with the senior officials of the firm in Toronto, Ont., to discuss a potential financing. The meeting is scheduled toward the end of October as management is leaving for China tomorrow for meetings in Jinan and then to Hong Kong for the signing of the agreement with Sun. WARNING: The company relies on litigation protection for "forward-looking" statements.