TCOM Announces Six Months Operating Statistics for the Period Ended March 31, 2006
Tuesday May 9, 12:13 pm ET
HONG KONG, May 9 /Xinhua-PRNewswire/ -- Telecom Communications, Inc. (OTC Bulletin Board: TCOM - News) the Total Solutions Provider, announced operating statistics for first half-year ended March 31, 2006.
Revenues increased $4,883,215 or 141% due primarily to: Revenues recorded at $8,347,375 for the six month period ended March 31, 2006 compared to $3,464,160 for the same period ended March 31, 2005. Revenues for the period ended March 31, 2006 were generated from the fixed monthly income by providing clients our products namely Total Solutions, SEO4Mobile and IBS V4.1.
Net income was up 287.3% to $2,643,977 for the six-month period ended March 31, 2006 compared to $682,746 for same period ended March 31, 2005.
"Our first half-year 2006 results include strong performance in total solutions product lines and IBS v4.1 SMEs sales," said Tim Chen, 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 2nd quarter 2006 financial results within five business days.
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: +852-782-0983
Email: pr@tcom8266.com |
