ChinaTel Group Successfully Launches Broadband Wireless Internet Access Network in Beijing for CECT-Chinacomm Communications Ltd.Ticker Symbol: U:CHTL
IRVINE, CA -- (MARKET WIRE) -- 07/09/08
media.marketwire.com/attachments/200805/...051205&sourceType=1
ChinaTel Group, Inc. (OTCBB: CHTL) ("ChinaTel," "CHTL" or the "Company") announced today that it has completed the installation of the first phase of an Internet wireless network in Beijing. The wireless network is live and provides Internet access services across approximately100 square kilometers of metropolitan Beijing, including the 2nd Ring, 3rd Ring, CBD Commercial Zone, Financial District, Zhong-Guan Village, Wangjing Economy-Technology Development Zone, Xuanwuchun Village and Yizhuang,
ChinaTel Group acquired telecommunication engineering and construction firm Trussnet USA, Inc. in May, 2008. As previously disclosed with the US Securities and Exchange Commission Form 8K, Trussnet is a party to contracts with CECT-Chinacomm Communications Ltd., a licensed Chinese telecommunications provider, that provide for Trussnet to engineer and install a next generation wireless Internet access network that brings high-speed wireless broadband services to mainland Chinese residents, businesses and government agencies. The contracts provide for Trussnet as the exclusive contractor for the twenty-nine city China infrastructure project.
The proposed network, being constructed by the Trussnet subsidiary of ChinaTel Group, is a WiMAX and Mesh Wi-Fi network. Wireless broadband services will be provided on the 3.5 GHz radio frequency spectrum that the Chinese government has granted use to Chinacomm for its WiMAX broadband services.
WiMAX has significant worldwide support of the global tier-one telecommunication providers, including Sprint, British Telecom, AT&T, Deutsche Telecom, Clearwire and Qwest, among many others, who are all members of the WiMAX Forum, a leading WiMAX industry trade group.
China is currently ranked as one of the largest internet markets in the world and telecommunications analysts estimate demand for internet access has grown by 37% per annum over the past five years.
About ChinaTel Group Inc. (OTCBB: CHTL)
ChinaTel Group Inc. owns Trussnet USA, Inc. ('Trussnet'), a telecommunications infrastructure engineering and construction firm with principal operations in mainland China and that has entered into a partnership with a Wholly Owned Foreign Enterprise (WOFE) in the Peoples Republic of China to build and deploy a 3.5GHz wireless broadband system in up to 29 cities across the PRC with and for CECT-Chinacomm Communications Co., Ltd. For more information visit www.chinatelgroup.com .
Per: ChinaTel Group Inc.
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George Alvarez, CEO
Notice regarding forward-looking statements
This news release may contain forward-looking statements or information. Forward-looking statements or information include statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's current or future plans and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to publicly release revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
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IRVINE, CA -- (MARKET WIRE) -- 07/09/08
media.marketwire.com/attachments/200805/...051205&sourceType=1
ChinaTel Group, Inc. (OTCBB: CHTL) ("ChinaTel," "CHTL" or the "Company") announced today that it has completed the installation of the first phase of an Internet wireless network in Beijing. The wireless network is live and provides Internet access services across approximately100 square kilometers of metropolitan Beijing, including the 2nd Ring, 3rd Ring, CBD Commercial Zone, Financial District, Zhong-Guan Village, Wangjing Economy-Technology Development Zone, Xuanwuchun Village and Yizhuang,
ChinaTel Group acquired telecommunication engineering and construction firm Trussnet USA, Inc. in May, 2008. As previously disclosed with the US Securities and Exchange Commission Form 8K, Trussnet is a party to contracts with CECT-Chinacomm Communications Ltd., a licensed Chinese telecommunications provider, that provide for Trussnet to engineer and install a next generation wireless Internet access network that brings high-speed wireless broadband services to mainland Chinese residents, businesses and government agencies. The contracts provide for Trussnet as the exclusive contractor for the twenty-nine city China infrastructure project.
The proposed network, being constructed by the Trussnet subsidiary of ChinaTel Group, is a WiMAX and Mesh Wi-Fi network. Wireless broadband services will be provided on the 3.5 GHz radio frequency spectrum that the Chinese government has granted use to Chinacomm for its WiMAX broadband services.
WiMAX has significant worldwide support of the global tier-one telecommunication providers, including Sprint, British Telecom, AT&T, Deutsche Telecom, Clearwire and Qwest, among many others, who are all members of the WiMAX Forum, a leading WiMAX industry trade group.
China is currently ranked as one of the largest internet markets in the world and telecommunications analysts estimate demand for internet access has grown by 37% per annum over the past five years.
About ChinaTel Group Inc. (OTCBB: CHTL)
ChinaTel Group Inc. owns Trussnet USA, Inc. ('Trussnet'), a telecommunications infrastructure engineering and construction firm with principal operations in mainland China and that has entered into a partnership with a Wholly Owned Foreign Enterprise (WOFE) in the Peoples Republic of China to build and deploy a 3.5GHz wireless broadband system in up to 29 cities across the PRC with and for CECT-Chinacomm Communications Co., Ltd. For more information visit www.chinatelgroup.com .
Per: ChinaTel Group Inc.
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George Alvarez, CEO
Notice regarding forward-looking statements
This news release may contain forward-looking statements or information. Forward-looking statements or information include statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's current or future plans and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to publicly release revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
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Contact Information:
Boundary Point Investor Relations, Inc.
Tel. +1-888-820-1982
Email Contact
