A&J Venture Capital Group, Inc. (OTC Bulletin Board: AJVE) has entered final negotiations for 51% of Guangzhou Global Telecom, Inc. (OTCBB: GZGT). Guangzhou Global is a distributor of a mobile phone handset, prepaid calling card and provider of value added mobile services in China. The terms of the restructuring would include an $800,000 equity investment in Guangzhou Global Telecom.
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A & J Venture Capital Group, Inc is a development-stage company. As of June 30, 2009, the Company had focused its operations on providing consulting to public companies interested in establishing business contacts in China, and brokering business contracts between business partners in the United States and Europe and business partners in China in fulfillment of its business plan.
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