Austin, TX 10/1/2007 8:37:47 PM
News / Business

Speak with other shareholders about: (OTCBB: GZGT), (OTCBB: GSHO) and (OTCBB: SRLM) .

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Guangzhou Global Telecom Inc. (OTCBB: GZGT) is currently trading at 0.92 per share up 17.92% on 507,039 volume while 511 trades have been placed. On Thursday September 27th Guangzhou Global Telecom Inc. announced that the company has successfully set up a retail branch in Beijing, the capital of China. The Beijing branch will be offering wireless products and providing value-added technology services. A local company, Beijing Lihe Jiahua Technology and Trading Company ("Lihe"), is willing to engage in a joint venture with Guangzhou Global Telecom, and the company plans to acquire 60% of Lihe at the cost of RMB1.5 million. Lihe is the agent of several companies which are operating internet games. Lihe is also the agent of China Unicom and intends to cooperate with Net Telecom and China Mobile. Lihe's un-audited revenue in 2006 is around 50 million RMB with 4 million RMB of gross profit. Beijing, as host city of the Olympic Games in 2008, is the political center of China. It has advantages in both economics and travel, with a population of 17 million, 5.1 million of which is floating. According to statistics, the coverage of mobile users in Beijing was over 100% last year. Ms. Li Yankuan, the CEO of the Company stated, "The setup of the Beijing branch is a crucial step in the integration of our business throughout China. As the capital of China, Beijing is the most developed city in Northern China. Accordingly, we have targeted the city as the most significant place for us to expand our business."

 

Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre- paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in China. GTL plans to introduce new software and services through an expanded network of regional and neighborhood service centers, shops and virtual stores.

 

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General Steel Holdings, Inc. (OTCBB: GSHO) is currently trading at 8.14 per share up 16.04% on 197,536 volume while 207 trades have been placed. On Friday September 28th General Steel Holdings, Inc. China's a leading non- state owned steel products producer, was notified that its application for listing on the American Stock Exchange has been approved. The trading of GSHO's common stock is expected to begin October 3, 2007, under the trading symbol GSI. The Company's common stock will continue trading on the Over-The- Counter Bulletin Board System under the symbol ''GSHO'' until the move is complete. This approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards. ''General Steel is very pleased to take this step and be listed on the American Stock Exchange,'' said YU Zuosheng, chairman and chief executive officer. ''This is a significant milestone for this company, our employees and our shareholders. We are committed as ever to continue our rapid expansion and growth and to achieve the goal of becoming a world level player soon in the steel industry.''

 

General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 3 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including reinforced bar (rebar), hot-rolled carbon and silicon sheet and spiral-weld pipe. The Company has steel operations in Shaanxi province (central China), Inner Mongolia province (northwest China) and Tianjin municipality (northeast China).

 

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Sterling Mining Company (OTCBB: SRLM) (Frankfurt: SMX) is currently trading at 3.90 per share up 3.1% on 275,958 volume while 149 trades have been placed. On Friday September 28th Sterling Mining Company reported that its Sunshine Mine milling and concentrating facility is operational and has commenced processing Sunshine vein ore from the Mine's Upper Country development. Ore stockpiled from approximately 300 feet of drifting on a new portion of the Sunshine vein between historic Polaris and Sunshine Mine workings is being processed through the facility. This ore, accessed from the new Sterling Tunnel, was exposed during exploration cross-cutting in June and July. Sampling by Sterling's geologists indicates a vein grade of 33.7 ounces per ton silver over an average of 0.9 feet true vein width over the entire length of the exploration drift. A second cross-cut is being excavated to the west that will allow for drifting on an additional 400 feet of the vein structure. Drifting has also commenced in the Polaris cross-cut 1,000 feet to the east which is accessed by rail from the Silver Summit Tunnel. The mill is currently using the # 3 ball mill to process ore while renovation of the # 1 and # 2 ball mills is being completed prior to forecasted resumption of production in December. A new conveyor system has been installed at the Jewell Shaft that allows introduction of Upper Country ores directly into the mill coarse ore bin. "Having the mill once more operational achieves one of the key milestones in the process of returning the Sunshine mine to sustained production," said Sterling's General Manager, Mike McLean. "The mill crew has done a remarkable job in this effort. We are now able to process new upper country ore in batches of several hundred tons at a time." The last remaining key milestone is rehabilitation of the Silver Summit shaft. So far, the shaft repair crew has completed work on and above the top shaft station and approximately 200 feet vertically down the shaft since re-commissioning the hoist on September 10th. Once rehabilitation of the Silver Summit shaft is complete to the 3000 level, the Mine's secondary escapeway, required by federal law, will be back in place. At that time, crews will restore utilities, re-establish repair shops, and move diesel-powered mining equipment underground. Returning the Sunshine Mine to sustained production is forecasted for December with ore production from 3100 and 2700 level mining areas.

 

Sterling Mining controls the Sunshine Mine, currently forecasted to begin production in December 2007, and related exploration lands in the prolific Silver Valley of northern Idaho. The Company also holds several silver properties in Mexico, including the Barones Tailings Project in the Zacatecas Silver District.

 

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