Austin, TX 11/1/2007 10:12:58 PM
Speak with other shareholders about: (OTC: CHVC), (OTCBB: FRTW) and (OTCBB: UTVG) .
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China Voice Hld Corp (OTC: CHVC)
China Voice Holding Corp. Wins Contract for Beijing City Police Department Video Conferencing and Monitoring System
BOCA RATON, Fla., Nov 01, 2007 China Voice Holding Corporation (CHVC), announced today that its Chinese Subsidiary, Beijing Techview System Engineering Co. LTD (BTSE) had won a contract to provide a video conferencing and monitoring system for the Beijing City Haidian District Police Department precinct. The primary use of the system is to enable visual and improved communications between department branches due to the bad traffic conditions in Beijing City. The estimated value of the contract is $265,000.
The Beijing City Haidian District Police Department is part of the Beijing Municipal Public Security Bureau, a component of Beijing government, and is responsible for the public security in Beijing. More information may be found at http://www.bjgaj.gov.cn.
Beijing Techview System Engineering Co. LTD (BTSE) is a Value-Added Reseller and Systems Integrator that specializes in network design and installation, integrated wiring construction, network equipment and security systems with its primary focus on providing large video conferencing solutions. The Company's projects include computer and telecommunications network construction, intelligent building construction, product development, network product sales, technical consulting, and information services. In Beijing, the Company is a high level authorized dealer for Cisco Systems, HuiWei, 3Com, Polycom Video products, NEC Monitors and many other IT products. BTSE has built a diligent, experienced and well trained team-many of which are Cisco certified CCNP and CCIE engineers. Some of the Company's customers include: Ning Xia Population Control Bureau, Chong Wen Education Administration, Xing Jiang Military Division, He Bei Province Economic Development Bureau, Qin Zhong Merchant Bank, Chang Sha Navigation Affair Administration Bureau, Jiang Xi Province Education Administration, Qing Dao Hospital, Qing Dao City Navigation Affair Administration Bureau, China Cotton Network, Beijing Engine Manufacturer, Beijing Language School, and the Shang Xi Province School of Chemical Engineering.
China Voice Holding Corp. ("CHVC") is a U.S. public holding company headquartered in South Florida with a portfolio of next-generation communications products and services doing business in the People's Republic of China and the U.S. Through its subsidiaries, the Company provides Voice over Internet Protocol ("VoIP") telephone services, office automation, wireless broadband, unified messaging, video conferencing, mobility services and other advanced voice and data services in China where the Company has obtained full legal status as a licensed telecommunications company. The Chinese telecommunications market is the largest and fastest growing in the world. CHVC's focus is on providing its innovative and patented voice and data solutions to government agencies and large enterprises in China. China Voice Holding Corp. trades Over-the-Counter and is listed in the Pink Sheets under the symbol "CHVC". Upon obtaining audits of prior fiscal years, the Company plans to file with the Securities & Exchange Commission ("SEC") to become a full-reporting company in 2008 at which time it intends to apply for a listing on the NASDAQ or the AMEX. Prior to the filing of periodic reports to the SEC, the Company is providing publicly-available financial statements and other current information at the pinksheets.com website. Additional information may be found at www.chvc.com.
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Franklin Towers Ent (OTCBB: FRTW)
Franklin Towers Enterprises (FRTW) Receives Approval to Commence Full Capacity Operations in Chongqing China Increasing Its Revenue Production Capability to an Estimated $30M Up to 350 Workers to be Hired Immediately
BEIJING, Oct 31, 2007 -- Franklin Towers (OTCBB: FRTW) announced today that after successful completion of a trial period operating at approximately 50 percent capacity, it has now received approval to commence full capacity operations at Qiluo, its Chongqing, China facility. As a result of the newly received approval, FRTW estimates that its revenue production capability will increase to an estimated $30M capturing a larger percentage of the manufacturing output in its region.
FRTW will additionally institute a large scale employment campaign as up to 350 additional workers are needed to facilitate efficient operations at its Chongqing location. Upon the completion of the hiring process, Qiluo will be producing an estimated 600 tons of manufactured silk on an annual basis which solidifies the aforementioned figures of an estimated $30M revenue capability.
"We have anticipated receiving this approval for a lengthy time period, and therefore consider it a monumental benchmark on our ladder of corporate successes. As stated above, we will immediately begin the hiring process to propel Qiluo to its maximum capacity, further elevating our revenue potential and exposure within the industry. We are excited about the future of our organization and thank our recently acquired shareholders for their support," stated Kelly Fan, CEO of Franklin Towers Enterprises, Inc.
Currently, China represents 70 percent of the world's silk export market, with the southwest region representing approximately 20 percent of that entire market. Historically the southwest region (Chongqing Included) has been considered a second grade silk producer predominately due to the inefficiencies of the older processing equipment being utilized. The creation of Qiluo's new facility with modern processing equipment will allow Qiluo to process approximately one third of the regions production, maximizing both output and quality, producing silk that is considered first rate.
Qiluo's initial efforts would produce approximately 20 percent of the production in the Chongqing area. With government support and adequate funding Qiluo plans to continue expanding into the larger southwest region in the near future.
ABOUT FRTW: FRTW, through its wholly owned subsidiary, Chongqing Qiluo Textile Company Ltd ("Qiluo") located in the southwest region of China in the Chongqing Municipality, operates in China's $250 Billion Yuan silk industry co- ordinating the entire silk manufacturing process from sericulture (the raising of silk worms for the production of raw silk), processing, clothing production and exportation of both final and raw products. Recent investments have been made to maximize the silk production/processing potential of Qiluo in attempt to propel its organization to the forefront of the industry.
Over the past several years, Mr. Dingliang Kuang, founder and CEO of Qiluo has worked diligently to break into the silk industry in Chongqing, China. Known in the Chongqing region as one of the major industrialists having received numerous entrepreneurial awards in relation to his food processing plant, Chongqing Xin Sheng Xiang Industrial Development Co. Ltd. (one of the top 50 privately owned enterprises in Chongqing - population approximately 31 million), Mr. Kuang and his team possess the necessary experience and knowledge to maximize the potential of the Qiluo organization.
CHINA'S SILK INDUSTRY: China is the world's largest silk producer. In 2005, it accounted for 74 percent of the global raw silk production and 90 percent of the world export market according to statistics from the Chinese Ministry of Commerce. The annual output value of China's silk industry is to reach 250 Billion Yuan (31.25 Billion U.S. Dollars) in 2010, up 66.7 percent from 2005, according to a plan of the Ministry of Commerce.
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Universal Travel Group (OTCBB: UTVG)
Universal Travel Group Closes Acquisition of Foshan Overseas International Travel Service Co. Ltd.
LOS ANGELES and SHENZHEN, China, Oct 29, 2007 Universal Travel Group, a fast growing travel services provider in China specializing in packaged tours, air ticketing, hotel reservation, and air cargo transportation, announced today that it has completed the acquisition of Foshan Overseas International Travel Service Co. Ltd. for US $6.5 million, of which $3.2 million in cash will be paid over two years time. The remaining $3.3 million will be satisfied by the issuance of 1,122,986 shares of Universal Travel stock.
Established in 1990, Foshan Overseas International Travel Service Co. Ltd. has 11 operating divisions and handles domestic and international travel inquiries as well as corporate travel, offering specialized packages that include national and international air ticket booking, hotel reservations, conference center reservations and rental cars.
Last year the company served more than 120,000 people with packaged tours and conferences, of those clients approximately 40% were corporate clients with 60% of its clientele comprised of individual consumers. For the first nine months of fiscal 2007 corporate to private customer ratios have remained at 40:60.
Foshan reported unaudited sales revenues of $11.9 million in fiscal 2006 with a net income of $930,000. For the first nine months of fiscal 2007, Foshan reported unaudited sales revenues of approximately $10.6 million with a net income of approximately $970,000.
In fiscal 2006 domestic travel accounted for 52% of Foshan's total revenue, whereas international travel accounted for 48%. For the first nine months of fiscal 2007 the domestic travel market contributed 56% of Foshan's total revenue, with 44% from international travel.
Foshan is recognized as a local market leader within the business economic circle of Foshan, Guangdong Province, with the second largest business volume in its territory. For three consecutive years, the company has been recognized as one of the 100 outstanding enterprises of China and in 2004 was voted one of the most credible enterprises in the country by China National Tourism Administration (CNTA), which is directly regulated by the State Council, responsible for developing, promoting and regulating China's tourism industry.
Universal Travel Group's Chairwoman and CEO Jiangping Jiang said, "Following the acquisitions of Xi'an Golden Net and Shanghai Lanbao earlier in the year, Universal Travel Group is once again showing that it is well on its way to establishing itself as a leader in the packaged tours segment of China's tourism industry through acquisitions of local industry leaders in the sector. As UTVG grew from a single air ticketing agency in Southern China to a leading travel service provider specializing in all areas of tourism industry, it has focused primarily on packaged tours as a driver to boost the growth of its air ticketing and hotel reservation business segments while establishing industry credibility and brand recognition.
"Presently, China's tourism market demand is $150 billion, with a projected increase of 10% in the next five years. Universal Travel has a wonderful opportunity to expand in this rapidly growing market. In addition, we believe that the 2008 Beijing Olympics will further boost the overall domestic and international travel in and out of China."
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