China Tel Group, Inc. (OTCQB:CHTL) reached up 12.64% in morning trading to $.2478 with 3M shares traded. ChinaTel acquires spectrum assets through acquisition or joint venture relationships, and provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers. ChinaTel currently focuses on emerging markets where internet penetration rate is low relative to the capacity of incumbent operators to provide comparable cutting edge services, and/or where the entry cost to acquire spectrum is low relative to projected subscribers. ChinaTel currently has project operations in People’s Republic of China and Peru. Additional target markets include countries in Latin America, the Caribbean, Southeast Asia and Eastern Europe. ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, and China Tel Group, Inc. (“ChinaTel”) (OTCQB:CHTL) announced last week they have signed a contract for ZTE to supply ChinaTel with infrastructure equipment for the nine city wireless broadband network ChinaTel is deploying in the Fujian province. The value of equipment for the first two cities is $9.57 million. The parties have agreed on component pricing for future equipment in the other seven cities, which will be ordered upon completion of engineering work to determine final equipment needs. The parties will also enter into a separate contract for ZTE to provide professional services including network planning and optimization and equipment installation for all nine cities.
Quantum Bit Induction Technology, Inc. (PINK:QBII) reached up 86% in morning trading to $.0651 with 3M shares traded. Quantum Bit Induction Technology, Inc. is a Houston-based technology developer of Fusion, Wireless Power Transmission and Negative Group Delay, specifically how to render those technologies commercially viable. Quantum Bit Induction Technology, Inc. (Pinksheets:QBII - News) announces the development of their fusion technologies and the possible future applications of successful fusion devices. The most exciting application of fusion is that, with the proper mechanics, vehicles can travel many more miles per gallon of water than they do per gallon of gasoline. Developing the right kind of supporting machinery along with sustainable fusion devices could revolutionize the automobile industry, lessen dependence on foreign oil dramatically, and help minimize the impact we are having on our environment.
eMax Holdings Corp. (PINK:EMXC) reached up 16.67% in morning trading to $.0007 with 60M shares traded. eMax Worldwide, Inc. is a diversified investment holding company acquiring and growing family and morally valued multimedia, entertainment, communication, broadcasting, high-end technologies, and real estate , energy and finance industries through two corporations. eMax Holdings Corp. (Pinksheets:EMXC - News), recently renamed eMax Worldwide, Inc., announces recent updates.1. The company has formed the new partly held subsidiary, New Unified Corp. 2. New Unified Corp has signed a purchase contract to acquire two separate farming properties and operations in the Southeast. 3. New Unified Corp is in the process of constructing hydroponic and aquaponic growing systems on both farms. 4. eMax Worldwide has formed a new division, eMax Energy, and eMax Energy is currently negotiating to acquire several oil drilling business operations in the USA. 5. New Unified Corp's operating company and business activities this year will justify the hiring of at least 25 new employees in the US within the next two months. 6. eMax Worldwide through its subsidiary New Unified Corp and the partly held company eMax Media Group are both on aggressive growth plans. Both companies are currently increasing their revenues, hiring new employees, and producing American Products. 7. eMax Worldwide released unaudited financials for year 2010. The current book value of the company's common stock is $.02 per share. 8. The company has begun buying their common stock back out of the open market and will continue to buy common stock until the stock reaches at least $.50 per share value. 9. eMax Worldwide Inc. recently filed a Form 15 with the SEC and that filing is being rescinded by the company.
LightPath Technologies, Inc. (NASDAQ:LPTH) reached up 43.80% in morning trading to $1.97 with 550K shares traded. LightPath manufactures optical products including precision molded aspheric optics, GRADIUM® glass products, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath Technologies, Inc. (NASDAQ:LPTH - News) announced today that it has continued the expansion of its direct selling channels in China as part of its strategy to deliver high volumes of aspheric lenses and laser delivery systems to Asian manufacturers of optical equipment. Based on the adoption rate of aspheric lenses in multiple market segments in China, the market for aspheric lenses in Asia is expected to top $280 Million by the end of 2011. LightPath's molded aspheric lenses provide cost savings over traditional high volume spherical doublet and triplet lenses without sacrificing performance.
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