NEW YORK, Jan. 13, 2005 (PRIMEZONE) -- Telestone Technologies Corporation (OTCBB:TESN), is pleased to announce that it has established branches in 5 provinces and municipality as Shan'Xi, Gansu, Sichuan, Jiangxi and Inner Mongolia in West area on the top of the existing 16 branches. The 5 new branches in the West area have independent operation capacity and are conservatively estimated to realize an additional 20% of overall growth to the company.
At present, infrastructure construction in Western China area is lagging behind that of the littoral provinces; having said that the Chinese government is in the process of promoting a number of initiatives including a series of regulations and policies to encourage the development of West and Inland China. The telecommunication industries within these regions are expected to grow sharply during 2005, and as a result the region should experience continued accelerated growth in the wireless signal connection and wireless signal coverage business.
"At the same time, we are in the process of organizing marketing initiatives in the provinces of Zhejiang, Jiangsu, Anhui, Heilongjiang, Liaoning and Tibet Municipality. The underlying focus of these initiatives is change management of the national wide business management structure and the penetration of key markets in 26 provinces and municipalities. We expect to see results in the near term to increase the company's overall profitability," said Han Daqing Chairman, CEO & President.
About Telestone Technologies Corporation
The company through its subsidiaries is a provider of high-tech, wireless communications coverage solutions in the People's Republic of China. The company principally provides integrated wireless coverage solutions through their national sales and services network to customers in the PRC. The company's wireless coverage solutions business is comprised of research, development and application of wireless communications technology used in a variety of indoor and outdoor environments such as hotels, residential estates, office buildings, airports, exhibition centers, underground stations, highways and tunnels. The company currently has approximately 290 employees.
The company has relocated its executive offices to those of its Beijing operations at Floor 6, Saiou Plaza, No. 5 Haiyang Road, Fengtai Technology Park, Beijing China 100070 and its telephone number is 86-10-83670505. The company website is www.telestonetech.com.
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