NEW YORK, Dec. 15, 2005 (PRIMEZONE) -- Orsus Xelent Technologies, Inc. (OTCBB:ORXT), a designer and manufacturer of mobile phones, today announced that the Company is experiencing a large increase in demand for its products and services during the fourth quarter of 2005 in comparison to the previous quarter. During the second half of 2005, the Company has focused on enhancing the quality and functionality of its products as well as launching new mobile phones that cater to changing consumer tastes. Additionally, Orsus Xelent has successfully partnered with telecommunication operators to develop new revenue streams. These initiatives have positioned the Company to witness strong fourth quarter demand.
The PRC cellular market is expected to reach $120 billion by year end 2005 and already represents the largest nation in the world regarding mobile phone subscribers with 363 million. Through the introduction of new products with advanced features at low and moderate prices, Orsus Xelent's products are experiencing success in this domestic market. The growth is not only due to the demand of new products launched into market during this quarter, but also the cooperation with a telecommunication operator to participate in the production of CDMA cellular phones. The Company is also actively engaged in the trading activities in the domestic and Hong Kong market.
"We are experiencing very strong demand for our products thus far in the fourth quarter. Orsus Xelent is witnessing increases throughout all revenue channels reaffirming management's outlook of steady and significant revenue growth. Increased demand of our innovative mobile phone designs throughout China and international market expansion are driving forces behind our optimistic outlook for the coming year," commented Wang Xin, President & CEO of Orsus Xelent Technologies.
Heading into 2006, the Company will focus its efforts on developing proprietary GSM phone technology, expanding its cooperation with telecommunication operators and continuing the timely introduction of new products while adopting effective cost control measures.
About Orsus Xelent Technologies, Inc.
Orsus Xelent Technologies, Inc. is a designer of feature-rich mobile phones in the People's Republic of China. These features include 1.8-inch to 2.2-inch TFT dual-color display, 1 to 120 minutes video recording, 300K to 2.0 Mega pixels photography, MP3, MPEG4 and U disk support, dual stereo speakers, multimedia messaging, 40 to 64 polyphonic ring tones, flip-phone technology and innovative lightweight design. For further information, please consult the company's web site: www.orsus-xelent.com.
Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the Securities and Exchange Commission.