NEW YORK, Feb. 10, 2006 (PRIMEZONE) -- Orsus Xelent Technologies, Inc, (Frankfurt:OX5) a designer and manufacturer of mobile phones, announced today that the Company has been approved to begin trading on the Third Segment of the Frankfurt Stock Exchange. The Company's common stock will begin trading under the symbol "OX5".
Orsus Xelent has listed its stock on the Frankfurt Exchange in order to broaden the Company's shareholder base and increase the Company's profile with both individual and institutional investors in Germany and across Europe. The Frankfurt Stock Exchange represents an ideal venue for the Company to gain investor awareness in a marketplace that is traditionally more sophisticated in its adoption and understanding of technology and innovation.
Orsus Xelent Technologies' President & CEO, Wang Xin, commented, "We are working to increase the visibility of our corporation within the German and European investment communities. Europe represents a key international audience and we are excited to provide its investors with greater exposure and easier access to our Company's stock. Becoming listed on the Frankfurt Exchange should facilitate German investment and increase the overall liquidity of our company."
The Frankfurt Stock Exchange is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. For more information on the Frankfurt Stock Exchange, please visit www.exchange.de.
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: http://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.