Bruno
22 years ago
osun Communications Limited, Inc. and Nokia Enter Into Direct Retail
Partnership Agreement
Business Editors
LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 2001--
Company Officially Becomes the First Licensed Retail Chain of
Telecommunications Stores in China That is Licensed by Nokia
Gosun Communications Limited, Inc. (OTCBB:GOSN)
(www.gosuncommunications.com) is proud to report it has formally
entered into a direct retail partnership agreement with Nokia, making
Gosun Communications Limited, Inc. the first licensed Nokia retail
chain of telecommunications stores in China.
Management strongly believes that its partnership with Nokia will
significantly reduce the cost of its sales and will further strengthen
its position of domination in the telecommunications sector in China.
Yi-Biao Chen, Chairman of Gosun Communications Limited, Inc.,
commented, "We are proud to have Nokia as our partner and expect this
special relationship to translate into further continued growth and
positive earnings in the coming year."
For the quarter ended March 31, 2001, the Company had revenues of
US$10,171,306. For the quarter ended June 30, 2001, the Company had
revenues of US$13,332,938. For the quarter ended September 30, 2001,
the Company had revenues of US$25,069,711.
About the Company
The principal activities of the Company and its subsidiaries are
the retail sale and distribution of telecommunication equipment
including cellular phones, pagers, cellular phone smart cards and
value-refill smart cards, and acting as an agent of cellular and
paging services providers.
The Company is a primary agent of an affiliate, Guangdong Gosun
Communication Development Company Limited ("GGCD"), a paging service
provider in the PRC and a licensed primary agent of China Mobile
Communications Corporation, one of two exclusive cellular
communications providers in the PRC. As of September 30, 2001, the
Company has 20 directly owned chain stores operating in the PRC.
Additional information about the Company can be found at its
Web site, www.gosuncommunications.com.
Statements made in this news release concerning predictions of
performance and the company's plans and objectives are not historic
facts and constitute forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such statements involve important risks and uncertainties
that may cause results to differ materially from those set forth in
this news release. All forward-looking statements are subject to the
successful completion of actions described in the news release.
Readers should carefully review the company and publicly available
filings thoroughly with their registered investment advisor or
registered broker.
--30--WAM/la* KB/la
CONTACT: de Jong & Associates (for Gosun Communications)
Ron de Jong, 877/943-9065
www.dejong.org
Bruno
22 years ago
Gosun Communications Limited Inc. Reports Record Third Quarter Revenue of
US$25,000,000
LOS ANGELES, Nov 20, 2001 (BUSINESS WIRE) -- Gosun Communications Limited Inc.
(OTCBB:GOSN) (www.gosuncommunications.com) today announced the filing of its
Form 10-QSB with the Securities and Exchange Commission on Nov. 19, 2001, for
the three-month period ended Sept. 30, 2001.
Total revenue for the three-month period ended Sept. 30, 2001, increased by
US$21.4 million or 588.2% to US$25 million, compared with US$3.6 million for the
three-month period ended Sept. 30, 2000. The increase in total revenue was
primarily the result of the company's continuous effort on promoting the
corporate image in its respective industry as well as strategies to the opening
of larger retail stores for attracting customers. For the three-month period
ended Sept. 30, 2001, the company has three major sources of revenue, namely
from selling cellular phones and pagers, selling smart cards and acting as a
licensed primary agent for cellular communication providers in the People's
Republic of China. Of the total revenue of US$25.0 million for the three-month
period ended Sept. 30, 2001, 25.0% was generated from the sales of cellular
phones and pagers; 73.0% from the sales of smart cards and 2.0% from agency
service. Compared with the total revenue of US$3.6 million for the three-month
period ended Sept. 30, 2000, 87.1% was generated from the sales of cellular
phones and pagers; none from the sales of smart cards; and 12.9% from agency
service.
As of Sept. 30, 2001, there were 17 stores in the Guangdong Province that
generated a total of US$24.5 million in total revenue and three stores in
Shanghai that generated a total of US$517,000 in total revenue. During the
three-month period ended Sept. 30, 2001, the company has closed down several
underperforming stores and opened stores in better location and bigger in size
in the Guangdong Province. There was one additional store opened during the
three-month period ended Sept. 30, 2001. The management believes that the
company's strategy to open relatively larger stores will continue. The
management further believes that this strategy can capture the economy of scale
and can provide a variety of choices for consumers to choose from.
Yi-Biao Chen, chairman of Gosun Communications Limited Inc., commented, "We
anticipate continued growth and positive earnings in the coming year".
About the Company
The principal activities of the company and its subsidiaries are the retail sale
and distribution of telecommunication equipment including cellular phones,
pagers, cellular phone smart cards and value-refill smart cards, and acting as
an agent of cellular and paging services providers.
The company is a primary agent of an affiliate, Guangdong Gosun Communication
Development Company Limited ("GGCD"), a paging service provider in the PRC and a
licensed primary agent of China Mobile Communications Corp., one of two
exclusive cellular communications providers in the PRC. As of Sept. 30, 2001,
the company has 20 directly owned chain stores operating in the PRC.
Additional information about the company can be found at its Web site
www.gosuncommunications.com.
Statements made in this news release concerning predictions of performance and
the company's plans and objectives are not historic facts and constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements involve
important risks and uncertainties that may cause results to differ materially
from those set forth in this news release. All forward-looking statements are
subject to the successful completion of actions described in the news release.
Readers should carefully review the company and publicly available filings
thoroughly with their registered investment advisor or registered broker.
CONTACT: de Jong & Associates (for Gosun Communications)
Ron de Jong, 877/943-9065
www.dejong.org
Bruno
23 years ago
Gosun Communications Limited, Inc. Ranked as China Unicom Limited's Number One Agent in Obtaining New Customer Subscriptions for China Unicom Limited's GSM130 Services
Company Appointed Super Grade ``A'' Agent of China Unicom Limited
LOS ANGELES--(BUSINESS WIRE)--Oct. 11, 2001-- Gosun Communications Limited, Inc. (OTCBB:GOSN - news) is proud to report that it is now ranked as China Unicom Limited's number one agent in obtaining new customer subscriptions for China Unicom Limited's GSM130 services (China Unicom Limited is China's second largest cellular telephone service provider).
The Company now generates approximately 5,000 new customer subscriptions to China Unicom Limited's GSM130 services per month. Further, the Company receives approximately Ten Dollars from China Unicom Limited for each such subscription. Management of the Company believes that this arrangement with China Unicom Limited will significantly increase revenue and improve the Company's net income for 2001 and will further strengthen its corporate image as a dominant retail chain network in the People's Republic of China.
Additionally, the Company is proud to report that it has been appointed Super Grade ``A'' Agent of the Guangzhou branch of China Unicom Limited. Pursuant to this appointment, the Company was bestowed with the honor of building and managing the first telecommunications products specialty store for China Unicom Limited in Guangzhou City, the capital city of Guangdong Province. Management also believes that its Super Grade ``A'' Agent Status with China Unicom Limited and its arrangement with China Unicom Limited regarding its first telecommunications products specialty store will increase the Company's revenue stream and, at the same time, further strengthen its corporate image as a dominant retail chain network in the People's Republic of China.
ABOUT THE COMPANY
Gosun Communications Limited, Inc. is the retail arm of the Gosun Communication Group, one of the better known privately controlled corporations in the field of telecommunications in China, founded in 1992 and employing in excess of 1,800 people. Gosun is incorporated in the state of Texas and headquartered in Guangzhou, a fast growing city of 10 million inhabitants in Guangdong Province, South China.
The principal business of the Company is focused on the retail sale and distribution of telecommunication equipment and related products. It also acts as an agent of cellular and paging services providers throughout China. The Company is a licensed primary agent of China Mobile Communications Corporation, one of the two exclusive cellular communications providers in the People's Republic of China. The Company's significant product suppliers include Nokia, Motorola, Alcatel, Siemens and Samsung, to name a few.
Employing approximately 450 staff, Gosun is the largest seller and distributor of telecommunications equipment in Guangzhou City, with more than 25% market share generated through 20 directly owned chain stores in Guangdong Province. There are 4 additional chain stores in Shanghai and within 2 years, Gosun plans to expand on its business model by creating 80 more stores in the largest Chinese cities.
For the quarter ended March 31, 2001, the Company had revenues of US$10,171,306 and for the quarter ended June 30, 2001, the Company had revenues of US$13,332,938. Revenues for the quarter ended September 30, 2001 are expected to be approximately US$17,500,000. Additional information about the Company can be found at its website www.gosuncommunications.com.
Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker.
--------------------------------------------------------------------------------
Contact:
de Jong & Associates (for Gosun Communications)
Ron de Jong, 877/943-9065
www.dejong.org
Bruno
23 years ago
Gosun Communications Limited Inc. Becomes Grade 'A' Agent of China Mobile Communications Corporation
LOS ANGELES--(BUSINESS WIRE)--Oct. 4, 2001--Gosun Communications Limited Inc. (OTCBB:GOSN - news):
Company Anticipates 30,000 New Cellular Telephone Service Subscription Customers During Second Half of 2001 Company Expects to Sell 30,000 Pre-Paid Cellular Telephone Service Debit Cards During Second Half of 2001
Gosun Communications Limited Inc. (OTCBB:GOSN - news) proudly reports that it has been designated as a Grade ``A' Agent of the Guangzhou branch of China Mobile Communications Corporation, China's largest cellular telephone service provider.
As a result of this designation, the Company will receive from China Mobile Communications Corporation 3.8% of both the total subscription fee and the total monthly air-time consumption fee for the first nine months of service of each new customer of the Company beginning July 31, 2001. These amounts are in addition to the initial subscription fee of $10 that is received by the Company from each customer who enters into a monthly cellular telephone service subscription plan.
Management of the Company believes that this arrangement with China Mobile Communications Corporation will significantly increase revenue and improve the Company's net income for 2001 and will further strengthen its corporate image as a dominant retail chain network in the Peoples Republic of China. Management anticipates that during the second half of 2001, at least 30,000 new customers will enter into monthly cellular telephone service subscription plans with the Company.
In addition to the 30,000 new customers that are expected to enter into monthly cellular telephone service subscription plans with the Company, management anticipates that it will sell approximately 30,000 pre-paid cellular telephone service debit cards to other customers during the second half of 2001. The Company receives approximately $3 for each pre-paid cellular telephone service debit card it sells. Management believes that this program will also increase revenue and improve the Company's net income for 2001.
About the Company
Gosun Communications Limited Inc. is the retail arm of the Gosun Communication Group, one of the better known privately controlled corporations in the field of telecommunications in China, founded in 1992 and employing in excess of 1,800 people. Gosun is incorporated in the state of Texas and headquartered in Guangzhou, a fast growing city of 10 million inhabitants in Guangdong Province, South China.
The principal business of the Company is focused on the retail sale and distribution of telecommunication equipment and related products. It also acts as an agent of cellular and paging services providers throughout China. The Company is a licensed primary agent of China Mobile Communications Corporation, one of the two exclusive cellular communications providers in the Peoples Republic of China. The Company's significant product suppliers include Nokia, Motorola, Alcatel, Siemens and Samsung to name a few.
Employing approximately 450 staff, Gosun is the largest seller and distributor of telecommunications equipment in Guangzhou City, with more than 25% market share generated through 20 directly owned chain stores in Guangdong Province. There are 4 additional chain stores in Shanghai and within 2 years, Gosun plans to expand on its business model by creating 80 more stores in the largest Chinese cities.
For the quarter ended March 31, 2001, the Company had revenues of US$10,171,306 and for the quarter ended June 30, 2001, the Company had revenues of US$13,332,938. Revenues for the quarter ended Sept. 30, 2001, are expected to be approximately US$17,500,000.
Additional information about the Company can be found at its website www.gosuncommunications.com.
Statements made in this news release concerning predictions of performance and the Company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the Company and publicly available filings thoroughly with their registered investment advisor or registered broker.
--------------------------------------------------------------------------------
Contact:
de Jong & Associates (for Gosun Communications)
Ron de Jong, 877/943-9065
www.dejong.org
Bruno
23 years ago
Gosun Communications Limited, Inc. Enters Into Agreement with Nokia to be Only Retail Chain of Telecommunications Stores in China Licensed by Nokia
Company Projects Third Consecutive Quarter of +30% Increase in Sales Revenue; Company Expands Operations to Include Additional Information Technology Products
LOS ANGELES--(BUSINESS WIRE)--Sept. 24, 2001-- Gosun Communications Limited, Inc. (OTCBB:GOSN - news) reports that after months of negotiations with Nokia, it has been named as the only licensed Nokia retail chain of telecommunications stores in China on a trial basis. Management strongly believes that its relationship with Nokia will significantly reduce the cost of its sales and will further strengthen its position of domination in the telecommunications sector in China. As a result of its relationship with Nokia, management anticipates a 35% increase in sales revenue for its third quarter, as compared with its second quarter revenues of over US$13,000,000 dollars.
Additionally, Gosun Communications Limited, Inc. recently expanded its operations to include a variety of additional information technology products to its sales line. Management expects that these information technology products, which include computers, peripherals, PDA's and MP3's, will contribute a significant amount of sales revenue in the coming months.
ABOUT THE COMPANY
Gosun Communications Limited, Inc. is the retail arm of the Gosun Communication Group, one of the better known privately controlled corporations in the field of telecommunications in China, founded in 1992 and employing in excess of 1,800 people. Gosun is incorporated in the state of Texas and headquartered in Guangzhou, a fast growing city of 10 million inhabitants in Guangdong Province, South China.
The principal business of the Company is focused on the retail sale and distribution of telecommunication equipment and related products. It also acts as an agent of cellular and paging services providers throughout China. The Company is a licensed primary agent of China Mobile Communications Corporation, one of the two exclusive cellular communications providers in the Peoples Republic of China. The Company's significant product suppliers include Nokia, Motorola, Alcatel, Siemens and Samsung to name a few.
Employing approximately 450 staff, Gosun is the largest seller and distributor of telecommunications equipment in Guangzhou City, with more than 25% market share generated through 20 directly owned chain stores in Guangdong Province. There are 4 additional chain stores in Shanghai and within 2 years, Gosun plans to expand on its business model by creating 80 more stores in the largest Chinese cities.
For the quarter ended March 31, 2001, the Company had revenues of US$10,171,306 and for the quarter ended June 30, 2001, the Company had revenues of US$13,332,938. Revenues for the quarter ended September 30, 2001 are expected to be approximately US$17,500,000.
Additional information about the Company can be found at its website www.gosuncommunications.com
Statements made in this news release concerning predictions of performance and the company's plans and objectives are not historic facts and constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve important risks and uncertainties that may cause results to differ materially from those set forth in this news release. All forward-looking statements are subject to the successful completion of actions described in the news release. Readers should carefully review the company and publicly available filings thoroughly with their registered investment advisor or registered broker.
--------------------------------------------------------------------------------
Contact:
de Jong & Associates (for Gosun Communications)
Ron de Jong, 877/943-9065
Bruno
23 years ago
January 29, 2001
HOLMES MICROSYSTEMS INC (HOMM.OB)
form 8-K
Item 2. Acquisition or Disposition of Assets.
The information set forth above under "Item 1. Changes in Control of Registrant" is incorporated herein by reference.
As described in Item 1 above, pursuant to the Exchange Agreement, the Registrant acquired all of the issued and outstanding equity interest of Gosun. In consideration therefor, the Registrant issued to the Gosun Shareholders fifteen million seven hundred nine thousand one hundred thirty (15,709,130) shares of the Registrant's common stock. The consideration for the acquisition of Gosun was negotiated on an arms length basis.
Gosun is a company organized under the laws of the People's Republic of China and is engaged in the operation of a retail chain selling cellular phones and related products in the People's Republic of China.
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