DENVER, Aug 03, 2005 /PRNewswire-FirstCall via COMTEX/ --
China Wireless Communications, Inc., (OTC Bulletin Board: CWLC), is pleased to announce that it has signed a multi-year contract with the Tianjin Gas Company.
Tianjin Create Co., a systems integration company and subsidiary of China Wireless Communications, signed a multi-year contract designed to provide computing, internet and wireless communications solutions for the Tianjin Gas Company to be used by their departmental support organizations. Tianjin Create Co. will also provide Hardware, Software Support and Wireless Internet services for 3 years.
ANY THOUGHTS?
-------------------- It's only money..We'll make more tomorrow!
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It is a correction for a news back on July, check recent headlines on Yahoo. Looks like gap, but some ultimate experiences with movements like this got into a drop next day. Caution.
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yah, but damn, doesnt look so nice going up that high? lol, good luck to all in this one, im still bitter about not being able to buy this one today cause of "settling" funds.
-------------------- "I sell ice in the winter, i sell fire in hell, I AM A HUSTLA, BABY, i sell water to a well!"
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Tianjin City I'm noy good at reading chinesse but I believe thats the name of the city which would explain both co.'s beginning with that. My opinion only.
-------------------- It's only money..We'll make more tomorrow!
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Is it likely that this thing will be able to raise a couple more cents tomorrow? I would think after that big of a day, it would at least raise a couple pennies. Thanks
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I would say that there is a very likely possibility. For one, the volume surged near the end of the day while the PPS was still high on the day meaning alot of shares are being held at a high price - that should drive the buying level up more. This stock has ran 3 times in the passed year and each run lasted a few days. These type of contracts make the company worth more, so that should increase the base PPS. For the reasons just stated I see this possibly hitting .15, however if it hits a ask wall and sits idel for awhile or if you see ask's lowering to fill bid's then sell at best bid and take the profit. I was tied up in other stocks yesterday, I didn't see this. Wish I would have.
Keep in mind this stock hasn't seen a run like this in one day for the passed couple years. I advise caution, you have got to watch the level 2's today. Free Delayed Level 2 Quotes
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China Wireless Communications, Inc., (CWLC) , is pleased to announce that it has signed a contract with Tianjin Medicine Industry & Biology Technic Company.
Tianjin Create Co., an information technology company and subsidiary of China Wireless Communications, signed a contract to supply desk top computing solutions for the Tianjin Medicine Industry & Biology Technic Company, included in this contract is technical support and maintenance for one year.
Frank Li, President of Create Co. commented, "With this contract, we will open the door for an ongoing relationship with a company which is deeply involved in the medical industry. We believe that Tianjin Create will be able to expand on this contract to continue supplying information technologies and services to the Tianjin Medicine Industry & Biology Technic Company. It is our plan, with the help of China Wireless, to increase our information service offerings to this company resulting in an improvement in short and long term revenues."
Tianjin Medicine Industry & Biology Technic Company is a joint venture between the state government and private industry. Founded in 1998, with revenues in excess of 4.8M USD for calendar year ending 2004, the company employs over 300 staff involved in research, development and manufacturing. With net assets valued at 6M USD and total assets at 12M USD. The company has two manufacturing facilities and a corporate headquarters building.
The company's show case product is the Kangqi Capsule for health protection, which is sold in all drugstores throughout China.
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