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China Wireless Announces Additional Contract With China's Largest Oil Field Exploration and Production Group, CNCP DaGang Oil Field Group Co., Ltd. 2/21/2006
DENVER, Feb 21, 2006 /PRNewswire-FirstCall via COMTEX/ -- China Wireless Communications, Inc., (OTC Bulletin Board: CWLC), is pleased to announce that it has signed an additional contract with the CNCP DaGang Oil Field Group Co., Ltd., China's largest oil field exploration and production company.
Tianjin Create Co., a systems integration company and subsidiary of China Wireless Communications, has signed an additional contract to provide lap-top computer solutions, maintenance, and technical support for CNCP DaGang Oil Field Group Co., Ltd.
CNCP DaGang Oil Field Group Co., Ltd was founded in 1964 and is located in the Bohai Sea south-east of Tianjin. The company consists of 49 branches and 10 subsidiaries serving Russia, The Philippines, Indonesia, Iran, Tunis, Sudan, Venezuela, Qatar, Mexico, Bengal, and Pakistan with assets valued at 900 million USD. It has exploration and development rights in 25 cities throughout Tianjin, HeBei, and Shandong provinces. The company is a "multi-industry company" which includes prospect drill operations and crude oil production. The oil field has control over an area in excess of 18,802 sq. km and has an annual production in excess of 4,350,000 tons of crude. It is the first producer to meet ISO9001 quality standards in China.
Frank Li, President of Create Co. commented, "With this additional contract we continue to develop our ongoing relationship with China's largest oil field exploration and production group. This relationship along with our ongoing relationship with the CNCP DaGang Oil Field Group has enabled Create Co. to enter into very lucrative new markets in the rapidly expanding oil, gas, and petrol chemical industries in China. With the help of China Wireless we will continue to broaden and increase our customer base, thus improving present and future revenues."
Investor Conference Call Thursday, February 23rd at 2pm
China Wireless also would like to reiterate it's plans to hold a conference call on Thursday, February 23, 2006 at 2pm Eastern to review and discuss the new direction of the company and to reveal it's new division. The conference call phone number is (800) 218-0530 for US callers and (303) 275-2170 for international callers. A replay of the conference call will be archived on www.TheAsianInvestor.com where an audio link to the conference call will be provided.
About China Wireless Communications, Inc.
China Wireless Communications, Inc., headquartered in Denver, CO, is focusing its efforts on becoming a premier information technology company in China. The information technology business is developing quickly in China and we are becoming a major player in its development. The company provides business solutions to clients which include systems integration, broadband data services, support for Internet access and Voice over IP in China. Our systems provide redundant high-speed network access connections, and transport services that include IP data, video and ISP services. Another key component to building the company's broad base information technology products and services in China, including computer installation and maintenance, broadband transport service, server installation maintenance and support, internet services, broadband transport redundancy, fixed wireless transport and information hosting.
Forward Looking Statements:
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements". The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
CONTACT: Michael Bowden Chief Operations Officer China Wireless Communications, Inc. info*chinawirelesscommunications.com www.chinawirelesscommunications.com 303.277.9968 Office
SOURCE China Wireless Communications, Inc.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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quote:Originally posted by needthecash: play for today?
i dunno bout u, but im playing this one
-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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got in at .122 , this is starting to look sweet
-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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Damn!!Way to go again Matto. I better stop that, starting to sound like a freakin cheerleader. Thanks again though. SHe is running!!!
Posts: 460 | From: NC | Registered: May 2005
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I got in this stock at 0.025 a month ago, I am going to sell 60% of my holding today at close and than let the rest ride for free.
Posts: 1227 | Registered: Feb 2006
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just a dip for profit taking...it will get back up there...still very early
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions Posts: 599 | From: AmishLand, PA | Registered: Jan 2006
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-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions Posts: 599 | From: AmishLand, PA | Registered: Jan 2006
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RCAnalyst2007, the only problem with your analysis is, this time its different because they just signed with a oil company in China. You know how big that is.
This has leg to go.
Posts: 1227 | Registered: Feb 2006
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But it doesn't really matter to me cause I just sold 70% of my holdings. Bought at 0.025 so I'm happy, Now I'm just going to ride it free all the way to dollars.
Posts: 1227 | Registered: Feb 2006
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