Guangzhou Global Telecom Enters into Debt Settlement Agreement
"We appreciate much of the efforts made by our convertible debt holders to settle these debts, which will create a win-win situation. After settling these debts, the Company will be able to focus resources and capacity on ordinary business, and not to worry about the debt repayment pressure from the original debt once we settle these debts before the deadline. In addition, our capital structure will be more healthy, and it will be more feasible to accept additional capital to meet the new business development's requirements," said CEO
About Guangzhou Global Telecom
Guangzhou Global Telecom, Inc. is a national mobile phone handset and pre-paid calling card distributor and provider of mobile handset value-added services. Maintaining cooperative relationships with China Telecom, China Mobile and China Unicom, the Company seeks to become the largest sales and distribution center of mobile phones, mobile phone parts and prepaid mobile phone cards in
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in
For more information, please contact: Judy Chen Phone: +86-20-8317-2821 Email: [email protected]
SOURCE Guangzhou Global Telecom, Inc.
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