NEW YORK, NY--(Marketwire - March 17, 2010) - Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview® (EIO®) on ChinaTel Group, Inc. (
Through its majority-owned and controlled subsidiaries, ChinaTel Group, Inc. ("ChinaTel" or "the Company") provides fixed telephony, conventional long distance, high-speed wireless broadband, and telecommunications engineering and construction services. ChinaTel's strategy is to use its infrastructure and emerging market expertise to build Internet protocol (IP)-leveraged solutions worldwide.
Today, there are multiple options for connecting to the Internet, including broadband wireline, Wi-Fi, and dial-up via a telephone connection. However, in rural or developing areas, many of these options are not available, as the installation of wired connections can be costly and Wi-Fi has a limited range. Additionally, dial-up connections are often slow and inadequate for today's desired applications. Proponents of Worldwide Interoperability for Microwave Access (WiMAX) believe WiMAX technology addresses these limitations by providing high-speed broadband connections without the need to lay copper or fiber cabling while offering wireless access at greater ranges than Wi-Fi. At present, ChinaTel is focused on deploying a 3.5 gigahertz (GHz) WiMAX-based network that can serve residents, businesses, and government agencies across 29 cities in the People's Republic of China ("China" or "the PRC").
In March 2009, ChinaTel acquired a 49% interest in Chinacomm Ltd. (Cayman), part of CECT-Chinacomm Communications Co., Ltd., which is believed to be the fourth largest basic telecommunications service (BTS) operator in China. CECT-Chinacomm holds the PRC licenses needed to build the 3.5 GHz wireless broadband system and was recently commissioned to build a network for the Beijing Transport Ministry. ChinaTel also holds 95% of Perusat S.A., a telecommunications company that offers fixed telephony, long distance, and voice over IP (VoIP) services in Peru.
About Crystal Research Associates, LLC
Crystal Research Associates, LLC is an independent research firm that provides institutional-quality, fee-based research to small- and mid-cap companies. Crystal Research Associates' unique and novel product, the Executive Informational Overview® (EIO®), is free of investment ratings, target prices, and forward-looking financial models. The EIO® presents a crystal clear, detailed report on a company (public or private) in a manner that is easily understood by the Wall Street financial community. The EIO® details a company's product/technology/service offerings, market size(s), key intellectual property, leadership, growth strategy, competition, risks, financial statements, key events, and other such fundamental information. Crystal Research Associates has offices in New York City, West Palm Beach, Montréal, and Toronto. Crystal Research Associates has been compensated by the Company in one hundred and ten thousand restricted shares for its services in creating the base report, for updates, and for printing costs.
Forward-Looking Safe Harbor Statement
Statements in this news release regarding future financial and operating results, potential applications of the Company's technology, opportunities for the Company, and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including limited operating history, need for future capital, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports, including forms filed with the SEC.
These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Crystal Research Associates assumes no obligation to update any of the forward-looking statements in this release.
Contact Information:
Contact:
Jeffrey J. Kraws/Karen B. Goldfarb
Crystal Research Associates, LLC
P: (609) 306-2274, F: (609) 395-9339