China Teletech Added a New Sales Channel with Global Travelnet
HONG KONG -- December 10, 2012
China Teletech Holding, Inc. (OTCBB: CNCT) (the “Company”, “CNCT”) announced
today that it has signed a memorandum of understanding with Global Travelnet
Guangzhou Limited on Dec 1, 2012 for cross-selling collaboration to sell
CNCT’s pre-paid calling cards through Global Travelnet’s online stores and to
sell Global Travelnet’s travel products through the magazine stalls under
contract with CNCT.
Global Travelnet is a leading specialized online travel agency in China and it
is one of the largest travel distributors on Taobao.com, China’s largest
online shopping platform, in the Hong Kong and Macau travel section. Global
Travelnet’s main website is www.elvyou.com and its online store at Taobao.com,
quhk.taobao.com, is a five-crown rated store and top seller at Taobao.com with
a very high feedback rating in customer satisfaction and reliability. Global
Travelnet, offering over 500 products which include hotel rooms, theme park
admission tickets and transportation vouchers, has a customer database of more
than 200,000 with a 15% repeat customer purchase in daily turnover.
About China Teletech Holding, Inc.
The primary business of China Teletech is the sale of pre-paid calling cards
and integrated mobile phone handsets and the provision for mobile handset
value-added services mainly in Guangzhou City of the People's Republic of
China. The Company, while being committed to mobile communications services,
is also involved in other sectors such as the mobile telecommunications
business cards marketing, research and development of telecommunications
software technology and investment projects. Major partners of the Company
include China Mobile, China Telecom and China Unicom.
Safe Harbor Statement
Statements made in this press release are forward-looking and are made
pursuant to the safe harbor provisions of the Securities Litigation Reform Act
of 1995. Such statements involve risks and uncertainties that may cause actual
results to differ materially from those set forth in these statements. The
economic, competitive, governmental, technological and other factors
identified in the Company's filings with the Securities and Exchange
Commission, may cause actual results or events to differ materially from those
described in the forward looking statements in this press release. The Company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether because of new information, future events, or otherwise.
China Teletech Holding, Inc.
Ms. Li Yankuan, (852) 9716 0185
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