CTX Virtual Technologies, Inc. Announces Initial $45 Million Order for 200,000 Units of 3G Smart Phones From Major China Communi
04 Ottobre 2010 - 8:15PM
Marketwired
CTX Virtual Technologies, Inc. (PINKSHEETS: CTXV) announced that it
has signed a supply agreement with Beijing Broadcasting Corporation
in co-operation with Beijing Capitel for the purchase of 200,000
units of smart phones with special features for a total of $45
Million USD. The first 20,000 unit release is scheduled for
delivery by the end of 2010. The phone will feature GPS, digital
broadcast, traffic information and other special applications.
In commenting on the supply agreement, Clifford Rhee, CEO of the
Company, stated, "We are pleased to work with a major communication
player in China. Based on the past success with this long-term
client, we have every confidence that the new model will be well
received by the buying public."
"This phone will open up tremendous opportunities for smart
phone application such as remote data terminals to receive
broadcasted contents," said Stephen Lee, Managing Director of
Kaibida International Limited, a wholly owned subsidiary of
CTX.
CTX Virtual Technologies, Inc. CTX Virtual
Technologies, Inc., through its subsidiaries, is a virtual
telecommunications technology company with facilities in the U.S.,
China, Canada, and Korea. For more information about the Company,
please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this
release that are not historical facts contain forward-looking
information that involves risks and uncertainties. All statements,
other than statements of historical facts, which address CTX's
expectations, should be considered as forward looking statements.
Such statements are based on knowledge of the environment in which
CTX currently operates, but because of risks and uncertainties,
actual results may differ materially from the expectations
expressed in the forward-looking statements. Important factors that
may cause actual results to differ from anticipated results
include, but are not limited to our ability to obtain orders and
fill orders on a timely basis, our ability to obtain funding as and
when needed, market acceptance of new products incorporating our
technologies, the success of our product design and research and
development efforts, intense competition, risks of doing business
in China and other foreign markets, our ability to manage growth
and our ability to successfully protect and enforce our
intellectual property rights.
For further information, contact: Corporate: Clifford Rhee CTX
Virtual Technologies, Inc. Tel: (561) 962-2835
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