Telecom Communications, Inc. (OTCBB: TCOM)
BEIJING, April 10 /Xinhua-PRNewswire-FirstCall/ — Telecom Communications, Inc. (OTC Bulletin Board: TCOM – News), the Total Solutions Provider, announced today that its subsidiary, MyStarU.com online education net sales the exclusive license to a master franchisee- Tianjin Vocational Education Group (”TVEG”) in Tianjin, the third largest city in China.
Under the agreement, TVEG pays mystaru.com a license fee of $200,000 in one time offer. TVEG has right sales licenses to unlimited franchisees inside of Tianjin city, each franchise license sales will pay to mystaru.com a franchise fee of $20,000 in one time offer. In addition, mystaru.com will receive a royalty fee of $5 per user monthly.
TVEG plans total sales of 20 franchisees in 2007. Total about 20,000 vocational students use their online education programs. Based on forecasts, mystaru.com will generate revenue of $600,000 licenses fee plus $100,000 monthly royalty fee.
About Telecom Communications, Inc.
Telecom Communications, Inc. (TCOM) is a Total Solutions Provider that offers Integrated Communications Network Solutions and Internet Content Service in universal voice, video, data web and mobile communications for interactive media applications, technology and content leaders in interactive multimedia communications. It develops, markets and sells a universal media software solution for enterprise-wide deployment of integrated voice, video, data web and mobile communications and media applications. Telecom Communications, Inc. does business in Asia via its wholly owned subsidiaries, Alpha Century Holdings Ltd., IC Star MMS, Ltd. ( http://www.skyestar.com ), Guangzhou TCOM Computer Technology Limited ( http://www.mystaru.com ) and majority owned subsidiary Subaye.com, Inc. ( http://www.subaye.com ).
Safe Harbor
The statements made in this release constitute “forward-looking” statements, usually containing the words “believe,” “estimate,” “project,” “expect,” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company’s products in the marketplace, competitive factors and other risks detailed in the Company’s periodic report Filings with the Securities and Exchange Commission. By making these forward- looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For more information, please contact:
Ms. Sandy Tang
Telecom Communications, Inc.
Tel: +852-2782-0983
Email: pr@tcom8266.com
Source: Telecom Communications, Inc.
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