Telecom Communications, Inc. (OTCBB: TCOM)
BEIJING, April 24 /Xinhua-PRNewswire-FirstCall/ — Telecom Communications, Inc. (OTC Bulletin Board: TCOM.OB – News), the Total Solutions Provider, announced today that its subsidiary, MyStarU.com online education net, has sold the exclusive license to a master franchisee — Hunan Culture Artist Training Center (”HCAT”) in Hunan province China.
HCAT pays MyStarU.com a license fee of $200,000 in one time offer, and has rights to sell licenses to unlimited franchisees inside of Hunan province. HCAT plans total sales of 30 franchisees in 2007. A total of about 30,000 vocational students use their online education programs. Based on forecasts, MyStarU.com will generate revenue of $800,000 in license fees plus $150,000 in monthly royalty fees.
About MyStarU.com
MyStarU.com — The online vocational education business wholly owned by Telecom Communications, Inc. (TCOM). MyStarU (http://www.mystaru.com) is a website dedicated to performing arts education.
MyStarU.com, which charges users a monthly fee of US$20 for each end-user, is in co-operation with SOHU.com (http://yule.sohu.com/s2006/bogeboqjhhx/) for promotion and marketing services. MyStarU.com is also working with a main talent management firm and production companies in Hong Kong, China, to adapt their platforms specifically to suit the unique needs of the artists’ talent market.
Recently, MyStarU.com has successfully launched a franchise program and sold a master franchise license in Tianjin China. The first master franchisee plans total sales of 20 franchisees in 2007. About 20,000 vocational students use their online education programs. Based on forecasts, MyStarU.com will generate revenue of $600,000 in licensing fees plus $100,000 in monthly royalty fees.
TCOM’s online vocational education business forecasts revenue of $12 million generated from sales of 10 master franchise licenses by MyStarU.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. Shirley Li
Telecom Communications, Inc.
Email: IR@tcom8266.com
Source: Telecom Communications, Inc.
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