Unilavan indications MOU to procure China Dragon Telecom
SAN FRANCISCO, CA--(Marketcord- 12/07/09) - Unilavan organization (Unilava) (OTC.BB:UNLA - News), a professionalvider of numerous communication facilitieswith a missidirectly to improve everyday communication practices for business and home customers, announced today thon the corporate has executed a Memorandum of Understanding (MOU) to procure 80% interest in China Dragon Telecom (CDT). The transaction is predicted to be paid in a aggregateof money and stock. finishing touchof the transaction is subject to satisfactory due diligence and ultimateapproval by the Unilava Board of Directors and CDT executive members. The negotiation and execution of definitive agreements, regulatory approval and other customary conditions is predicted to be completed in early 2010.
Headquartered in Hong Kong SAR, CDT is a comprehensive global telecommunication provider, offering knowledgecommunications, mobile internet Cheap Tiffany Online, voice, value-added and contact center facilitiesthrough its backbone transmission and WiMax network in China's key cities, this type ofs Beijing, Guangzhou and Shanghai. CDT has multiple licenses to operatetelecommunication facilitiesincluding IPVPN, ISP, ICP Tiffany Sets, M-SMS, etc. the corporate has a professionalprietary cross-border cable from China to Hong Kong with 2.5G bandwidth with IPLG/IP-service, in addition to independent IDC facility rooms in diffehiremajor metropolitan cities in China (Shenzhen, Guangzhou, Shanghai and Dongguan). the corporate has existing long-term strategic relationships with major telecommunication companies, including China Telecom, China Netcom and China Motion.
"we're thinking concerning the professionalspect of this acquisition, as this is aligned with Unilava's fundamental process of enhancing our global presence through acquisition so we will be able to satisfy our business and home customers' evolving telecommunication needs. the purchase reflects Unilava's strong commitment in expanding its skillto offercomprehensive facilitiesto its customers on a globalscale," commented Mr. Baldwin Yung, President and CEO of Unilava.
Mr. Kowkping Li, Chairman of CDT, commented Tiffany Cufflinks, "we're delighted on the professionalspect of joining Unilava whose unparalleled infrastructure and market strategy within the U.S. serves as a huge stepping stone for us towards becoming a part of an international team."
About Unilavan organization
Unilavan organization and that its subsidiaries offera number of communications services, products, and gear dclothethe wishes of small to go intoprise businesses and consumers. the corporate is licensed to offer long distance facilitiesin 41 States and localphone facilitiesin 11 States. Through its carrier-grade microwave wireless broadband that infrastructure and broadband that webaccess partners, the corporate givesmobile and high-definition IP-hosted voice facilitiesto residential, small and medium enterprises. the corporate delivers small businesses a comprehensive and that integrated suite of fee-according toline and mobile advertising and netservices. Headquartered in San Francisco Tiffany Earrings, the corporate has regional offices in Chicago, Seoul, Hong Kong, and Beijing.
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This News Release couldcontain "forward-looking outstatements" inside the meaning of segment27A of the Securities Act of one933 Tiffany Pendants, and segment21E of the Securities ExamendmentAct of one934. Alalthoughthe corporate believes thon the expectancys reflected in such forward-looking outstatements are reasonable, it can give no assurance that such expectations will prove correct.
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