Penny Stocks Alert Watch: SMGH
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Article: More on SMGH
Right now in China it's new year!! It's their biggest holiday of the year. That means a potential 1 Billion people could be making phone calls to friends and relatives for New Year Greetings. This could in turn mean huge profits for SMGH because of their payphone network in Beijing. SMGH also provides VoIP services to many business. Make sure SMGH is on your watch list. Do your own research now. SMGH is in a huge sector in China. China's telecom industry is the largest in the world! China's population is well over a billion and is continuing to grow several million a year. SMGH is planning to acquire a company in IT service with at least annual net income of US$3.5 million sometime this year! The overall IT spending in China's telecom industry was estimated at RMB 26.95 billion ($3360.1 million) in 2006, an increase of 10.9% over 2005! SMGH's Beijing GRT is the first one and the only one operator to provide international call forwarding services to outbound travelers in China. According to The World Tourism Organization, China will have more than 100 million outbound travelers in 15 years. The number of Chinese tourists have already surpassed Japan's, to become Asia's biggest nation of tourists! SMGH announced that it's subsidiary, Beijing GRT Information Services Limited ("Beijing GRT") has signed contracts with eight sales agents located at Nanjing, Urumchi, Hangzhou, Zhengzhou, Guangzhou, Chengdu, Chongqing and Jinan to provide International Call Forwarding Services ("ICFS") to outbound travelers. Broadband use in China is growing at about 80% a year and is expected to reach 130 million users by 2010! At the end of December 2007, there were 547.29 million subscribers of mobile communication services in China according to statistics published by China's Ministry of Information. SMGH launched its International Call Forwarding service for mobile phone users in Shanghai city in China from February 2007, and is now planning to roll out this business into other 20 cities in China within two years. SMGH is the first one and currently the only one operator of this kind of business in China! SMGH announced last month that the company is negotiating with China Unicom Group Beijing branch to extend and improve the contract for its PayPhone Business from 2007. When a customer uses the payphone or VoIP phone to make a call, the usage fee is calculated and charged by the number of pulses (one minute intervals) made in accordance with the government fixed tariffs or government guidance tariffs, whichever is applicable. SMGH operates public payphone service, VoIP service and international call forwarding (“ICF”) service in P.R. China through its two subsidiaries: Beijing QTC Information & Services Ltd. (“Beijing QTC”) and Beijing GRT Information Services Ltd. (“Beijing GRT”). SMGH's VoIP solution advantages are that interphones cost nothing and local call fees can be paid for, branches can contact any companies in any countries by IP phone with low expenses, one IP PBX system can be built to transfer video, data, and voice by VoIP technique, staff can contact each other frequently by low conversation expenses. SMGH has fifteen years’ partnership with all telecommunication operators of the country which helps them get the best support for operating. SMGH's management team is made up of seasoned managers and executives with over 15 years of experience and market development capability! More information on SMGH is available at: http://www.smgh.net Recent News: BEIJING, Feb. 5 /Xinhua-PRNewswire-FirstCall/ -- Smooth Global (China) Holdings, Inc. (OTC Bulletin Board: SMGH - News; "Company"), a leader to provide value-added voice telecommunication service in China, announced today that the Company has signed a letter of intent with Beijing Network Education Union Co. Ltd. ("BNEU") to acquire its 100% equity holding in exchange for 14,850,000 shares of common stock of SMGH from the majority shareholders of SMGH with no dilution to the outstanding shares of (OTC Bulletin Board: SMGH - News). |
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