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Telestone Technologies Corp. (NASDAQ:TSTC)

Stock symbol: TSTC……………..……….….…..…..………….……… Ave volume (3 mos) 121,000
Stock price 10/14/09: $8.90…………..……..….…………….…………….Common shares: 10.4mm
52 week Range: $.63 to $8.95….…..…………..……………Equity market capitalization: $92.6mm

Recent News…..Stock Price & Chart…..SEC Filings

MARKET

With an estimated 680mm cellhone users, China is already the world’s largest mobile market.  It has more Internet users, 380mm, than the US has people

“Businesses and telecom companies in China are trying to build up their infrastructure to keep up with the growing demand for their services,” according to Stephen Minton, an analyst with IDC

SUMMARY COMMENTS

Well managed company with a track record of consistent profitability (see below)

Healthy 2.2 to 1 current ratio, no long term debt

Favorable valuation metrics

In a growth market

BUSINESS

• Provides integrated wireless coverage solutions to the largest wireless network operators in China through a national sales and services network.
• Directly involved with the major Mobile Carriers, China Mobile, China Unicom , China Telecom and China Netcom in the deployment of 3G technology
• Can be considered a pure play in the 3G area within China.

INCOME STATEMENT SUMMARY

With valuation ratios

Address: Floor 6 Saiou Plaza No 5 Haiying Road, Fengtai Technology Park, Beijing,  100070

China
Telephone: 86 10 8367 0505 Fax: 86 10 6372 0038
CEO: Han Daqing
Web Site: http://www.telestone.com/english/index.asp

State or other jurisdiction of incorporation or organization: DE
Transfer Agent: Corporate Stock Transfer
Investor contact: Peter Selzberg, Hayden IR, Tel: +1-212-946-2849, Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

MANAGEMENT

Han Daqing, Director, President & CEO, Chairman of the Board

Han Daqinghas served as President, Chairman of the Board of Directors and a member of the Board of Directors since August 23, 2004. Mr. Han has served as a member of the Board of Directors of Telestone since its inception in October, 1997 and as Chief Executive Officer since January, 2002. Prior to assuming his Chief Executive Officer duties with Telestone, from 1996 to 2002, Mr. Han was the Chief Representative of the Beijing Office of Allgon Systems AB, an international telecommunications conglomerate. Mr. Han holds a Bachelors degree in computer Engineering and a Masters degree in Digital Communication Engineering, both from the Xidian University of Electronic Science & Technology. In addition, Mr. Han holds a Masters of Business Administration from CITY University.

Liu Dongping, Chief Financial Officer

Liu Dongping has served as Chief Financial Officer since August 23, 2004.Prior to assuming his Chief Financial Officer duties with us, from 2001 to 2003, Mr. Liu was the Director of the Guarantee Service Department, the Manager of the Risk Control Department and a Project Manager for Shenzhen Qixin Credit Guarantee Co., Ltd. From 1998 to 2001, Mr. Liu was the Manager of the Financial Department of Shenzhen 3-Nine Auto Development Co., Ltd. Mr. Liu studied Auditing at the Economics School of Wuhan University.

Wang Jianjun, Vice President

Wang Jianjun has served as Vice President since November of 2001. Prior to assuming his Vice President duties with Telestone, from 1997 to 2001, Mr. Wang was a Technology Representative for LPG Allgon Co. in its Beijing Office. Mr. Wang holds a Bachelors degree in Communication Engineering and a Masters degree in Communication and Electronic Systems, both from Xidian University of Electronic Science & Technology.

BOARD OF DIRECTORS

Han Daqing

Director, President & CEO, Chairman of the Board (see above)

Chen Xuefeng

Chen Xuefeng has served as a member of the Board of Directors since December 15, 2004. Mr. Chen graduated from Xi'an Electric Science University, Computer Science Division. After graduation, Mr. Chen joined Shanxi Business Administration University as an assistant professor. In 1992, Mr. Chen founded XI'an Sun Technologies Development Co. Ltd. and has served as a director of that company since its inception. Under his supervision and direction, Xi'an Sun Technologies Development Co., Ltd. has added six more computer parts and components chain stores. Mr. Chen is responsible for the development of marketing strategies and the establishment of sales networks. Mr. Chen has experience in retail, marketing, sales strategies planning and new product development.

Zhu Lian

Zhu Lianhas served as a member of the Board of Directors since August 23, 2004. Mr. Zhu is a director and the Deputy General Manager of Tianjin-Golik-The First Steel Wire Rope Co., Ltd., where he is responsible for finance and accounting functions. Prior to taking that position, Mr. Zhu was the Chief Financial Officer of various large public companies including Sparkice E-Commerce Ltd. (2001-2002); Beijing Sanitary Ware, Ltd. (2000-2001); and Eagle Brand Holding Ltd. (2000). Mr. Zhu holds a Bachelors degree in Mechanics and a Masters degree in Mechanics from Tsing Hua University. In addition, Mr. Zhu holds a Masters of Business Administration from the University of Illinois-Chicago and a Masters Degree in Accounting from the University of Illinois-Chicago.

Lian Renguang

Lian Renguang graduated with a bachelor degree in Telecommunication Engineering from Beijing University of Posts and Telecommunications. From 1985 to 1996, Mr. Lian was a vice director of Jin Nan Telecommunication Bureau. From 1996 until the present, Mr. Lian was a general manger of Pan-pacific Telecommunication Company Limited, which was a wholly-owned subsidiary of Shandong Guolian Telecommunication Technology Limited and was acquired by Telestone Technologies Corp on July 5, 2007.

Cheng Guanghui

Cheng Guanghui holds a Bachelors Degree from Tsinghua University. Currently, Mr. Cheng is Director of China Quality Management Association for Electronics Industry. From 1998 to 2004, Mr. Cheng worked as Director of The General Office of Ministry of Information Industry of the People’s Republic of China. From 1993 to 1998, Mr. Cheng was Director of The General Office of Ministry of Electronics Industry of the People’s Republic of China.

IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information.

DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated up eighty five hundred dollars for preparation and posting of this report and other advertising services. This constitutes a conflict of interest as to ID’s ability to remain objective in its communication regarding the subject company. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 11693 San Vicente Blvd., #350, Los Angeles, CA 90049. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC's EDGAR page.

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