GSLO: Yosion Weighs Joint Venture With China Mobile, GSLO Poised to Benefit
November 02 2010 - 9:15AM
Business Wire
GoSolarUSA (Pink Sheets: GSLO) announced today that its
affiliate Yosion is negotiating a potential joint venture with
China Mobile (NYSE: CHL), the world’s largest mobile network
operator.
The possible joint venture would involve Yosion and China Mobile
setting up a wholesale company that could provide the
telecommunications giant with Yosion’s revolutionary ApplePeel 520
product. GoSolarUSA signed a profit sharing agreement with Yosion
last month that entitles GSLO to a portion of Yosion’s net profits
worldwide, including China.
A state-owned enterprise, China Mobile is the most valuable
mobile telecommunications company in the world and is listed on the
NYSE and Hong Kong Stock Exchange. The company has dominated
Chinese mobile services since its incorporation in 2000, enjoying a
customer base of more than half a billion users and a 70-percent
market share. Sales of the ApplePeel 520 could potentially help the
telecom giant lure more customers on to its new 3G network, which
boasts a mere 15.3 million subscribers.
“China Mobile has more subscribers than any other wireless
provider in the world,” said GSLO President and CEO Tyson Rohde.
“The fact that the globe’s biggest player in mobile
telecommunications is interested in this product is an undeniable
testament to the potential of the ApplePeel 520.”
Currently, GoSolarUSA is busy readying the ApplePeel 520 for
U.S. consumers, the world’s largest market for iPod accessories.
Representatives from Micro Center and other national electronics
retailers have already contacted Rohde to inquire about the
device’s availability. The company signed an exclusive North
American distribution agreement with Yosion in October. The
gadget’s interface, packaging, and branding will be tailored to
suit the needs of American retailers.
Rohde returned from China last month with 100 demonstration
models of the groundbreaking device earmarked for distribution to
U.S. retail buyers and media outlets.
“It’s our hope that these 100 ApplePeel 520s will serve as the
accessory’s formal introduction to the American market,” Rohde
said. “You only get one shot at a first impression, so we’re taking
care to ensure that this amazing technology blows everyone
away.”
The ApplePeel 520 is a case that fits over Apple’s iPod Touch
media player and adds the ability to make voice calls and send text
messages, mimicking the functionality of Apple’s more expensive
iPhone. The device interfaces electronically with the Touch,
turning the powerful media player into a cutting-edge
smartphone.
GoSolarUSA is dedicated to aggressively acquiring, developing
and marketing promising and potentially profitable technology. The
Apple Peel 520 is a product of Yosion Technologies based in
Shenzhen, China. The iPod Touch and the iPhone are products of
Apple Inc., (NASDAQ: AAPL) which compete in the global smartphone
market against Google’s (NASDAQ:GOOG) Android devices and the
Research in Motion (NASDAQ:RIMM) BlackBerry line.
For more information, please visit www.GoSolarUSA.com.
About GoSolarUSA, Inc.
GoSolarUSA primarily identifies and develops new solar energy
technologies in the United States. We believe this not only creates
high-quality jobs in America, but it ensures the quality and
availability of our products. GSLO is endeavoring to advance clean
American solar technology to compete in an energy industry that
includes stalwarts such as First Solar. GoSolarUSA is a US
registered and reporting OTCQB market tiercompany.
Safe Harbor Statement under the Private Securities Litigation
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information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
“should,” “plans,” "believes," "expects," “aims,” "anticipates" or
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past success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set
forth above and the company assumes no responsibility to update the
information included herein for events occurring after the date
hereof.
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