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Telestone Technologies Corporation Opens Four New Branch Offices
Date:4/27/2010

BEIJING, April 27 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation ("Telestone" or the "Company") (Nasdaq: TSTC), a leading developer of local access networks, products, and provider of engineering services for China's telecommunication market, today announced that it recently opened four new branch offices in Zhejiang, Ningxia, Qinghai and Anhui provinces. As a result of forecasted sales of $10.0 million from new branch offices in these high-growth provinces during 2010, Telestone has revised its previously stated guidance of $108.0 million to $118.0 for the 2010 year.

"Due to the promotion of 3G construction and the advantage of our WFDS(TM) solution, to expand our market share, we must support our sales effort with a local presence in particularly fast-growing provinces like Zhejiang, Ningxia, Qinghai and Anhui," stated Han Daqing, CEO and Chairman of Telestone. "Sales managers in our branch offices identify project opportunities for indoor and outdoor installations of cellular or wireless communication networks in their geographic region. After securing a project opportunity, our engineers design networks consistent with local building codes and building types, which often times differ from province to province. Local expertise is critical for our sales process and network design and is one of our core competitive strengths and value propositions which our customer base demands," Han
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