Accounts receivables, which has been a huge sore spot, was also addressed in the press release.
- Telestone Technologies Corporation leading developer of local access network solutions, products, and engineering services today reaffirmed its guidance for achieving $70 million in revenues for calendar 2009.
- "The pace of network installations for the nationwide 3G roll-out accelerated significantly during 2009," opened Chairman and CEO, Mr. Han Daqing. "The fourth quarter of 2009 was the largest contributor of our revenue for the year and consistent with our expectations. We are confident in achieving our revenue guidance of $70 million for 2009, which will be a record for our company. We also made further progress during the quarter in collecting long-term receivables from our previous customers who were subsequently absorbed by the remaining "Big 3" Wireless Carrier," Han concluded.
Long Telestone Technologies in fund; no personal position