HONG KONG and NEW YORK, Oct. 27, 2008 (GLOBE NEWSWIRE) -- Sino Fibre Communications, Inc. (OTCBB:SFBE), a broadband and value added Internet services provider in China, today announce that its subsidiary, China Business Online Co., Ltd. has signed a strategic alliance agreement with New China Trust Co, Ltd.
Sino Fibre's CEO and President, Daniel McKinney, said, "We are pleased about our strategic alliance agreement with New China Trust Co., Ltd.. New China Trust's strength and contacts in the China market will no doubt add considerable value and depth to our growing business in China."
About New China Trust Co., Ltd:
One of the four Chinese Financing companies licensed by the central government to provide non-banking financing services, which includes but not limited to, business financing, fund raising, mortgage and escrow services, international and domestic company IPO's, and barter trade financing. For more information, please visit: www.nct-china.com
About Sino Fibre Communications Inc.
Sino Fibre Communications, Inc. "Sino Fibre" is an open source company dedicated to provide international standard fiber optic backbone telecommunications transmission related sales and/or leasing services in China to all foreign telecommunications carriers and corporate users. Sino Fibre Communications is positioned to become China's premier provider of low cost fiber optical solutions to international telecommunication companies and large corporations that require Chinese intercity connectivity. Our low cost solutions range from the leasing of intercity dark fiber to providing co-location, broadband transport and IP-centric voice services.
The Sino Fibre Communications Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4102
Statements, which are not historical facts, are forward-looking statements. The Company, through its management makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors which could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.