BEIJING, Jan. 3 /Xinhua-PRNewswire-FirstCall/ -- P Phone, Inc. (a.k.a. Asia Premium Television Group, Inc.)(Bulletin Board: ATVG)("P Phone"), a China-based marketing and ad sales company, today announced that it has acquired significant assets to enhance its mobile marketing strategy.The Company has entered into an agreement with the China Mobile and Communications Association ("CMCA") and its wholly-controlled affiliate, Union Max Enterprises, Ltd ("Union Max") to obtain rights to operate as a Provincial Class One Full Service Operator in Jiangxi Province. Based in Beijing, CMCA is China's leading association of Telecoms and Telecom-related companies. It is also a key business partner of P Phone.
As part of the same agreement, P Phone has also acquired a 70% stake in Jiangxi Hongcheng Tengyi Telecommunication Company, Ltd ("Jiangxi Hongcheng"), a local reseller of mobile minutes.
"Provincial Class One Full Service Operator" is the Chinese term used to describe a company that does not own its own networking infrastructure, but has the right to provide self-branded mobile services (in this case "P Phone"- branded) using the telecom operator's network [in this case China Mobile (Jiangxi)'s network].
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