Guangzhou Global Telecom Opens Beijing Branch

Guangzhou Global Telecom Opens Beijing Branch

September 27, 2007

    GUANGZHOU, China, Sept. 27 /Xinhua-PRNewswire/ --
Guangzhou Global Telecom Inc. (OTC Bulletin Board: GZGT), a
mobile phone handset and pre-paid calling card distributor
and mobile handset value-added services provider in the
PRC, announced today that the company has successfully set
up a retail branch in Beijing, the capital of China. The
Beijing branch will be offering wireless products and
providing value-added technology services. A local company,
Beijing Lihe Jiahua Technology and Trading Company
("Lihe"), is willing to engage in a joint venture
with Guangzhou Global Telecom, and the company plans to
acquire 60% of Lihe at the cost of RMB1.5 million. Lihe is
the agent of several companies which are operating internet
games. Lihe is also the agent of China Unicom and intends to
cooperate with Net Telecom and China Mobile. Lihe's
un-audited revenue in 2006 is around 50 million RMB with 4
million RMB of gross profit.

    Beijing, as host city of the Olympic Games in 2008, is
the political center of China. It has advantages in both
economics and travel, with a population of 17 million, 5.1
million of which is floating. According to statistics, the
coverage of mobile users in Beijing was over 100% last
year.

    Ms. Li Yankuan, the CEO of the Company stated,
"The setup of the Beijing branch is a crucial step in
the integration of our business throughout China.  As the
capital of China, Beijing is the most developed city in
Northern China.  Accordingly, we have targeted the city as
the most significant place for us to expand our
business." 

    About Guangzhou Global Telecom 

    Guangzhou Global Telecom, Inc. is a national mobile
phone handset and pre-paid calling card distributor and
provider of mobile handset value-added services.
Maintaining cooperative relationships with China Telecom,
China Mobile and China Unicom, the Company seeks to become
the largest sales and distribution center of mobile phones,
mobile phone parts and prepaid mobile phone cards in China.
GTL plans to introduce new software and services through an
expanded network of regional and neighborhood service
centers, shops and virtual stores. For details, please
visit our website at http://www.guangzhouglobaltelecom.com
.

    Safe Harbor Statement 

    Certain of the statements made in the press release
constitute 
forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
statements can be identified by the use of forward-looking
terminology such as "believe,"
"expect," "may," "will,"
"should," "project," "plan,"
"seek," "intend," or
"anticipate" or the negative thereof or
comparable terminology. Such statements typically involve
risks and uncertainties and may include financial
projections or information regarding our future plans,
objectives or performance. Actual results could differ
materially from the expectations reflected in such
forward-looking statements as a result of a variety of
factors, including the risks associated with the effect of
changing economic conditions in The People's Republic of
China, variations in cash flow, reliance on collaborative
retail partners and on new product development, variations
in new product development, risks associated with rapid
technological change, and the potential of introduced or
undetected flaws and defects in products, and other risk
factors detailed in reports filed with the Securities and
Exchange Commission from time to time. 

    For more information, please contact:

     Steven Bigley
     Aero Financial, Inc.
     Tel:   [phone]
     Email: [e-mail]