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Investor Relations News

Vtion Wireless Technology AG: Highest single-month sales volume in company history

  • Unit sales March 2010

Frankfurt, 14. April 2010

The Vtion Group, one of the three leading suppliers of wireless data solutions for mobile computer use in China, sold 239,152 wireless data cards in the month of March 2010, at prices consistent with those of the first two months of the year. This is the highest single-month sales volume in company history and represents a sales volume increase of approximately 41% over February 2010 as well as an increase of 336% over March 2009.

"Just as we anticipated, our sales volume rebounded strongly from a holiday-shortened February," states Vtion CEO Chen Guoping. "We have been building our sales volume steadily in the early part of the year. Our selling prices have stayed steady, and have been higher over the first months of 2010 than the final months of 2009," he continues. "We are now moving into a stage in the year where purchasing from the telecom operators is becoming de-centralized and we will see more activity at the provincial level, which has traditionally been a strength for Vtion." As the year continues Vtion intends to maintain and leverage the strong position as a strategic partner of all three Chinese telecom operators, to stay abreast of the 3G emergence in what is essentially the first year of Chinese 3G development.

The Chinese wireless network industry is currently going through a process of market development from second generation networks to network standards of the third mobile phone generation - known as 3G standards. China is the only country in the world with three different 3G wireless standards, the CDMA 2000 EVDO Network operated by China Telecom, the WCDMA Network operated by China Unicom and the TD-SCDMA Network operated by China Mobile. Network rollouts for the latter two networks are still in progress; the Vtion Group is expecting the completion of the establishment of 3G mobile networks to lead to a further increase in demand for wireless data cards in China.

 

About Vtion

The Vtion Group is one of the three leading suppliers of wireless data cards and associated services for the mobile use of computers via broadband wireless networks in the People's Republic of China. The Vtion Group concentrates mainly on the development and sale of wireless data cards, including provision of appropriate after-sales services. The Vtion Group also supplies Internet-based data service solutions. The company has about 150 employees. The Vtion Group generated sales of approx. EUR 68 million and an EBIT of approx. EUR 19 million in 2009. The Vtion Wireless Technology AG shares are being traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993. The company's ticker symbol is V33.

 

For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de

 

Disclaimer concerning forward-looking statements

Certain statements in this communication contain formulations or terms referring to the future or future developments, as well as negations of such formulations or terms, or similar terminology. These are described as forward-looking statements. In addition, all information in this communication regarding planned or future results of business segments, financial classification numbers, developments of the financial situation, or other financial or statistical data contains such forward-looking statements. The company cautions prospective investors not to rely on such forward-looking statements as certain prognoses of actual future events and developments. The company is neither responsible nor liable for these forward-looking statements. It is not responsible for updating such information, which only represents the state of affairs on the day of publication.

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