Vtion Wireless Technology AG signs iPhone Distribution Contract with China Unicom

Vtion Wireless Technology AG / Agreement

21.12.2009 

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Vtion to add iPhone to Sales Package

Frankfurt, 21. December 2009. The Vtion Group, one of the three leading
suppliers of wireless data solutions for mobile computer use in China, has
signed an agreement with China Unicom to provide iPhone sales, user
development and after-sales service support throughout Fujian Province - a
large and one of the rapidly developing provinces on China's southeastern
coast. Under the agreement, Vtion will provide package deals of an iPhone,
2G/3G network service and a Vton wireless data card throughout Fujian, as
well as establish 'Vtion iPhone Sales Centers'in Fuzhou, Quanzhou and
Xiamen. The operating model involves co-branding and shows the close manner
in which Vtion is cooperating with regional telecom operator offices to
communally develop the Chinese 3G market.
 
Like AT&T in the US and T-Mobile in Germany, China Unicom is the exclusive
supplier of the iPhone throughout China. Currently, China Unicom boasts 144
million users throughout China. Under the agreement that Vtion and China
Unicom have signed in Fujian province, Vtion has exclusive rights to
distribute its three customized packages: the diamond package, the platinum
voice package and the platinum data package.  All packages include the same
core elements - an iPhone, network service and a Vtion data card for
laptops, with the variation coming in the type of service plan users
choose. Vtion has a long-standing relationship with China Unicom, dating
back to when it was a major supplier of China Unicom's CDMA 1X data cards,
and has been named a 'Top-tier Qualified Supplier' of China Unicom for six
consecutive years.
 
'As a 'Top-tier Qualified Supplier' of China Unicom, they are well
acquainted with Vtion's capabilities, particularly our reputation of
after-sales service support,' comments Vtion CEO Chen Guoping. 'The
development of the 3G networks in China has brought about numerous
opportunities to work in a mutually beneficially manner with the telecom
operators. Our close ties to China Unicom have given us this opportunity to
expand a higher-margin area of our business by matching our core
competencies to an attractive product like the iPhone, in order to develop
this substantial market together with China Unicom,' he continues.

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 EUR 39.2 million and a
net profit of EUR 12.4 million in 2008. 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.

Disclaimer concerning prognoses
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.


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
or visit the company website at: www.vtion.de




21.12.2009  Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Vtion Wireless Technology AG
              Westhafen Plaza 1
              60327 Frankfurt
              Deutschland
Phone:        +49 69 710 456 245
Fax:          +49 69 710 456 248
E-mail:       ir@vtion.de;janina.wismar@kirchhoff.de
Internet:     www.vtion.de
ISIN:         DE000CHEN993
WKN:          CHEN99
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart, Hamburg
 
End of News                                     DGAP News-Service
 
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