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Telestone Technologies Corporation Wins China Mobile Communications Corporation Inner Mongolia Branch’s Wi-Fi Contract with WFDS(TM) Technology

BEIJING , May 4 /PRNewswire-Asia-FirstCall/ — Telestone Technologies
Corporation (Nasdaq: TSTC; “Telestone” or the “Company”), a leading developer
of local access network solutions, products, and engineering services,
announced today it has secured a new project from China Mobile Communications
Corporation's (“CMCC”) Inner Mongolia branch to install a Telestone
Technologies' Wireless Fiber Optic Distribution System (WFDS(TM)) to provide
wi-fi coverage for CMCC customers in five sub-provinces of Inner Mongolia.

Telestone responded to the request for quotations in December 2009 and won
the contract in April 2010 . Telestone will begin preliminary onsite
installations in May 2010 to provide high-speed wi-fi internet access through
five sub-provinces in Inner Mongolia by October 2010 . Telestone estimates the
contract value at $8.0 million , including revenue contributions of
approximately 60% from the sales and installation of Telestone WFDS(TM)
equipment and approximately 40% contract revenues generated by Telestone's
Inner Mongolia branch office's engineering and project design services.

Telestone's WFDS(TM) system is a Unified Local Access Network Solution
(ULAN). The system can provide access service in areas for all information
service networks, including 2G/3G/4G cellular, wi-fi internet, fixed-line
internet, fixed-line phone and TV and other on-site services such as closed
circuit TV and security monitoring.

“WFDS(TM) is a more dynamic solution than other options we considered for
wi-fi coverage,” began Yanxin Zhang , the Director of Network Building
Department of CMCC's Inner Mongolia Branch. “Its wide-band capacity,
multi-signal wireless distribution, cost efficiency, long distance coverage
ability and quick installation are all critical for CMCC to provide wireless
data services in the areas we target for coverage,” Zhang concluded.

“We believe that the clear advantages of our technology continue to gain
momentum with our 'Big 3' customers in China ,” began Chairman and CEO, Daqing
Han
, of Telestone. “Traditional access network technologies such as
booster-antenna systems for wireless, wi-fi, IP internet, and older “twist
wire” for hard-line connections for phone, LAN, RF cable and CATV made access
to remote areas very complex and costly for carriers. Our WFDS(TM) system
provides a solution for carriers to quickly and cost effectively expand
coverage. We anticipate a smooth and quick installation of our system for CMCC
wi-fi customers and to provide similar coverage for other areas in China
throughout the year,” Han concluded.

About Telestone's WFDS(TM) Technology

Telestone's proprietary technology, Wireless Fiber-optics Distribution
System (WFDS(TM)) is a unified local access network technology concept
invented in 2005 to address multi-signal cellular networks, IP access networks
and CATV in China . WFDS(TM) systems and its related hardware components were
approved by all three Chinese telecommunications companies in 2008 and further
approved by the US-FCC in October 2009 . WFDS(TM) technology can deliver all
three cellular signals GSM, WCDMA & CDMA of 2G, WCDMA, CDMA2000&TD-SCDMS of 3G,
LTE of 4G, in additional to wi-fi, direct access broadband, fixed line voice
and Internet Access to Things and CATV though a combination of fiber optic
fixed lines and multi-signal antennae. Telestone can install a WFDS(TM)
network for both indoor and outdoor uses. Telestone Technologies believes that
property owners favor technology solutions which can access all of the
carriers' cellular signals and also be cost effective, scalable, and easy to
install.

About Telestone Technologies Corporation

Telestone is a leading innovator in local access network technologies and
solutions. Telestone is a global company with 30 sales offices throughout
China and a network of international branch offices and sales agents. For more
than 10 years, Telestone has been installing radio-frequency based 1G and 2G
systems throughout China for China's leading telecommunications companies.
After intensive research on the demands of carriers in the 3G age, Telestone
developed its third-generation Unified Local Access Network Technology,
WFDS(TM) (Wireless Fiber-Optics Distribution System), which provides a
scalable, multi-access local access network solution for China's three
cellular protocols. Telestone offers services that include project design,
project manufacturing, installation, maintenance and after-sales support.
Telestone Technologies has approximately 1,200 employees.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the
business of Telestone Technologies Corporation and its subsidiary companies.
Forward looking statements can be identified by the use of forward-looking
terminology such as “believes, expects” or similar expressions. Such forward
looking statements involve known and unknown risks and uncertainties,
including all business uncertainties relating to product development,
marketing, concentration in a single customer, raw material costs, market
acceptance, future capital requirements, competition in general and other
factors that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected. Certain of
these risks and uncertainties are or will be described in greater detail in
our filings with the Securities and Exchange Commission. Telestone
Technologies is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as a
result of new information, future events or otherwise. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such state or
jurisdiction.

    For further information, contact:

    Company:
     Vicente Liu, VP of Finance
     Cell:  +852-6683-6256
     Email: liujingwen@telestone.com

     Feng Dan, Assistant Secretary of the Board
     Tel:   +86-10-8367-0088 x1232
     Cell:  +86-13466413115
     Email: fengdan@telestone.com

    Investor Relations:
     John Mattio
     HC International Inc.
     Tel:   +1-203-616-5144
     Email: john.mattio@hcinternational.net

SOURCE Telestone Technologies Corporation

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