CHINATEL GROUP INCORPORATED (OTCBB: CHTL)

UHTX

CHINATEL GROUP INCORPORATED (OTCBB: CHTL)
"Up 26.47% on Wednesday"
Detailed Quote: http://www.otcpicks.com/quotes/CHTL.php
China Tel Group, Inc. (ChinaTel), through its controlled subsidiaries, provides fixed line telephone, conventional long distance, high speed wireless broadband and telecommunications infrastructure engineering and construction services. ChinaTel is presently building, deploying and operating wireless broadband telecommunications networks in Asia and South America: (I) a 3.5GHz wireless broadband telecommunications network in 29 cities across the People’s Republic of China (PRC) with and for CECT-Chinacomm Communications Co., Ltd., a PRC company that holds a license to build the high speed wireless broadband telecommunications network throughout the PRC; and (II) a 2.5GHz wireless broadband telecommunications network in cities across Peru with and for Perusat, S.A., a Peruvian company that holds a license to build a high speed wireless broadband telecommunications network throughout Peru. ChinaTel’s vision remains clear: (i) to acquire, build, deploy and operate high speed wireless broadband telecommunications networks in key markets throughout the world; (ii) to deliver a new world of wireless communications applications; and (iii) to invest in building long-lasting relationships with customers and partners to lead the broadband industry in customer service and responsiveness. ChinaTel’s strategy is to build leading-edge IP-leveraged solutions advanced by its worldwide infrastructure and leadership in emerging markets.
CHTL News:
April 15 - ChinaTel Announces Delay in Filing Form 10-K Annual Report
China Tel Group, Inc. (OTCBB: CHTL) (ChinaTel), a leader in high speed wireless broadband and telecommunications infrastructure engineering and construction services, announced the filing of ChinaTel’s 2008 annual report under the Securities Act of 1934 on Form 10-K will be delayed. The failure of ChinaTel to file its Form 10-K by April 15, 2009 will result in an "E" being added to ChinaTel's trading symbol indicating ChinaTel is late on its filings with the Securities and Exchange Commission. The addition of the "E" to the trading symbol of ChinaTel will not affect the quoting of ChinaTel's shares during a thirty day grace period to resolve the delinquency.
ChinaTel fully intends to complete its annual report on Form 10-K and comply with its reporting obligations under the Securities Exchange Act of 1934. ChinaTel believes the audit of its financial results for its fiscal year ending December 31, 2008 and the Form 10-K annual report will be completed and filed within the allowable period to address its delinquent filing status.