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Telestone Engages QC CPA Group LLC as New Independent Auditor

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BEIJING, July 13 /PRNewswire-Asia-FirstCall/ -- Telestone TechnologiesCorporation ("Telestone") (Nasdaq: TSTC), a leading developer and provider ofwireless communication coverage solutions in the People's Republic of China,today announced that it has engaged QC CPA Group, LLC as its new independentregistered public accounting firm, effective July 9, 2009. QC CPA Group, LLCreplaces Mazars CPA Limited ("Mazars"), which resigned on July 8 2009.

The decision to use the new independent registered public accounting firmwas recommended, authorized, and approved by the Company's Board of Directors.Telestone reports that there are no disagreements with Mazars CPA Limited onany matter of accounting principles or practices, financial statementdisclosure, or auditing scope or procedure from the time of the initialengagement to its resignation, including the Company's most recent fiscal yearand the subsequent interim periods through July 8 2009.

Mr.
Han Daqing, CEO of Telestone Technologies Corporation commented: "Weare glad to cooperate with QC CPA Group, LLC. We believe that QC CPA Group,LLC can provide us with high-level and professional service. We had a nicecooperation with Mazars CPA Limited and we look forward to having a pleasantcooperation with QC CPA Group, LLC in the future."

About Telestone Technologies Corporation

Telestone provides wireless communications coverage solutions primarily inthe PRC. These solutions include products such as repeaters, antennas andradio accessories. Telestone also provides services that include projectdesign, project management, installation, maintenance and other after-salesservices.

Safe Harbor Statement

Statements about Telestone's future expectations, including future revenueand earnings and all other statements in this press release, other thanhistorical facts, are "forward-looking" statements and are made pursuant tothe safe harbor provisions of the Private Securities Litigation Reform Act of1995. Such forward-looking statements involve risks and uncertainties and aresubject to change at any time. The Telestone's actual results could differmaterially from expected results. In reflecting subsequent events orcircumstances, Telestone undertakes no obligation to update forward-lookingstatements.

For further information please contact: Telestone Technologies Corporation Dan Shang Tel: +86-10-8367-0088 x1233 Email: zongbushangdan@telestone.com Jean Wen Tel: +86-10-8367-0088 x1232 Email: wenjing@telestone.com

SOURCE Telestone Technologies Corporation

 

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