Terocelo Inc.
TECHNOCONCEPTS’ SUBSIDIARY ESTABLISHES STRATEGIC MANUFACTURING RELATIONSHIP
TechnoConcepts Inc. / Agreement Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TECHNOCONCEPTS’ SUBSIDIARY ESTABLISHES STRATEGIC MANUFACTURING RELATIONSHIP VAN NUYS, Calif. (Date)--TechnoConcepts, Inc. (OTCBB:TCPS), today announced that its Chinese subsidiary, Jinshilin Techno Ltd. (Jinshilin), has signed a Memorandum of Understanding (MOU) with Changzhou Xingqiu Electronic Co., Ltd. (XINGQIU), a respected manufacturing company that concentrates on the design, sale and production of high–quality communication devices, high-volume electronics, and Audio and Video products. Antonio Turgeon, Chairman and CEO of TechnoConcepts, made the announcement, saying: 'This agreement establishes the framework in which XINGQIU will fabricate Jinshilin’s IPTV Set-Top Box products. XINGQIU will finance and manufacture Jinshilin’s IPTV Set-Top Boxes in accordance with delivery requirements and project specifications provided by Jinshilin’s customers.' Turgeon added: 'We are pleased to enter into this strategic business relationship with XINGQIU. They have decades of product design and manufacturing experience, and they possess the expertise and capacity to deliver Jinshilin’s products in a timely and cost effective manner. Under the terms of the MOU, Jinshilin and XINGQIU plan to co-develop, market, and sell successive generations of Set-Top Boxes.' Jinshilin expects to ship two million Set-Top Boxes by the end of 2009, according to its Cooperation Agreement with Shanghai Forests Information Technology Co. Ltd., subject to project authorization by the Television and Broadcast Bureau of the Henan Province in China. This strategic association with XINGQIU will ensure that shipments are delivered in compliance with project milestones. About Jinshilin Techno Ltd. Jinshilin Techno Ltd. is TechnoConcepts' subsidiary based in Shanghai, China, providing marketing, sales and technical support for True Software Radio(TM) technology in China. Jinshilin also designs and sells products for Internet Television (IPTV), Stream Media Protocol Processing, and Broadcasting Software for IPTV-Set-Top Boxes. Jinshilin expects future generation set-top boxes to will support multi-protocol wireless connectivity with television, DVD players and other multi-media appliances, by integrating TechnoConcepts’ True Software Radio(TM) technology. About Changzhou Xingqiou Electronic Co., Ltd. Changzhou Xingqiu Electronic Co. Ltd. concentrates on the design, sales and production of high–quality communication devices, high-volume commercial electronics, and Audio and Video products . XINGQIU researches and develops hi-tech products to satisfy specific customers’ needs. Their products include GPS, DVD Players, Portable DVD Players, Car DVD Players, Digital DVD Home Theater products, DVD+RWs, TFT TVs, large-screen displays, and others. XINGQIU earned the ISO9001:2000 International Accreditation for their strict and effective quality assurance system. XINGQIOU’s products comply with international authority safety standards, such as America’s UL and European Union’s CE. In the challenging global environment, XINGQIU insists on expanding its markets by focusing on first-class products, reliable quality, cost competency, and superior service. XINGQIU’S DVD products and audio products have been exported to dozens of countries, including U.S.A., Germany, U.K., France,Japan, Italy and Holland. The company is located in City of Changzhou, Jiangsu province, China. About TechnoConcepts TechnoConcepts (OTCBB:TCPS) designs, develops and markets semiconductors for wireless communications. The Company has developed and patented True Software Radio(TM), a proprietary technology that creates convergence for the wireless industry. True Software Radio(TM) chipsets are designed to enable cell phones, PDAs, laptops, and other mobile devices with different radio frequencies, standards, and protocols to adjust by software command so that they can communicate with each other across otherwise incompatible networks, without multiple radios. True Software Radio(TM) chipsets replace the front end, I/F processing, ADC, and digital filtering sections of digital radios. Because the technology simplifies design and reduces component costs, the Company believes that True Software Radio(TM) is an ideal platform for original equipment manufacturers (OEMs) and original design manufacturers (ODMs) to develop new wireless broadband, mobile data, cellular, and other next-generation wireless applications. More information is available at www.technoconcepts.com. Safe Harbor Statement under the Private Litigation Reform Act of 1995 - Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate, among other things to expected financial and operating results, the expected acceptance of the Company's products, the usefulness and benefits of the Company's products generally and the acceptance of the Company's technological solutions and its ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: difficulties providing products that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors, suppliers and customers, difficulty in introducing products in the marketplace and gaining their acceptance, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, the Company's limited operating history, its inexperience in operating internationally and difficulty managing potentially rapid growth. For a more detailed discussion of the risks and uncertainties of TechnoConcepts' business, please refer to the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2005, filed with the U.S. Securities and Exchange Commission and as subsequently amended. The Company assumes no obligation to update any forward-looking statement contained in this press release. Martin E. Janis & Company, Inc. Beverly Jedynak, 312-943-1100 ext. 12 bjedynak@janispr.com DGAP 05.01.2007 ----------------------------------------------------------------------
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