(1888PressRelease)
June 29, 2007 - CHINA FINANCE CENTRE, the New York based multimedia and trade exposition center expanding business ties between China and the United States, has announced that it has increased its SAQ Ratings of CHINA GRENTECH ADS (NasdaqGM:GRRF) . The SAQ Ratings are set by editors of China Business Watch, the CFC publication that regularly performance of China based companies.
GrenTech had reported last Friday that it won the bid to supply coverage equipment for China Mobile Limited's Olympic WLAN network and signed a supply framework agreement with China Mobile Group.
GrenTech is a leading radio frequency ("RF") technology developer and a leading provider of wireless coverage products and services to telecommunication operators in China. The cmpany uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas, such as buildings, highways, railways, tunnels and remote regions.
The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of China Finance Centre that monitors the performance of over 300 stocks of companies with operations in China. The SAQ Report tracks and rates the stocks against a matrix of comparative performance factors, including fundamentals, technical analysis, liquidity, safety, regulatory compliance and timely filings, shareholder relations, and U.S. Trading Market Qualifications. The SAQ rates company performance on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and updated daily in CBW Daily Ratings Alert service.
The ratings and publications can be found at the CFC Web Portal- www.chinafc.net.
