World Mobile Holdings Inc. (WMHI) has received Purchasing Contract.

2009-10-14

World Mobile Holdings Inc. (WMHI) , a U.S. based company in developing Image Transmission Devices (ITD) and various of Solutions Integration, has received the first Purchasing Contract from China Potevio Co., Ltd., one of the largest business group of companies in China. China Potevio Co., Ltd. is going to buy Smart Mobile Phones, MIDs & Eee PCs from WMHI. The first L/C will be at the amount of US$ 500,000, and it is the first part of the General Purchase Agreement of which China Potevio Co., Ltd. has confirmed to allocate US$ 186,000,000 to purchase products from WMHI within the next 3 years. The above-mentioned Purchasing Contract has been established between China Potevio Co., Ltd. & Aglow Communication Corp. Ltd., the wholly owned Hong Kong subsidiary of WMHI. The above-mentioned General Purchase Agreement is now under official signing process of which will be completed within 10 days from now.