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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of March 2000
Qiao Xing Universal Telephone, Inc.
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(Translation of registrant's name into English)
Qiao Xing Building, Wu Shi Industrial Zone
Huizhou City, Guangdong, People's Republic of China
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Qiao Xing Universal Telephone, Inc.
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(Registrant)
Date: March 8, 2000 By: /s/ Rui Lin Wu
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Rui Lin Wu, Chairman
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Mr. Jeff J.F. Feng Dan Matsui/Eugene Heller
Assistant to Chairman Silverman Heller Associates
Qiao Xing Universal Telephone, Inc. 1100 Glendon Avenue, PH-1
Huizhou, Guangdong, P.R.C. Los Angeles, CA 90024-3503
http:\\www.qiaoxing.com Tel: (310) 208-2550
E-mail: [email protected] Fax: (310) 208-0931
------------------------ E-mail: [email protected]
Tel: (011) 86-752-2808-188
Fax: (011) 86-752-2803-101
QIAO XING UNIVERSAL TELEPHONE, INC. FORMS
STRATEGIC ALLIANCE WITH CHINESE SCIENCE AND TECHNOLOGY ACADEMY
TO DEVELOP ELECTRONIC MAPPING TECHNOLOGY
HUIZHOU, CHINA (March 8, 2000) -- Qiao Xing Universal Telephone, Inc. (NASDAQ
NMS: XING) today announced an agreement with the Geography and Resource
Institution (GRI) of the Chinese Science and Technology Academy to jointly
develop: 1) an atlas, or map, of digital networks; and 2) a geographic
information system (GIS) which maps telecommunication networks. GRI is the
leading provider of cartography technologies in China, including GIS for
underground communications networks, electric power transmission lines, and
electronic cartography software.
Under terms of the preliminary agreement, Qiao Xing would provide funding, and
GRI would engage in R&D. The proposed digital network atlas would be offered
through an E-business platform and would utilize space graphics and
high-precision digital effects. The telecommunication network GIS would be
utilized by telecommunications companies to design, build, and manage networks
and transmission lines, including maintenance of call and system operation.
Mr. Riu Lin Wu, Chairman of the Board of Qiao Xing, said: "Qiao Xing would bring
capital resources and valuable telecommunications industry marketing experience.
GRI would provide expertise in GIS research and related software development.
Through this proposed alliance we could offer practical, commercially viable
applications of GIS and network mapping technologies."
In August 1995, Qiao Xing Universal Telephone, Inc. became the first telephone
manufacturer in China to receive the ISO 9001 Quality System Accreditation
award. The Company currently produces 165 models of corded telephones and 25
cordless models. Its sales network is extensive with 1,350 retail store
locations throughout China. In 1997 and 1998, the Company was ranked #2 in
telephone sales in China.
This press release contains "forward-looking statements" regarding future
business opportunities and activities. Such forward-looking information involves
important risks and uncertainties that could significantly affect future
results. These risks and uncertainties include, but are not limited to, those
relating to economic, political, legal and social conditions in the People's
Republic of China, dependence upon key management personnel, competition,
material factors relating to the operations of the business, and domestic and
global general economic conditions.
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