Telestone Collects Overdue Accounts Receivable

BEIJING, June 24 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies
Corporation ("Telestone") (Nasdaq: TSTC), a leading developer and provider of
wireless communication coverage solutions in the People's Republic of China,
today announced improved results in its account receivable management and
collection. Up to RMB 22 million of overdue amounts in accounts receivable of
Telestone have been collected during the second quarter of 2009 to date,
including approximately RMB 3.7 million of receivables that had been overdue
for more than two years, and approximately RMB 18.5 million receivables that
had been overdue for more than one year.
Telestone believes that due to its current collection management, accounts
receivable turnover is improving steadily. As compared with the previous
fiscal quarter, Telestone anticipates that accounts receivable turnover of the
current quarter would improve by approximately 30 percent.
The CEO of Telestone states, "We have been taking a variety of measures to
collect accounts receivable. It is of great importance to our company to
effectively utilize capital and, therefore, improve the earning capacity of
the company's assets. Telestone anticipates that it will continue to speed up
the turnover of accounts receivable to improve our performance in the second
fiscal quarter and the 2009 fiscal year."
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in
the PRC. These solutions include products such as repeaters, antennas and
radio accessories. Telestone also provides services that include project
design, project management, installation, maintenance and other after-sales
services.
Safe Harbor Statement
Statements about Telestone's future expectations, including future revenue
and earnings and all other statements in this press release, other than
historical facts, are "forward-looking" statements and are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve risks and uncertainties and are
subject to change at any time. The Telestone's actual results could differ
materially from expected results. In reflecting subsequent events or
circumstances, Telestone undertakes no obligation to update forward-looking
statements.
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

Dan Shang, +86-10-8367-0088 x1233, zongbushangdan@telestone.com, or Jean Wen,
+86-10-8367-0088 x1232, wenjing@telestone.com, both of Telestone Technologies
Corporation