Telestone Technologies Corporation Files Extension for Form 10-Q for the Third Quarter of 2012

BEIJING, Nov. 14, 2012 /PRNewswire-FirstCall/ -- Telestone Technologies Corporation (NASDAQ: TSTC) (the "Company"), a leading supplier of local access network solutions for communications networks in China, today announced that the Company plans to file a Form 12b-25 extension for the filing of its quarterly report on Form 10-Q for the third quarter ended September 30, 2012.

Telestone will request an extension, because the Company requires additional time to complete the report and is therefore unable to file its third-quarter 2012 report on Form 10-Q by the initial filing deadline of November 14, 2012.

The Company anticipates that it will file its quarterly report on Form 10-Q on or before November 19, 2012.

About Telestone Technologies Corporation

Telestone is a leader and innovator in wireless local-access network technologies and solutions. The company has a global presence, with 30 sales offices throughout China and a network of international branch offices and sales agents. For more than ten years, Telestone has installed radio-frequency (RF)-based 1G and 2G systems throughout China for leading telecommunications companies. After intensive research on the needs of carriers in the 3G age, Telestone developed and commercialized its proprietary third-generation local-access network technology, WFDS(TM) (Wireless Fiber-optic Distribution System), which provides a scalable, multi-access local access network solution for China's three cellular protocols. Telestone also offers services including project design, manufacturing, installation, maintenance and after-sales support. The Company has approximately 1,500 employees.

SOURCE Telestone Technologies Corporation