[February 27, 2015]

EQUITY ALERT: Rosen Law Firm Reminds Telestone Technologies Corp. Investors of Important Deadline in Class Action Filed by Firm

The Rosen Law Firm, a global investor rights firm, reminds purchasers of Telestone Technologies (News - Alert) Corp. common stock (Pink Sheets:TSTC) between March 31, 2010 and April 16, 2013 of the important April 3, 2015 lead plaintiff deadline in the class action filed by the firm.

To join the TSTC class action, go to the website at http://rosenlegal.com/cases-495.html or call Phillip Kim, Esq. or Jonathan Horne, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action. The suit is pending in U.S. District Court for the District of New Jersey.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE OT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period, Telestone reportedly earned almost all of its revenues from sales to the three largest Chinese telecommunications providers - China Unicom (News - Alert), China Mobile, and China Telecom - the so-called Big 3. In fact, Telestone only collected a small fraction of its purported sales to the Big 3, and internally determined both that the Big 3 were routinely breaching their contractual obligations to Telestone and that there was little Telestone could do about it. Revenues from sales to the Big 3 were thus not reasonably certain to be collectable, and should not have been recognized. The lawsuit alleges that the market gradually learned that there were collectability issues with Telestone's revenues when its accounts receivable ballooned, leading to drops in Telestone's share price of 19.0% on May 15, 2012, 14.8% on November 19, 2012, and 64.2% on June 3, 2013.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2015. If you wish to join the litigation go to http://rosenlegal.com/cases-495.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq., or Jonathan Horne, Esq., of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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