Hi-Tech Wealth Inc. announced financial results for the three and nine month ended September 30, 2007. For the quarter, net loss was $2,870,864 or $0.05 per share against net income of $5,033,403 or $0.28 per share a year ago. Revenue for the third quarter of 2007 was $11.6 million as compared to $30.3 million for the three months ended September 30, 2006. In the third quarter of 2007 revenues decreased approximately 62% as compared to the third quarter of 2006. The decrease in revenue was the result of a decline in unit sales of existing models which approached the end of their anticipated life cycles, as well as a delay in launching the solar powered mobile phone, which was intended to offset the anticipated decline in existing unit sales. For the nine months, net loss was $2,891,743 or $0.06 per share against net income of $4,615,134 or $0.26 per share a year ago. For the first nine months of 2007, the company reported revenues of $49.9 million against $41.5 million a year ago.

Hi-Tech Wealth Inc. announced that with effective September 12, 2007, Mr. Simon Mu resigned as a director of the Company. There were no disagreements between Mr. Mu and the Company on any matter relating to the Company´s operations, policies or practices, which resulted in his resignation. On October 22, 2007, Mr. Dai Xiaoquan was appointed by the Board of Directors of the Company to fill the vacancy left on the Board by Mr. Mu´s resignation. Mr. Dai has not been appointed to serve on any of the Board´s committees.

Hi-Tech Wealth Inc. announced a contract to provideChina Unicom Ltd. with 100,000 CDMA GPS mobile phones for China Unicom´s high-end subscriber base. Hi-Tech Wealth will provide 50,000 units each of its C66 and C68 model CDMA GPS mobile phones, and the majority of the 100,000 unit order will be shipped in the fourth quarter of 2007.