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CinTel Agrees to Supply Alcatel Backbone Switches to Busan Construction Headquarters (Busan Design Center)
CinTel Corp. (OTCBB: CNCN), a leader in Internet traffic management, announced today its fully owned subsidiary in Korea has signed an agreement to supply of approximately $340,000 worth of Alcatel’s backbone switches and work group switches to “Busan Design Center (BDC)” in Busan Korea, as part of a consortium with Samsung Networks.
BCD, located at Centum City in Haewoondae-Gu of Busan, Korea, will be finished in February 2007 and will become a one-stop service and advanced design development center for the region. It will help to promote the unique advantages of the region by promoting design awareness, making available design training programs, providing support for design researchers, and provide advanced design installation facilities to local businesses.
Kyung-Seop Lee, Sales Manager of CinTel Korea, states “We are very proud to provide network equipment to BDC and believe that we will be able to leverage the sale of its other products using this supply to BDC as a reference.” Sang-Don Kim, the CEO of CinTel said, “We are pleased to be involved in this project with Samsung. CinTel has secured many new sales channels through our partnerships with other network integration and/or system integration companies after CinTel and Samsung Networks began their cooperative working relationship in March 2006, starting with the Korea Air Force project. CinTel will move to much larger projects encompassing system integration and network integration to maximize revenues and profits and bring the best total solutions to each client. Just as CinTel has succeeded in securing Hyundai Heavy Industry (HHI)'s overseas projects in conjunction with KT (formerly, Korea Telecom), CinTel cooperated with Samsung Networks to secure this project. CinTel will continue to strategically ally with the likes of KT and Samsung Networks to increase revenues in 2006.” About Construction Headquarters of Busan Metropolitan City Construction Headquarters is a civil engineering business organization in charge of the construction of roads, bridge, park, sewer systems and any large scale engineering works ordered by the Busan Metropolitan city government.
About Samsung Networks Samsung Networks was founded in 1987 for the communication industry within Korea. Samsung Networks has seen continuous fast paced progress and development in the frontier of the global information communication enterprises. Connecting more than seventy countries all over the world based on four domestic information network centers (Kwacheon, Kumi etc.) and five overseas IT centers (New Jersey in the U.S.A., Tokyo Japan, London England, Beijing China and Singapore). Samsung Networks provides network service, telephone service, digital multimedia service and ‘E-Biz’ service necessary for enterprise's overall 'e-business' activity based on global network infrastructure. Samsung Networks' workforce currently numbers approximately 770 individuals and revenue of 2005 were approximately US$500 million.
About CinTel Corp.
CinTel Corp., based in North America with its main business operations in Korea, provides enterprise technology solutions that deliver faster internal and external network service. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product line with ever expanding solutions from key partners and internal development. CinTel's award-winning Internet Traffic Management (ITM) solutions are marketed to customers worldwide, enabling the company's customers to improve Internet and network traffic management, service levels, secure content, user experience, and reduce server loads and bandwidth demands. While CinTel maintains its position as a leader in ITM through continuous research and development efforts it has also begun expansion into creative new markets and worldwide distribution of Korean based technologies. CinTel is also a recognized leader in Content Delivery Network (CDN). For additional information, please visit CinTel Corp at www.cintelcorp.net.
Safe-Harbor Statement This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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