BEIJING and SANTA CLARA, Calif., May 8 /PRNewswire-Asia/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA) ("AsiaInfo" or the "Company"), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has signed contracts with seven China Mobile subsidiaries in Chongqing, Liaoning, Qinghai, Sichuan, Hubei, Guizhou and Tibet to upgrade Business Intelligence ("BI") systems to accommodate the rollout of China Mobile's TD-SCMDA ("TD") 3G network.
"Industry restructuring and the issuance of 3G licenses have recently created numerous opportunities for AsiaInfo to leverage our core competency in billing, customer relationship management and business intelligence software into important market share gains. At the same time, ongoing maintenance and regular upgrades like these continue to be a long-term and dependable driver of growth for our business," said Steve Zhang, AsiaInfo's president and chief executive officer. "Besides system upgrades, our team of highly knowledgeable consultants is increasingly working with China Mobile to better utilize the data collected by our BI systems to design innovative and targeted sales and marketing campaigns that help the carrier maintain its leading market position and increase average revenue per customer. With our increasingly close relationships with all three of China's telecom carriers and a growing consensus that advanced IT software is essential to remaining competitive in today's telecom market, I'm confident that we can leverage our success with China Mobile in the BI space into new market share in the future."
AsiaInfo first developed its BI system for China Mobile in 2003. The upgrade will add TD data analysis capabilities to existing systems at the seven China Mobile subsidiaries, allowing them to perform detailed data analysis on voice and value-added service usage by TD customers. The BI systems will also link the subsidiary-level BI systems with the data analysis system at China Mobile headquarters. By interfacing with the subsidiary-level BI systems, the headquarters system collects customer data and provides high-level analytical capabilities for decision making.
AsiaInfo currently provides BI systems for 15 of 31 China Mobile subsidiaries.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA) is a leading provider of
high-quality telecom software solutions and IT security products and services to some of China's largest enterprises, as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved its major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile and China Unicom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com .
The information contained in this document is as of May 8, 2009. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008, and in our periodic reports on Forms 10-Q and 8-K filed with the United States Securities and Exchange Commission and available at www.sec.gov.
For investor and media inquiries, please contact:
In China:
Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
Andrew Keller
Ogilvy Financial, Beijing
Tel: +86-10-8520-3112
Email: andrew.keller@ogilvy.com
In the United States:
Mr. Thomas Smith
Ogilvy Financial, New York
Tel: +1-212-880-5269
Email: thomas.smith@ogilvypr.com
