Contract Marks AsiaInfo's First Move into International Market
BEIJING and SANTA CLARA, Calif., Aug. 27 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software solutions and IT security products and services, today announced it has won a contract with CMPak, a subsidiary of China Mobile in Pakistan, to provide billing and CRM software solutions. The telecom software solution project represents AsiaInfo's first contract outside of China.
(Logo: http://www.prnasia.com/sa/200611101947-min.jpg )
"We are delighted to be one of China Mobile's key strategic partners as they develop into international markets," said Steve Zhang, President and CEO of AsiaInfo. "We believe our world-class software solutions are well suited to the unique dynamics of emerging markets and we are confident that this will contribute to China Mobile's success in Pakistan."
Under the terms of the contract, AsiaInfo will provide its OpenBilling On-line Charging System (OCS), and OpenCRM customer relationship management system to CMPak. The system, designed to support 10 million subscribers, provides real time, convergent billing and unified customer service.
"This overseas contract with China Mobile is a milestone in the history of AsiaInfo," added Mr. Zhang. "This provides the foundation for AsiaInfo to capitalize on growing opportunities in emerging markets."
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 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, China Unicom and China Netcom. 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 Aug 27, 2007. 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 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, 2006, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov .
For more information, please contact:
For Investors:
Charles Zhang
AsiaInfo Technologies (China), Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
For Media:
Justin Knapp
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6556
Email: justin.knapp@ogilvy.com
