New Systems to Cover Hunan and Zhejiang Provinces
BEIJING and SANTA CLARA, Calif., Nov. 20 /PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has signed a contract with China Unicom, a leading telecom provider in China, to develop new Business Support Systems ("BSS systems"), for China Unicom's subsidiaries in Hunan and Zhejiang provinces.
"We are delighted China Unicom has selected our world-class telecom software solutions to assist them consolidate operations into a full-service operator," said Steve Zhang, AsiaInfo's president and chief executive officer. "With the competitive landscape for China's three newly integrated telecom carriers becoming increasingly competitive, our customized solutions allow carriers to improve their offerings and differentiate services. China Unicom's decision to use our BSS systems further demonstrates their commitment to deepening our relationship and lays the groundwork for future cooperation in promising areas such as value-added services and business intelligence solutions."
Under the terms of the agreement, AsiaInfo will develop new BSS systems which include Customer Relationship Management ("CRM"), Partnership Relationship Management ("PRM") and billing systems. The Company will integrate China Unicom's existing GSM business with its recently acquired fixed-line and broadband network into a single, unified system. The BSS systems are expected to support China Unicom's value-added services to increase the company's competitiveness and will assist in managing operations and monitoring the performance of China Unicom's business partners to ensure efficient and cohesive cooperation.
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 .
Safe Harbor Statement
The information contained in this document is as of November 20, 2008. 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, 2007, 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 investor and media inquiries, please contact:
In China:
Ms. Sheryl Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
Mr. 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
