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AsiaInfo to Upgrade China Unicom’s Rechargeable Card System to Support Nationwide Rechargeable Card

2008-06-23 16:13 743

BEIJING and SANTA CLARA, Calif., June 23 /Xinhua-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 to upgrade its rechargeable mobile phone card system in China Unicom’s headquarters and subsidiaries in Hunan and Fujian provinces. The new system will allow China Unicom to centralize management of its rechargeable card systems in various provinces.

(Logo: http://www.prnasia.com/sa/200611101947.jpg )

“We are pleased to leverage our best-of-class technology to optimize China Unicom’s business and allow the company to provide more convenient and user-friendly services that will help it differentiate its service offering in the face of increased competition,” said Steve Zhang, AsiaInfo’s president and chief executive officer. “As a long-term strategic partner of China Unicom, we will continue to devote our experience in developing full-service operational support systems and in-depth understanding of China’s telecommunications industry to help China Unicom increase its competitiveness after China’s telecom industry restructuring.”

The upgrade of the rechargeable card system will involve the modification of multiple China Unicom systems including its existing customer relationship management (“CRM”) and billing systems. The upgrade will enable China Unicom to consolidate its numerous existing independent rechargeable card systems in each province to realize centralized management of the entire system. By utilizing the nationwide system, subscribers will be able to add money to their mobile phone accounts via multiple channels including Integrated Voice Response (“IVR”) and Short Message Service (“SMS”) and in any of the 31 provinces, municipalities and special administrative regions in China.

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 June 23, 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 www.sec.gov .

For more information, please contact:

For Investors:

Sheryl Zhang

AsiaInfo Holdings, Inc.

Tel: +86-10-8216-6039

Email: ir@asiainfo.com

For Media:

Andrew Keller

Ogilvy Public Relations Worldwide

Tel: +86-10-8520-3112

Email: andrew.keller@ogilvy.com

Source: AsiaInfo Holdings, Inc.
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