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AsiaInfo Breaks into New Market with China Telecom Tender WinBEIJING and SANTA CLARA, Calif., April 20 /PRNewswire-Asia-FirstCall/ -- AsiaInfo Holdings, Inc. (the "Company"), a leading provider of telecom software solutions and IT security products and services in China, today announced that it won tender to develop new Business Support Systems ("BSS" or the "solution") for China Telecom in Jilin province ("Jinlin Telecom"). The solution will integrate Jilin Telecom's existing fixed-line BSS with its recently acquired CDMA business. "I'm happy to take another step forward in our relationship with China Telecom, which has been on the fast track since telecom industry restructuring was announced in May of last year," said Steve Zhang, AsiaInfo's president and chief executive officer. "From a policy perspective, China's telecom restructuring is now basically complete, but we expect to continue benefiting from processes like building out integrated solutions and migrating user data to new systems for some time. This new BSS solution will integrate Jilin Telecom's fixed-line and mobile services, increasing efficiency and flexibility for the company and providing users with a unified customer experience." As part of China's telecommunications industry restructuring, China Telecom acquired China Unicom's CDMA wireless business in 2008. AsiaInfo will build out a BSS solution that is able to integrate the acquired wireless billing system with Jilin Telecom's existing fixed-line system. AsiaInfo will also provide migration services to move user data over to the new system. After AsiaInfo installs the solution, Jilin Telecom subscribers will be able to subscribe to bundled fixed-line, mobile and broadband services and enjoy a unified customer experience including billing and other services. About AsiaInfo Holdings, Inc. AsiaInfo Holdings, Inc. 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 April 20, 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 (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: [email protected] Mr. Andrew Keller Ogilvy Financial, Beijing Tel: +86-10-8520-3112 Email: [email protected] In the United States: Mr. Thomas Smith Ogilvy Financial, New York Tel: +1-212-880-5269 Email: [email protected] AsiaInfo Holdings, Inc. CONTACT: In China: Ms. Sheryl Zhang, AsiaInfo Holdings, Inc.,+86-10-8216-6039, [email protected]; or Mr. Andrew Keller, Ogilvy Financial,Beijing, +86-10-8520-3112, [email protected]; or In the United States:Mr. Thomas Smith, Ogilvy Financial, New York, +1-212-880-5269,[email protected] Web site: http://www.asiainfo.com/ |