LOUISVILLE, Ky., Aug. 25, 2005 (PRIMEZONE) -- CinTel Corp. (CinTel) (OTCBB:CNCN) has entered into a cooperative marketing and sales agreement for development of domestic and overseas markets in networking equipment with Hyundai HDS Corp., a comprehensive information technology solution company which has a variety of security solutions.
Unlike previous cross-marketing agreements entered into to date with other system integration or network integration companies, this Agreement calls for each company to package the others' products synergistically to create a Total Package Solution Service.
Sang-Don Kim, the CEO of CinTel, states, "This agreement with Hyundai HDS affords an opportunity for our customers to upgrade their products, making them able to meet the ever-changing demands of the market. Through this agreement, CinTel is able to add specialized security solution, and as CinTel is getting ready to launch our product line in the United States, the products added to the line up, through this alliance with Hyundai HDS, represent a very good opportunity at a very opportune moment."
Mr. Chul-Joo Jung, the CEO of Hyundai HDS. concurs, "We hope, through this alliance with CinTel, to satisfy the various needs of our current clients and improve our responsiveness to our changing client needs."
This alliance agreement enables each company to offer a total package solution by offering additional products from the other company's product line up.
About Hyundai HDS
As Hyundai HDS is a 100% owned subsidiary of one of the best casualty insurance companies, Hyundai Marine & Fire Insurance, it has a solid capital base and a specialized security solution for the banking and insurance industry. Hyundai HDS was established in 1994 and has 240 employees. In 2004, it had revenues of over $30 million and it expects to have revenues of approximately $60 million in the next business cycle. Unlike other system integrators affiliated to a conglomerate, Hyundai HDS earns over half of its revenues from non-captive market, and is recording over 30% year-over-year growth. It offers information technology infrastructure as well as server solution and networking, security. In particular, Hyundai HDS's 8e6 solution has already been sold to a variety of schools and other educational institutions in Arkansas, Mississippi, Wisconsin, West Virginia, Rhode Island and other states and its internet filtering solution R3000 and filtering log reporting ER3.0 have been sold to many Fortune 500 companies including Honeywell, Alcoa, Nextel, United Health Group, Ericsson, PricewaterhouseCoopers, LLP, Global Crossing, Starnet/MegaPOP and many others in different industries. In 2005, it has already contracted for business development with IBM H/W regarding BP, Plus ITS, and Systech Telecom Korea.
About CinTel Corp.
CinTel Corp., while based in the U.S., has its main business operations in Korea that provide enterprise technology solutions to deliver faster internal and external network service. It is a company devoted to providing software and hardware solutions that provide faster Internet service. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product. CinTel's award-winning Internet Traffic Management (ITM) solutions are marketed to customers worldwide, enabling the Company's customers to improve Internet traffic management, service levels and user experience. CinTel maintains its position as a leader in Internet Traffic Management through continuous research and development efforts. CinTel is also a recognized leader in Content Delivery Network (CDN). CinTel offers a comprehensive line of advanced Internet Traffic Management solutions and system performance improvement solutions that help network operators meet the growing need to manage web access, secure content, improve users' experiences, and reduce server loads and bandwidth demands. For additional information, please visit: www.cintelcorp.net
Safe-Harbor Statement
This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.