SEOUL, South Korea, May 25, 2004 (PRIMEZONE) -- Network solution provider, CinTel Corp. (OTCBB:CNCN) announced on May 25, 2004, that it entered into a Reseller and Co-marketing Agreement for the sale of Storage Attached Network (SAN) switches with Seoul Electron Ltd. CinTel also supplied a SAN switching solution to Hyundai Motor Co. in the amount of USD $35,000.
Seoul Electron is a specialized storage System Integration (SI) company and one of the largest SAN system integration companies in Korea. It had USD 13 Million in revenue in 2003 and has been listed on the KOSDAQ market since 1999.
With this alliance, CinTel acquired the right to market Brocade's Silkworm, one of the top-selling SAN solutions in the world, domestically. Additionally, CinTel will take this opportunity to gain an upper hand in the data storage market, by integrating its ITM solution with SAN solutions.
"The Data Backup market is dramatically growing in Korea. We will expand our markets into the Disaster Recovery (DR) and SAN backup solution fields for clients in finance, press/media, manufacturing and government with aggressive marketing and sales focus on our existing customer base," CinTel's CEO, Mr. Sang Don Kim explained. He added, "Hyundai is a world-renown corporation, and we are proud of our sales and technology force who have proven themselves by securing this supply agreement providing SAN solutions to Hyundai Motor Co."
CinTel's Sales Director, Mr. Jin Yong Kim said, "The SAN switch will be used in Hyundai Motor Co.'s new information system, and we are confident they will be pleased with our services. We at CinTel expect additional purchases from Hyundai for SAN backup solutions by the end of 2004 that are much larger than the amount procured under this current agreement."
About CinTel Corp.
Founded in 1997, CinTel Co., Ltd. (CinTel), a cutting edge technology company, 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 around the world, helping them to improve Internet traffic management, service levels (QOS: Quality of Service), and user experience (QOC: Quality of Content). Today, CinTel is a public company listed on the OTCBB (OTCBB:CNCN). CinTel is also a network integration provider and value-added reseller for various network solutions. CinTel provides a comprehensive line of advanced ITM 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 interested parties are invited to contact CinTel at the Company's website at: http://www.cintelcorp.net or Larry Weinstein at 949-631-5155, larry@cintelcorp.net or overseasbiz@cintelcorp.net.
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