Company Wins Contract to Develop Business Operation Support System for China Mobile in Henan Province
BEIJING and SANTA CLARA, Calif., March 24 /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 Henan Mobile, a subsidiary of China Mobile, to develop its Business Operation Support Systems (BOSS).
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"We are excited to increase our market share within the China Mobile market and extend our geographic reach into Henan Province," said Steve Zhang, AsiaInfo's president and chief executive officer. "AsiaInfo's industry- leading BOSS solutions offer operators reliable, scalable features that accommodate increasing subscriber growth and provide the flexibility needed to adapt to rapidly changing end-user demands. Our innovative, best-of-class products enable the evolution of China's telecom industry, and this contract further enhances our position as the leading provider of telecom software and service solutions in the world's largest telecom market."
Located in eastern central China, Henan is the most populous province in China. According to the National Bureau of Statistic of China, Henan had a total population of 98 million in 2007 and a GDP of 1,246 billion RMB, the fifth largest in China. The province has a total of 31 million mobile subscribers and a mobile phone penetration rate of 31%.
Under the terms of the contract, AsiaInfo will deploy its industry-leading OpenBOSS solution, which complies with China Mobile's latest BOSS 3.0 specifications. The system is designed to support approximately 40 million subscribers. With the completion of this contract, a total of 10 China Mobile subsidiaries will have employed AsiaInfo's BOSS solutions.
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 March 24, 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, 2006, 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 more information, please contact:
For Investors:
Charles Zhang
AsiaInfo Holdings, Inc.
Tel: +86-10-8216-6039
Email: ir@asiainfo.com
For Media:
Justin Knapp
Ogilvy Public Relations Worldwide
Tel: +86-10-8520-6556
Email: justin.knapp@ogilvy.com
SOURCE AsiaInfo Holdings, Inc.
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