CinTel Supplies iCache 8020 to Samsung Electronics Corp. Tuesday August 2, 9:00 am ET
LOUISVILLE, Ky., Aug. 2, 2005 (PRIMEZONE) -- CinTel Corp. (CinTel) (OTC BB:CNCN.OB - News), Korea's top Internet Traffic Management (ITM) solution provider, is pleased to announce that Samsung Electronics Corp. (Samsung), a public company listed on the New York Stock Exchange and the Korean Stock Exchange, announced the purchase of over six-figures' worth of CinTel's iCache 8020 Web cache solution for its Kumi Center in Gyeongsangbuk-do Province, South Korea. This purchase is in addition to Samsung's purchase of CinTel's iLog in February 2005, and the iCache 8020 will replace the existing Web cache solutions as the volume of Samsung's Internet traffic continues to increase rapidly. CinTel's iCache solution beat out multiple competitors to be the supplier of choice for Samsung.
ADVERTISEMENT click here Mr. Kyung Sup Lee, general manager of the sales department at CinTel announced, ``Samsung first purchased CinTel's Web cache product, the iCache 2000, in 2002. We are happy to have Samsung as a satisfied returning customer and to be selected over a number of much better known competitors. I can't say enough about how proud I am of our engineering team here at CinTel that they delivered a product which a world-leader in technology like Samsung recognizes as offering superior value over our competitors' products. Currently, the peak traffic load is 350 Mbps (megabites per second) at Kumi Center, and we anticipate it to increase to 600 Mbps within two years. Kumi Center required an advanced solution, because, in addition to caching, it required filtering, log-in monitoring and other value-added services. As a result of purchasing CinTel's iCache product, Samsung will be able to reduce the costs associated with dedicated lines of internet traffic and expensive security solution costs as iCache 8020 has important security features already built-in to it. As a result, we expect that Samsung employees will be able to respond to internet inquiries faster and substantially improve their productivity. CinTel has raised its reputation in the enterprise market and laid the foundation for continued accelerated sales of their ASP and other similar products.''
About Samsung Electronics Corp.
Samsung Electronics Co. Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2004 parent company sales of US$55.3 billion and net income of US$10 billion. Employing approximately 88,000 people in 89 offices in 46 countries, the company consists of six main business units: Corporate Technology Operations, Digital Appliance Business, Digital Media Business, LCD Business, Semiconductor Business and Telecommunication Network Business. Recognized as one of the fastest growing global brands, Samsung Electronics is the world's largest producer of color monitors, color TVs, memory chips, TFT-LCDs and VCRs. For more information, visit http://www.samsung.com.
About Samsung Electronics Corp. Kumi Center
Samsung Electronics Corp. Kumi Center manufactures the Anycall mobile handsets which is the number one selling brand of mobile phones in Korea. Samsung Electronics Research Center and factory are located at Kumi Center. In order to solve the issue of slowing wide area network traffic in their server farms, a stable and fast network environment solution was sought.
About CinTel Corp.
CinTel Corp., while based in the U.S., has its main business operations in Korea which provides 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: http://www.cintelcorp.net
Safe-Harbor Statement
This press release contains 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.
Contact:
CinTel Corp. JD Sparks 502-657-6077 O 502-693-8022 C JDSparks@cintelcorp.net
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Cintel supply Samsung...Should I say more...CNCN is way undervalued and should bounce in coming hours or days...Be in it for the run but first do you won DD.
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This company looks very good. Great deal with lots of revenue announced today with Samsung.Will look at this. Thanks for the headsup
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Wow this company looks INCREDIBLE! Good revenues, VERY low float only 14 million shares.. the price is a long ways from its yearly high. With a HUGE contract win today. I like this one!
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This company is just beginning to make it big, down on extremely low volume, effects from such a low float. Huge contract announced yesterday and price is the same today as prior to that contract announcement. It's a matter of time IMO
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I got in this today as well, but it didnt dip to where i wanted it. Cant complain, im in green, =) havent been in green in a while. At any rate, according to some TA heads, its looking to reach at about .018 soon, lets hope it does!
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