Bridge Technology, Inc. Announces Continued Expansion in China
Business Wire - Friday, September 22, 2000
GARDEN GROVE, Calif.--(BUSINESS WIRE)--Sept. 22, 2000--Bridge Technology, Inc. (Nasdaq: BRDG) a diversified digital, data and communications component company, today announced an expansion program designed to further take advantage of its perceived strategic advantage in the rapidly growing technology markets in mainland China and Hong Kong.
Bridge Technology's Hong Kong based subsidiary, CMS Technology Limited is currently an exclusive IBM authorized distributor for China and sells mass storage and other products to major OEM's and VAR's in China.
John Harwer, President, stated, "Bridge Technology, Inc. is extremely pleased to see that China has just been granted permanent normal trade relations (PNTR) with the United States. This is a significant step towards China being granted permanent membership in the World Trade Organization (WTO). Bridge expects to benefit immediately from this trade status, as we have established a strong foundation in China for both manufacturing and marketing of our products. The company expects to organize several manufacturing facilities in China, and at least one in Taiwan. With increased demand for our products, we also plan on expanding our channel marketing and distribution system."
Bridge's business model revolves around research and development projects, eventually resulting in marketable products, which are vertically integrated into domestic and international manufacturing, and ultimately into the company's marketing and distribution channels. Bridge is currently engaged in research for product development in fixed wireless infrastructure equipment, power supplies for new technological systems, enclosures and equipment or major data storage customers, hand-held wireless optical track ball applications, and optical pickup devices for DVD players.
"We have established a strong foundation in China for both manufacturing and marketing our products. The company is organizing several additional manufacturing facilities in China, and at least one is Taiwan, to meet the expected demand for our products from our OEM customers," Harwer added.
About Bridge Technology
Bridge Technology, Inc. manufactures, markets, and distributes subassembly digital recording, storage and communication components. The company, with subsidiaries in the United States, Japan and Hong Kong, is also a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement.
CONTACT: Bridge Technology, Inc., Garden Grove
Denise Lafone, 714/891-6508
denisel@bridgeus.com
or
TKO International
Al Turano, 303/850-7896
tkoint@webaccess.net
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