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Technology Stocks : AsiaHoldings (ASIA)

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To: Robert Scott who wrote ()6/20/2000 8:41:00 AM
From: Neil H   of 18
 
Tuesday June 20, 7:31 am Eastern Time

Company Press Release

Redback Networks and AsiaInfo Form
Strategic Alliance in China

BEIJING--(BUSINESS WIRE)--June 20, 2000--Redback Networks (Nasdaq:RBAK - news), a
leading provider of advanced networking, and AsiaInfo (Nasdaq:ASIA - news), a leading
provider of Internet infrastructure, total solutions and software in China, today announced a
strategic alliance agreement that will speed and simplify the rollout of broadband services
throughout China.

As part of the alliance, Redback will integrate its Subscriber Management System (SMS) with
AsiaInfo's customer management and billing software, AsiaInfo Online Billing System (AIOBS).
Together these products will offer carriers, ISPs and cable operators in China a comprehensive
solution to acquire and manage thousands of broadband subscribers, and speed up broadband
providers' ability to roll out and test new services for consumers.

For end users, the integrated solution will enable them to select and sign up for new services
online more quickly and cost-effectively than before. They will also be able to select from a
variety of pricing plans based on their individual needs.

``China is one of the fastest growing broadband markets in the world,'' said Steve Young, vice
president of Asia Pacific Operations at Redback Networks. ``By working with AsiaInfo, a
company that has been at the forefront of telecom innovations in China for over five years, I am
confident that we can help to accelerate the adoption of broadband services across the country.''

``Redback Networks has established itself as a leader in the broadband subscriber management
systems market,'' said Michael Zhao, Chief Strategy Officer at AsiaInfo Holdings, Inc. ``Through
our joint efforts we will offer the leading broadband management solution to service providers
in China's rapidly growing broadband market.''

About the Solution

AsiaInfo's AIOBS is the leading customer management and billing (CM&B) software in China,
and has three areas of focus: Internet, IP telephony and wireless telephony. This real-time, highly
flexible and scalable CM&B software supports millions of dialup users and provides bundled
services such as dial-up, Email, VPN, VPDN, DSL and leased line management services.

Redback's SMS products enable service providers to connect and manage large numbers of
subscribers using any of the major high-speed access technologies, such as DSL, cable and
wireless. Redback's SMS products will enable carriers, ISPs and cable operators in China to
acquire and manage thousands of broadband subscribers without having to rebuild their existing
network infrastructures. This will dramatically improve time-to-market and offer service
differentiation. Prior to the establishment of Redback in 1996, there was no integrated solution to
the management of high-speed IP traffic. In China, the Redback SMS products are already in
operation in six provinces.
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