VNTK news:
Thursday March 30, 8:59 am Eastern Time
Company Press Release
SOURCE: Vianet Technologies, Inc.
Vianet Technologies Receives Substantial
Purchase Order For Starpoint Fiber Product
Increasing Demand for Optical Access Solutions
Drives Revenue Model
NEW YORK, March 30 /PRNewswire/ -- Vianet Technologies, Inc. (OTC Bulletin Board: VNTK - news), an
innovator in the development of fiber optic access and visual media technologies, announced today a $5 million order
from TeleKing Corporation, a division of Korean network integration partner Opicom Co., Ltd., for Vianet's
revolutionary Starpoint access product. Developed to provide innovative solutions for fiber-to-the-curb (FTTC),
fiber-to-the-building (FTTB) and fiber-to-the-home (FTTH), Starpoint eliminates distance and bandwidth constraints
typically associated with copper DSL solutions.
The TeleKing order for 750 nodes will enable high-speed transactions and communications for financial services
networks in Korea. The new local loop solution is the first of many planned for the Korean market, delivering
high-speed fiber infrastructure directly to entire buildings through the elevator shaft (FTTB). Future applications of the
technology may also deliver fiber access to multi-family residential developments (FTTH).
The Starpoint access product line addresses Vianet's strategy for enabling broadband access and serves the emerging
commercial multimedia communications markets with a full spectrum of local loop solutions. With a focus on
strengthening the weakest link in the Internet/intranet chain -- ``the last mile,' Starpoint access systems are designed to
increase the number of channels that a single node can support from 96 to over 2,000. Such scalability allows network
access providers such as ISPs and CLECs to provide higher-speed Internet access to a greater number of end users,
introducing broadband capabilities to a wider audience through fiber optic equipment solutions.
``Through TeleKing, Opicom is proud to demonstrate strong support for Vianet's fiber access technology. We fully
recognize the opportunity to offer Starpoint as the replacement for the temporary ADSL solution currently deployed in
South Korea,' said Tehan Oh, president of Opicom. ``This initial order will be implemented in large financial
environments requiring high-speed data networks, where there is an immediate need for a complete fiber delivery
solution and all the benefits it offers Korean corporate organizations.'
``TeleKing has secured a major opportunity for fiber-to-the-business in Korea that validates the strength of our leading
edge technologies for emerging communications markets,' said Peter Leighton, president and CEO of Vianet. ``Our
strategy of penetrating the Pan Asian market is clearly off to a good start and this order sets the momentum for a great
year for Vianet. Furthermore, the US market is producing an increasing number of inquiries for our products, as new
developments and an expanding deployment of fiber-up-the-elevator-shaft drives demand for optical access solutions in
a copper-dominated infrastructure.'
About Vianet Technologies, Inc.:
Vianet Technologies is an innovator in the development and integration of network access and visual media delivery
technology and systems. The company offers outstanding solutions in private and public networks, including network
access, value-added services, e-commerce applications and visual media communications. The delivery of broadband
services and deployment of new technologies continues to be restricted by bandwidth limitations in both the public
(Internet) and private (intranet) sectors. Vianet is solving these issues with the development of next-generation
networking equipment and bandwidth management technologies. Vianet is a publicly held company based in New York
City, NY. Vianet is traded under the ticker VNTK. For more information about the company, please visit the Web site at
www.vianet.com or call 888-595-6327.
About Opicom Co., Ltd.:
Based in South Korea, Opicom Co. Ltd. provides complete systems integration services to both public and private
telecommunications network providers. Opicom offers customers full product integration, installation, troubleshooting
and maintenance for low-bandwidth network environments, led by a highly respected staff of telecommunications
engineering experts. With an established presence in Korea, Opicom is the leading national provider of network design
and systems integration.
Except for the historical information contained herein, the statements in this announcement are forward-looking
statements which involve risks and uncertainties that could cause actual results to differ materially from those expressed
in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited
to, those relating to: the success of Vianet's application for a NASDAQ SmallCap Market listing; general economic
conditions in the markets in which the companies operate; success in the development and market acceptance of new and
existing products; dependence on suppliers, third party manufacturers and channels of distribution; customer and
product concentration; fluctuations in customer demand; maintaining access to external sources of capital; ability to
execute management's margin improvement and cost control plans; overall management of the companies' expansion;
obtaining of necessary regulatory approvals; and other risk factors detailed from time to time in the companies' filings
with regulatory bodies.
Press Contact:
Stephanie Mayo
Shelton Communications Group
(972) 239-5119
smayo@sheltongroup.com
Investor Contact:
Cathy Grittner
Shelton Communications Group
(972) 239-5119
(972) 239-2292 fax
Company Contacts:
Todd Grassi, VP Sales
Bob Martin, Marketing
Vianet Technologies, Inc.
(888) 595-6327
tgrassi@vianet.com
bmartin@vianet.com
SOURCE: Vianet Technologies, Inc. |
