Storage Computer and Beijing Challenger Group Announce Distribution Agreement
Tuesday May 25, 12:14 pm ET
Beijing Challenger to Carry Storage Computer's CyberNAS Software Product Offering
NASHUA, N.H.--(BUSINESS WIRE)--May 25, 2004--Storage Computer Corporation (AMEX: SOS - News; www.storage.com), a provider of high-performance storage and data management software, announced today it has signed a distribution agreement with Beijing Challenger Group of China. Beijing Challenger will carry Storage Computer's CyberNAS software product offering in their portfolio for distribution throughout China.
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Beijing Challenger is an independently operated subsidiary of the Hartcourt Companies, Inc., and has been recognized as a top dealer for storage products throughout China.
"According to IBM China, the storage market has been growing at 50% annually," stated Peter Song, Beijing Challenger's Chief Executive Officer. "According to other sources such as IDG China, the growth rate is as high as 80% per year. We are in a great position to capitalize on this growth." Mr. Song continued, "We currently have several thousand business customers within China. We believe Storage Computer's products will be highly desirable in China due to their rich functionality and feature sets. We are excited about the opportunity to partner with Storage Computer Corp."
The addition of Storage Computer's Network Attached Storage (NAS) software products provides Beijing Challenger with a range of NAS offerings for their markets. The CyberNAS software solutions enable Beijing Challenger's VARs and Integrators to provide comprehensive NAS systems for all their client needs.
About Beijing Challenger Group
Beijing Challenger - Beijing Challenger Group, founded in 1995, is strategically headquartered in Beijing, the economic, political and cultural center of China. Through its partnership with IBM, Challenger aggressively expanded in the late 1990's and has become one of the leading companies in the IT distribution industry in Northern China. Its main products and services including IBM Unix Server, NT Server, Notebook, desktop PC, storage devices, and corporate IT consulting services. The company currently consists of five subsidiary companies including Beijing Wanzhong Info Tech, Beijing Sihai Lanxiang Tech, Beijing Ruihua Electronic Tech, Beijing XingRun Jiayuan Science & Tech, and Shanghai Helian Electronic Tech. With the five subsidiaries, the company plans to expand its market in both Northern and Eastern China. Beijing Challenger also sells its product through its online store at www.itserver.com.cn.
Recognition
Top dealer for IBM products among the five-star resellers in China
Ranked No. 2 of IBM Server Sales in Eastern China in 2003
Championship of Sales for IBM PCD in 2002
About Hartcourt
The Hartcourt Companies, Inc. (HRCT) is one of China's fastest growing companies in the IT distribution, retail and services sector. Hartcourt's growth strategy is to acquire controlling interests in profitable companies with proven management within this sector in key geographical areas of China with high GDP growth. Hartcourt aims to provide capital access, financial planning and governance, management talents, cross company synergies, operating efficiencies and expansion strategies to help these companies to outgrow the market. IDC predicts that the IT hardware spending will grow at over 18% in China for the next 5 years. Recent acquisitions of Hartcourt included a number of key IT distribution, retail and services companies covering all major regions of China that have highest GDP-per-capita in China. Detailed information on Hartcourt can be obtained from: www.hartcourt.com.
About Storage Computer Corporation
Storage Computer Corporation (AMEX:SOS - News), delivers high performance storage management solutions, develops and manufactures software-driven, multi-host storage solutions for powering advanced business applications. Based on open system commodity hardware components and architectures, Storage Computer's high-bandwidth storage technologies supports a great variety of applications, including advanced database activities, interactive multi-media, multi-cast video content, medical imaging and more. Company information may be found at storage.com.
This press release may contain forward-looking statements to future events or future financial performance that involves risks and uncertainties. These statements are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those uncertainties and risk factors detailed from time to time in reports filed by Storage Computer Corporation with the Securities and Exchange Commission, including our most recent reports on Form 10-K and 10-Q.
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Contact:
Storage Computer
Michael O'Donnell, 603-880-3005
ir@storage.com
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Source: Storage Computer |
