Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (3755)	4/25/2006 1:01:07 AM
From: borb	Read Replies (1) \| Respond to of 3902

Big drop in Nikkei yesterday. Ready for golden holiday?

To: Julius Wong who wrote (3755)	4/28/2006 7:58:30 PM
From: Tadsamillionaire	Respond to of 3902

CinTel Signs Agreement for Acquisition of Let's Game CinTel Corp. (OTCBB: CNCN), a leader in Internet traffic management, announced today it has signed an Agreement for a bridge loan of $150,000, which may be convertible as partial payment via a convertible note, for the acquisition of LetsGame Co., Ltd. and the spin-off of "Let's Game" portal (www.letsgame.co.kr), pursuant to the MOU signed with Dataway Co., Ltd. ("Dataway") on February 16, 2006. The exact price of the acquisition, nor what percentage this bridge loan would be convertible into, has not been finalized between the parties. According to this Agreement, CinTel has the right to convert any or all of the Acquisition Price into equity before July 2006. CinTel intends to convert if Let's Game does well, but will require repayment if Let's Game performs below expectations. While the February MOU called for acquisition after thirty (30) days of due diligence, CinTel agreed to focus on the growth prospects of Let's Game rather than past performance and deferred the decision, with Dataway's permission, on whether to go forward until July. "Let's Game" was established as Dacom's game portal site. Dataway was founded with capital of approximately US$5 million as an independent game portal site by Dacom Inc. and Dacom MI Inc. which are Internet backbone network providers. As "Let's Game" currently has over three million (3,000,000) users, several years of know-how, operation systems and experience that has proven to provide stable service to its online users, this Agreement is expected to credibly establish CinTel's beachhead into the digital content service business with a proven product. This will allow CinTel a sure and proven footing in the industry with the ability to produce immediate returns on the investment. Dataway Co., Ltd. spun-off Let's Game Co., Ltd. less than a month ago, and has successfully established a strategic and marketing alliance with Edubox Inc. (www.edubox.co.kr), a KOSDAQ-registered company with over 4,000 distribution points in Korea and is ready to publish Edubox's Battlesudoku (www.battlesudoku.co.kr) and Battlepuzzle on its site on an exclusive basis outside of Korea. Battlesudoku is a unique game that has proven very popular in Japan, the US, England and other European nations among both the young and the old of both sexes, as it has brought a very popular paper-based game to the online user market. Since it adopted a tournament format for the game, it has brought a new higher level of intensity and following among its users. Sang-Don Kim, the CEO of CinTel said, "Let's Game Co., Ltd. will participate in the highly selective E3 Game Show (May 10th through May 12) with individual one-on-one meetings sponsored by the Korean government and is scheduled to meet prospective distribution partners and/or marketing partners for Battlesudoku and Battlepuzzle. Thus, CinTel has obtained an almost risk-free option to acquire a promising game-portal with much potential in the global online game market and establish Let's Game as a recognizable brand within the online gaming industry. We look forward to creating industry brand loyalty with the games of Let's Game. These new efforts will bring that loyalty to established and new markets. This Agreement is all positive for CinTel's stockholders and helps with our expanded operations focus and profitability."