First-to-market Solution Enables Online Redemption of Customer-loyalty Bonus Points
BEIJING and SANTA CLARA, Calif., Nov. 20 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA), a leading provider of telecom software solutions and IT security products and services in China, today announced that it has launched a new mobile e-commerce solution, and won a contract with China Mobile for a bonus point management platform. AsiaInfo is the first in China to offer such a solution.
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"We are very excited to partner with China Mobile to help pioneer mobile e-commerce in China," said Steve Zhang, AsiaInfo’s president and chief executive officer. "Mobile e-commerce in the Chinese telecom market is set to experience explosive growth in the years ahead and AsiaInfo’s deep understanding of China’s telecom market and leading software development capability uniquely positions us at the forefront of thiAAAAciting trend. We look forward to developing and enhancing our e-commerce capabilities to take advantage of the tremendous opportunities that lie aheaAAAAAAAAA> China Mobile’s bonus point return program, which is similar to mileage programs offered by airline companies, is a popular service offered to the carrier’s Gotone and M-zone users to foster customer loyalty. The bonus point management platform will interface with China Mobile’s Business Operation Support System to collect bonus point information and realize logistic and supplier management functionalities. It allows users to redeem bonus points for China Mobile partners’ merchandise or services through an e-commerce portal.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. (Nasdaq: ASIA) is a leading provider of high-quality telecom software solutions and IT security products and services to some of China’s largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo’s non-telecom related IT services business in 2004.
Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the national backbones and provincial access networks for all of China’s major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.
For more information about AsiaInfo, please visit http://www.asiainfo.com .
The information contained in this document is as of Nov 20 2007. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo’s operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable billing cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2006, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov .
For more information, please contact:
AsiaInfo Technologies (China), Inc.
Ogilvy Public Relations Worldwide
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