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AsiaInfo to Upgrade China Mobile BOSS Systems to NG-BOSS in Guangxi and Zhejiang ProvincesBEIJING and SANTA CLARA, Calif., July 20 /PRNewswire-Asia-FirstCall/ -- AsiaInfo Holdings, Inc. ("AsiaInfo" or the "Company"), a leading provider of telecom software solutions and IT security products and services in China, today announced that it will upgrade both Guangxi and Zhejiang Mobile's Business Operation Support System ("BOSS") to Next Generation Business Operation Support System ("NG-BOSS"). "Increasing competition continues to fuel telecom IT spending as operators build out and optimize their IT infrastructure as well as integrate fixed-line, broadband and mobile businesses to create bundled offerings," said Steve Zhang, AsiaInfo's president and chief executive officer. "As competition in China's telecom industry continues to intensify, enterprise customers and data services are becoming the focal point, and China Mobile has realized that state-of-the-art billing and customer relationship management software is the key to staying ahead. AsiaInfo's NG-BOSS product enhances all the functionalities of existing systems and allows Guangxi and Zhejiang Mobile to better serve their end-users." The system is being built in response to China Mobile's transformation into a fully integrated service provider and its effort to evolve its service from traditional network-oriented to customer-driven. The NG-BOSS is expandable to meet future capacity and business-line additions, employs state-of-the-art security features and uses advanced technology to ensure a user-friendly interface. AsiaInfo currently provides BOSS systems for 11 of 31 China Mobile subsidiaries. About AsiaInfo Holdings, Inc. AsiaInfo Holdings, Inc. 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 its 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 and China Unicom. 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 July 20, 2009. 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, 2008, and in our periodic reports on Forms 10-Q and 8-K filed with the United States Securities and Exchange Commission and available at http://www.sec.gov/. For investor and media inquiries, please contact: In China: Sheryl Zhang AsiaInfo Holdings, Inc. Tel: +86-10-8216-6039 Email: [email protected] Justin Knapp Ogilvy Financial, Beijing Tel: +86-10-8520-6556 Email: [email protected] In the United States: Ms. Jessica Barist Cohen Ogilvy Financial, New York Tel: +1-646-460-9989 Email: [email protected] AsiaInfo Holdings, Inc. CONTACT: In China: Sheryl Zhang of AsiaInfo Holdings, Inc.,+86-10-8216-6039, or [email protected]; Justin Knapp, Ogilvy Financial, Beijing,+86-10-8520-6556, or [email protected]; In the United States: Ms. Jessica BaristCohen, Ogilvy Financial, New York, +1-646-460-9989, or [email protected] Web Site: http://www.asiainfo.com/ |