Cirmaker Announces Entry Into the Voice Over Internet Protocol Market With Its New Product: FreePhone
26 1월 2005 - 10:01PM
PR Newswire (US)
Cirmaker Announces Entry Into the Voice Over Internet Protocol
Market With Its New Product: FreePhone United States Market
Potential of 17.5 Million VoIP Customers by 2008 NEW YORK, Jan. 26
/PRNewswire-FirstCall/ -- Cirmaker Technology Corp. (OTC:CRKT)
(BULLETIN BOARD: CRKT) , which manufactures set top boxes (STB's)
for digital TV signal reception, LCD flat screens for televisions
and PC's, CPU coolers for computers and electronic components,
today announced its entry into the Voice over Internet Protocol
(VoIP) market, with the introduction of its FreePhone product line.
Chief Executive Officer and President of Cirmaker Technology, Bill
Liao said, "Cirmaker is entering the VoIP market, at a time when
the general public understands its technology, and is open to
embracing new telephone options. VoIP has great potential to
transform the telecommunications industry. Our VoIP FreePhone is
able to replace traditional phone service, by providing customers
with traditional phone services, data transmission and voice fax
transfer capabilities." Mr. Liao continued, "Customers will benefit
from a significant cost savings in telephone services, as calls
between FreePhone VoIP users will be free, at anytime, to anywhere,
while calls from the FreePhone to traditional telephones will cost
approximately 80% less than services rendered from a traditional
telephone company. Company's will benefit from implementing the
FreePhone VoIP system, as they could eliminate expensive Public
Switched Telephone Networks (PSTN) obtained through major telephone
companies, which is the common telecommunications platform used
today. A recent study from the Yankee Group indicates that the
number of VoIP subscribers will increase to approximately 17.5
million by 2008. Initially, the Company plans to distribute the
FreePhone product in North America and the United Kingdom. Cirmaker
plans to market the VoIP product through various marketing outlets,
including electronic chain stores, home shopping networks, it's Web
site and direct sales. The FreePhone product will be manufactured
in Cirmaker's factories and will have a suggested retail price of
$100 USD." Cirmaker's FreePhone will offer customers revolutionary
technology and it will have superior features such as speed
dialing, call records, speaker phone, redial, hold, and prepaid
call balance information. About Cirmaker Technology Corp.
Headquartered in Taiwan with offices in New York City, London,
Beijing, and Guangdong province, Cirmaker Technology manufactures
3G MHP (3rd generation multimedia home platform) digital set top
boxes for television sets, LCD flat screens for televisions and
PC's, cooling systems for laptop and personal computers, VoIP
FreePhone telephone, electrical and electronic components. Cirmaker
has developed set top boxes that convert digital television
broadcast signals into analog formats so that analog TV sets can
receive digital programming. The system also receives, processes,
stores and broadcasts analog, digital and streaming media signals,
and supports pay-per- view and video-on-demand functions. Cirmaker
believes it is the only 3G MHP STB manufacturer operating in China
able to produce in volume a device that meets all the required
standards of Chinese broadcasting authorities. It also complies
with all international HDTV standards for high definition
television. The Company's subsidiary, Shaanxi New Century
Electronic Co., produces a new generation satellite set top box
that converts digital television broadcast signals into analog
formats so that analog TV sets can receive digital programming.
This device meets all the required standards of Chinese
broadcasting authorities. Because the Chinese government plans to
change all TV broadcast signals from analog to digital, there is a
significant demand in Mainland China for this product. For further
information on Cirmaker Technology Corp., please visit
http://www.cirmaker.com.tw/ . Forward Looking Statements The
matters discussed in this news release contain forward-looking
statements, including statements regarding the demand for set top
box satellite receivers in China, future sales made by Cirmaker in
China, and the potential success of the strategic alliance between
Shaanxi Ruyi Electric Co. and Cirmaker. This release also contains
forward-looking statements regarding to Cirmaker's VoIP products,
plans, expectations and intentions, including statements relating
to Cirmaker's FreePhone product line, and the characteristics,
advantages and potential success of such products and services.
These statements are subject to various risks, uncertainties and
other factors that could cause actual results to vary materially
from the results anticipated in such forward-looking statements.
Such risks, uncertainties and other factors include Cirmaker's
potential inability to raise additional capital, the potential
breach by the counterparty to the sales agreement of its
obligations to buy satellite receivers there under, Cirmaker's
potential inability to compete with other companies that may be
more experienced and better capitalized than Cirmaker, changes in
domestic and foreign laws, regulations and taxes, changes in
economic conditions, uncertainties related to the legal systems in
Cirmaker's target markets, including, China's legal system and
economic, political and social events in China and other target
markets, foreign relations between Taiwan, China and Cirmaker's
other potential target markets, a general economic downturn, a
downturn in the securities markets, Securities and Exchange
Commission regulations which affect trading in the securities of
"penny stocks," and other risks and uncertainties detailed from
time to time in Cirmaker's filings with the Securities and Exchange
Commission. These forward-looking statements represent management's
judgment as of the date of this release. Cirmaker disclaims any
intent or obligation to update these forward-looking statements.
You may register to receive Cirmaker's future press releases and to
be added to the company's distribution list by visiting:
http://www.roiny.com/form.php . For more information, please
contact: Company Contact: Cirmaker Technology Corporation Charles
R. Skeele General Manager Telephone: 917-639-4098 Email: Investor
Relations Contact: ROI Group Associates, Inc. 39 Broadway, Suite
2410 New York, NY 10006 Sarah Shepard Vice President Telephone:
(212) 495-0200, ext. 17 Fax: (212) 495-0746 Email:
http://www.roiny.com/ DATASOURCE: Cirmaker Technology Corp.
CONTACT: Charles R. Skeele, General Manager of Cirmaker Technology
Corporation, +1-917-639-4098 or ; or Investors, Sarah Shepard, Vice
President of ROI Group Associates, Inc., +1-212-495-0200, ext. 17,
Fax: +1-212-495-0746, or Web site: http://www.cirmaker.com.tw/
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