INTAC Announces Refocusing of Business Strategy
24 11월 2005 - 2:06AM
PR Newswire (US)
HONG KONG, Nov. 23 /PRNewswire-FirstCall/ -- On November 22, 2005,
INTAC International, Inc. (Nasdaq: INTN; FSE: WKN 805768) (the
"Company") a leading provider of integrated educational and career
development services in China, today announced that it has
refocused and simplified its strategic approach to providing
top-class integrated mobile telecommunications/internet services to
China's education market. The refocused strategy aims at combining
INTAC's comprehensive understanding of China's mobile
telecommunications/internet industry, as well as its established
cooperation with Mobile Network Operators ("MNOs"), with its unique
long-term relationship with the Ministry of Education ("MOE") and
its strong presence in the education market, to achieve its
ultimate goal of becoming China's dominant mobile
telecommunications/internet education services provider. Under the
refocused business strategy, INTAC will continue to operate in two
(2) business segments - the Career Development And Training
Services Segment and the Distribution/Telecommunications Segment.
Under the Career Development And Training Services Segment, there
will be three (3) business units, including the Intac Mobile
Telecommunications Institute ("IMTI"), the Management Software
Business Unit, and the Database Management Business Unit. The
Distribution/Telecommunications Segment will be focused on INTAC's
traditional business of distributing premium brand wireless
handsets, together with a new business recently developed with
Primus Telecommunications Ltd. (NASDAQ:PRTL) ("Primus"), a global
telecommunications services provider, in the distribution of its
Global Prepaid Calling Cards in China. Career Development And
Training Services Segment Intac Mobile Telecommunications Institute
(IMTI). Striving to become the leading mobile telecommunications
technology training company in China, IMTI plans to launch its
Mobile Telecommunications Software Engineering ("MTSE") training
program. The program is focused on offering 3G-related technology
training to IT professionals seeking a career with the mobile
telecommunications industry or seeking to expand their existing
expertise with new courses being developed in the future to reflect
technology advancement. Education Management Software Business
Unit. This business unit targets providing education management
software to China's education institutes. With an established
nationwide market presence and sales network in the education
market, the unit also provides great potential for cross-selling of
INTAC's other products and services. Database Management Business
Unit. INTAC is authorized by the MOE to collect student profiles
from elementary and middle schools, colleges and universities
nationwide and organize this myriad of information into a useful
database. The Company also collects and maintains personal data of
working professionals. This database is used by INTAC'S business
unit to provide a one-stop marketing solution to a wide range of
businesses with products and services tailored to the specific
needs of the education market. Currently, INTAC offers more than 50
various telecom value-added services, including Wireless
Application Protocol ("WAP") surfing, Interactive Voice Responses
("IVR") and Short Messaging Services ("SMS"), with China's major
telecommunications network operators -- China Mobile, China Unicom
and China Netcom. All of the services are targeted at the education
community. In addition, INTAC also operates two on-line portals,
the PHRBank.com offering integrated career development services and
the Joyba.com offering lifestyle and social activity information to
students and young professionals. These will all be integrated into
the Database Management Business Unit.
Distribution/Telecommunications Segment INTAC's distribution of
premium brand wireless handsets, although de- emphasized, continues
to generate substantial revenues. Strategically, this business
provides a direct channel to reach the terminal users of INTAC's
value-added telecom services and allows the Company to leverage its
deep understanding of customer needs, specifically in the education
market, to provide additional value to MNOs and mobile phone
manufacturers. INTAC recently began cooperating with Primus
Telecommunications Ltd. ("Primus"), a global telecommunications
services provider with a particular strength in Voice-over-IP
(VoIP) services and products, as well as billing capability across
various voice and data services. The first product launched under
this relationship is the Primus Global Prepaid Calling Card, an IP
calling card that provides access to over 50 countries worldwide.
The distribution of the card is primarily targeted on the overseas
Chinese student community and their families in China. INTAC is
working closely with Primus to explore further opportunities in
offering more diverse telecom value-added services to the education
market. Wei Zhou, Chairman and CEO of INTAC said, "We believe that
this strategy will allow us to better utilize our strategic
resources and enhance our strengths in the telecom/internet
industry and the education industry, which are both very promising,
and therefore will help us to achieve strong growth in the near
future." About INTAC International, Inc. INTAC International, Inc.
is a leading provider of a full range of integrated educational and
career development services as well as management software products
for educational institutions in China. INTAC International is also
engaged in the distribution of premium brand wireless handset
products distribution business. Forward-Looking Statements This
press release contains certain "forward-looking statements." Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements expressed or implied by such
forward-looking statements to differ materially from those
projected or implied. Factors that could cause or contribute to
such differences include, among other things: the ability to
establish and attract trainees for a 3G training program; our
ability to compete in the prepaid calling card market, in which we
have not previously participated; changes in general business
conditions; the impact of competition in our industry, especially
in the Asia-Pacific Rim; the added expense structure assumed by us
as a U.S. public company; political and economic events and
conditions in jurisdictions in which we operate; Internet laws and
regulations of the government of The People's Republic of China, or
the PRC, that are unclear and may change in the near future;
regulation and censorship of information distribution in China
which may adversely affect our business; political and economic
policies of the PRC; the risk of the loss of the agreements, or the
exclusivity terms, with the PRC's Education Management Information
Center; the high cost of Internet access that may limit the growth
of the Internet in China and impede our growth; advertising and
e-commerce customers that have only limited experience using the
Internet for advertising or commerce purposes; the acceptance of
the Internet as a commerce platform in China which depends on the
resolution of problems relating to fulfilment and electronic
payment; concerns about security of e-commerce transactions and
confidentiality of information on the Internet that may increase
our costs, reduce the use of our Internet portal and impede our
growth; our network operations that may be vulnerable to hacking,
viruses and other disruptions, which may make our products and
services less attractive and reliable; changes in interest rates,
foreign currency fluctuations and capital market conditions; and
other factors including those detailed under the heading "Risk
Factors" and elsewhere in the INTAC's annual report on Form 10-K
for the fiscal year ended December 31, 2004 and quarterly reports
on Form 10-Q for the quarters ended March 31 and June 30, 2005, as
filed with the Securities and Exchange Commission. We disclaim any
intention or obligation to revise any forward-looking statements
whether as a result of new information, future events or otherwise.
INTAC undertakes no obligation to update any forward- looking
statements made in this media release. For further information,
please contact: Lesley Zhang Investor Relations Director Tel:
(8610) 83914053 MP: (86) 13910406802 Email: . Internet:
http://www.intac-international.com/ DATASOURCE: INTAC
International, Inc. CONTACT: Lesley Zhang, Investor Relations
Director of INTAC International, Inc., +8610-83914053, or mobile,
+86-13910406802, or Web site: http://www.intac.cn/
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