Tata Comms launches Cisco(R) Certified TelePresence Connection svcs

Tata Communications becomes first Asian service provider to launch this Unique, life-like virtual meeting solution

New Delhi, India (BUSINESS WIRE) - Tata Communications, a leading provider of the new world of communications, announced today the launch of its global TelePresence network service, which has achieved Cisco Certified TelePresence Connection status. Cisco TelePresence is an innovative, realistic virtual meeting solution that creates unique, "in-person" experiences allowing real-time, face-to-face communication over a converged IP network. It delivers life-size images, ultra-high-definition video (1080 p), spatial audio and a specially designed environment to create a "room within a room" meeting space.

Cisco TelePresence is transforming the way organizations conduct business. Companies can utilize the TelePresence solution to enhance collaboration, make decisions faster, improve cross-cultural communications, scale scarce resources and move products to market faster. Tata Communications is the first Asian service provider to achieve Cisco Certified TelePresence Connection status enabling the delivery of the Cisco TelePresence solution.

The Cisco certification program for TelePresence services provides businesses with an added level of confidence, which providers such as Tata Communications can deliver the capabilities needed for an optimal TelePresence experience. The Cisco TelePresence certification process goes beyond static service measurement of network performance. It adds leading practices based on current industry standards for network architecture, management and performance including measurement, staff, processes and tools. These are audited regularly to help ensure that service providers are committed and able to offer an optimal Telepresence experience providing customers with robust, end-to-end communication solutions that meet their business needs today and into the future.

"With our unparalleled global reach into India, the Americas, Europe and Asia Pacific regions as well as our strength on key international routes, Tata Communications is uniquely poised to serve the needs of customers who wish to use TelePresence to facilitate richer communications." said Vinod Kumar, President, Global Data and Mobility Solutions.

"We are pleased to have reached this significant milestone in our growing relationship with Tata Communications," said Rajesh Chainani, Vice President ? Service Provider, Cisco. "The Cisco Telepresence solution is best delivered over a Cisco Certified TelePresence Connection taking advantage of Cisco Internet Protocol Next-Generation Network (IP NGN) architecture and innovative technology to deliver a highly scalable and secure solution."

John Landau, Senior Vice President, Global Managed Services, Tata Communications commenting on the company's newest achievement said, "This is a testament to the performance of our global MPLS capability, and is the first step to a rich range of TelePresence Managed Services which Tata Communications will be rolling out in the coming months."
For more information, visit www.tatacommunications.com.

About Tata Communications

Tata Communications Limited along with its global subsidiaries (Tata Communications) is a leading global provider of the new world of communications. The company leverages its Tata Global Network, vertical intelligence and leadership in emerging markets, to deliver value-driven, globally managed solutions to the Fortune 1000 and mid-sized enterprises, service providers and consumers.

The Tata Communications portfolio includes transmission, IP, converged voice, mobility, managed network connectivity, hosted data center, communications solutions and business transformation services to global and Indian enterprises & service providers as well as, broadband and content services to Indian consumers. The Tata Global Network encompasses one of the most advanced and largest submarine cable networks, a Tier-1 IP network, connectivity to more than 200 countries across 300 PoPs and more than one million square feet data center space.

Tata Communications serves its customers from its offices in 80 cities in 40 countries worldwide. Tata Communications has a strategic investment in South African operator Neotel, providing the company with a strong anchor to build an African footprint.

The number one global international wholesale voice operator and number one provider of International Long Distance, Enterprise Data and Internet Services in India, the company was named "Best Wholesale Carrier" at the World Communications Awards in 2006 and was named the "Best Pan-Asian Wholesale Provider" at the 2007 Capacity Magazine Global Wholesale
Telecommunications Awards for the second consecutive year.

Becoming the leading integrated provider to drive and deliver a new world of communications, Tata Communications became the unified global brand for VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise Business Unit and CIPRIS on February 13, 2008.

Tata Communications Ltd. is a part of the $29 billion Tata Group; it is listed on the Bombay Stock Exchange and the National Stock Exchange of India and its ADRs are listed on the New York Stock Exchange (NYSE: TCL).
www.tatacommunications.com

About Cisco Systems

Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com.

For ongoing news, please go to http://newsroom.cisco.com.
Cisco, the Cisco logo, Cisco Systems and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partnership does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.

Forward-looking and cautionary statementsCertain words and statements in this release concerning Tata Communications and its prospects, and other statements including those relating to Tata Communications' expected financial position, business strategy, the future development of Tata Communications' operations and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications' network, failure to develop new products and services that meet customer demands and generate acceptable margins, failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services, failure to stabilize or reduce the rate of price compression on certain of the company's communications services, failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications' industry, and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications' control, include, but are not limited to, those risk factors discussed in Tata Communications' various filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.

Tata Communications
Janice Goveas, +91 22 66 10 7842
janice.goveas@tatacommunications.com
or STC Associates
Kristen Massaro, + 1 212 725 1900 ext. 229
kristen@stcassociates.com
or Cisco
Varghese M. Thomas, +91 80 41593226
vmthomas@cisco.com

Business in Asia Today - March 17, 2008

S KOREA'S KOOKMIN BANK TO BUY 30 PCT STAKE IN KAZAKH LENDER
SEOUL (ANTARA News/Asia Pulse) - South Korea's top lender Kookmin Bank (KSE:060000) said today it had decided to buy a 30 per cent stake in a bank in Kazakhstan for 621.3 billion won (US$623.2 million) as part of efforts to expand its global networks. Kookmin Bank said it had agreed to buy the stake in Bank CenterCredit, Kazakhstan's sixth-largest lender, and planned to increase its holdings to as much as 50.1 per cent through stock purchases or new share offerings. "The deal will pave the way for Kookmin to secure a new growth engine by tapping the Central Asian markets," an official at Kookmin Bank said.

HANOI'S NOI BAI AIRPORT TO BUILD SECOND TERMINAL
HANOI (ANTARA News/Asia Pulse) - The construction of a second passenger terminal (T2) at Hanoi's Noi Bai International Airport is expected to commence in October 2008.
The T2 terminal will be built at a cost of close to US$419 million, which comes from the national reserve capital through the Viet Nam Development Bank. It is designed to receive 10 million passengers per annum once it becomes operational in October, 2010, coinciding with the 1,000th anniversary of Thang Long-Ha Noi.
At that time, the existing terminal T1 capable of handling 6 million passengers will only serve domestic flights.

SAMSUNG HEAVY WINS US$1.3 BLN SHIP ORDER
SEOUL (ANTARA News/Asia Pulse) - Samsung Heavy Industries Co. (KSE:010140), the world's second-largest shipyard, said today that it had won a deal valued at 1.35 trillion won (US$1.3 billion) to build two drill ships.
The deal with an unidentified American company called on Samsung Heavy to deliver the vessels, used for deep-water oil exploration, by July 2011, the company said in a regulatory filing.
Shipyards in South Korea, the world's largest shipbuilding nation, have received record orders in recent years as demand has surged for vessels to transport raw materials to China and goods to the rest of the world.

MITSUBISHI MOTORS TO OFFER LOW-EMISSION DIESEL VEHICLES IN JAPAN
TOKYO (ANTARA News/Asia Pulse) - Mitsubishi Motors Corp. (TSE:7211), which already has plans to sell low-emission diesel vehicles in Europe, will release them at home as well, President Osamu Masuko told The Nikkei in an interview.
"Market conditions have ripened for diesel vehicles in Japan," Masuko said in reference to such factors as higher environmental awareness. Mitsubishi Motors plans to sell diesel vehicles domestically following their 2009 European launch.
In its three-year business plan through fiscal 2010 drawn up at the end of last month, the automaker says it will spend an average of 90 billion yen (US$895.6 million) a year on capital investment, up 7 per cent from the average for the previous three years, and an average of 80 billion yen a year on R&D, up 8 per cent.
Most of this money is to be spent on environmental technologies, including electric vehicles.

INDONESIA'S PT SAMPOERNA TO INVEST $US66 MLN IN EXPANSION
JAKARTA (ANTARA News/Asia Pulse) - Agribusiness company PT Sampoerna Agro (JSX:SGRO) has said it will invest up to Rp600 billion (US$66 million) this year building new palm oil processing plants and expanding oil palm plantations.
The company planned to start planting oil palm trees on more than 15,000 hectares of plantation land in Sumatra and to open 20,000 hectares of new plantation lands, President Allan Goeh said.
The company may not need to borrow to finance the investment as it is financially healthy, he said.
The company earned handsome profits last year, with the soaring price of palm oil rising to US$1,200 per ton from earlier expectations of only US$585 per ton.

CHINA'S FIRST JOINT FUTURES FIRM TO ACCELERATE NATIONAL DISTRIBUTION
BEIJING (ANTARA News/Asia Pulse) - The Galaxy Futures Brokerage Co., Ltd., China's first joint futures company, will accelerate distribution nationwide to set up operations in China's major cities before the end of this year, said Chen Xiaoxue, chairman of the company.
Jointly funded by Galaxy Securities Brokerage Company and ABN AMRO Bank, the futures company, with registered capital of 120 million yuan (US$16.9 million) has established seven operations in seven Chinese cities, including Beijing and Shanghai.
The company plans to establish six to eight operations within a year and transfer its headquarters from Dalian to Beijing.

SAMSUNG ELECTRONICS TO UPGRADE CHIP LINES
SEOUL (ANTARA News/Asia Pulse) - Samsung Electronics Co. (KSE:05930, the world's largest maker of computer memory chips, has said it will spend 1.34 trillion won (US$1.3 billion) to upgrade its existing memory chip lines.
The investment was aimed at boosting price competitiveness by lowering production costs, Samsung Electronics said in a regulatory filing.

AUSTRALIA'S HASTIE GROUP ACQUIRES TWO QLD HYDRAULICS FIRMS
SYDNEY (ANTARA News/Asia Pulse) - Industrial refrigeration and building services company Hastie Group Ltd (ASX:HST) has acquired two hydraulics firms in Queensland and reaffirmed its full year earnings guidance.
Hastie will pay a combined purchase price for the two businesses, Beavis & Bartels and GTS Plumbing, of $A21.5 million ($US19.98 million) cash, plus a performance-based earn out over two years.
"These two acquisitions are the next significant step in our stated strategy to build a national commercial hydraulics business," chief executive David Harris said.

BAKRIE TELECOM CHALKS UP 98 PCT INCREASE IN NET PROFIT
JAKARTA (ANTARA News/Asia Pulse) - The net profit of publicly traded telecommunications company PT Bakrie Telecom (JSX:BTEL) shot up 98.5 per cent to Rp144.27 billion (US$16 million) last year, from only Rp72.68 billion in the previous year.
Company finance director Jastiro Abi attributed the increase in profit to the fast-growing number of subscribers and the successful expansion of coverage to the regions.
Jastiro said the increase in the number of subscribers to 3.82 million from 1.55 million had resulted in a 112 per cent rise in its income to Rp1.29 trillion from Rp607.07 billion. In 2007, the firm expanded its network service to 17 more cities, bringing the number of cities it covers to 34.

HONG KONG GNP RISES 14.6 PCT IN FOURTH QUARTER OF 2007
HONG KONG (ANTARA News/Asia Pulse) - Hong Kong's gross national product in the fourth quarter of last year rose by 14.6 per cent over a year earlier to 465.3 billion HK dollars ($US59.8 billion), according to the latest official figures.
During the period, the gross domestic product of Hong Kong is estimated at 447.2 billion HK dollars, up 11.7 per cent, said the Census and Statistics Department of the Hong Kong Special Administrative Region government.
After netting out the effect of price changes, Hong Kong's GNP rose 9.4 per cent in real terms.

Source:
Business in Asia Today - MARCH 17, 2008
published by Asia Pulse

COPYRIGHT © 2008

Business in Asia Today - March 18, 2008

CHINA'S SHENHUA ENERGY POSTS US$2.8 BLN IN NET PROFITS IN 2007
BEIJING (ANTARA News/Asia Pulse) - China's largest coal producer Shenhua Energy Co., Ltd. (SSX:601088, SEHK:1088) earned 19.766 billion yuan (US$2.8 billion) of net profits in 2007, an increase of 18.9 per cent year on year, according the annual report issued by the company Monday.
The per share earning was 1.066 yuan, said the report.
In 2007, Shenhua generated 82.107 billion yuan of operating turnover, increasing 65.186 billion yuan or 26.0 per cent over the previous year; and 29.959 billion yuan of operating profits, up 24.76 billion yuan or 21.0 per cent year on year.

PHILIPPINES' PETRON TO CONSTRUCT US$1.5 BLN PLANT
MANILA (ANTARA News/Asia Pulse) - Philippines oil giant Petron Corporation is set to construct the second phase of its Petro FCC plant worth US$1.5 billion.
Nicasio Alcantara, chairman of Petron Corp., said the project is expected to be completed 2013 to 2014 with the construction to start on 2009.
It will be funded using equity and borrowings, Alcantara said during a press briefing Monday. He said there was no definite program yet, but the company was still determining the capacity of the second phase.
Last month, Petron opened the first phase of its Petro Fluidized Catalytic Cracker (Petro FCC) and a propolyne Recovery Unit (PRU) at its Bataan Refinery.

S KOREAN FIRMS' EXPOSURE TO BEAR STEARNS REACHES US$445 MLN
SEOUL (ANTARA News/Asia Pulse) - South Korean financial institutions' investments in ailing Bear Stearns Cos. is around 443.1 billion won (US$445.3 million), but its negative impacts would be limited following the sale of the U.S. investment bank, the financial watchdog said Tuesday.
According to the Financial Services Commission (FSC), local securities houses have invested 211.1 billion won in equity-linked securities issued by the American No. 5 securities house.
Exposures by local banks and insurers amounted to 40 billion won and 192 billion won, respectively.

NSW'S US$11.5 BLN RAIL PROJECT TO LINK SYDNEY TO NORTHWEST
SYDNEY (ANTARA News/Asia Pulse) - Sydney will have a metropolitan style rail system linking the city's northwest to the CBD in a A$12.5 billion (US$11.51 billion) project to be fully operational by 2017, the New South Wales government announced today.
The 17 station project will begin at Rouse Hill and travel though the northwest to St James station in the city centre.
The first Metro train will run in Sydney in 2015, operating between Castle Hill and Epping with the entire line to be fully functional two years later.

INDONESIA'S UNITED TRACTORS TO INVEST US$200 MLN THIS YEAR
JAKARTA (ANTARA News/Asia Pulse) - Indonesian heavy equipment company PT United Tractors (UT) (JSX:UNTR) said it will spend US$200 million this year, mainly on new equipment.
United Tractors finance director Gidion Hasan said replacement of old equipment used by its subsidiary PT Pamapersada will cost around US$150 million.
PT Pamapersada operates in mining contracting service handling a number of projects awarded by a number of major coal mining companies such as PT Adaro Indonesia, PT Kaltim Prima Coal, PT Tambang Batubara Bukit Asam (JSX:PTBA) and Kideco Jaya Agung.

MALAYSIA'S IOI CORP BUYS STAKES IN SARAWAK OIL PALM PLANTATIONS
KUALA LUMPUR (ANTARA News/Asia Pulse) - IOI Corporation Berhad (KLSE:1961) Tuesday said that it has signed agreements to acquire stakes in several oil palm plantation firms in the East Malaysian state of Sarawak for RM439,852,203 (US$139 million).
IOI Corp's effective stake in the plantation lands owned by the companies is equivalent to 65 per cent in value terms, with the balance predominantly held by the Land Custody and Development Authority (LCDA) and local natives.
IOI Corp, which is Malaysia's second largest plantation group, said the acquiree companies have a combined plantation landholding of 44,350 hectares of which 13,500 ha is planted with oil palm.
The proposed acquisition will increase the group's plantation holding to 365,800 ha.

INDIA'S TECH MAHINDRA SIGNS US$350 MLN DEAL WITH BT GROUP
MUMBAI (ANTARA News/Asia Pulse) - Tech Mahindra (BSE:532755) on Monday said it has signed a US$350 million deal with BT Group for providing communications solutions.
Tech Mahindra has signed a five-year deal to provide BT with application maintenance and support services for their business software solutions and open source software platforms, the company said in a filing to the Bombay Stock Exchange.
These services would be delivered from the firm's facilities in India and a new facility being setup in the UK to monitor BT's core business processes.

PETROVIETNAM TO LAUNCH MAJOR PROJECTS IN QUANG BINH
QUANG BINH (ANTARA News/Asia Pulse) - The Vietnam National Oil and Gas Group (PetroVietnam) will invest in a deep water seaport system, shipbuilding, thermoelectricity, LPG entrepot and fertiliser projects in central Quang Binh provinces Hon La area.
To this effect, an agreement to boost investment cooperation in the Hon La area was signed between PetroVietnam and the provincial People's Committee in Dong Hoi city on March 16.
Under the agreement, PetroVietnam will be allowed to get involved in mineral exploitation and tourism, trade and insurance
operations in the area.

S KOREAN WATCHDOG CLEARS WOORI FINANCE'S TAKEOVER PLAN
SEOUL (ANTARA News/Asia Pulse) - South Korea's corporate watchdog said today that there is no anti-competition issue with Woori Finance Holdings Co.'s (KSE:053000) planned deal to purchase a local life insurer, clearing the way for the merger between the nation's two financial companies.
The ruling by the Fair Trade Commission (FTC) followed a request made by the Financial Services Commission last month for a review of the proposed takeover deal by Woori Finance Holdings of LIG Life Insurance Co.
In January, a consortium of Woori Finance and Britain's largest insurer Aviva Plc agreed to buy a 91.65 per cent stake in the South Korean life insurer for 137.1 billion won (US$133.9 million).
According to the agreement, Woori Finance will own 51 per cent of the life insurer while Aviva will hold the remainder.

GENERAL MOTORS TO LAUNCH NEW SMALL CAR IN INDIA IN 2 YRS
NEW DELHI (ANTARA News/Asia Pulse) - To make India an export hub for small cars, General Motors India (GMI) on Monday said it will launch a new small car here in the next two years, which will be priced below its existing cheapest model.
The company also plans to increase its US$300 million export business of automotive components by 2-3 times in the next 3-4 years in the country.
General Motors Group Vice President David N Reilly told reporters there was enough room for another entry in the mini car segment.
He said the new small car would be priced lower than its current cheapest vehicle, the Chevrolet Spark.

Source:
Business in Asia Today - MARCH 18, 2008
published by Asia Pulse

COPYRIGHT © 2008

Business in Asia Today - March 19, 2008

CATHAY PACIFIC WINS NEW CARGO TERMINAL FRANCHISE AT HKIA
HONG KONG (ANTARA News/Asia Pulse)- The Board of Airport Authority Hong Kong awarded a franchise for building a new cargo terminal at Hong Kong International Airport (HKIA) to a subsidiary of Cathay Pacific Airways Limited (SEHK:0293) here Tuesday.
According to the contract, Cathay Pacific Services Limited, a subsidiary of the parent airways, will design, construct and operate the 10-hectare new cargo terminal during the non-exclusive, 20-year franchise.
The new terminal and recently completed enhancements to the cargo apron, taxiways and aircraft stands will equip HKIA to meet future demand for cargo services and to maintain its position as the region's premier air cargo hub.

CHINA STATE SHIPBUILDING CO. REPORTS 140 PCT JUMP IN NET PROFIT
BEIJING (ANTARA News/Asia Pulse)- China State Shipbuilding Co., the nation's biggest shipyard, said its 2007 net profit soared 140 per cent as it increased production to meet rising demand for vessels and diesel engines.
Net income reached 2.92 billion yuan (US$412.2 million) or 5.53 yuan per share last year, up from 1.22 billion yuan or 2.63 yuan per share in 2006, the Shanghai-based company said in a statement.
Sales rose 52.3 per cent to 17.9 billion yuan last year after the state-owned company turned out 85 ships, with a total carrying capacity of 6.55 million tons, the second largest output in the world.

JAPANESE PUBLISHERS PROMOTE CHARACTER PRODUCTS AS SALES DIP
TOKYO (ANTARA News/Asia Pulse)- Japanese publishers Kodansha Ltd. and Shogakukan Inc. said Tuesday that they will partner with 12 companies, including apparel firm Uniqlo Co. and candy maker Ezaki Glico Co. (TSE:2206), to develop products incorporating popular cartoon characters.
The collaboration led by rival publishers is aimed at attracting young people to comic books, whose circulation is on the decline.
Uniqlo on Wednesday will start selling T-shirts featuring characters from Kodansha's Weekly Shonen Magazine and Shogakukan's Weekly Shonen Sunday.

BIMAN BANGLADESH TO LEASE PLANES TO BOOST FLIGHTS IN MIDDLE EAST
DHAKA (ANTARA News/Asia Pulse)- Biman Bangladesh Airlines Limited, now spreading its wings in a turnaround, is likely to have another Boeing in its fleet in May to increase its flight operations to the Middle East.
The latest procurement is part of its ongoing renovation process to make the national flag carrier a world-class airline.
The next Boeing 747 will be incorporated under Aircraft, Crew, Maintenance and Insurance (ACMI) lease process for one year and will be used to operate flights to the Gulf and Middle Eastern countries.

KOREAN LAW FIRM EARMARKS UZBEKISTAN FOR NEW OPERATION
TASHKENT (ANTARA News/Asia Pulse)- South Korean law firm Yoon Yang Kim Shin & Yu has flagged the imminent opening of a new office in Tashkent, Uzbekistan, its second foreign office after Tokyo, Japan.
The firm is currently finalizing plans to hire local lawyers on the ground in Uzbekistan, and will also have a Korean lawyer working out of the new Tashkent office.
Senior Foreign Legal Consultant, Jiyul Yoo, said many Korean companies are expanding into Uzbekistan and neighboring countries to participate in projects and construction, and that an opportunity exists for the firm to capture this outbound business by being a "first-mover.

MALAYSIA'S TENAGA, JAPAN'S J-POWER TO BUILD BIOMASS POWER PLANT
KUALA LUMPUR (ANTARA News/Asia Pulse)- Tenaga Nasional Berhad (TNB) (KLSE:5347) on Tuesday said it has signed a Memorandum of Understanding with Felda Palm Industries Sdn. Bhd. (FPI) and Japan's J-Power (TSE:9513) to jointly develop a 10 MW biomass power plant in Jengka in the central state of Pahang.
The power plant will be implemented under the Small Renewable Energy Power Programme (SREP) launched by the Malaysian government to promote the utilisation of renewable energy in power generation.
The project on a 4.6 hectare site is expected to be completed by the end 2010, TNB said in a statement.

AUSTRALIA'S OROTON BOOKS 70.2 PCT SURGE IN H1 PROFIT
MELBOURNE (ANTARA News/Asia Pulse) - Upmarket clothing firm OrotonGroup (ASX:ORL) is "cautiously optimistic" about trading over the rest of the year after a booking a 70.2 per cent surge in first half profit.
OrotonGroup, which trades in the Oroton and Polo Ralph Lauren brands, reported a record net profit of $A10.4 million ($US9.65 million) for the six months ending January 26, 2008.
That result compares to $A6.1 million ($US5.66 million) net profit for the corresponding period last year as the clothing firm moves through a restructure of its business. OrotonGroup's chief executive Sally Macdonald said trading for the first seven weeks of the second half were in line with expectations, despite the current economic uncertainty.

ASX-LISTED OIL SEARCH TO FINANCE US$2.9 BLN OF PNG LNG PROJECT
MELBOURNE (ANTARA News/Asia Pulse)- Oil Search Ltd (ASX:OSH) says it will have to contribute about $US2.9 billion ($A3.12 billion) to finance its Papua New Guinea liquefied natural gas (LNG) project.
The LNG project aims to commercialise a number of fields in the Southern Highlands and Western Provinces of PNG, which will be treated and then piped to a storage facility 20 kilometres north-west of Port Moresby.
Chief financial officer Nigel Hartley said the joint debt requirement for the project would be about $US9.9 billion ($A10.67 billion), with Oil Search expected to contribute $US2.9 billion ($A3.12 billion).

INDIA'S TCS OPENS NEW DEVELOPMENT CENTRE IN US
NEW DELHI (ANTARA News/Asia Pulse)- India's largest software exporter Tata Consultancy Services (BSE:532540) said Tuesday it has set up a software development and delivery center in North America with a capacity of 1,000 seats to cater to the customers there.
The center located in Milford, Ohio, a suburb of Cincinnati, can accommodate up to 1,000 associates, TCS said in a statement.
"Most of them will be locally hired from the region and its universities," the statement added. The company has selected Cincinnati and the Ohio region as it met all its criteria in terms of proximity to customers, strong talent pool, and a significant economic base that includes 10 Fortune 500 Companies, N Chandrasekaran, TCS chief operating officer and executive director, said.

INDIA'S L&T BAGS US$44.2 MLN ORDER FROM CHINESE FIRM
MUMBAI (ANTARA News/Asia Pulse)- Indian engineering and construction major Larsen & Toubro (L&T) (BSE:500510) on Tuesday said it has bagged a 28 million euro (US$44.2 million) contract from a Chinese firm for supply of gasification equipment.
The heavy engineering division of Larsen & Toubro would supply coal gasifier and syngas cooler assembly to Hebi Coal and Electricity, a subsidiary of Zhongyuan Coal Chemical Industry, for utilisation in its methanol plant, L&T informed the Bombay Stock Exchange.
The company's manufactured equipment would help produce 600,000 tonnes per annum of methanol, it said. The equipment would be manufactured at L&T's Powai and Hazira facilities.

Source:
Business in Asia Today - Mar. 19, 2008
published by Asia Pulse

COPYRIGHT © 2008

Visa prices initial public offering

San Francisco, California, (ANTARA News/PRNewswire-AsiaNet) - Visa Inc. (NYSE: V) announced today that it has priced the initial public offering of 406,000,000 shares of Class A common stock at $44 per share.

Visa's shares will begin trading on March 19, 2008, on the New York Stock Exchange under the ticker symbol "V". The closing of the offering is scheduled to take place on March 25, 2008.

Visa expects net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $17.3 billion. The underwriters have a 30-day option to purchase up to 40,600,000 additional shares of Class A common stock to cover over-allotments, if any.

Visa Inc. is a global company with operating regions in Asia-Pacific; Canada; Central and Eastern Europe, Middle East and Africa; Latin America and Caribbean; and the USA. Visa Europe is and will remain a member-owned association and a separate entity that is an exclusive licensee of Visa Inc.'s trademarks and technology in the European region.

JPMorgan, Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC, Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are acting as joint bookrunners with respect to the offering. The shares of Class A common stock are being offered only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission Web site at http://www.sec.gov.

Alternatively, you may obtain a copy of the final prospectus by contacting:

-- J.P. Morgan Securities Inc., National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone +1 718 242 8002, facsimile +1 718 242 8003

-- Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004, facsimile +1 212 902 9316, e-mail prospectus-ny@ny.email.gs.com.

-- Banc of America Securities LLC, 100 W. 33rd Street, 3rd Floor, New York, NY 10001, telephone +1 646 733 4166, e-mail dg.prospectus_distribution@bofasecurities.com

-- Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone +1 718 765 6732

-- HSBC Securities (USA) Inc., Equity Syndicate Desk, 452 Fifth Ave., 3rd Floor, New York, NY 10018, telephone +1 212 525 5000

-- Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Prospectus Department, 4 World Financial Center, 5th Floor, New York, NY 10080, telephone +1 212 449 1000

-- UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York, NY 10171, telephone +1 212 821 3884

-- Wachovia Capital Markets, LLC, 375 Park Avenue, New York, NY 10152, e-mail equity.syndicate@wachovia.com

This press release shall not constitute an offer to sell or a solicitation of an offer to buy Class A common stock of Visa Inc., nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Visa: Visa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms.

This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries.

Contacts: Sandra Chu, Media Relations Visa Inc.
Tel: +1 415 932 2564 E-mail: globalmedia@visa.com Victoria
Hyde-Dunn, Investor Relations Visa Inc.
Tel: +1 415 932 2119 E-mail: vhydedun@visa.com

SOURCE Visa Inc.
CONTACT: Sandra Chu, Media Relations, +1-415-932-2564,
globalmedia@visa.com,
or Victoria Hyde-Dunn, Investor Relations, +1-415-932-2119,
vhydedun@visa.com, both of Visa Inc.
Web site: http://www.sec.gov

COPYRIGHT © 2008

POSDATA brings 1st Mobile WiMAX experience to Thailand

High-Tech editors WiMAX World Asia 2008

Seoul, South Korea (BUSINESS WIRE) - POSDATA Co.,Ltd (KOSDAQ:022100), the global Mobile WiMAX solution provider in the brand name of FLYVO, showcases their latest Mobile WiMAX experience for the conference attendees, March 19-20, at the Bangkok Convention Center, WiMAX World Asia 2008.

The demonstration will highlight to the conference guests the capabilities of the Mobile WiMAX technology such as high-speed internet access and multimedia services while on the move on a luxury bus in cooperation with a local operator.

Speaking at the Bangkok Convention Center, Joonil Shin, Executive Vice President of Posdata, said, "The Thai market is important to us and we see from our experience in Korea that the deployment of Mobile WiMAX in Thailand will lead to many opportunities for developing the Thai economy in general, and the ICT industry in particular."

The company provides a specially designed bus tour for mobile WiMAX service experience via live system in the vicinity of the Bangkok Convention Center at Central World, where the event is held. FLYVO bus demonstrates a wide array of multimedia services, such as video telephony, real-time video & audio streaming, and web searches using mobile WiMAX network.
Inside the exhibition area, POSDATA showcases Wave II base stations and user terminals such as USB modem, gateway router, and portable gaming device.

As well as the live demo POSDATA is also working closely with a local telecom operator on a Mobile WiMAX field trial for the Bangkok area.

This trial will enable the local operator to gather important data on the systems performance.

Joonil Shin added that, "POSDATA is very excited to be collaborating with our local partners," saying that, "The Thai government plans to offer commercial services starting next year in the frequency bands of 2.3GHz and 2.5GHz and POSDATA is fully ready to support the visionary plans of the Thai government in its efforts."

POSDATA is a pioneer of Mobile WiMAX and has done many such demonstrations and deployments in Korea and other countries in South East Asia.

POSDATA participated in WiMAX World Asia 2008, Bangkok, as the premier sponsor, which started on March 18 and featured the company's cutting-edge equipment.

About POSDATA Co., Ltd POSDATA Co., Ltd.

(KOSDAQ:022100) is a global company that provides end-to-end mobile WiMAX solutions. Based on its core mobile WiMAX technologies developed in-house, the company has been providing mobile WiMAX base stations, ASN-gateways, network management systems, as well as user terminals.

FLYVO is the brand name for POSDATA's mobile WiMAX business. For more information, please visit www.flyvo.com.

POSDATA Co., LtdLuke Lee, +82-31-779-2454 hklee@posdata.co.kr

Thailand is geared up to host THAIFEX-World of Food ASIA 2008

Thailand is Geared Up and Ready to Host THAIFEX-World of Food ASIA 2008 and to Show the World its Capabilities to Become Asia's Premier Food Exposition Center

Bangkok /InfoQuest-AsiaNet/ - Thailand is all geared up and ready to organize THAIFEX in a gigantic venue of 40,000 sq.m. The country is also taking this event as an opportunity to demonstrate to international visitors its capabilities to become Asias premier center of international expositions on food-related products, services and technologies. The event promises to feature in over 2,100 booths, 1,100 exhibitors who are all leading food entrepreneurs from Thailand and overseas. Food industry professionals and interested people from around the world will also be welcomed and encouraged to participate in trade negotiations at the event.

Mr. Rachane Potjanasuntorn, Director-General of Department of Export Promotion, Ministry of Commerce ,revealed that, Undoubtedly, THAIFEX will be one of the grandest and most significant food expositions in Asia. It is organized by the outstanding partnership of Department of Export Promotion, Thai Chamber of Commerce and the world-class German event organizer Koelnmesse. The event will take place between May 21st-25th, 2008, IMPACT, Bangkok, Thailand.

The event aims to offer a one-stop shopping experience for the latest and the very best in food innovations including the following:

*Food Catering presents a range of modern kitchenware with sophisticated technologies, service businesses in the food industry
*Food Technology showcases advanced machinery used in food production
*Hospitality Services displays hotel equipment and provides helpful advice on hotel businesses *Retail and Franchise offers consultation on retailing technologies and restaurant franchising in overseas markets

Mr. Rachane noted that, Last years event was indeed an overwhelming success with almost 100,000 international visitors. The great success in the past, of course, leads to even greater expectations for this years event. This annual food exposition has already become a much-awaited event for food industry professionals around the world. Here, potential buyers will have a chance to meet and discuss face-to-face with leading food entrepreneurs from Thailand and beyond, including those from England, USA, Switzerland, France, Germany, Denmark, Netherlands, Norway, Italy, Turkey, Australia, Russia, Japan, China, Hong Kong, Korea, Malaysia, Philippines, Saudi Arabia, Sinapore, Taiwan, Vietnam. It is truly a grand event not to be missed by buyers, importers, exporters, wholesalers, retailers, manufacturers and businesspeople from the food industry, especially those wishing to establish business connections with leading Thai food entrepreneurs whose reputation is highly regarded worldwide.
For more information, Integrated Communication Co., Ltd. incom@incom.co.th

SOURCE: Integrated Communication Co., Ltd.

Entropic Communications to showcase c. LINK in Beijing

Entropic Communications to Showcase c. LINK Product Solutions for Broadband Access and Home Networking At CCBN International in Beijing Entropic Silicon Tuners Will Also be Demonstrated Live At the STMicroelectronics Invitational Event

Beijing and San Deigo (PRIME NEWSWIRE) - Entropic Communications, Inc., a leading provider of silicon solutions to enable connected home entertainment, today announced that it will exhibit its c.LINK(r) suite of product solutions for broadband access and home networking in its booth (Hall 3, Booth 3505) at the China Content Broadcasting Network (CCBN) trade show held on March 21st -- 23rd. CCBN is China's only international conference specializing in broadcast, cable and satellite technology and one of the world's largest trade shows for broadband networking and digital TV. Since its premiere in 1993, CCBN has become one of the largest exhibitions in Asia and in the world.

Entropic Will Be Represented In Two Locations at CCBN

Entropic will be exhibiting in Hall 3, Booth 3505 and will be demonstrating its c.LINK technology for broadband access and home networking. c.LINK Access provides cost-effective last kilometer connectivity for single family and multi-dwelling unit (MDU) applications. Entropic's c.LINK home networking products are MoCA 1.1 compliant and enable whole home entertainment networking over coax. Entropic will be demonstrating c.LINK product solutions and featuring exhibits by its China partners incorporating Entropic's technology.

In parallel to the CCBN conference, STMicroelectronics will be hosting an invitation only demonstration in its suite at the Sheraton Hotel in Beijing to showcase its STB5107 set-top box powered by Entropic's RF4800 silicon tuner. Entropic's radio frequency (RF) single-chip silicon tuner solutions enable manufacturers in China to develop cost-effective, high-performing digital cable and TV products to accommodate the country's transition from analog to digital technologies and transmission standards.

Entropic has certified full firmware interoperability of the RF4800 tuner integrated circuit (IC) with ST's integrated video demodulator and MPEG decoder, the QAMi5107. Ideal for motherboard designs in STB applications, Entropic's RF4800 and STMicroelectronics' QAMi5107, together allow for more compact receiver designs than existing solutions. The QAMi5107 is an integrated low-power, ultra-compact DVB-C single-chip MPEG Demodulator that demodulates IF or baseband differential signals and performs MPEG-2 block processing of Quadrature Amplitude Modulation (QAM) carriers. The QAMi5107 is fully compliant with the DVB-C specification (EN 300 429 and NorDig Unified specification. Entropic and STMicroelectronics first announced their complete DVB-C set-top box reference design in November of 2007.

"We are delighted that Entropic will be represented in two locations at CCBN this year," stated John Graham, VP of Marketing at Entropic Communications. "The annual China Content Broadcasting Network conference is a pivotal show because it allows us the opportunity to establish business relationships that lay the groundwork for future partnerships. During this year's conference, we will be making several new partnership announcements with Chinese manufacturers. This momentum demonstrates Entropic's continued commitment to this rapidly growing region."

About Entropic Communications

Entropic Communications, Inc. is a leading fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The company's technologies significantly change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home. For more information, please visit www.entropic.com

The Entropic Communications logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4255

Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding the advantages and deployment of Entropic's and STMicroelectronics' combined technology, the benefits of Entropic's c.LINK Access technology, and potential future partnerships. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, the effects of competition; Entropic's dependence on a limited number of customers and ultimately service providers; Entropic's ability to introduce new and enhanced products on a timely basis; the risk that the market for high-definition television-quality video and other multimedia content delivery solutions based on the MoCA standard may not develop as anticipated; the effect of intellectual property rights claims; risks related to Entropic's international operations; and other factors discussed in the "Risk Factors" section of Entropic's Annual Report on Form 10-K for the fiscal year ended December 31, 2007. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.

-0- CONTACT: Entropic Communications
Media Contact:
Susan Huberman, VP, Corporate Communications
858-768-3711
susan.huberman@entropic.com
Investor Contact:
Debra Hart, Director, Investor Relations
858-768-3852
debra.hart@entropic.com
GlobalFluency
Media Contact:
Richard L. Tso
650/433-4153
rtso@globalfluency.com

YellowPages Corp Announces Australia's 1st travel website aggregator

The new and improved YELLOWPAGES.travel enables users to search the major travel sites at the same time with one click

Sydney (BUSINESS WIRE) - YellowPages Corporation, operator of popular business directories and telephone books today announced the all new www.YELLOWPAGES.travel, a tool that enables users to search the top travel websites such as Expedia, Travelocity, Orbitz, Priceline, Kayak, HotWire, SideStep, Hotels.com and other major travel websites at the same time with one click without having to search each website individually.

YELLOWPAGES.travel has found the solution for Australian travelers that are tired of searching over a dozen travel websites looking for bargains. A tool that enables users to enter their travel and flight information once and have the results pages of the major travel sites displayed with one click. With YELLOWPAGES.travel, users will no longer need to jump from site to site.

Travel businesses in Australia and around the world are encouraged to certify their travel business through YELLOWPAGES.travel's Certification Process. Approved travel businesses with no complaints with the Better Business Bureau (BBB), Travel Industry Association (TIA), local police and federal authorities and various other business verification services will receive a certified logo they can place on their website. The logo will tell users that the business is a safe
travel business to work with and the logo acts as a back link to YELLOWPAGES.travel which will help raise rankings on the major search engines such as Google and Yahoo. For more information please visit www.YELLOWPAGES.travel/GetCertified.

For advertising on YELLOWPAGES.travel or media inquiries please contact the company directly at Info@YELLOWPAGES.travel.
Weiss IR
John Shine, 866-848-3392

Air China set to move its airport operations to new Terminal 3

Beijing (ANTARA News/PRNewswire-AsiaNet) - Air China is set to move all of its Beijing Capital International Airport operations to New Terminal 3 at midnight on March 26, 2008. Better services and better facilities mean that all passengers will benefit.

As the world's largest airport terminal, Terminal 3 boasts state-of-the-art equipment and impressive architecture, but getting acclimatized to this new environment may take time. For passengers to have sufficient time to get to know the new facility, check-in counters for Air China's domestic flights will close 45 minutes before the scheduled flight departure time, and passengers for the company's international and regional flights will close 60 minutes before the scheduled flight departure time. Boarding gates for all of the company's flights will close 10 minutes before the scheduled flight departure time.

With Terminal 3 as the base for its airport operations in Beijing, Air China has put in place the Advanced Departure Control System, the Ground Operations Command System, the Automatic Check-in System and the Baggage Reconciliation System. Self check-in devices and an online check-in system, which allow passengers to pick seats and print boarding passes themselves, will be more readily available. The Baggage Reconciliation System will dramatically increase baggage handling efficiency, and it will make collecting luggage much quicker and easier for passengers.

As Terminal 3 is home to both Air China's international and domestic flights, flight transfer is now easy and convenient.

Members of the Star Alliance will also move their operations to the new facility, ensuring a passenger-friendly interface between Air China and Star Alliance. Personal services have also been improved -- Air China PhoenixMiles members can have their card reissued and mileage retro-credited at dedicated counters, and elite members are entitled to a bath, meal, video, massage, bar visit, internet access, and ironing.

Terminal 3 is easily accessible from the Litian Highway, the North Airport Highway, the Second Airport Highway and the Airport Rail Line. Passengers can get onboard the railway (scheduled to be operational in July of 2008) at Dongzhimen.
There is also a car parking lot, which offers 7,000 spaces.

Terminal 3 is by far the country's largest airport investment and also an important project in supporting the Beijing Olympics. As the only Olympics Airline Partner, Air China will make the most of the new facility's resources and contribute to making the Games as successful as possible.

Terminal 3 also affords an opportunity for Air China to pursue its hub-and-spoke strategy, achieve high operational efficiency and enhance service quality.

Passengers are requested to give themselves more time to get their bearings in the new terminal and go through the usual formalities at customs and passport control. For more information, please log onto http://www.airchina.com.cn or call the Air China service hotline in China 4008-100-999.

Helpful Advice:

As Air China will move into Terminal 3 on March 26, passengers of Air China need to check-in at Zones J, H and F. Please take note of the following details:

1. Domestic departure passengers, please go to Zone J through Gate 10 for check-in.
2. For passengers taking International, Hong Kong, Macao and Taiwan flights, please go to Zone F through Gate 8 for check-in.
3. First Class, Business Class and Air China club passengers, please go to Zone H through nearby Gate 8 for check-in.
4. Passengers taking flights belonging to The Star Alliance, please go to Zone E or D through Gate 4 or 6 for check-in.

In addition, passengers can reach Terminal 3 through the following ways:
1. Take the Airport shuttle bus located in fixed areas around the city.
2. Passengers traveling by car can take the South exit of the Airport Highway and follow the signs to Terminal 3.
3. If passengers go to Terminal 1 or 2 by mistake, please take the shuttle bus, operating in both Terminal 1 and 2, to Terminal 3, or walk to Terminal 3 by following the signs.

Contact:
Han Xiao
Marketing Brand Management
+86-10-6464-5220
hanxiao@mail.airchina.com.cn
SOURCE Air China

COPYRIGHT © 2008

TeleContinuity receives Japanese Telecoms Carrier License

Tokyo (ANTARA News/PRNewswire-AsiaNet) - TeleContinuity, Inc. announced today that it has been granted a Type II Carrier License from the Japanese Ministry of Internal Affairs and Communications. Effective as of February 28, 2008, the license will enable TeleContinuity to provide carrier services to the Japanese marketplace including VoIP, voice and data access as well as its flagship survivable telecommunications network to commercial, residential and government organizations throughout Japan.

"The licensing of TeleContinuity's backup telecom system by the Ministry shows that telecommunications continuity is of critical importance for the nation of Japan," said Taka Ito, Managing Director of TeleContinuity's Asia Pacific and Middle East Operations. "With the launch in Q1, 2008 of TeleContinuity's Japanese Service, we are seeing unprecedented demand for survivable backup telecommunication services throughout Japan and the Pacific Rim. Recent disasters have focused corporations on the necessity of business continuity planning and disaster recovery -- especially the critical role of maintaining telecom-continuity."

TeleContinuity local presence in Japan is enhanced through its distribution partnership with ECOSS Japan. "Since our sales and marketing campaign launched at the end of January 2008 we have seen an overwhelming response from the commercial and government marketplace," said Chihiro Tsuyuki, Chief Executive Officer of ECOSS, Inc. "TeleContinuity offers our customers and the Japanese marketplace a wide range of critical specialized telecommunications services that are utilized for telework, voice recovery and general business operations. Because of the critical need for survivable and disaster-proof telecom backup, there has been widespread excitement in the Japanese marketplace with many positive articles published in our nation's most important business magazines and newspapers. Many companies are inquiring about distribution and implementation agreements. ECOSS is looking forward to a strong year in 2008 as we deliver the TeleContinuity service in support of Japanese business and government agencies."

TeleContinuity recently participated at the ITPRO Expo 2008 at Tokyo BigSight in conjunction with its in-country strategic partner ECOSS. Additionally, Michael Rosenberg, Executive Vice President of TeleContinuity, was invited to speak on the subject of "maintaining telecommunications continuity during emergencies and disasters," at the 12th Annual Earthquake Technology Exhibition in Yokohama, Japan.

TeleContinuity delivers a global backup telecommunications infrastructure to backup voice and data applications and is available for license or individual company coverage.

TeleContinuity implementations provide corporate and government coverage for business continuity, disaster recovery and telework.

For more information about the company please visit http://www.telecontinuity.com or visit http://www.bcpvoice.jp

SOURCE: TeleContinuity, Inc.
CONTACT: Japan Contact:
Taka Ito,
+81(0)90-3095-4481, or
Corporate Contact:
Michael Rosenberg
+1-240-453-6238,
both of TeleContinuity, Inc.
Web site: http://www.telecontinuity.com
http://www.bcpvoice.jp

COPYRIGHT © 2008

Asia Media Systems announces incorporation of Cold Storage

Singapore (ANTARA News/PRNewswire-AsiaNet) - Asia Media Systems ("AMS") is pleased to announce the incorporation of its new subsidiary, Cold Storage Software Pte Ltd. ("Cold Storage"). Specialized in Network Attached Storage ("NAS") technology, Cold Storage engages in developing and marketing NAS products and solutions in the region.

"I am delighted to announce the incorporation of Cold Storage company. The establishment of Cold Storage symbolizes the commencement of our new strategic move", said Mr. Giang Phung, Chief Executive Officer of AMS.

Cold Storage carries products based on NAS technology. Designed to deliver improved performance, scalability and availability of cold multimedia contents and archived data storage, Cold Storage offers a range of NAS Gateway and NAS Appliance that can fulfill the stringent storage needs of high performance, demanding multimedia applications.

"Digital media applications such as IPTV and digital broadcast make use of very large data volumes, potentially tens or hundreds of terabytes, to store and deliver multimedia content to a large group of concurrent users over various types of network. Majority of the data is long tail and less-structured in format," said Mr. Dominic Mak, Managing Director of Cold Storage. "Frequently access is less than 10% of the media contents. That leaves the remaining 90% contents getting colder, where Cold Storage fits in. We aim at helping organizations with a well-balanced 'cost vs. size' while providing performance for applications with demanding I/O and network performance."

"Products from Cold Storage have been well accepted by heavy weight players in Korea, such as Korea Telecom and Munhwa Broadcasting Corporation. Our next move is China, where we are confident that our new storage technology can help to facilitate the digitization process which is taking place in this vast nation", said Mr. Giang Phung.

About Cold Storage

Cold Storage is forerunning solution provider specializes in developing advanced network attached storage (NAS) solution for cold multimedia content and archived data. Combining proven experience NAS system deployment and strong customer focus,
Cold Storage offers the right data storage solution that can provide the highest performance, help lower infrastructure investment and cost of ownership, improve service reliability and simplify system management. More information about Cold
Storage can be found at http://www.coldstoragesoftware.com .

About AMS

AMS is a regional technology company that focuses on providing digital media and network storage solutions to customers in Asia. Our forte is in the fields of digital media; digitize televisions, broadband network and storage systems.

At AMS, we stride to lead the digitization wave, by applying technology, be it to transform data centers into digital media centers, or uplift networks to support the new digital experience. Our people have years of experience and track records in building and delivering large-scale projects in Asia.

More information about AMS can be found at http://www.asia-ams.com .

For further information, please contact:
Clara So
Group Marketing Communications Manager
Tel:
+65-6744-6462
Fax:
+65-6744-5636
Email: clara.so@asia-ams.com
SOURCE Asia Media Systems

COPYRIGHT © 2008