CinTel Corp. engages in the development, manufacture, and distribution of Internet traffic management solutions to businesses and consumers to manage and control large traffic. It provides iCache, an Internet caching system for accelerated content delivery, which is used by businesses, Internet service providers, educational institutions, and other organizations to manage and control Web traffic growth; and PacketCruz iLog, an automated log data management and analysis solution, which is used with iCache to provide automatic log data gathering, management, backup, analysis report generation, and searching for large sized log data. It also offers PacketCruz i2one that is an automatic network management solution for small and medium-sized networks; and PacketCruz iNetKeeper, an Internet gateway solution provides various features to manage a Cyber Apartment, including transparent/directory base user authentication services, IP address management, enhanced DHCP server, NAT, firewall, network monitoring, and integrated management services. CinTel Corp. distributes its products through direct sales model, resellers, and distributors in Korea, Japan, the Peoples Republic of China, and Singapore. The company was founded in 1997 and is based in Louisville, Kentucky.
CinTel Obtains Right to Distribute Lenovo Products in US Friday February 16, 10:52 am ET
Continues to Offer the Ability to Source Other Technology Equipment to Key Customers
LOUISVILLE, KY--(MARKET WIRE)--Feb 16, 2007 -- CinTel Corp. (CinTel) (OTC BB:CNCN.OB - News) announced that it has signed an agreement to become a Lenovo Solution Provider in the US market. Formerly known as the ThinkPad and ThinkCentere product lines offered by IBM, Lenovo has taken over these product lines and authorized CinTel as a distributor. The agreement includes the right to sell and market hardware for the next year. CinTel hopes this new offering will help solve the demand, expressed by several larger customers, to provide total solution offerings when introducing their traditional solutions to customers.
As a result of this investment, CinTel anticipates it will be able to make key, strategic, accretive acquisitions in the semiconductor and other industries that will create synergies with existing operations, thereby enhancing shareholder value. Sang Don Kim, the CEO of CinTel Corp, said, "We are excited to receive this considerable investment in the form of convertible bonds in CinTel at a significant premium to the current stock price of CinTel. CinTel plans to become a major semiconductor player with some very important acquisitions. When all the pieces of the puzzle are fitted together, a picture of a vibrant, profitable and growing company with a unique business model will continue to emerge."
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