May 3, 2006--CinTel Corp. (OTCBB
Penny Stocks:CNCN), a leader in Internet traffic management, announced today it has signed an agreement to become the exclusive distributor of "Email-Center" (
http://www.cleanspam.com/), an email archiving product of Comtrue Technologies Inc. (Comtrue,
http://www.comtrue.com), in Korea, several other Asian countries, the U.S. and Europe.
Comtrue is a significant provider of spam mail filtering and web sites access control solutions. Comtrue has the second largest market-share in the spam mail filtering industry in Korea with large corporations and government agencies as clients. Comtrue announced the development of the new product "Email Center" in February of this year for the email archiving and compliance markets.
Email Archiving is processed in a centrally located large data storage device instead of on an individual basis. In the past, emails were processed individually. In recent years email data has become an indispensable tool for the business process of most enterprises and thus, many enterprises need to build email archiving systems for their critical email data and corporate business process. Especially, in the United States, as the SEC (Securities and Exchange Commission) Rule 17-a, NASD (National Association of Securities Dealers) Rule 2210/3110, Sarbanes Oxley Act, and Basel II require nearly all listed corporations to archive emails, all such public companies already have or are in the process of adopting email archiving products and naturally, this market is expanding rapidly. In Korea, since October 2005, according to the Revised Basic Electronic Transaction Law, all documents in email form have legal effect and the Financial Supervisory Commission is recommending to all financial institutions to retain at least three years of email data. Because Korea still does not have any compulsory provision like the United States, when Korea adopts laws in conformity with financially more advanced countries, the email archiving market is likely to grow very rapidly.
In the Korean email archiving market, data storage players like EMC, Network Appliance and software players like Symantec are beginning to enter the market. However, the products offered by the overseas competitors have a variety of unresolved issues such as lack of Korean language support, compatibility problems due to supporting only certain types of email servers such as MS-Exchange Server and Lotus Domino. The overseas products have not yet established a significant foothold in the Korean email archiving market. On the other hand, Comtrue's Email Center, the only domestic email archiving solution in Korea, supports the Korean language (as well as English) perfectly, and guarantees compatibility with various email servers because of the independency of its architecture. Furthermore, because Comtrue has strategic alliances with world-renowned storage system providers such as EMC and Hitachi, Email Center's perfect compatibility with storage systems could be said to be an added advantage. In the next two to three years, the Korean email archiving solution market is estimated to be the largest demand market among storage as Korean email archiving is still in its infancy.
Comtrue's Email Center is expected to be the leading email archiving solution and the alliance of CinTel's global network and Comtrue's dominant technology is expected to make significant waves in Korea and overseas email archiving market. CinTel will initially target Email Center to shipping and airline enterprises and then to financial institutions, large conglomerates, and government agencies.
As CinTel's products iCache and PacketCruz iLog have offered network security solution against unauthorized export of credentials through emails, the addition of Email Center to its portfolio of security solutions offered substantially fortifies the strength of CinTel's products. This agreement will offer greater synergy to both companies, and CinTel is considering revising PacketCruz iLog's compatibility with Email Center depending on client demands.
Mr. No-Hyun Park, the President of Comtrue announced, "I am very pleased that through this agreement with CinTel, Comtrue will be able to make sales to financial and corporate markets in the US and abroad. Comtrue will focus more on R&D to improve our product and make it the best in email-related technology."
Sang-Don Kim, the CEO and President of CinTel Corp. stated, "This exclusive agreement with Comtrue represents a very good opportunity to gain entry in the email archiving market. Given that the email archiving business is just getting off the ground in Korea and CinTel has long-standing client relationships with significant corporate and financial clients, this agreement will lead to significant improvement in sales to CinTel as we become the dominant provider of email archiving solutions in Korea. We feel that there are still significant opportunities in Europe and the rest of Asia with this technology. Furthermore, the combination of CinTel's existing line of products given their ability to play significant role in the network security of corporations and Comtrue's email archiving technology will provide significantly improved network security solutions."
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