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AsiaInfo Signs Business Intelligence Solution Contract With Air China
Contract Represents a Breakthrough for AsiaInfo's Strategy of Deploying
Enterprise Solutions Across Multiple Industries
BEIJING and SANTA CLARA, Calif., July 28 /Xinhua-PRNewswire-FirstCall/ -- AsiaInfo Holdings, Inc. , a leading provider of software, solutions and services to telecom operators and enterprises in China, today announced that it has signed a contract with Air China, a leading Chinese airline, to provide a Business Intelligence (BI) solution to its corporate offices in China.
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AsiaInfo will provide Air China with a comprehensive system to enhance the airline's monitoring of its business performance and to support its strategic analysis and decision making. Key components of the business intelligence solution being provided include budget forecasting, profit and loss analysis, data support, and financial information management.
"Flexible, timely and easy-to-use BI software is an increasingly common need for corporations like Air China that are looking to increase their efficiency and profitability," noted Mr. Xingsheng Zhang, AsiaInfo's President and Chief Executive Officer.
"This contract represents a strategic breakthrough for our BI solutions into a new vertical market and demonstrates that our efforts to enhance the marketing and sales of our enterprise solutions are paying off," continued Mr. Zhang. "The acquisition of Lenovo's IT services business, which we recently announced, will further accelerate our development as a leading provider of enterprise solutions and will create more opportunities in the future. Going forward, we expect that BI solutions will be a key growth driver for our new Lenovo-AsiaInfo enterprise solutions business."
Under the terms of the contract, AsiaInfo will implement the solution during the third quarter in Air China's Beijing headquarters as well as its South West, Zhejiang, Chongqing, Tianjin and Inner Mongolian branches, and Air China Cargo.
With 23,000 employees throughout its nationwide offices, Air China had business revenues of US$2.8 billion in 2002, and is a major player in China's airline industry. The company had previously contracted AsiaInfo to deploy its eHRM solutions.
About AsiaInfo Holdings, Inc.
AsiaInfo Holdings, Inc. is a leading provider of high- quality software and solutions in China. The company provides total customer solutions to some of China's largest companies, and helps its customers to increase their business value in fast-growing and evolving markets. AsiaInfo's products and services cover telecom network infrastructure and application services, encompassing messaging, broadband and wireless; customer relationship management (CRM) and billing solutions; decision support systems; business intelligence (BI); and human resource management (HRM).
Organized as a Delaware corporation, AsiaInfo began in 1995 as the constructor of national backbones and provincial access networks for all of China's major national telecom carriers, including China Telecom, China Mobile, China Unicom and China Netcom. After its acquisition of OSS vendor Bonson in 2002, and the HRM and BI business from Pacific Software in 2003, the company has successfully leveraged its strengths as a IT systems integrator and telecom software solution provider, to offer a full suite of IT services to a broad range of customers.
For more information about AsiaInfo, please visit http://www.asiainfo.com/.
The information contained in this document is as of July 28, 2004. AsiaInfo assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.
This document contains forward-looking information about AsiaInfo's operating results and business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. Among the factors that could cause actual results to differ materially are the following: government telecommunications infrastructure and budgetary policy in China; our ability to maintain our concentrated customer base; the long and variable cycles for our products and services that can cause our revenues and operating results to vary significantly from period to period; our ability to meet our working capital requirements; our ability to retain our executive officers; our ability to attract and retain skilled personnel; potential liabilities we are exposed to because we extend warranties to our customers; risks associated with cost overruns and delays; our ability to develop or acquire new products or enhancements to our software products that are marketable on a timely and cost-effective basis; our ability to adequately protect our proprietary rights; the competitive nature of the markets we operate in; political and economic policies of the Chinese government. A further list and description of these risks, uncertainties, and other matters can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2003, and in our periodic reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at http://www.sec.gov/.
US Contacts:
Renee Hartman
AsiaInfo Holdings, Inc.
ir@asiainfo.com
1-800-618-0588
408-970-9788
China Contacts:
Rachel Huo
AsiaInfo Technologies (China), Inc.
huoran@asiainfo.com
8610-6250-1658 ext. 8687
Christina Splinder
Ogilvy Public Relations Worldwide
Christina.Splinder@ogilvy.com
8610-8520-6550
Photo: http://www.newscom.com/cgi-bin/prnh/20040312/CNF002LOGO
AsiaInfo Holdings, Inc.
CONTACT: US - Renee Hartman, AsiaInfo Holdings, Inc., 1-800-618-0588,+1-408-970-9788, ir@asiainfo.com, or China - Rachel Huo, AsiaInfo Technologies(China), Inc., +8610-6250-1658, ext. 8687, huoran@asiainfo.com; or ChristinaSplinder, Ogilvy Public Relations Worldwide, +8610-8520-6550,Christina.Splinder@ogilvy.com, for AsiaInfo Holdings, Inc.
Web site: http://www.asiainfo.com/
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