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FOR
IMMEDIATE RELEASE
InnoMedia
Signs MOU With AsiaCableTV.com To Launch VoIP Products And Services
Singapore and San Jose, CA — August 3, 2000 — InnoMedia™, a leading global provider of Internet telephony products and services, announced today that it has entered into a Memorandum of Understanding (MOU) with AsiaCableTV.com (ACTV) to jointly provide VoIP (Voice-over Internet Protocol) services to cable TV households and corporate users in China. ACTV, a Singapore-based company, is poised to be a leading broadband service provider in China, offering multimedia and interactive content to cable TV subscribers. It will be providing broadband services in two of China's most prosperous eastern seaboard provinces in the next six months. ACTV is one of four international technology companies which recently signed a pact with the Infocomm Development Authority of Singapore (IDA) to provide interactive broadband services on SingaporeONE.
"This alliance reflects our strategy of partnering with dominant players to deliver innovative and value-added VoIP services to their customers," said Mr. Kai Wa Ng, co-founder and CEO of InnoMedia. "We are delighted to work with AsiaCableTV.com, which will reach out to more than 10 million Chinese cable TV households and 300,000 small and medium-sized businesses."
Under the partnership agreement, ACTV will be responsible for the marketing and distribution of InnoMedia's InfoTalk®LAN product to its cable TV partners' subscriber network – both home users and businesses. Users of InfoTalk LAN will be able to make low cost international calls over InnoSphere, InnoMedia's global Internet telephony services network. InnoMedia is also developing interactive broadband products that will enhance ACTV's offerings to its cable subscriber base. InnoMedia will provide both customer and technical support for these products and services.
"We are very proud to partner with InnoMedia, who are leaders in VoIP technology," said Peter Grant, Chief Marketing Officer at AsiaCableTV.com. "On the strength of this alliance, we can now provide exciting new telephony services to a significant percentage of our customers and further enhance ACTV's role in the fast-growing broadband arena in China."
This is InnoMedia's second partnership in China. In May 2000, InnoMedia announced a strategic alliance with Tekson, one of China's top Internet service providers, in which Tekson will offer InnoMedia's Internet telephony services to its customers. InnoMedia and Tekson are also jointly developing a web-based call center with click-to-call capabilities.
Commenting on the vast potential of the Chinese Internet telephony market, Mr. Ng added, "China is the fastest growing market in Asia. Industry experts have forecast Internet penetration to escalate from 10 million users in 1999, to 80 million users by 2003. We believe that InnoMedia is well-positioned to tap this phenomenal growth by partnering with leading Internet service providers like as ACTV and Tekson."
About InfoTalk
LAN
InfoTalk LAN is a cost-effective, all-in-one IP telephony solution for
a networked environment. It integrates seamlessly with existing PBX systems
and brings instant VoIP capability to the office. InfoTalk LAN can also
be used effectively from the home, allowing users to take advantage of
high-speed, broadband Internet connections for high-quality Internet calls.
InfoTalk LAN users can also call other InfoTalk users anywhere in the
world for free and can place calls to any phone in over 200 countries
at attractive low per-minute rates through InnoSphere™, InnoMedia's
global Internet telephony service network.
About InnoMedia
Founded in 1995, InnoMedia is a privately held multinational organization
with operations in the United States, Singapore, Taiwan and China. InnoMedia
provides end-to-end IP telephony solutions for consumers, enterprises,
service providers and OEM customers. The company's integrated family of
products and its quality-managed network services enable enhanced telecommunications
services by employing the power of the Internet. For more information
on InnoMedia, visit the company's web site at www.innomedia.com.
About AsiaCableTV.com
AsiaCableTV.com (ACTV), a Singapore-based company, is a broadband Internet
access and multimedia content provider over existing cable infrastructure
in China, using set-top boxes. With two cable system partners located
in two key eastern seaboard provinces, the company will have access to
more than 10 million Chinese cable TV households and more than 300,000
small and medium-sized businesses. ACTV also develops and distributes
interactive Chinese language multimedia content through its broadband
network, focusing on entertainment, lifestyle and education. For more
information in ACTV, please contact Daniel Ong at (65) 324 5788 or email
him at daniel.ong@asiacabletv.com.
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InfoTalk is a registered trademark
of InnoMedia Incorporated.
InnoMedia, InnoSphere, and the InnoMedia logo are trademarks of InnoMedia
Incorporated.
