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AsiaInfo Selected to Build P2P SMS Settlement System for China Mobile Headquarters

Posted on: Thursday, 13 August 2009, 07:00 CDT

BEIJING and SANTA CLARA, Calif., Aug. 13 /PRNewswire-Asia-FirstCall/ -- AsiaInfo Holdings, Inc. (Nasdaq: ASIA) ("AsiaInfo" or the "Company"), a leading provider of telecom software solutions and IT security products and services in China, today announced that it will develop a Point-to-Point ("P2P") Short Message Service ("SMS") settlement system for China Mobile's headquarters.

"This is the first cross-provincial SMS settlement system to be built in China and highlights our extensive experience in providing innovative software solutions to a rapidly evolving telecom industry," said Steve Zhang, AsiaInfo's president and chief executive officer. "The settlement system will amalgamate data from 31 China Mobile subsidiaries into one, headquarter-based system and be able to manage more than 17 billion SMS messages every month, making it the largest SMS settlement system in the world."

The P2P SMS settlement system is being built in response to China Mobile's initiative to ensure fairness in SMS settlement charges between provinces. Equipped with efficient and highly precise settlement capabilities, the system will enhance the operators' ability to organize and monitor SMS messages used by customers based in different provinces and is expected to reduce operating costs.

About AsiaInfo Holdings, Inc.

AsiaInfo Holdings, Inc. (NASDAQ: ASIA) is a leading provider of high-quality telecom software solutions and IT security products and services to some of China's largest enterprises as well as many small and medium sized companies in China. An established leader in the Chinese telecommunications industry, AsiaInfo became a prominent supplier of IT security products and services in China with the acquisition of Lenovo's non-telecom related IT services business in 2004.

Organized as a Delaware corporation, AsiaInfo began operations in the United States in 1993. The Company moved major operations to China in 1995 and played a significant role in the construction of the 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. Since 1998, AsiaInfo has continued diversifying its product offerings and is now a major provider of telecom software solutions in China.

For more information about AsiaInfo, please visit http://www.asiainfo.com .

Safe Harbor Statement

The information contained in this document is as of August 13, 2009. 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 billing 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, 2008, and in our reports on Forms 10-Q and 8-K (if any) filed with the United States Securities and Exchange Commission and available at www.sec.gov.

SOURCE AsiaInfo Holdings, Inc.

Source: PR Newswire

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