INTAC Goes to School in China
28 Avril 2005 - 7:17PM
PR Newswire (US)
INTAC Goes to School in China HONG KONG, April 28
/PRNewswire-FirstCall/ -- INTAC International, Inc. (Nasdaq: INTN;
FSE: WKN 805768) a leading provider of a full range of integrated
career development services to Chinese students as well as
management software products for educational institutions in China,
today announced that it has launched a number of new value-added
services to expand and strengthen the market coverage of INTAC's
newly acquired subsidiary, Beijing Huana Xinlong Information and
Technology Development Co., Ltd. (Huana Xinlong). Huana Xinlong's
software for educational institution administration, which has been
designated as the standard of the China School Administration
System by the government's Education Management Information Center,
is currently installed in approximately 5,500 elementary, middle
and high schools in China. INTAC has been furthering its position
by developing and offering incremental value-added services and
products to better serve the captive customer base of teachers,
parents and pupils. Two of the newest services, FSLCS
(Family-School Link Communication System) and PCLCS (Parent-
Children Link Communication System), launched off INTAC's installed
system platform, enable parents, teachers and pupils to enhance
communications and to improve the quality of education services to
pupils. INTAC is pursuing an aggressive expansion plan to capture
an increased share of the target market. China has approximately
650,000 elementary, middle and high schools and INTAC expects to
have more than 100,000 systems installed in these schools by the
end of 2007. "Huana Xinlong's unique presence in the elementary,
middle and high school market is achieved through the offering of
standardized automated school administrative infrastructure. With a
huge accessible market, over 650,000 elementary, middle and high
schools with more than 200 million students enrolled, the company
has an enormous space to offer other value-added services and
products," commented Mr. Wei Zhou, President and CEO of the
company. The business model captures two streams of growing
revenues. On one hand, the installed system offers a growing and
steady revenue base. On the other hand, INTAC's unique position in
schools' infrastructure provides the opportunity to reap another
rapidly growing revenue stream through the development and offering
of incremental value-added services and products such as PCLCS and
FSLCS. "We expect to sign up 500,000 users for the PCLCS service
and see 20,000 average monthly users for the FSLCS service by the
end of 2005. When fully adopted, they are expected to become core
revenue contributors to INTAC," commented Mr. Zhou. "The offering
of the services is consistent with the company's strategy of
building captive communities in the education market and launching
value-added services and products. The acquisition of Huana Xinlong
enables us to have a unique access to the elementary, middle and
high school communities and to offer teachers, parents and students
a wide range of value- added services and products." Furthermore,
Huana Xinlong was selected and mandated by China's Ministry of
Education for the pilot installation and implementation of the DSD
(Demonstration School Districts) program designated by the
government in 12 provinces and municipalities. At the end of 2004,
INTAC's Huana Xinlong's system achieved coverage of 22 DSDs with
installations in more than 5,500 elementary, middle and high
schools. About INTAC International, Inc. INTAC International, Inc.
is a provider of a full range of integrated educational and career
development services as well as management software products for
educational institutions in China. In a strong cooperation
(partnership) with China's Ministry of Education, INTAC tailors its
online and offline services and products towards a target group of
300 million Chinese students. The services are delivered through
the Company's websites, http://www.phrbank.com/ and
http://www.joyba.com/ , as well as through a range of mobile
value-added services, its print formats and its local Career
Service Centers across China. Forward-Looking Statements This press
release contains certain "forward-looking statements." Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements expressed or implied by such
forward-looking statements to differ materially from those
projected or implied. Factors that could cause or contribute to
such differences include, among other things: changes in general
business conditions; the impact of competition in our industry,
especially in the Asia- Pacific Rim; the fact that we are an early
stage company with an unproven business model; our need for
additional working capital, particularly to the extent that we are
able to locate a suitable business opportunity; the added expense
structure assumed by us as a U.S. public company; political and
economic events and conditions in jurisdictions in which we
operate; The People's Republic of China's, or the PRC's Internet
laws and regulations that are unclear and will likely change in the
near future; restrictions on foreign investment in the PRC Internet
sector that are imposed by the PRC government; the PRC government
that may prevent us from distributing; regulation and censorship of
information distribution in China which may adversely affect our
business; political and economic policies of the PRC government;
the risk of the loss of the agreements, or the exclusivity terms,
with the Education Management Information Center; the high cost of
Internet access that may limit the growth of the Internet in China
and impede our growth; advertising and e- commerce customers that
have only limited experience using the Internet for advertising or
commerce purposes; the acceptance of the Internet as a commerce
platform in China which depends on the resolution of problems
relating to fulfillment and electronic payment; concerns about
security of e-commerce transactions and confidentiality of
information on the Internet that may increase our costs, reduce the
use of our Internet portal and impede our growth; our network
operations that may be vulnerable to hacking, viruses and other
disruptions, which may make our products and services less
attractive and reliable; changes in interest rates, foreign
currency fluctuations and capital market conditions; and other
factors including those detailed under the heading "Business Risk
Factors" and elsewhere in the Company's annual report on Form 10-K
for the year ended December 31, 2004 as filed with the Securities
and Exchange Commission. We disclaim any intention or obligation to
revise any forward-looking statements whether as a result of new
information, future events or otherwise. INTAC undertakes no
obligation to update any forward-looking statements made in this
media release. Contact: J. David Darnell, Senior Vice President and
Chief Financial Officer, 469-916-9891, for further information.
Internet: http://www.intac-international.com/ DATASOURCE: INTAC
International, Inc. CONTACT: J. David Darnell, Senior Vice
President and Chief Financial Officer of INTAC International, Inc.,
+1-469-916-9891 Web site: http://www.intac-international.com/
http://www.phrbank.com/ http://www.joyba.com/
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