ALR signs major distribution agreement in Vietnam.IRVINE, Calif.--(BUSINESS WIRE)--Oct. 9, 1995 - Advanced Logic Research, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AALR AALR American Association for Leisure and Recreation AALR General Company for Land Reclamation, Development and Reconstruction (stock symbol) ) Monday announced a major strategic alliance in its continuing effort to establish a significant presence in the largely untapped Vietnamese marketplace. On October 8th, ALR ALR Administrative License Revocation ALR Agricultural Land Reserve (Canada) ALR Automatic Locking Retractor (seat belts) ALR Australian Law Reports (University of Tasmania Library) International Pte Ltd PTE LTD Private Limited ., ALR's Asia Pacific subsidiary, signed a distribution agreement with The Company For Development of New Products and Technology Ltd. (DPT Co. Ltd.), one of Vietnam's largest distributors. A seven-year-old company, DPT is a primary source of computer hardware for the Vietnamese government. ALR intends to target this influential market sector with its award-winning multiprocessor Multiple processors. A multiprocessor machine uses two or more CPUs for routine processing. See multiprocessing. multiprocessor - parallel processing systems and Rack-Mountable server technology. DPT also has an established presence in the real estate and banking industries, providing two additional markets for ALR's client/server technology. "This alliance is a natural step for ALR," states Dominic Heng, Managing Director of ALR International. "Over the last couple of years, our offices in Singapore have been watching the economic development in Vietnam and we believe the information technology market there will grow rapidly in the coming years. This new partnership with DPT will help us secure a solid foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in Vietnam, allowing us to leverage our position as a substantial player in the marketplace." ALR initially plans to focus its sales efforts in Hanoi, the capital of Vietnam. As the Vietnamese market expands, the company intends to move into other major population centers, particularly Ho Chi Minh city Ho Chi Minh City, formerly Saigon, city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam. . A sales presence in this emerging business center could help launch ALR into a number of promising new markets, including the developing corporate and retail sectors. "With yearly computer sales exceeding 75 million dollars (US), a population of 73 million, and a rapidly expanding market, Vietnam presents a tremendous opportunity for ALR," explains Genny Ortegon, Vice President of Marketing for ALR. "And with our proven quality and advanced engineering, we feel that we also have a chance to be a very positive contributor to Vietnam's economic and technological growth." CONTACT: Genevieve Ortegon, Vice President, Marketing 714/581-6770 714/581-9240 (Fax) Internet: gennyo@alr.com or Dominic Heng, Managing Director of ALR International (Pte.) Ltd. 011-65 283 8655 011-65 283 8755 (Fax) |
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