AltiGen CEO Speaks At Voice Over IP Technology Conference in China.Business Editors/High Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--May 16, 2000 Recognizing the importance of the Greater China market, AltiGen Communications (Nasdaq:ATGN ATGN Additive Truncated Gaussian Noise ), the leading provider of next generation telecom servers and Voice over IP (VoIP) telephony solutions for Small and Medium Size Enterprises (SMEs), announced today that its president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Gilbert Hu, will speak on the topic of "Trends in Data/Voice Convergence", at the China VoIP Conference. The government-sponsored forum is being held in Beijing from May 16-18. Attending will be government officials responsible for the expansion of China's telecommunications networks and development of its IP switching Switching TCP/IP packets at high speed. Ipsilon's IP Switch started the trend and various vendors followed suit with different approaches, including Cisco's tag switching and 3Com's Fast IP. The goal was to switch IP packets faster than traditional router-based layer 3 forwarding. infrastructure. Also in attendance will be individuals from the private sector, directly involved in driving the rapid adoption of innovative technologies in the China market. They ride the entrepreneurial wave spreading throughout China due to the introduction of more liberal government policies and dramatic growth of the Internet. With IP taking off as it has, China's timing is key, as they can focus entirely on building a solid IP switching infrastructure, rather than focusing first on ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and making the heavy investment associated with it, and then shifting to IP, as many western nations have been forced to do. "We see the China market as a tremendous opportunity for AltiGen. It is definitely the right time to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. growth opportunities in the market, leveraging both traditional telecom and IP switching, especially since the Chinese government has prioritized the rapid development of an IP infrastructure. With our new partner Beijing Bell by our side, we feel the great momentum of the market firsthand," says AltiGen's president and CEO Gilbert Hu. AltiGen was selected to present on the topic of "data/voice convergence" at the China VoIP Conference, as AltiGen's computer telephony solutions for SMEs support both circuit and IP switching, featuring an integrated VoIP gateway which greatly reduces toll costs between branch offices. AltiGen's technology is based on the premise that while the shift from circuit -- or the traditional public switched telephone network (PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. ) -- to IP switching is inevitable, it will be a gradual transition, with businesses migrating their voice communication systems at a pace that is manageable and meets their specific business needs. As AltiGen's AltiServ(R) supports both circuit and IP switching seamlessly and interchangeably, businesses are presented with options. They are empowered to leverage both the latest technology trends, while at the same time protecting their investment in more standard solutions. AltiGen Background (www.altigen.com) AltiGen Communications, Inc., is the leading supplier of next-generation telecom servers that give small- to medium-sized businesses and branch offices integrated communications systems for streamlined operations and enhanced productivity. AltiGen's AltiServ(R) delivers an integrated VoIP gateway -- capitalizing on the savings associated with it -- while at the same time providing full PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). functionality, corporate-strength voicemail, auto attendant, and automatic call distribution (ACD (Automatic Call Distributor) A computerized phone system that responds to the caller with a voice menu and connects the call to the appropriate agent. It can also distribute calls equally to agents. ). AltiServ(R) also provides extensive "follow me" features client call control, Internet integration and unified messaging with support for Microsoft Exchange(R), all in a single, affordable package. AltiGen's AltiServ(R) has been recognized for excellence with more than two dozen industry awards since its introduction in 1996, including two 1999 Editor's Choice Awards from PC Magazine and Internet Telephony Magazine's 1999 Product of the Year Award. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding IP switching and the China market. These statements reflect management's current expectations. However, actual results could differ materially as a result of unknown risks and uncertainties, including but not limited to, risks related to AltiGen's limited operating history. For a more detailed description of these and other risks and uncertainties affecting AltiGen's performance, please refer to the information set forth under the caption "Risk Factors" in the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. dated October 4, 1999 related to AltiGen's initial public offering, a copy of which can be obtained from CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , Oppenheimer Tower, World Financial Center, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York; telephone number 212/667-7000. |
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