AmTec Expands Internet Business to Sichuan Province.NEW YORK--(BUSINESS WIRE)--July 12, 1999-- AmTec, Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered ), an international telecommunications service In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. company today announced that its subsidiary signed agreements to provide telecommunications services via the Internet in Sichuan Province that has over 110 million people, approximately 10% of the Chinese population. Services to be provided initially are voice and fax services over the Internet followed by the creation of a retail network to sell cellular telephones and related products. Services are to begin this fall. This follows last week's announcement where AmTec and its partner IXS (Integrated XSeries Server) An x86-based xSeries server (motherboard and memory) from IBM that plugs into an iSeries or i5 midrange computer. Running Windows or Linux, the IXS shares disk storage, server management, user administration with its iSeries/i5 host. .NET, Inc. reported that they had established a base in six cities in Southern China, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Taiwan and are selling fax and voice services. Now AmTec is moving these Internet related services to the rest of China to take advantage of this rapidly growing business sector. Chinese fax over the Internet was about 15-16 million minutes last year and is projected to triple every year to around 900 million minutes in 2002. Mr. R.T. McNamar, President of AmTec, stated, "AmTec's strategy to leverage our existing market presence in China and the Far East to become a global, diversified telecommunications services provider is moving full speed ahead. We are expanding our service offerings and geographical presence as rapidly as possible to enter this exploding Internet market at its early stage." AmTec, Inc. is an international telecommunications service company that provides voice, data and Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. services through partnerships with Fusion Telecommunications International and IXS.NET, and holds joint venture interests in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. Note: Forward-looking statements in this press release are necessarily subject to risks and uncertainties that may affect the accuracy of such statements. Such risks may include any political instability in China, any delays in construction of networks, and market acceptance of and demand for the Company's products. For a discussion of such risks, please refer to the Company's Form 10(k) filed with the Securities Exchange Commission for the fiscal year ending March 31, 1998. The Company undertakes no obligation to update such factors or to publicly announce the result of any revisions to the forward-looking statements contained herein. |
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