Bridge Technology, Inc. Announces Continued Expansion in China.Business Editors GARDEN GROVE, Calif.--(BUSINESS WIRE)--Sept. 22, 2000 Bridge Technology, Inc. (Nasdaq: BRDG BRDG Bridge ) a diversified digital, data and communications component company, today announced an expansion program designed to further take advantage of its perceived strategic advantage in the rapidly growing technology markets in mainland China and Hong Kong. Bridge Technology's Hong Kong based subsidiary, CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. Technology Limited is currently an exclusive IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) authorized distributor for China and sells mass storage and other products to major OEM's and VAR's in China. John Harwer, President, stated, "Bridge Technology, Inc. is extremely pleased to see that China has just been granted permanent normal trade relations Permanent Normal Trade Relations (PNTR) status is a legal designation in the United States for free trade with a foreign nation. In the U.S. the name was changed from Most Favored Nation (MFN) to PNTR in 1998. (PNTR PNTR Permanent Normal Trade Relations ) with the United States. This is a significant step towards China being granted permanent membership in the World Trade Organization (WTO See World Trade Organization. ). Bridge expects to benefit immediately from this trade status, as we have established a strong foundation in China for both manufacturing and marketing of our products. The company expects to organize several manufacturing facilities in China, and at least one in Taiwan. With increased demand for our products, we also plan on expanding our channel marketing and distribution system." Bridge's business model revolves around research and development projects, eventually resulting in marketable products, which are vertically integrated into domestic and international manufacturing, and ultimately into the company's marketing and distribution channels. Bridge is currently engaged in research for product development in fixed wireless infrastructure equipment, power supplies for new technological systems, enclosures and equipment or major data storage customers, hand-held wireless optical track ball applications, and optical pickup devices for DVD players. "We have established a strong foundation in China for both manufacturing and marketing our products. The company is organizing several additional manufacturing facilities in China, and at least one is Taiwan, to meet the expected demand for our products from our OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers," Harwer added. About Bridge Technology Bridge Technology, Inc. manufactures, markets, and distributes subassembly sub·as·sem·bly n. pl. sub·as·sem·blies An assembled unit forming a component to be incorporated into a larger assembly. digital recording, storage and communication components. The company, with subsidiaries in the United States, Japan and Hong Kong, is also a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com. 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 under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion