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CinTel's Prospective Largest Shareholder Will Be Long-Term Investor.


LOUISVILLE, Ky. -- Mr. Tai Bok Kim, the largest holder of the convertible notes of CinTel Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CNCN), a leader in the Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks.  management market, finally spoke out today as to why he invested in CinTel and why he intends to be a long-term investor Long-term investor

A person who makes investments for a period of at least five years in order to finance his or her long-term goals.
 in CinTel.

Mr. Tai Bok Kim, who stands to hold 19.4 million of new shares of CinTel when he converts sometime, says, "I discovered CinTel last year when CinTel was trading at around $0.03 to $0.035. I was very impressed by Sang-Don Kim, who was and is the 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.  and President of CinTel and by far the hardest working person that I know. Immediately after CinTel Korea was established in June 1997, Korea economy experienced its currency crisis in the second half of 1997 - which may be likened to the Depression in the U.S. in that there were countless bankruptcies and job losses in Korea, especially among technology start-ups. However, Sang-Don Kim is a survivor; he beat the odds and under his guidance, CinTel survived through the currency crisis of 1997 and through the technology downturn of 2004 and 2005. Despite the adversities, CinTel has developed some sound technology in ITM ITM

See: In-the-money
 (Internet Traffic Management) and network security. In addition, it has managed to diversify into online gaming See gaming.  and digital content business. I concluded that with my involvement and assistance, CinTel could make much bigger strides in virtually all areas of business."

He continues by saying, "Although CinTel has made losses in several years since its inception, I anticipate 2006 will be the turnaround year for CinTel. CinTel will have more revenue this year than in the previous eight years combined. While Sang-Don is growing CinTel organically, I plan to assist him in finding synergistic targets for acquisitions. The acquisitions will be accretive to CinTel's earnings and will continue into 2007. CinTel's foundations are just getting laid, and growth is just beginning. I plan to continue to assist in financing CinTel whenever such need arises. In fact, most of the convertible notes were purchased by my friends, relatives and acquaintances. I have the strongest conviction that I am right about the bright future prospects of CinTel, and I did not get to where I am by being wrong too often. If all things go according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 plan, when CinTel has all the pieces of the puzzle together in 2008, it will be an attractive and significant acquisition target to one of the major players in technology, online gaming and/or media. I do not intend to sell, nor do I anticipate any of my co-investors to sell, any of the converted shares in CinTel until such time as the sale of all business assets of CinTel in the distant future." Currently, Mr. Tai Bok Kim is the CEO and President of Pheonix Asset Management Co., Ltd., formerly known as Global Asset Management Co., Ltd. Pheonix Asset Management is 18% owned by an affiliate company of the Bokwang Group (www.bokwang.com) and 20% owned by CinTel. Mr. Tai Bok Kim and the Chairman/CEO of Bokwang Group are brothers-in-law.

Mr. Sang-Don Kim, the CEO and President of CinTel says, "CinTel is very thankful for all the financial and business resources that Mr. Tai Bok Kim is bringing. The reason for Mr. Kim and other note holders' conversion is to provide CinTel with lower debt-to equity-ratio so that when CinTel acquires synergistic targets, CinTel will be in a better bargaining position bargaining position n to be in a strong/weak bargaining position → estar/no estar en una posición de fuerza para negociar

bargaining position n
 with a stronger balance sheet. As Mr. Kim stated, in 2006, CinTel is laying the foundations for growth and will selectively acquire companies that will be accretive to CinTel's earnings in the long-run and have synergies with CinTel's current lines of business."

About CinTel Corp.

CinTel Corp., based in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere.  with its main business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets  in Korea, provides enterprise technology solutions that deliver faster internal and external network service. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product line with ever expanding solutions from key partners and internal development. CinTel's award-winning Internet Traffic Management (ITM) solutions are marketed to customers worldwide, enabling the company's customers to improve Internet and network traffic management, service levels, secure content, user experience, and reduce server loads and bandwidth demands. While CinTel maintains its position as a leader in ITM through continuous research and development efforts it has also begun expansion into creative new markets and worldwide distribution of Korean based technologies. CinTel is also a recognized leader in Content Delivery Network (CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ). For additional information, please visit CinTel Corp at www.cintelcorp.net.

Safe-Harbor Statement

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 as defined in 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. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 16, 2006
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