CinTel Corp. Reports Revenue Increase of 1,735% and Gross Profit Increase of 801% for Quarter Ending March 31, 2006.LOUISVILLE, Ky. -- 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. financial statements filed last week, 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 (ITM ITM See: In-the-money ) market, has reported total revenue of $2.3 million for the quarter ended March 31, 2006. The total revenue for the quarter increased a remarkable 1,735% when compared to the same period ending in 2005. The growth can be partly contributed to CinTel's global system integration projects and strategic alliances overseas, such as business transactions with the Republic of Korea Air Force The Republic of Korea Air Force (ROK Air Force, ROKAF, Hangul: 대한민국 공군, Hanja: 大韓民國 空軍) is the air force of South Korea. It operates under the Ministry of National Defense. and KT (Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years ). CinTel expects significant new revenue streams to open with the products distributed by Hyundai HDS (Hitachi Data Systems, Santa Clara, CA, www.hds.com) A leading provider of high-end storage hardware, software and services. Part of the Information Systems & Telecommunications Division of Hitachi Ltd. and KT Corp this year. CinTel also expects its other business segments will further add to its strong revenue numbers. While CinTel's total revenue showed tremendous growth, the Company's gross profit rose 801%. This was due partly because some items in the sales transactions were third party equipment and did not carry the same gross margin from which CinTel normally benefits. While CinTel experienced phenomenal growth for the quarter, its operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. actually decreased from $505,179 to $481,093 when compared to the same period ending March 31, 2005. The decline in operating expenses was primarily due to a reduction of fixed charges through restructuring. These changes included reduction of staff, entertainment fees, travel expenses, and other office related adjustments. The efforts by senior management to reduce unnecessary expenses will continue as they strive to provide the best service possible with minimum waste. "Management is delighted to announce such positive results for our first quarter of 2006. We believe these results will enhance other project's value and speak to the strength of our management team as well as the viability of our business model," said Sang Don Kim, 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. of CinTel. According to numerous industry sources, CinTel sales are expected to exceed current numbers during the next quarter and surpass by a large number last year's overall numbers with the demand for our expanded product lines as the company continues to improve our offerings to support our customer's ever growing needs. CinTel and their partners continue to aggressively engage its resources to identify and establish strategic partnerships with companies on the cutting edge of technology development as well as complete acquisitions that are consistent with its business model. About CinTel Corp. CinTel Corp., based in North America with its main business operations 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. |
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