Corporate Profile for Quintalinux Limited, dated May 11, 2001.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: May 11, 2001
Quintalinux Limited
Suites 1404-06, Devon House
979 King's Road, Taikoo Place
Island East
Hong Kong
Phone: (852) 2904-0303
Fax: (852) 2904-0304
URL: www.quintalinux.com
Officers
Chairman of the Board: Tat Chu
Vice Chairman: Perick W. H. Li
Chief Executive Officer: David C. V. Lee
Investor Relations Contacts
David C.V. Lee
davidlee@quintalinux.com
or
Dan Matsui/Eugene Heller
Silverman Heller Associates
310-208-2550
dmatsui@sha-ir.com
Industry Sector(s)
Commercial interior design, construction services
High-technology, intelligent building products, systems
Linux software development, systems and solutions
Geographic Market
Hong Kong, Peoples Republic of China
Exchange/ticker symbol
Nasdaq National Market System/QLNX
Business Description Quintalinux Limited (Company) is engaged in the provision of innovative, high technology solutions for intelligent buildings, interior construction, systems design and integration, and Linux development for businesses and enterprises in 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 the Peoples Republic of China (PRC). The Company's intelligent building solutions division is the Company's core focus and driving force in securing projects and other business. Other Company divisions provide complementary, support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , products, including high-tech systems and applications. Because of the growing popularity of Linux systems in the PRC, a majority of Quintalinux high-tech systems and products utilize Linux platforms. The Intelligent Building Market in Asia -- Overview and Outlook The era of the knowledge economy has led to an enormous demand for, and active use of, information, including requirements for new types of properties called intelligent buildings, equipped with the appropriate technical foundations required for a modern office. 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. a forecast by the Building Department of the Hong Kong SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL. SAR - segmentation and reassembly Government, there will be 150 intelligent buildings developed in Hong Kong each year from 2001 through 2003. For the PRC, the number of intelligent buildings is forecasted at 600 per year, according to the Policy Consultative Report on Property Market-Shanghai. The potential value of contracts related to these projects is estimated at up to US$700 million per year in Hong Kong and up to US$3 billion per year in the PRC. Similar economic potential is estimated for other major cities in Asia. As the intelligent building market in Asia is in an early growth stage, participants in the industry tend to be building contractors building contractor n → contratista m/f de obras building contractor n → entrepreneur m (en bâtiment) building contractor , systems/equipment suppliers, or IT/network providers. However, few companies are capable of providing all three levels of expertise and outfitting. Because its vertically integrated structure provides expertise and outfitting at all levels, Quintalinux is in a position to deliver and support total intelligent building solutions. Organizational Description By combining contracting experience in interior design and construction with its expertise in information technology and state-of-art systems and products, Quintalinux has become a leader in the intelligent building industry, providing complete, "end-to-end" solutions to meet clients' needs for intelligent buildings and related features and capabilities. As the heart of the Company's operations and driving force to secure new business and projects, iB Solutions Ltd. (iBS) provides such services as feasibility studies The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. , design specification, infrastructure planning, facility planning, systems integration system selection, budgeting, cost management, project management and quality control. The Company's other divisions each offer specialized areas of expertise to support the Company's iBS business model. Uni-Zone Holdings Limited, Good Prominent Engineering Co., Ltd. and Good Prominent Technology Co., Ltd., wholly-owned Quintalinux subsidiaries, specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in installing raised floor and under-floor electrical systems; architectural lighting systems, including fiber optic and cold-cathode lighting; high-visibility display systems, including LED, LITEDOT, LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. , video wall, and plasma displays Also called "gas discharge display," a flat-screen technology that uses tiny cells lined with phosphor that are full of inert ionized gas (typically a mix of xenon and neon). Three cells make up one pixel (one cell has red phosphor, one green, one blue). ; and multi-media information system kiosks; all common features in intelligent buildings. Intelligent Wireless Automation Systems Ltd. (I-WAS) is a joint venture between Quintalinux Limited and the City University of Hong Kong The university has a community of more than 12,000 undergraduates and 6,000 postgraduates. International students account for around 5% of the student population. The official language of instruction is English. . I-WAS provides the latest technology and products for wireless applications. Its VRF-IR unit, a single-way communication application, is expected to be introduced by mid-July, 2001, while a two-way communication Two-way communication is a form of transmission in which both parties involved transmit information. Common forms of two-way communication are:
JEXT Company Ltd. (JEXT), employing technology and systems originally developed by Neo Japan Corporation of Yokohama, Japan, provides groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. technology and solutions for office and home users. JEXT's recently launched iOffice 2000, a web based Coming from a Web server. See Web application. groupware in which JEXT has the distribution right for the English version in the Greater China region and Singapore. JEXT is participating in the development of the Chinese (both traditional and simplified) version of iOffice 2000 and will hold rights to worldwide distribution. Another product under development is iHome 2000, which is also a web-based groupware targeting residential users. With iHome 2000, communications can be conducted not only apartment-to-apartment but also block-to-block or even community-to-community; thereby adding value to buildings utilizing this technology. Linux System Solutions Ltd. offers a wide range of Linux products and services. In addition to supporting other Quintalinux divisions with operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and software development, LSSL LSSL Landing Ship Support, Large LSSL Large Scale System Laboratory is seeking to consolidate its position as a leading Linux total-solution provider and system integrator See systems integrator. for the business market. LSSL has formed strategic alliances with major technology players such as 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) , HP, DELL, IGEL, Linkage linkage In mechanical engineering, a system of solid, usually metallic, links (bars) connected to two or more other links by pin joints (hinges), sliding joints, or ball-and-socket joints to form a closed chain or a series of closed chains. On-line and HKT HKT Phuket, Thailand - Phuket (Airport Code) HKT Home Keygen Token PCCW PCCW Pacific Century CyberWorks PCCW Palmer College of Chiropractic West (San Jose, California) to deliver Linux-based solutions to corporate users. Interact Contracting Co., Ltd. is engaged in the interior design and contracting business, with over thirty design and project management professionals. The quality of services offered by Interact was recognized in 1997 when the ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 accreditation was awarded. Each of these specialized subsidiaries plays an important role in contributing to the design, construction, outfitting and completion of the Company's intelligent building projects in a well-coordinated, efficient and cost-effective manner.
Summary
1. Quintalinux is an intelligent building solutions provider, from
interior design and construction to outfitting to high-tech
systems installation and integration.
2. The Company's vertically integrated structure offers a
cost-effective means for designing, developing and constructing
intelligent buildings.
3. The intelligent building market is in the early-growth stage in
Asia, with the Company claiming a "first-mover" advantage.
4. Professional, experienced management leads the Company in its
planned development.
5. Quintalinux research and development is supported by two of the
top universities in Hong Kong in advanced technologies, with the
potential for commercial applications.
Growth Strategy
1. Leverage "old economy" design, construction and outfitting
expertise into "new economy" opportunities by integrating
value-added IT and IT-related services and systems.
2. Increase existing market share; expand into new markets.
3. Establish strategic relationships with established partners to
develop new business opportunities.
4. Continue to improve margins by applying expertise over wider
range of projects and uses.
5. Explore joint-R&D opportunities to strengthen technological
expertise and product development.
6. Explore opportunities as "first mover" in Linux market in Asia.
Financial Summary (US$, in millions except per share)
Fiscal year ended March 31: 1998 1999 2000
Revenues $26.9 $22.1 $24.2
Net Income 1.6 2.3 2.8
Net income per share $0.33 $0.38 $0.48
Average shares outstanding 4.8 6.0 6.0
Shareholder Information
Shares Outstanding 9,500,000
Insider Holdings 8,000,000 shares (84%)
Float 1,500,000 shares (16%)
Market Capitalization (US$, as of 5-10-01): $15.5 million
Trading statistics (US$)
Recent price $1.63 (5-10-01 close)
Price 52-week low $0.61
52-week high $8.00
Average daily volume 20,000 shares
Additional Corporate Information
Auditor Moores Rowland
Phone: (852) 2909-5555
Legal Counsel Andrew N. Bernstein, P.C.
Phone: (303) 770-7131
Investor Relations Silverman Heller Associates
Phone: (310) 208-2550
Transfer Agent Corporate Stock Transfer
3200 Cherry Creek Drive South, Suite 430
Denver, Colorado 80209
Phone: (303) 282-4800
Fax: (303) 282-5800
Wholesale Market Makers
Phil Hummel -- First Institutional Securities
Annie Freeman -- Investec Ernst & Company
Paul O'Hara Jr. -- Fleet Trading/A division of Fleet Securities
Rick Murray -- Sherwood Securities Corp.
Robert Richard -- Forge Financial Group, Inc.
Anupam Ghose -- Spear Leeds & Kellogg
Report Prepared by Stock-update.com (852) 2152 1222
Some statements in this report may constitute "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. " within the meaning of the "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. " provisions of 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or performance of the Company to differ materially from future results or performance expressed or implied by those forward-looking statements. DISCLAIMER: Stock-update.com endeavors to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (Whether in tort tort, in law, the violation of some duty clearly set by law, not by a specific agreement between two parties, as in breach of contract. When such a duty is breached, the injured party has the right to institute suit for compensatory damages. or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions. |
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