CrossKeys to Speak and Exhibit at China's Largest Telecom Trade Show.KANATA, Ontario--(BUSINESS WIRE)--Oct. 26, 1998-- CrossKeys Establishing Necessary Relationships to Increase Revenue Prospects From Asia Region CrossKeys Systems Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CKEYF)(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CKY CKY Camp Kill Yourself (band) CKY Conakry, Guinea - Conakry (Airport Code) ), a leading supplier of service, network and element management applications software for telecommunication service providers, today announced it will be participating in Asia's largest telecommunications exhibition. Attendance at the PT ExpoCom China Exhibition in Beijing, China, is estimated to be over 200,000. Participating in events such this are part of the CrossKeys strategy to increase its market share in the region. "We have a strong and growing customer base in the Americas and Europe," says John Selwyn, President and 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. , CrossKeys. "Our strategy moving forward is to increase our activity in Asia. We are building our relationships with officials, channels and end-customers in the region. We are addressing the special needs of the Asian telecom market, such as their complex multivendor networks." The Canadian Government recently recognized CrossKeys international business success with the prestigious Exporter of the Year Award. Special commendation was also given to the Company at the Export Awards through the Teleglobe Technology Innovation Award. At PT ExpoCom, Bruce Linton, Director of CrossKeys Asia-Pacific Regional Operations, will present a seminar on the topic, "Solutions on Managing Carrier-Class Telecom Networks." The rapid growth in Asian telecommunications, particularly in China, create network management issues which can be addressed by CrossKeys products. The Chinese telecom market grew 46 per cent from 1997 to 1998. Capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. by service providers is expected to reach US $22 billion in 1998, with about 50 per cent of that total being allocated to the purchase of foreign-made products and services. China has a teledensity rate of just over five main lines per 100 people. Projections are for this to triple by the year 2001. In addition, the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
The Asia-Pacific region of operations accounted for five per cent of CrossKeys revenue in its last fiscal year. The Company anticipates this share will grow in fiscal 1999. It is increasing its presence and activity in the region accordingly. CrossKeys currently operates two offices in the Asia-Pacific region, 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 Australia. Worldwide, CrossKeys operates 14 regional offices in 10 different countries. CrossKeys Systems Corporation (www.crosskeys.com) is a leading developer of service, network, and element management solutions for telecommunication service providers, helping them gain a competitive advantage in deregulated markets. CrossKeys combines a commitment to research and development with experience in the world's most demanding telecommunication markets to deliver highly advanced software applications. A leading supplier to Newbridge Networks Corporation, Compaq, and Siemens AG, CrossKeys products help service providers deliver differentiated services, implement new technologies, and manage multiple vendor networks. CrossKeys has been 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. 9001 certified since 1995. CrossKeys Systems Corporation is a public company whose common shares are listed for trading on NASDAQ (CKEYF) in the United States and on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (CKY) in Canada. CrossKeys and logo are registered trade marks TRADE MARKS. Signs, writings or tickets put upon manufactured goods, to distinguish them from others. 2. It seems at one time to have been thought that no man acquired a right in a particular mark or stamp. 2 Atk. 484. of CrossKeys Systems Corporation. All other trade marks are the property of their respective holders and are acknowledged by CrossKeys Systems Corporation. Related releases: October 6: CrossKeys a Double Winner at Canada Export Awards August 6: CrossKeys opens sales office in 10th country |
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