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INTEGRATED NETWORK CORP. TO ENTER JOINT VENTURE WITH KOHAP & BEIJING TELECOMMUNICATIONS

 BRIDGEWATER, N.J., May 13 /PRNewswire/ -- Integrated Network Corporation (INC) today announced it has signed a letter of intent to form a joint venture with the Kohap Group, a Korean conglomerate, and two divisions of China's Ministry of Posts and Telecommunications (MPT) to provide network access technology to China.
 The focus of the proposed joint venture is to manufacture INC's patented Digital Data Over Voice (DDOV) network access products and to sell non-voice services to all the MPT operating companies.
 According to Len E. Eisenstein, vice president, worldwide sales, INC, the first step under the letter of intent is to field trial INC's Digital Data Over Voice (DDOV) technology as part of a proposed nationwide debit/credit card authorization system. The trial, slated for late May, will combine multiple merchant locations in Beijing processing credit card authorizations with a major service provider.
 "Within China today there are about 2 million credit cards issued, but that is growing quickly and major credit card providers are already established in the country," explained Jong-ha Kim, chairman, Kohap Trading, and one of the signors of the agreement. "The MPT plans to spend up to US$5.2 billion in 1993, mainly to improve access connections within the country. In Beijing alone, BTA plans to have a telephone in every household by the year 2000. That will amount to 5.5 million lines compared to 1.84 million today. By early 1994, we expect that Beijing, Shanghai and Guangdong provinces will be tied together to provide a fully functional credit/debit authorization network," he projected.
 China selected INC's DDOV because it affords the least expensive dedicated data channel between a user's premises and a telephone company's digital networks. "Because of its price/performance, DDOV already has been used for POS debit/credit card authorizations in the U.S. The technology can deliver the same cost-efficient fast processing for medical records, library systems, security alarm systems and intra- office networking," commented Greg Langford, vice president, marketing, INC.
 "DDOV provides major benefits in Point of Sale (POS) environments because it gives debit/credit authorization in 4-to-6 seconds by comparison to dial-up alternatives, with take up to 30 seconds or longer," he continued.
 The Kohap Group, one of Korea's 30 largest conglomerates, manufactures petrochemicals, textiles and electronics and is in financial services as well.
 Beijing Telecommunications Administration (BTA) is one of 31 telephone companies under MPT and is one of two divisions involved in the proposed joint venture. BTA provides telephone service to the capital city. The China Posts and Telecommunications Industry Corporation (PTIC) is the second. It is the manufacturing arm of MPT with 25 factories and 45,000 employees.
 INC designs and markets advanced, high-quality network access products to customers who build and manage public and dedicated voice, data and image networks. INC has more than 20 national and international patents in network access products.
 U.S. telephone companies and Bell Communications Research (Bellcore) have tested and standardized on INC's DDOV technology. In the U.S., DDOV is being used as an access method to a nationwide point of sale service called Transaction Switching and Transport Services (TSTS). The Regional Bell Operating companies, and large independents unveiled this service in October of 1992 in response to the growing networking requirements of the transaction processing community. DDOV is used to access the carrier's own high speed packet networks, connecting merchants everywhere to the major credit and debit service providers.
 Similar DDOV trials for POS, lottery and leased line applications are running in Canada, Czechoslovakia, Indonesia, Ireland, Singapore, Spain and Taiwan.
 -0- 5/13/93
 /CONTACT: Valerie Rasines of INC, 908-218-1202, or James L. Horton, of Slater Hanft Martin, 212-674-3100, for INC/


CO: Integrated Network Corporation ST: New Jersey IN: TLS SU: JVN

TM -- NY004 -- 7962 05/13/93 09:30 EDT
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Date:May 13, 1993
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