Oki's IP Telephony Promotion Center Launches VoIP Business Strategy Seminars in Taiwan.

Business Editors

TOKYO--(BUSINESS WIRE)--Jan. 14, 2003

Offering Business Opportunities for Taiwanese Vendors Seeking

Entry into Japan's VoIP Market

Oki Electric Industry Co., Ltd. (TSE:6703) today introduced a seminar entitled "Key to Success in the VoIP (Voice over Internet Protocol) Business -- Suggestions for Entering Japan's VoIP Market" targeting Taiwan VoIP vendors, carriers, and companies considering entry into the Japanese market. Presented by Oki, Japan's VoIP market leader, the seminar will cover various issues, from market trends to secrets to gaining a market foothold. The seminar will be held at the Far Eastern Plaza Hotel in Taipei, Taiwan, on January 21, 2003.

According to Yutaka Asai, President of IP Solutions Company at Oki Electric, "The Japanese VoIP market currently leads the world, with the IP telephony subscribers numbering over three million. In November 2002, the government launched phone-number allocation for IP telephony, a world first. As a leader in the Japanese VoIP market, we offer potential business partners our wealth of cumulative experience and know-how."

Since its first introduction of VoIP products in 1997, Oki has maintained a leading share in the Japanese VoIP market. The company has since broadened its VoIP business activities from product-offerings to total solutions and promotion of IP telephony. In April 2002, it established the industry-leading IP Telephony Promotion Center. Oki has submitted proposals to major standardization organizations, including the ITU-T (International Telecommunication Union Telecommunication Standardization Sector), the IETF (Internet Engineering Task Force), and the TTC (Telecommunication Technology Committee), the last of which is a Japan's standardization committee, and other Japanese governmental committees.

The seminars are organized and presented by Oki's executives and high-ranking engineers. By presenting this seminar, the company seeks to offer various business examples, market trends, and business opportunities. It also hopes to establish potential business partnerships with Taiwanese companies.

Details of the seminar:

-- Title:            "Key to Success in the VoIP Business"
                     - Suggestions for Entering Japan's VoIP Market -
-- Date & time:      From 1:00 pm on January 21, 2003
-- Place:            Far Eastern Plaza Hotel
                     B1, 201 Tun Hwa S. Rd. Sec. 2, Taipei, Taiwan
-- Attendant fee:    1,000 NT$
-- Seminar inquiry:  Hsiang-Ling Chen, Account Director,
                      GID Technology PR
                     12F, No.220, Minchiuan Rd., Hsinchu, Taiwan
                     Tel: [phone],  Mobile: [phone]
-- Sessions:

1. "Trends and Future Outlook of the VoIP Market in Japan"
    -- Yutaka ASAI, President of IP Solutions Company, Oki Electric
        Industry Co., Ltd.
    -- Mr. Asai will discuss various trends in the Japan's VoIP
        market, including the rapidly growing area of IP telephony
        services and the future outlook, as well as Oki's achievements
        in the market.

2. "Vital Points for Entering the VoIP Market in Japan"
    -- Market Entry Support Service Proposed by Oki Electric --
     --  Yasubumi CHIMURA, General Manager of IP System Planning &
          Development Div. and IP Telephony Promotion Center, IP
          Solutions Company, Oki Electric Industry Co., Ltd.
     --  Motoharu KAWANISHI, Chief Evangelist, IP Telephony Promotion
          Center, IP Solutions Company, Oki Electric Industry Co.,
          Ltd.
     --  Messrs. Chimura and Kawanishi will discuss various issues and
          barriers facing overseas vendors seeking to enter the
          Japanese VoIP market, and discuss how Oki's support services
          address these issues.

3. "Oki VoIP-LSI"
    -- Yasubumi CHIMURA, General Manager of IP System Planning &
        Development Div. and IP Telephony Promotion Center, IP
        Solutions Company, Oki Electric Industry Co., Ltd.
    -- Mr. Chimura will introduce Oki's VoIP-LSI and its applications.
        Offering high voice quality, Oki's VoIP-LSI enables easy
        connection to IP telephony network in Japan.

Notes:

-- Names of companies and products are trademarks or registered
    trademarks of the respective companies.

About Oki Electric Industry Co., Ltd.

Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, headquartered in Tokyo, Japan. Oki Electric provides customers with top-quality products, technologies and solutions for telecommunications systems, information systems and electronic devices through its corporate vision, "Oki, Network Solutions for a Global Society." Visit Oki's global web site at http://www.oki.com/.