3SOF

Starting to move on  news just in.

Thursday, March 02 2006 10:44 AM, EST

CinTel Partnering with Samsung Networking to Supply $1.9 million of LAN Equipment to Republic of Korea Air Force
Business Editors / Technology Writers

LOUISVILLE, Ky.--(BUSINESS WIRE)--March 2, 2006-- CinTel Corp. (OTCBB: CNCN), a leader in Internet traffic management, announced today it has signed a sales agreement with the Republic of Korea Air Force (ROKAF) for the supply of $1.9 million (USD) worth of network equipment. CinTel will, in conjunction with Samsung Networks (http://www.samsungnetworks.net), be supplying all replacement LAN (Local Area Network) equipment to ROKAF with the exception of cables.

This project involves replacing outdated ATM LAN equipment currently being used by the ROKAF with highly effective gigabit Ethernet-based environment. This will enable ROKAF to greatly increase informational resources so that the ROKAF may look ahead to almost limitless expandability, stability, and a more secure network environment that can enable highly-efficient security, operation, education and technology within the network.

Kyung-Seop Lee, the department head of sales at CinTel's Korean subsidiary states, "Although CinTel has supplied to many government agencies over the years, the last few years have been lackluster. This sale to ROKAF will be a catalyzing event which will reinvigorate CinTel's government sector IT presence. With our ever expanding ability to offer a total solution, we will be able to create packages that suit the needs of government agencies and enterprise level customers."

Sang Don Kim, the CEO of CinTel announced, "2006 will be a watershed year for CinTel, as we will focus on maximizing company value through dramatically increased sales of our core business of internet traffic management (ITM), cache and NI (Network Integration) business. We will continue or efforts to acquire other profitable companies in the ever-expanding arena of digital content market. Supplying replacement LAN to ROKAF is a small but good example of the type of sales to come in 2006. CinTel will move from supplying simple ITM solutions to much larger projects encompassing system integration and network integration to maximize revenues and profits and bring the best total solutions to each client. Just as CinTel has succeeded in securing Hyundai Heavy Industry (HHI)'s overseas projects in conjunction with KT (formerly, Korea Telecom), CinTel cooperated with Samsung Networks to secure this project. CinTel will continue to strategically ally with the likes of KT and Samsung Networks to drastically increase revenues in 2006. While CinTel is working on system integration projects, we continue to build on our core network of ITM with our iCache and iLog solutions

About Samsung Networks

Samsung Networks was founded in 1987 for improving the communication business in Korea. Samsung Networks has been continuously making rapid progress and development as the leader of global information communication enterprises connecting more than seventy countries all over the world based on four domestic information network centers (Kwacheon, Kumi etc.) and five overseas IT centers (New Jersey in the U.S.A., Tokyo, Japan, London, England, Beijing, China and Singapore). Samsung Networks provides network service, telephone service, digital multimedia service, 'E-Biz' service necessary for enterprise's overall 'e-business' activity based on global network infrastructure . Samsung Networks' has approximately 760 employees and had revenues of more than $433 million (USD) in 2004.

This stock just started to jump a little yesterday...trying to crach the .27...just thought i would remind everyone about it. Its been laying quiet for awhile..wonder if its ready to go again?

Any TA enthusiats want to share their wisdom on this...im holding a few shares from .24. Want to know if i should hang  on, or get out if i can  to pretty much break even...need .275 just to break even ...those dang commissions!

Thursday, March 16 2006 9:05 AM, EST

CinTel Corp. Forms Distribution Partnership with InterSpace Computers

LOUISVILLE, Ky.--(BUSINESS WIRE)--March 16, 2006-- CinTel Corp. (OTCBB: CNCN), a leader in Internet traffic management, today announced a partnership with national hardware distributor InterSpace Computers (http://www.interspacecomputers.com). With an ever expanding presence in international markets, CinTel is working with InterSpace Computers and their management team to create additional demand for their continually growing product lines. This will be a significant partnership where both companies will be able to grow the value proposition for their clients.

Commenting on the signing of the agreement, CinTel's CEO, Sang Don Kim, said, "InterSpace will be a strong partner for CinTel. We have full confidence that its national distribution and partner channel will allow our resellers to quickly provide our full product line to US customers. With our core facilities in Korea, we currently have an extended turnaround time to service customers. This will allow us to quickly provide support and products to our U.S. customers."

InterSpace Computer's CEO Joe Sykora feels confident that their team of IT professionals will provide a reliable network for CinTel's goal of building its U.S. presence.

"CinTel has an interesting product line and we can see a bright future with them in the U.S. market," Sykora said. "Along with CinTel, we intend to grow our offerings and work diligently to improve CinTel's presence in the US."

In conjunction with CinTel's efforts to build their U.S. customer service levels they have partnered with the regional firm The Solarity Group (http://www.thesolaritygroup.com) to provide direct support to their distributors, value added resellers (VARs) and customers. Solarity's engineers have been trained, worked with CinTel's product lines and will provide front line support and engineer level training to CinTel's channel partners such as InterSpace. These partnerships will bring additional value to customers of all companies involved.

About InterSpace Computers

Founded in 1996 as a regional outsourced IT provider, InterSpace Computers has grown into an international solution provider, offering consulting, procurement and technical support services. With new administrative facilities and a world-class distribution center, they continue to provide support for their clients and channel partners with service levels second to none. Serving the needs of a diverse customer base, InterSpace Computers specializes in infrastructure design and management, custom system implementation and integration, managed network security services and mobility solutions. Please visit InterSpace Computers at http://www.interspacecomputers.com.

About Solarity Group

The Solarity Group, with a team of IT professionals, provides strategic technology solutions for Enterprise customers and Channel partners. With highly trained and certified engineers, instructors, authors, media designers and project managers, The Solarity Group offers a flexible workforce helping businesses maximize their technology investments to become more efficient and grow their bottom line. Based in Kentucky, with clients throughout North and South America, The Solarity Group is a Microsoft Certified Partner. You can learn more about The Solarity Group at http://www.solarity.com.

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. CinTel maintains its position as a leader in ITM through continuous research and development efforts. CinTel is also a recognized leader in Content Delivery Network (CDN). For additional information, please visit CinTel Corp at http://www.cintelcorp.net.

Had some interest today on news. This pps has been hanging around this pps zone for awhile now...will this ever see another run soon..its due isn't it.

April 27, 2006 - 9:02 AM EDT           

CinTel Signs Agreement for Acquisition of Let's Game

CinTel Corp. (OTCBB: CNCN), a leader in Internet traffic management, announced today it has signed an Agreement for a bridge loan of $150,000, which may be convertible as partial payment via a convertible note, for the acquisition of LetsGame Co., Ltd. and the spin-off of "Let's Game" portal (www.letsgame.co.kr), pursuant to the MOU signed with Dataway Co., Ltd. ("Dataway") on February 16, 2006. The exact price of the acquisition, nor what percentage this bridge loan would be convertible into, has not been finalized between the parties. According to this Agreement, CinTel has the right to convert any or all of the Acquisition Price into equity before July 2006. CinTel intends to convert if Let's Game does well, but will require repayment if Let's Game performs below expectations. While the February MOU called for acquisition after thirty (30) days of due diligence, CinTel agreed to focus on the growth prospects of Let's Game rather than past performance and deferred the decision, with Dataway's permission, on whether to go forward until July.

"Let's Game" was established as Dacom's game portal site. Dataway was founded with capital of approximately US$5 million as an independent game portal site by Dacom Inc. and Dacom MI Inc. which are Internet backbone network providers. As "Let's Game" currently has over three million (3,000,000) users, several years of know-how, operation systems and experience that has proven to provide stable service to its online users, this Agreement is expected to credibly establish CinTel's beachhead into the digital content service business with a proven product. This will allow CinTel a sure and proven footing in the industry with the ability to produce immediate returns on the investment.

Dataway Co., Ltd. spun-off Let's Game Co., Ltd. less than a month ago, and has successfully established a strategic and marketing alliance with Edubox Inc. (www.edubox.co.kr), a KOSDAQ-registered company with over 4,000 distribution points in Korea and is ready to publish Edubox's Battlesudoku (www.battlesudoku.co.kr) and Battlepuzzle on its site on an exclusive basis outside of Korea.

Battlesudoku is a unique game that has proven very popular in Japan, the US, England and other European nations among both the young and the old of both sexes, as it has brought a very popular paper-based game to the online user market. Since it adopted a tournament format for the game, it has brought a new higher level of intensity and following among its users.

Sang-Don Kim, the CEO of CinTel said, "Let's Game Co., Ltd. will participate in the highly selective E3 Game Show (May 10th through May 12) with individual one-on-one meetings sponsored by the Korean government and is scheduled to meet prospective distribution partners and/or marketing partners for Battlesudoku and Battlepuzzle. Thus, CinTel has obtained an almost risk-free option to acquire a promising game-portal with much potential in the global online game market and establish Let's Game as a recognizable brand within the online gaming industry. We look forward to creating industry brand loyalty with the games of Let's Game. These new efforts will bring that loyalty to established and new markets. This Agreement is all positive for CinTel's stockholders and helps with our expanded operations focus and profitability."

About Edubox Inc.

Founded in 1994 as an online and offline education service provider and franchise of the English institute in Korea, Edubox Inc. has grown into a leading edutainment company in Korea which provide online education content like learning English, Chinese characters, computer skills through its online education contents portal (http://www.edubox.co.kr) and multimedia contents. Mobile contents and online game business are Edubox's next business strategy as Edubox Inc. has became a subsidiary of Hanbit Soft which is the leading online game publisher in 2002. Edubox Inc. has been listed on KOSDAQ since 1999.

About LetsGame.

Originally launched by Dacom Inc. in November 2002, "Let's Game" was acquired and re-launched by Dataway in December 2004. Founded in 2006 as a game portal site of "Letsgame". The Game portal of "letsgame" belonged to Dataway and was launched by Korea's second largest network provider Dacom Inc.'s subsidiary, Dacom MediaInternet Inc. (URL: www.dacommi.co.kr), originally. It currently operates as a game and community portal, and has twenty five games, flash games, mini-homepages, and online cafes. LetsGame portal has more than 3 million users. Its appeal is in its simplicity, growth potential in the overseas market and its proven stable platform

I still have CNCN on my watch list. Noticed it was inching up last couple of days.

8-k came out a/h today. Perhaps good to keep on watch.

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001191334%2D06%2D000014%2Etxt&FilePath=%5C2006%5C05%5C03%5C&CoName=CINTEL+CORP&FormType=8%2DK&RcvdDate=5%2F3%2F2006&pdf=

have a great trading day all

julia

More news. This stock just keeps pulling back down...not sure why.

Monday, October 02 2006 8:31 AM, EST

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CinTel Supplies LG Hitachi Backbone Switches to Enpia (Building backbone switching system for Online Stock Trading System)

Business Wire    "US Press Releases "

LOUISVILLE, Ky.--(BUSINESS WIRE)--

CinTel Corp. (CinTel) (OTCBB:CNCN), Korea's top Internet traffic management (ITM) solution provider, is pleased to announce that its fully owned subsidiary in Korea has signed an agreement to supply of approximately $500,000 worth of LG Hitachi's backbone switches with Elastic networks.

Enpia (www.enpia.net) is providing stock home trading service (HTS) to many Securities in Korea and hosting service with Internet Data Center (IDC). They are upgrading the entire network by replacing old backbone switches with LG Hitachi equipment through this project. This is expected to improve efficiency of operations, security and to give a competitive advantage in the online securities market.

Kyung-Seop Lee, Sales Manager of CinTel Korea, states "We continue to expand our offerings and welcome new references such as the NI project site for public to private enterprises."

Sang-Don Kim, the CEO of CinTel, said "We are excited to offer services outside of our traditional Internet traffic management solutions. These efforts to offer a complete solution to our customers and make our business model more flexible in the changing IT market will make CinTel a much more robust business."

About Enpia

Since its beginning, it has provided Content Delivery Network (CDN) services and solutions based on a Private Backbone Network that interoperates the top 3 IDC centers (KT-IDC, KIDC, Ngene) in the region. It has successfully provided Managed Network Services that have been specially developed for online trading services to 11 of Korea's top 20 online stock trading sites, enabling service availability of 99.99999%, and firmly positioning itself as the only company in Korea that has proven its ability to manage network traffic for online stock trading sites successfully.

About Elastic Network

Elastic Networks (www.elastic.co.kr), as a NI specified enterprise of middle standing in Korea, is proving service network solutions, maintenance and SI and NI projects. Having many public and private sector reference sites, such as Korean military, coast guard, universities Elastic has a strong business reputation in the Korean market.

About 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). For additional information, please visit CinTel Corp. at www.cintelcorp.net.

Sneaky little devil...silently creeping up.

This was the latest n/r:

Tuesday, October 24 2006 8:41 AM, EST

CinTel Corp. receives $15 Million in Convertible Bonds from KTB China Optimum Fund and Other Investors
Business Wire    "US Press Releases "

LOUISVILLE, Ky.--(BUSINESS WIRE)--

CinTel Corp. ("CinTel") (OTCBB: CNCN), a leader of Internet traffic management solutions, today announced that on October 24, 2006, it sold an aggregate of $15 million in convertible bonds, convertible to the common stock of the company at $0.50 per share. CinTel plans to use the proceeds of the investment to continue its strategic acquisitions towards a more diverse and profitable business. The investors included KTB China Optimum Fund, one of several venture capital and private equity funds managed by KTB Networks Inc, the largest listed venture capital company in Korea, EMLSI, a KOSDAQ listed company specializing in mobile semiconductors, and Axlon Corporation, KOSDAQ listed company specializing in intelligent network robots and STS Semiconductor & Telecommunications Co., Ltd.

As a result of this investment, CinTel anticipates it will have access into other related businesses in addition to its current focus on the ITM (Internet Traffic Management) market. CinTel anticipates that it will expand its business to include semi-conductor planning, design, distribution and sales starting with packaging, testing of semiconductors and the component markets. CinTel believes that redirecting its core business will have a significance influence on the value of the company for its partners and investors. With the drive to participate in the semiconductor market, with a significant growth potential in the near future, Management believes that CinTel will not only continue to contribute to the development of the IT industry, but revenues this year will provide CinTel with the base for stable and rapid growth.

Mr. Sang Yong Oh, Chairman of CinTel's board of directors said, "We are very thankful to the investors of KTBnetwork and the other KOSDAQ listed investors for their trust in CinTel and their convertible bond investment. We hope to reward their faith in CinTel by restructuring our organization to become a highly profitable company in the high-growth tech industries such as semiconductors. As we have stated in the past, this significant infusion of capital will no doubt offer CinTel the opportunity to re-list from the over-the-counter bulletin board to a more significant exchange with a wider investor base."

Sang Don Kim, the CEO of CinTel Corp., said, "We are very pleased to receive the $15 million investment from these long-term investors at a tremendous premium to the current stock price of CinTel. Needless to say, this is very good news for current shareholders of CinTel because this investment affirms that significant players have faith in CinTel's long-term vision. While it was not easy to turn CinTel's ITM products into large profits over the past nine years, with this significant investment, CinTel will be able to become a larger, more diversified company with significant profits in the near future. This is merely the beginning of a series of strategic moves that will maximize value for those shareholders who have been and will remain faithful to the Company's long term direction."

About KTBnetwork (www.ktbnetwork.com)

KTBnetwork is an investment company led by a team of highly-qualified and experienced professionals across all business areas and is a leader in value-added investment for the incubation and development of promising forward-looking companies. Since its establishment in 1981, it has invested more than one billion dollars in about 1,000 companies in almost every form of private equity, including start-ups, corporate restructurings, and buyouts. As one of Korea's largest and most prominent private equity companies, KTBnetwork is now preparing itself to become an internationally recognized premier investment group.

About EMLSI (www.emlsi.com)

EMLSI was founded in 2000 as a mobile semiconductor total solution provider in Korea. It is one of the world's largest SRAM solutions providers for mobile application and semiconductor production companies. It introduced PSRAM (Pseudo Static Random Access Memory) to the market in 2004 and has become one of the largest PSRAM suppliers worldwide. It has been listed on the KOSDAQ since 2005 and is publicly traded.

About Axlon (www.axlon.co.kr)

Axlon was founded in 1991 and focuses on technology, SI and DBMS businesses. It is expanding its business range in order to transform itself from a leading ubiquitous mobile solution company into the intelligent robotics and earphone, Bluetooth and mobile applications. It has been listed on the KOSDAQ since 2001 and is publicly traded.

About STS Semiconductor and Telecommunication (www.sts-semi.co.kr)

STS Semiconductor and Telecommunication is a subsidiary of BoKwang Group and the biggest semiconductor company in BoKwang's network of companies. It started as a semiconductor packaging and testing specialized company after spinning off from Samsung Electronics in 1998 and is now a leading semiconductor packaging company, as well as a total solution provider for memory applications for home appliances, semiconductors and TFT-LCD application products. STS has been listed on the KOSDAQ since 2001 and is publicly traded.

About CinTel Corp: (www.cintelcorp.net)

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). For additional information, please visit CinTel Corp's website.

Safe-Harbor Statement

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.

Source: CinTel Corp.

Nice news...now lets move it!

Tuesday, December 05 2006 9:55 AM, EST

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CinTel's Chinese Subsidiary, Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd (PSTS), Signs Contract with Samsung Electronic LCD (Suzhou) Co. to Provide LCD TV Source

Business Wire    "US Press Releases "

LOUISVILLE, Ky.--(BUSINESS WIRE)--

CinTel Corp. (CinTel) (OTCBB: CNCN), Korea's top Internet traffic management (ITM) solution provider, is pleased to announce that its subsidiary Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd ("PSTS") entered into a contract with Samsung Electronics LCD (Suzhou) (SELS) in November 2006 to provide LCD TV sources. Prior to this contract, PSTS supplied the LCD TV source indirectly through a 3rd party and will now be a direct vendor to Samsung. PSTS expects to see stable orders and growing sales through this new contract. Minimum order requirements under this contract are 1.2 million units annually and mass production has begun as of November 2006. PSTS expects this will contribute to significant sales starting from the first quarter of 2007, and anticipates the contract to result in at least an additional $8M in annual sales.

Products provided under this contract are sources Printed Board Assemblies (PBA) for 17 and 19 inch LCD monitors which are the most widely produced models of Samsung LCD Monitors, and are the main products of SELS. SELS is working to reach production targets in December '06, while sales increased by more than 20% as compared to October, when the product line was still at Samsung Electronics Corporation in Cheon An. PSTS expects to produce more than 2,000,000 products per year in 2007 by increasing the current production capacity, and adding new production models.

Joo Ho Choi, the manager of PSTS, said "We are pleased to secure stable and growing production through this contract. The contract with SELS is a milestone for PSTS and demonstrates our entry into the EMS (Electronic Manufacturing Service) company sector."

Sang-Don Kim, the CEO and President of CinTel said, "PSTS's contract with SELS is quite meaningful to PSTS and CinTel, because SELS represents a world-class customer and sales growth is expected to be explosive. According to our accounting team PSTS's sales in 2006 and the first quarter of 2007 are expected to increase some 430% compared to sales in 2005, when production first commenced, and 2006 will mark a significant inflection point in the corporate lifecycle of PSTS. CinTel is growing into a "Total Solution Enterprise" in the semiconductor sector by continuing investment and consolidating various parts of the industry."

About Phoenix Semiconductor and Telecommunication Suzhou (PSTS) (www.psts.com.cn)

Phoenix Semiconductor and Telecom became a majority-owned subsidiary of CinTel Corp. on October 2006. It was founded by STS Semiconductor and Telecommunication in China in 2004 by acquiring certain parts of the packaging production lines from Samsung Electronics Corporation's China plant (SESS). It began mass production in 2005, and its main customer is Samsung Electronics Corporation, the largest semiconductor manufacturer in the world. PSTS's main products are semiconductor packaging, NAND flash memory and LCD assembly.

About SELS (SAMSUNG ELECTRONICS SUZHOU LCD CO.,LTD)

SELS (SAMSUNG ELECTRONICS SUZHOU LCD CO.,LTD) was a TFT-LCD module specialized assembling company, founded on September 18, 2002 in Suzhou complex with initial investment of three million dollars. It currently produces monitors and laptop TFT-LCD module for 12.1, 14.1, 17 and 19 inches. Its production capacity is 2,000,000 per year, and it started to produce the new 32 inches TFT-LCD TV module in July 2006

CinTel's Chinese Subsidiary, Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd (PSTS), Signs Contract with Samsung Electronic LCD (Suzhou) Co. to Provide LCD TV Source
CinTel Corp. (CinTel) (OTCBB: CNCN), Korea's top Internet traffic management (ITM) solution provider, is pleased to announce that its subsidiary Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd ("PSTS") entered into a contract with Samsung Electronics LCD (Suzhou) (SELS) in November 2006 to provide LCD TV sources. Prior to this contract, PSTS supplied the LCD TV source indirectly through a 3rd party and will now be a direct vendor to Samsung. PSTS expects to see stable orders and growing sales through this new contract. Minimum order requirements under this contract are 1.2 million units annually and mass production has begun as of November 2006. PSTS expects this will contribute to significant sales starting from the first quarter of 2007, and anticipates the contract to result in at least an additional $8M in annual sales.

Products provided under this contract are sources Printed Board Assemblies (PBA) for 17 and 19 inch LCD monitors which are the most widely produced models of Samsung LCD Monitors, and are the main products of SELS. SELS is working to reach production targets in December '06, while sales increased by more than 20% as compared to October, when the product line was still at Samsung Electronics Corporation in Cheon An. PSTS expects to produce more than 2,000,000 products per year in 2007 by increasing the current production capacity, and adding new production models.

"CNCN.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.     
All history on a stock pick in 1 thread is awesome.     

Thank You....and good luck with all your trades....make some $$$     

   [/color]CinTel Obtains Exclusive Sales and Marketing Rights to Launch the Mobile WiMAX Technologies of Digifriends Co., Ltd. in the US and Europe
New Partner Considered Primary World Leader in Space
CinTel Corp (CinTel) (OTCBB: CNCN) announced that it has signed an exclusive strategic alliance agreement with Digifriends Co., Ltd. (Digifriends, http://www.digifriends.net) to bring their 4th Generation WiMAX technologies to the US and European markets. Mobile WiMAX (World Interoperability for Microwave Access) expectations are the enabling of true broadband speeds over wireless networks at a cost point to enable mass market adoption. The agreement includes the exclusive right to sell and market Digifriends' WiMAX hardware and software technologies for the next three years. In addition, it includes co-development, co-marketing, and cooperation for sales in other overseas markets as well. Thus, CinTel gained the exclusive right to provide radiofrequency (RF) modules and terminals created by Digifriends to North American and European wireless providers.

Digifriends is one of 3 companies worldwide that can currently develop Satellite Digital Multimedia Broadcasting products with their wholly owned technology (multimedia codec: H.262/+AAC, CAS, 2.6GHz RF) and licensing. Satellite Digital Multimedia Broadcasting (S-DMB) is a digital radio transmission system for sending multimedia (radio, TV, and datacasting) to mobile devices such as mobile phones.

Woori and possibly Bokwang investments......

I don't think many investors realize how undervalued CNCN is right now as a result of these nicely accretive financings from some significant names in Korea's financial industry.

Unless I am completely misreading/misinterpreting the filing, it appears to me that the $63 million financing from Woori is just one part of this round of financing (which is scheduled to be officially signed at Woori's offices on April 12). Again, I could be wrong on this but it looks like affiliates of the Bokwang conglomerate will be investing more than $10 million in CNCN before or on the closing date, bringing the total amount of money raised in this round to more than $73 million......

Affiliates of Bokwang Group, such as Phoenix Development & Investment Co., Ltd., Phoenix Digital Tech Co., Ltd., etc. shall have subscribed to the convertible bonds issued by the Company in the amount of at least KRW 10 billion under the terms and conditions that are not more favorable for the foregoing parties than those for the Subscriber, on or prior to the Closing Date.

http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4756670&doc=2&num=3&total=34&back=1

Assuming my above take on this latest financing is correct, here are some quick calculations. On a fully-diluted basis I believe prior to this financing there were about 130 million shares outstanding (it is probably less than that, but I'll just use this number). Following this round of financing the fully-diluted share count is probably in the neighborhood of 235 million shares outstanding.

This financing alone will result in CNCN having more than $73 million in cash (more than 31 cents per share) sitting on its balance sheet prior to any acquisition it makes. Today's closing price gives CNCN a fully-diluted market cap of less than $78 million. The market is giving CNCN a valuation of basically $5 million. I am invested in shells that have higher valuations than that.

At some point light bulbs are going to go off in the minds of some investors.

Nice chart here.  Looks like a long term symetrical triangle breakout.

Interesting 140,000 traded in pre-market.  Could be a big day.

Looks like CNCN.OB is ready to move again.

http://biz.yahoo.com/iw/070412/0238149.html

Sang Don Kim, the CEO of CinTel Corp., said, "We are transforming CinTel Corp. into a key semiconductor player with some very important acquisitions, making CinTel a more vibrant, profitable, and growing company. I am quite excited with the successful closing of the additional investment from the affiliates of Bokwang group and Woori Private Equity Fund. The current shareholders should be delighted that these investments are being made at a tremendous premium to CinTel stock's current market price, because these institutional investors share CinTel management's unshakable belief that CinTel's business and operation are quite promising and poised for explosive growth."