City Network Announces DSL Modem Deal with China Telecom, China Netcom

Beijing Putian Hexin, a subsidiary of Taiwan-based City Network, obtained ADSL modem supplier agreements with two of China's largest telecommunications companies: China Telecom and China Netcom. City Network, through Beijing Putian Hexin, has already successfully supplied more than 300,000 units of ADSL modems to China Telecom Co. and to China Network Communication Corp. since July 2003, which has generated over US$7 million in total revenues. Beijing Putian Hexin has also shipped over 60,000 ADSL modems to the Hainan Island Provincial Telecom Corporation this past year and has also secured orders from Hainan Telecom for 2005. http://www.citynetwork.com.tw