CPCNet Launches Next-Generation Corporate Private Network solution TrueCONNECT™

TrueConnect provides Greater China businesses with a cost-effective, high-performance, reliable and secure Corporate Private Network solution, paves way for value-added IP applications

HONG KONG - March 6, 2002 - CPCNet Hong Kong Limited, a CITIC Pacific (SEHK: 0267) company, today launched TrueConnect, a next-generation corporate private network solution for enterprises that require a direct, secure and high-performance network connecting locations across Greater China. TrueConnect is an end-to-end managed network solution that utilizes state-of-the-art Multi-Protocol Label Switching-based (MPLS-based) technology. MPLS enables more efficient management of data traffic, thereby delivering higher performance for applications such as data, voice, fax and video.

CPCNet will initially offer TrueConnect in seven cities across Greater China including Hong Kong, Taiwan, Shanghai, Beijing, Shenzhen, Guangzhou, and Wuhan. Service coverage will be expanded to additional cities and countries in the next six months.

"TrueConnect is a demonstration of CPCNet's strategic vision combining our next generation IP network with unmatched Greater China service fulfillment capabilities for a truly 'one-stop' solution," said Stephen Ho, CEO of CPCNet. "China's accession to the WTO is a powerful catalyst for both inbound and outbound business opportunities in China. CPCNet's TrueConnect is an ideal next-generation networking solution that will increase cross-border collaboration through technology and therefore, enhance competitiveness for businesses focusing on China."

In addition to delivering high-performance, secure data transmission, intra- and inter-company communications, TrueConnect is launched strategically to pave way for advanced IP applications such as voice over IP (VoIP) and video conferencing. TrueConnect's MPLS-based IP network also presents unparalleled cost advantages with higher scalability and quality of service as compared to traditional technologies such as International Private Leased Circuit (IPLC), Frame Relay, or Asynchronous Transfer Mode (ATM).

"TrueConnect is a tremendous step forward for businesses in Greater China. TrueConnect's MPLS-based corporate private network is a cost-effective alternative to traditional technologies and does not compromise network security, quality, performance, or reliability," added Ho.

With the state-of-the-art MPLS technology combining routing and switching efficiencies, TrueConnect achieves optimization of a shared architecture that keeps costs low while enjoying high performance and stringent security measures. MPLS-based network also allows for fast and easy network expansion and upgrades through simple reconfiguration of routers.

TrueConnect also aligns with CPCNet's "one-stop-shop" value proposition as it delivers a hassle-free corporate private network solution. CPCNet takes care of the entire process from service consultation, order management, logistics, operations coordination, and equipment setup to 24x7 technical support, providing customer a fully managed corporate private network solution in the Greater China region.

CPCNet will be exhibiting and demonstrating its TrueConnect corporate private network solution at Booth H1 at Hong Kong's Information Infrastructure Expo 2002 to be held at Hong Kong Convention and Exhibition Centre from March 7 – 10, 2002.

Media Contact:
Priscilla Wat
Phone: 852-2170-7536
Email: mediaenquiry@CPCNet.com

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