SOURCE: CinTel Corp.

December 17, 2007 15:37 ET

CinTel Corp. Announces a New Addition to Its Board of Directors

LOUISVILLE, KY--(Marketwire - December 17, 2007) - CinTel Corp. (CinTel) (OTCBB: CNCN) announced that it has added Mr. Jungho Kim, currently a director of Woori Private Equity Fund ("Woori PEF"), as a member of its board of directors effective today. Mr. Kim has a wealth of experience that will soon prove quite relevant and useful to CinTel. Prior to joining Woori PEF, Mr. Kim served as the director of Value Meet Investment Co., Ltd. in Korea where he headed the firm's M&A division and oversaw dozens of M&A's. Before working at Value Meet Investment, he was a corporate workout specialist at Woori Bank, where he engineered the restructuring of corporate finance systems for such as Kohop Co., Ltd. and Daewoo International, Ltd. Mr. Kim holds a BA in business administration from Yeonsei University. He is a certified public accountant in Korea.

Mr. Sang Don Kim, the Chief Executive Officer of CinTel, stated, "We are extremely pleased that Mr. Kim will be serving as a member of the CinTel board. He brings a vast amount of M&A, strategic planning, management and investor relations experience to complement our existing board. The fact that Woori PEF has placed someone of Mr. Kim's caliber in this position to advise and assist our board speaks volumes about the expectation and the importance that Woori PEF places on CinTel. I expect that Mr. Kim would be quite hands-on in CinTel's future M&A deals that will create synergies with the existing portfolio of strategic semiconductor companies and investor communication that give clear direction as to where the company is headed."

Mr. Jung Ho Kim also responded, "I am glad to assist CinTel in achieving its goal of becoming a unique semiconductor company with a multifaceted value proposition to many prospective financial and strategic investors. Now that I have officially been appointed to CinTel's board, I hope to leverage my networks in the investment and semiconductor communities to generate interest in this comprehensive semiconductor and LCD value chain company with high growth prospects."

About Woori PEF: (

Woori Private Equity Fund (Woori PEF) is a subsidiary of Woori Financial Group which is one of the top three financial groups based in Korea. The major business area of Woori PEF consists of the private equity business in accordance with the Indirect Investment Asset Management Business act. Woori Financial Group is listed on the New York Stock Exchange and the Korea Stock Exchange.

About CinTel Corp: (

Founded in 1997, CinTel evolved from being an Internet traffic management (ITM) solution provider to a semiconductor-focused company. CinTel has created a conglomeration of technology products to include NAND flash memory packaging, LCD assembly, semiconductor packaging and testing specialists, as well as a total solution provider for memory applications for home appliances, semiconductor and TFT-LCD application products.

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.

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