SOURCE: CinTel Corp.

January 23, 2006 11:18 ET

CinTel Corp. in Consortium With KT Corp. Secures a Significant Kuwaiti Project

LOUISVILLE, KY -- (MARKET WIRE) -- January 23, 2006 -- CinTel Corp. (OTC BB: CNCN), a leader in Internet traffic management, announced today it has secured and signed a contract worth approximately US$450,000 for the global system integration project in four Hyundai Heavy Industries Co., Ltd. ("HHI"; www.hhi.co.kr) plants located in Kuwait. CinTel Corp. in consortium with KT Corp (formerly, Korea Telecom Corp.; www.kt.co.kr) has been contracted to build the voice, data and network project, including supply of iCache for this project.

HHI is one of the best and leading heavy industry companies in the world and is renowned for its shipbuilding and plant construction. To facilitate seamless communication between the plant construction site in Kuwait and its headquarters in Ulsan, Korea, the consortium of CinTel and KT will be providing a communications network using KT's satellite network. HHI has selected the CinTel/KT consortium for this project to build and maintain the voice and data communication network.

CinTel will play a vital role in the data network portion's architecture design and system equipment selection. The Kuwait project will require establishing a wireless data network of 10Mbps between the Kuwait headquarters branch office and the four plants, and a satellite network between the Kuwait branch office and the Ulsan main headquarters. CinTel will install iCache to dramatically improve the limited network bandwidth and response time to the Kuwait branch office.

As this is the first time that HHI is establishing its own data network at a project location, CinTel/KT consortium expects there may be many more such projects overseas with HHI. This represents the first overseas project since CinTel and KT began their cooperative working relationship starting with the National Museum of Korea (www.museum.co.kr) project in 2005. CinTel and KT have demonstrated they have an enviably solid relationship and expect they will be able to cooperate in many other projects. Sang-Don Kim, the CEO of CinTel said, "This first major overseas project with HHI is quite meaningful for CinTel as it targets the overseas markets as one of the key growth areas for revenues for CinTel. We will continue to focus on HHI and other overseas projects in conjunction with KT. In this HHI Kuwait project, CinTel is responsible not merely for supplying the internet traffic management ("ITM") solution, but also for the management and building of the entire data network. CinTel will continue to expand its expertise-base gathered through ITM solutions into other network solutions."

About Hyundai Heavy Industries (HHI)

HHI, founded in 1972, is the largest heavy industry company in Korea. HHI has a global business network in each of its six business divisions: Shipbuilding, Offshore & Engineering, and Industrial Plant & Engineering. Primarily, HHI is a global leader company in business sectors of shipbuilding and plant engineering. HHI's workforce currently numbers 26,200 individuals and revenue of 2005 is expected to be larger than US$10 billion. HHI has several affiliated companies -- Hyundai Samho Heavy Industries Co., Ltd. (HSHI), Hyundai Mipo Dockyard Co., Ltd. (HMD), Hyundai Venture Investment Corp. Hyundai Futures Co. Hyundai Finance Corp.

About KT Corp.

KT Corp., formerly known as Korea Telecom Corp., is the leading telecommunication solution provider in Korea, providing services such as: ADSL, VDSL, leased line, satellite, cable services and high-speed Internet network infrastructure. The company currently has approximately 23 million customers. KT Corp.'s research and development strategy is focused on broadband, IP, wire/wireless integration and e-Portal activities.

About CinTel Corp.

CinTel Corp., while based in the U.S., has its main business operations in Korea and provides enterprise technology solutions to deliver faster internal and external network service. It is a company devoted to providing software and hardware solutions for faster Internet service. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product. CinTel's award-winning Internet Traffic Management (ITM) solutions are marketed to customers worldwide, enabling the company's customers to improve Internet traffic management, service levels and user experience. CinTel maintains its position as a leader in Internet Traffic Management through continuous research and development efforts. CinTel is also a recognized leader in Content Delivery Network (CDN). CinTel offers a comprehensive line of advanced Internet Traffic Management solutions and system performance improvement solutions that help network operators meet the growing need to manage web access, secure content, improve users' experiences, and reduce server loads and bandwidth demands. For additional information, please visit: www.cintelcorp.net or contact J.D. Sparks, 502-657-6077 (O), 502-693-8022 (C), JDSparks@cintelcorp.net.

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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