SOURCE: Welcom

March 30, 2005 07:00 ET

Welcom Establishes Regional Base in Hong Kong

HOUSTON, TX -- (MARKET WIRE) -- March 30, 2005 -- Welcom, a global leader in project portfolio management solutions, announces the opening of its Asia-Pacific headquarters in Hong Kong. The Hong Kong office is responsible for developing networks with other IT hardware, software and consulting solution partners in the region, and serving the needs of regional customers.

"We believe that Asia offers an important growth opportunity for the company, especially in light of fast growing economies such as China," said Steve Cook, president of Welcom. "Hong Kong offers all the right ingredients for us to grow our business in China and support our customers across Asia, including a business-conducive environment, modern telecommunications facilities, free flow of information and a large pool of business services."

Welcom is establishing a core team of marketing and technical expertise in Hong Kong to support its channel partners in over 13 countries, including China, Japan and Pakistan. It also has future plans to expand the Hong Kong office in order to support the distributors in the region.

"Asia offers key growth opportunities driven by fast growing economies and a thirst for quality technical expertise in the portfolio project management arena," said Dane Knight, vice president of Welcom, Asia-Pacific. "Hong Kong has superb infrastructure and is ideally located as a gateway to China and within easy reach of the rest of Asia. We are pleased to make this investment and commitment to Hong Kong and our partners across the region."

The Associate Director-General of Investment Promotion at Invest Hong Kong, John Rutherford, congratulated Welcom on their new venture in Hong Kong. "We are delighted to see another IT company setting up its regional headquarters in Hong Kong," said Rutherford. "Welcom's investment here, once again, confirms Hong Kong's key role as one of the leading IT hubs in Asia. Companies investing here can leverage Hong Kong's experience in the commercialization of technologies; the large pool of potential customers represented by the largest number of regional headquarter operations in Asia; and, of course, our position as a key entry point into the huge Mainland market."

Invest Hong Kong is the Hong Kong Special Administrative Region Government's one-stop shop for overseas companies who are interested in establishing or expanding their presence here.

About Welcom

Welcom (www.welcom.com) leads in the invention, development, and implementation of the world's most advanced project portfolio management solutions for the enterprise. Welcom translates global experience, industry knowledge, and innovative technology into software solutions that help people plan more effectively and better manage business-critical projects.

Established in 1983, Welcom has two decades of leadership and a worldwide customer base. Welcom is a privately held company that maintains its corporate headquarters in Houston, Texas, with offices in the United Kingdom and Hong Kong. Its primary channels of distribution include a direct sales force and a network of resellers located around the world.

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