City Network Announces Purchase Order From Europe's MCA
Technology Inc. for Shipment of New MP3 Product Line
TAIPEI, Taiwan, May 4 /PRNewswire-FirstCall/ -- City Network, Inc. (AMEX:CSN),
a company that designs, manufactures and markets a comprehensive line of
broadband and wireless Internet access solutions and consumer electronic
products, today announced the expansion of the company's marketing initiative
in Europe. To accompany the growth in consumers 3C products demand, City
Network is aggressively concentrating on the marketing and distribution of
products in this trend. Recently, City Network received an official purchase
order from MCA Technology Inc. for a version of its MP3 product line. The new
supply contract is for 150,000 units which amounts to approximately USD$2.34M.
These MP3 products will be distributed by MCA Technology Inc. to its customers
throughout the company's channels in various European countries.
"We are excited about this new business in Europe with MCA Technology, because
it means the quality and design of our products meet the needs of the European
market," remarked City Network Chairman Andy Lai. "We are currently planning a
very aggressive marketing strategy to enter this market with full force." For the past three years, City Network has developed high quality 3C consumer
products including the "pen driver," VoIP equipment and other items such as
mobile handsets for mostly Asia, China and African markets. However, this new
order from MCA Technology Inc. represents City Network's first opportunity to
compete and expand business in the European market. "We believe that this new
order is a terrific opportunity to introduce our 3C consumer products business
to European end users," stated Lai.
In addition, City Network has plans to focus efforts on the development of
product distribution in North America as well.
For more information about City Network, Inc., please visit
http://www.citynetwork.com.tw/ Safe Harbor under the Private Securities Litigation Reform Act of 1995: The
statements which are not historical facts contained in this press release are
forward-looking statements that involve certain risks and uncertainties
including but not limited to risks associated with the uncertainty of future
financial results, regulatory approval processes, the impact of competitive
products or pricing, technological changes, the effect of economic conditions
and other uncertainties as may be detailed in City Network's filings with the
Securities and Exchange Commission. Nothing in this press release shall be
construed as an offer to buy or sell any securities herein.
This release was issued on behalf of the above organization by Send2Press(TM),
a unit of Neotrope(R). http://www.send2press.com/ DATASOURCE: City Network, Inc.
CONTACT: Alice Chen of City Network, +886-2-8226-5566, ext. 9, Web site: http://www.citynetwork.com.tw/ http://www.send2press.com/
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