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 announced today the development of its own newly designed Wireless VOIP system (http://www.citynetwork.com.tw/web-e/p4-5.htm).
This new product line has integrated DECT (Digital Enhanced Cordless Telecommunications) and VOIP technologies to create a unique product offering which makes City Network one of a few select providers of this type of device world-wide. Extensive in its design, style and functionality, the Company believes this proprietary product provides City Network with a new face in the exciting new VOIP technology market and expands the company's diverse and far-reaching product lines in the dynamic convergent networking environment.
City Network engineers have developed a sophisticated combination of both DECT and VOIP technologies, which incorporates the bridging of advanced cordless telephone handsets with a sleek and powerful VOIP gateway and DECT base modules that connect and stream voice seamlessly and conveniently across the internet. The research and development of this new product series is designed to overcome the shortcomings of programs that exclusively use computers and Wi-Fi telephones and give the user the convenience and comfort of using a cordless handset.
"We see the new Wireless VOIP system with DECT handset and VOIP gateway device as the beginning of a new episode for our Company," exclaimed Chairman Andy Lai, "not only is it a culmination of a great amount of City Network's R&D efforts, but it also represents a proprietary product package in what we believe could become a burgeoning and lucrative new market."
City Network will have three models available for sale to the market: the basic WGP 1000 for home and SOHO use, the more advanced WGP 2200 with PBX functionality and the WGP4100 with expandability for corporate users. Furthermore, City Network has designed the products for multiple simultaneous users, with interactive voice functions and the ability to choose H.323 or SIP protocols designed to make upgrades easy and cost effective.
In addition to helping customers build-up a convenient, wireless and toll-free network environment, City Network has also aligned with a major Taiwanese VOIP service provider to provide a unique promotional purchase and installation price which includes an "all you can call" benefit for new subscribers. In this new promotion, City Network plans to bundle both hardware and service to create a feasible business upgrade by integrating cheap and effective VOIP service together with advanced communications infrastructure that can save money for any customer, large or small. By using internet telephony in an effective manner with City Network's new wireless VOIP products, customers are capable of realizing savings on local/long-distance telephone, GSM cellular and international phone calls.
Over the past two months, City Network's Wireless VOIP system products have been successfully tested with a local service provider and are now in mass-production. City Network has already established three master dealer authorization agreements locally and is aiming at the SME market in Taiwan and China. The Company intends to extend its marketing of the product to interdepartmental use especially among larger corporate customers with multi-locations. The profit margin for this wireless VOIP product line is one of the highest among City Network's products.
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