Mr. Tai Bok Kim

Tai Bok Kim, the largest holder of the convertible notes of CinTel Corp. (OTCBB:CNCN), a leader in the Internet traffic management market, finally spoke out today as to why he invested in CinTel and why he intends to be a long-term investor in CinTel.

Mr. Tai Bok Kim, who stands to hold 19.4 million of new shares of CinTel when he converts sometime, says, I discovered CinTel last year when CinTel was trading at around $0.03 to $0.035.
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Currently, Mr. Tai Bok Kim is the CEO and President of Pheonix Asset Management Co., Ltd., formerly known as Global Asset Management Co., Ltd.Pheonix Asset Management is 18% owned by an affiliate company of the Bokwang Group (www.bokwang.com) and 20% owned by CinTel.Mr. Tai Bok Kim and the Chairman/CEO of Bokwang Group are brothers-in-law.

Mr. Sang-Don Kim, the CEO and President of CinTel says, CinTel is very thankful for all the financial and business resources that Mr. Tai Bok Kim is bringing.
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The reason for Mr. Kim and other note holders' conversion is to provide CinTel with lower debt-to equity-ratio so that when CinTel acquires synergistic targets, CinTel will be in a better bargaining position with a stronger balance sheet.As Mr. Kim stated, in 2006, CinTel is laying the foundations for growth and will selectively acquire companies that will be accretive to CinTel's earnings in the long-run and have synergies with CinTel's current lines of business.

Tai Bok Kim, the largest holder of the convertible notes of CinTel Corp. (OTCBB:CNCN), a leader in the Internet traffic management market, finally spoke out today as to why he invested in CinTel and why he intends to be a long-term investor in CinTel.

Mr. Tai Bok Kim, who stands to hold 19.4 million of new shares of CinTel when he converts sometime, says, I discovered CinTel last year when CinTel was trading at around $0.03 to $0.035.
...
Currently, Mr. Tai Bok Kim is the CEO and President of Pheonix Asset Management Co., Ltd., formerly known as Global Asset Management Co., Ltd.Pheonix Asset Management is 18% owned by an affiliate company of the Bokwang Group (www.bokwang.com) and 20% owned by CinTel.Mr. Tai Bok Kim and the Chairman/CEO of Bokwang Group are brothers-in-law.

Mr. Sang-Don Kim, the CEO and President of CinTel says, CinTel is very thankful for all the financial and business resources that Mr. Tai Bok Kim is bringing.
...
The reason for Mr. Kim and other note holders' conversion is to provide CinTel with lower debt-to equity-ratio so that when CinTel acquires synergistic targets, CinTel will be in a better bargaining position with a stronger balance sheet.As Mr. Kim stated, in 2006, CinTel is laying the foundations for growth and will selectively acquire companies that will be accretive to CinTel's earnings in the long-run and have synergies with CinTel's current lines of business.