Matthews International Funds Ma (NYSE:ASIA)

BEIJING and SANTA CLARA, Calif., Jan. 15, 2014 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunication software solutions and services in China, today announced the completion of the merger (the "Merger") contemplated by the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated May 12, 2013, by and among the Company, Skipper Limited ("Parent") and Skipper Acquisition Corporation ("Merger Sub"). As a result of the Merger, Merger Sub merged with and into the Company, with the Company continuing as the surviving company after the Merger as a wholly owned subsidiary of Parent.

Under the terms of the Merger Agreement, which was approved by the Company's stockholders at a special meeting held onDecember 19, 2013, each share of Company common stock issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time") (other than the excluded shares and the dissenting shares) was converted into the right to receiveUS$12.00 in cash without interest. An "excluded share" is a share of Company common stock held (i) in the treasury of the Company or (ii) by Parent or any direct or indirect wholly owned subsidiary of Parent (including Merger Sub) immediately prior to the Effective Time, including each share of Company common stock contributed to Parent by the rollover stockholders in accordance with certain rollover agreements entered into by Parent and the rollover stockholders and each share of Company common stock contributed to Parent by certain other stockholders of the Company in accordance with certain additional rollover agreements. A "dissenting share" is a share of Company common stock held by a stockholder who is entitled to demand and properly demands appraisal of such share pursuant to, and who complies in all respects with, Section 262 of the General Corporation Law of the State of Delaware, as amended.

Stockholders entitled to the merger consideration will receive a letter of transmittal and instructions on how to surrender their stock certificates in exchange for the merger consideration, and should wait to receive the letter of transmittal before surrendering their stock certificates.

The Company requested that trading of its shares of common stock on NASDAQ Stock Market LLC (the "NASDAQ") be suspended and that the NASDAQ file a Form 25 with the Securities and Exchange Commission (the "SEC") to delist and deregister the shares of Company common stock. The Company intends to terminate its reporting obligations under the Securities Exchange Act of 1934, as amended, by promptly filing a Form 15 with the SEC. The Company's obligation to file with the SEC certain reports and forms will be suspended immediately as of the filing date of the Form 15 and will cease once the deregistration becomes effective.

BEIJING and SANTA CLARA, Calif., December 19, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunication software solutions and services in China, today announced that, at a special meeting of the stockholders of the Company held today, the Company's stockholders voted in favor of the proposal to adopt the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated May 12, 2013, by and among the Company, Skipper Limited ("Parent") and Skipper Acquisition Corporation ("Merger Sub"), pursuant to which Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company after the merger as a wholly owned subsidiary of Parent (the "Merger"). The Merger Agreement was approved by approximately 52.75% of the outstanding shares of Company common stock, satisfying the requirement in the Merger Agreement that at least a majority of the outstanding shares of Company common stock approve the Merger Agreement.

The parties currently expect to complete the Merger in the first quarter of 2014, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement. If completed, the Merger will result in the Company becoming a privately-held company and the common stock of the Company will no longer be listed on the NASDAQ Global Market.

BEIJING and SANTA CLARA, Calif., December 6, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunication software solutions and services in China, today announced that it has received clearance from the Ministry of Commerce of the People's Republic of China pursuant to the Anti-Monopoly Law of the People's Republic of China with respect to the merger (the "Merger") contemplated by the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated May 12, 2013, by and among the Company, Skipper Limited ("Parent") and Skipper Acquisition Corporation ("Merger Sub").

Under the terms of the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company after the merger as a wholly owned subsidiary of Parent. If completed, the Merger will result in the Company becoming a privately-held company and the common stock of the Company will no longer be listed on the NASDAQ Global Market.

As previously announced, the Company will hold a special meeting of its stockholders on December 19, 2013, at 3:00 p.m. (Beijing time), to consider and vote on the proposal to adopt the Merger Agreement. Proxies submitted via the Internet or telephone must be received by 11:59 p.m., Eastern Time, on December 17, 2013.

BEIJING, SANTA CLARA, Calif. and CAMBRIDGE, UK, November 19, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (Nasdaq: ASIA), ("AsiaInfo-Linkage" or the "Company") Asia's leading supplier of BSS systems, today announced that it has secured its first major business support system (BSS) contract with a top tier European operator group, Telenor ASA (Telenor Group), which has operations in seven European countries. The win represents AsiaInfo-Linkage's first project with a top-tier European operator group after the company formally launched operations in the EMEA region last year.

As lead contractor, AsiaInfo-Linkage will steer Telenor's BSS transformation for the company's operations in Denmark, as well as provide implementation, operational, and maintenance support. The project will include AsiaInfo's proprietary billing, customer relationship management, and real-time analytics software, including the Company's Veris� BSS solution. Veris is designed to leverage the efficiencies of a cloud-based platform while radically simplifying the customer support operations associated with typical legacy systems, and currently serves more than 890 million users in Asia. Work on the project began in September of this year.

Telenor Denmark CEO Marek Slacik said: "The development of a new IT platform is crucial in our ongoing efforts to create a new, simpler and more efficient Telenor, and we have high expectations in AsiaInfo-Linkage as our partner on this journey."

AsiaInfo-Linkage President and CEO Steve Zhang said: "The focus of our project with Telenor is customer service and engagement. By deploying our proven software solutions, our goal will be to greatly enhance the customer experience for Telenor users. Furthermore, this is a significant contract win for our European team and reflects the versatility of our products, as well as our ability to tailor them for customers anywhere in the world."

BEIJING and SANTA CLARA, Calif., November 18, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunication software solutions and services in China, today announced that it has called a special meeting of its stockholders (the "Special Meeting"), to be held on December 19, 2013, at 3:00 p.m. (Beijing time), at 4th Floor, Zhongdian Information Tower, 6 Zhongguancun South Street, Haidian District, Beijing, People's Republic of China, to consider and vote on the proposal to adopt the previously announced Agreement and Plan of Merger, dated May 12, 2013 (the "Merger Agreement"), by and among the Company, Skipper Limited ("Parent") and Skipper Acquisition Corporation ("Merger Sub").

Under the terms of the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company after the merger as a wholly owned subsidiary of Parent (the "Merger"). If completed, the proposed Merger will result in the Company becoming a privately-held company and the common stock of the Company will no longer be listed on the NASDAQ Global Market. The Company's board of directors, acting upon the unanimous recommendation of the special committee formed by the board of directors, approved the Merger Agreement and resolved to recommend that the Company's stockholders vote to adopt the Merger Agreement.

Third Quarter 2013 Financial Results

• Total revenues for the third quarter of 2013 were US$143.2 million, an increase of 8.3% year-over-year and an increase of 2.1% sequentially.
• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$17.2 million, or US$0.24 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$17.3 million, or US$0.24 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the previous quarter was US$17.7 million, or US$0.24 per basic share.

"AsiaInfo-Linkage's third quarter results were in line with our expectations and marked by steady growth in our core business withChina's telecommunication carriers. The monetization and optimal management of the carriers' rapidly growing data traffic continues to greatly influence the scope and objectives of our software solutions," said Steve Zhang, the Company's president and chief

Business Outlook

The Company expects fourth quarter 2013 net revenue (non-GAAP) to be in the range of US$173.0 million to US$181.0 million. The Company expects fourth quarter 2013 net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range ofUS$0.31 to US$0.40.

Second Quarter 2013 Financial Results

• Total revenues for the second quarter of 2013 were US$140.2 million, an increase of 11.0% year-over-year and a decrease of 2.0% sequentially. Meeting guidance, net revenue (non-GAAP) for the second quarter of 2013 was US$136.7 million, an increase of 9.8% year-over-year and 0.7% sequentially. The year-over-year and sequential increases were mainly due to growth in demand from China's telecommunication carriers.
• Non-GAAPwas US$17.7 million, or US$0.24per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$18.6 million, orUS$0.26 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the previous quarter was US$26.6 million, or US$0.37 per basic share. The year-over-year and sequential decreases were mainly due to the same factors impacting net income attributable to AsiaInfo-Linkage, Inc.

"The second quarter was another solid performance for AsiaInfo-Linkage as China's three telecommunications carriers continued to focus on monetization of their data traffic," said Steve Zhang, the Company's president and chief executive officer. "The growth in the number of mobile users and the increase in related data traffic continue to define much of our current project work. We are well positioned to help the carriers adapt as China's telecommunications industry evolves."

AsiaInfo-Linkage chief financial officer Michael Wu said, "In the second quarter, as a result of our periodic goodwill impairment review, which considers a number of factors and market conditions, the Company determined that an impairment loss ofUS$286.8 million should be recognized in the period."

Business Outlook

The Company expects third quarter 2013 net revenue (non-GAAP) to be in the range of US$137 million to US$141 million. The Company expects third quarter 2013 net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range of US$0.22 to US$0.25.

BEIJING and SANTA CLARA, Calif., May 24, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunication software solutions and services in China, and the largest Business Support System ("BSS") supplier to the telecommunications industry in Asia, today announced that it has sold interests in two contractually controlled entities.

As previously announced, on May 12, 2013, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Skipper Limited, a Cayman Islands exempted company with limited liability ("Parent") and Skipper Acquisition Corporation, a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation (the "Merger"). In connection with the Merger, certain subsidiaries and employees of the Company entered into a number of agreements with two unaffiliated individuals pursuant to which such individuals purchased the Company's interests in Beijing Zhongxinjia Sci-Tech Development Co., Ltd. ("ZXJ") and Beijing Star VATS Technologies Co., Inc. ("Star VATS"). ZXJ and Star VATS were previously controlled by the Company through a series of contractual arrangements. The transfer of the Company's interests in ZXJ and Star VATS has been completed and the Company no longer has any legal right to control ZXJ and Star VATS. The consideration payable to the Company for its interests in ZXJ and Star VATS is the fair market value of such interests as determined on the basis of an appraisal undertaken by an independent asset appraisal firm.

BEIJING, May 13, 2013 /PRNewswire/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA, "AsiaInfo-Linkage" or the" Company"), a leading provider of telecommunication software solutions and services in China and the largest Business Support System supplier to the telecommunications industry in Asia, and CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd. ("CITIC Capital Partners") announced today the signing of a definitive merger agreement under which AsiaInfo-Linkage will be acquired by a private investor consortium led by CITIC Capital Partners.

Under the terms of the merger agreement, upon completion of the acquisition the stockholders of AsiaInfo-Linkage will receiveUS$12.00 in cash for each AsiaInfo-Linkage share of common stock they hold. This per share price values AsiaInfo-Linkage at approximately US$890 million, represents a 52% premium over the closing price on January 11, 2012, the last trading day prior to AsiaInfo-Linkage's receipt of a "going private" proposal from CITIC Capital Partners, and represents a 53% premium over the 30-trading day volume weighted average price as of the same date.

AsiaInfo-Linkage's board of directors, acting upon the unanimous recommendation of a special committee of independent directors, has approved the merger agreement and resolved to recommend that AsiaInfo-Linkage's stockholders vote to adopt the merger agreement. The special committee, which is composed solely of independent directors that are not affiliated with any member of the buyer consortium or any member of AsiaInfo-Linkage's management, evaluated and negotiated the terms of the merger agreement.

AsiaInfo-Linkage will call a meeting of its stockholders for the purpose of voting on the adoption of the merger agreement as soon as practicable. If completed, the acquisition will, under the laws of the State of Delaware, result in AsiaInfo-Linkage becoming a privately held company and AsiaInfo-Linkage's shares of common stock will no longer be listed on the NASDAQ Global Market. The acquisition is subject to other customary conditions, including receipt of required regulatory approvals, in addition to approval by AsiaInfo-Linkage's stockholders.

The buyer consortium, led by CITIC Capital Partners and Edward Tian , co-founder and a significant stockholder of AsiaInfo-Linkage, and their respective affiliates, including CITIC PE and China Broadband Capital Partners II, L.P., will provide equity financing for the acquisition.

Bank of Taiwan, Cathay United Bank, Co., LTD., ICBC International Capital Limited, Maybank Investment Bank Berhad, and Nomura International (Hong Kong) Limited have agreed as mandated lead arrangers to arrange a debt facility in the aggregate amount ofUS$330 million to provide debt financing for the acquisition.

First Quarter 2013 Financial Results

• Total revenues for the first quarter of 2013 were US$143.0 million, an increase of 15.6% year-over-year and a decrease of 13.7% sequentially. Meeting guidance, net revenue (non-GAAP) for the first quarter of 2013 was US$135.7 million, an increase of 12.0% year-over-year and a decrease of 12.5% sequentially.
• Gross margin for the quarter was 34.7%, compared to 39.2% in the year-ago period and 40.9% in the previous quarter. Gross margin of net revenue (non-GAAP)[3] was 40.9% in the first quarter of 2013, compared to 44.8% in the year-ago period and 47.4% in the previous quarter.
• Net income attributable to AsiaInfo-Linkage, Inc. of US$14.1 million, or US$0.19 per basic share, compared to US$6.4 million, or US$0.09 per basic share, in the year-ago period and US$15.6 million, or US$0.21 per basic share, in the previous quarter.
• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$26.6 million or US$0.37 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$19.4 million orUS$0.27 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the previous quarter was US$30.1 million or US$0.41 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) increased 37.3% year-over-year and decreased 11.7% sequentially.

"The first quarter, which is seasonally a slower quarter for AsiaInfo-Linkage, provided an opportunity for us to follow through on the large number of projects that entered the delivery and implementation stages in the fourth quarter of last year," said Steve Zhang, the Company's president and chief executive officer. "The focus of our newest projects for China's three telecommunications carriers continues to be monetization of their robust growth in data traffic, which continues to outpace their data traffic revenue growth. For China Mobile alone, we have signed agreements with nine provincial networks to implement our analytical solutions to study user characteristics in order to optimize the carrier's data traffic management and pricing strategies."

AsiaInfo-Linkage Chief Financial Officer Michael Wu said, "Our revenue and non-GAAP operating margin for the first quarter were in line with our previous guidance. We also recognized a positive impact of approximately 12 cents of net income per basic share mainly as a result of the Key Software Enterprise status and preferential tax treatment retroactively granted for the years 2011 and 2012 to two of our China subsidiaries."

Business Outlook

AsiaInfo-Linkage expects second quarter 2013 net revenue (non-GAAP) to be in the range of US$133.0 million to US$137.0 million. The Company expects second quarter 2013 net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range of US$0.22 to US$0.25.

 

BEIJING and SANTA CLARA, Calif., April 8, 2013 /PRNewswire-FirstCall/ -- AsiaInfo-Linkage, Inc. (ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunications software solutions and related services, today announced that two of the Company's subsidiaries in China, AsiaInfo-Linkage Technologies (China), Inc. ("AIBJ") and Linkage-AsiaInfo Technologies (Nanjing), Inc., ("Linkage Nanjing") have been formally granted Key Software Enterprise ("KSE") status under China's Enterprise Income Tax Law. As a result, both subsidiaries are eligible for a preferential corporate income tax rate of 10% for the years 2011 and 2012.

KSE status is currently granted every two years after formal government review. The Company applied for KSE status on behalf of AIBJ and Linkage Nanjing in October of 2012, when the relevant tax authorities released the application requirements for the years 2011 and 2012. As there had been no guarantee that KSE status would ultimately be granted, the Company previously used a rate of 15% in computing the 2011 and 2012 taxes for both AIBJ and Linkage Nanjing.

Third Quarter 2012 Results

• Total revenues for the third quarter of 2012 were US$132.2 million, an increase of 10.8% year-over-year and an increase of 4.7% sequentially.
• In the third quarter of 2012, net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$17.3 million or US$0.24 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$26.7 million, or US$0.37 per basic share.

"In the third quarter we continued to see healthy demand for our IT solutions from China's three telecommunications carriers," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "Our growth remained steady and in line with our overall expectations over the first nine months of this year."

"In terms of customer-specific developments, we signed all of our remaining NG BOSS 3.5 contracts with China Mobile, and our sales and project teams began work in evaluating the carrier's newly released specifications for NG BOSS 4.0. For China Unicom's six northern provinces convergent software projects, we signed the second phase of the software and license contracts and also signed two provincial contracts for software implementation and maintenance, and expect to sign four more in the near future. Going forward, we anticipate these provinces will follow the usual maintenance and upgrade cycle, including periodic mandatory upgrades as set by the carrier's central headquarters. Our China Telecom business continued to yield steady results and has featured more headquarter-level projects, as opposed to the operational-level and provincial-level focus of our previous work. As a result, we have seen greater opportunities to deploy cloud-based solutions, including one which allows China Mobile to better monitor its data traffic and another that enables the carrier's individual users to access their account histories in a variety of ways. While individual account data retrieval is not a new concept, our low-cost cloud solutions allow for this type of service to be offered to larger numbers of subscribers."

"What all of our projects with China's three carriers have in common is a focus on real-time monitoring of massive amounts of data traffic in order to optimize network performance, identify preferred usage plans, and ultimately enhance the user experience," added Mr. Zhang.

AsiaInfo-Linkage expects fourth quarter 2012 net revenue (non-GAAP) to be in the range of US$152 million to US$156 million. The Company expects fourth quarter 2012 net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range of US$0.40 to US$0.43.

Second Quarter 2012 Results

• Net revenue (non-GAAP) for the second quarter of 2012 was US$124.4 million, an increase of 12.8% year-over-year and an increase of 2.7% sequentially.
• Gross margin for the quarter was 38.5%, compared to 42.2% in the year-ago period and 39.2% in the previous quarter.
• In the second quarter of 2012, net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$18.6 million or US$0.26 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$29.3 million or US$0.40 per basic share.

"Our business continued to grow in the second quarter, despite challenging market conditions, as we strengthened our competitive positioning, and saw healthy demand from China's three telecommunications carriers," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "In the second quarter of 2012, we signed seven additional NG-BOSS 3.5 upgrade contracts with China Mobile, and began work on NG-BOSS 4.0 functional specifications, which we expect will result in additional upgrade and implementation work starting in the second half of this year. We are also in a good position to win additional work related to China Mobile's OSS functional needs."

"We have completed convergent software implementation for four of the six northern provinces in our long-term project with China Unicom and plan to complete implementation for the remaining two provinces in the third quarter of 2012. For China Telecom, we recently won a contract to develop and implement an intelligent cloud management project for Jiangsu Telecom. Additionally, in the cable television market, we have successfully provided BOSS software system implementation to Gehua Cable and have migrated over five million users to this new system and plan to leverage this achievement to gain greater market share."

Mr. Zhang added, "We continue to believe that our future work with China's three carriers will hinge on our strengths in assisting them to gather insights regarding their users and monetize their vast data traffic. In the second quarter of 2012, we won data traffic monetization contracts with three provincial subsidiaries of China Mobile and expect to win additional projects. We anticipate data traffic monetization will drive carrier spending as we couple this work with our core IT solutions and services."

Business Outlook

AsiaInfo-Linkage expects third quarter 2012 net revenue (non-GAAP) to be in the range of US$125.0 million to US$131.0 million. The Company expects third quarter 2012 net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range of US$0.22 to US$0.25.

BEIJING and CAMBRIDGE, United Kingdom, May 14, 2012 /PRNewswire-Asia-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage," the "Company," "we," "us" or "our"), a leading provider of telecommunications software solutions and related services, today announced that the Company plans to open its European headquarters in Cambridge, UK as part of an ongoing initiative to expand its operations across international markets.

AsiaInfo-Linkage has an established leadership position in China with a greater than 50% share of the telecommunications billing, CRM, and business intelligence markets. In 2009, AsiaInfo-Linkage began expanding its core business in Southeast Asia. AsiaInfo-Linkage is now targeting broader geographical expansion in the Europe, Middle East and Africa ("EMEA") market.

The new regional headquarters in Cambridge will be led by two former executives of Geneva Technology, the Cambridge-based billing software company acquired by Convergys Inc. in 2001. Mr. Stephen Newton, formerly chief operating officer of Geneva Technology and president for the EMEA market at Convergys, will set up AsiaInfo-Linkage's Advisory Board and act as its chairman. Comprised of senior industry figures, the Advisory Board will provide expert advice on emerging technology as well as insights into conducting business in diverse global markets. Meanwhile, Dr. Andy Tiller, formerly vice president in charge of product marketing at Geneva Technology and Convergys, has joined AsiaInfo-Linkage as vice president in charge of corporate product marketing. He will lead an international team to promote AsiaInfo-Linkage's global solutions.

"The opening of our new European headquarters is another major step in our international expansion efforts," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "Our focus over the past few quarters has been to ramp up our product standardization and integration initiatives as we position ourselves to grow globally. We believe we can leverage our technical knowledge and experience in serving China's three telecom carriers, as well as our experience serving carriers in Southeast Asia, to provide the EMEA market with world-class products and services."

Mr. Zhang continued, "We are confident that the accomplished leadership of our new European headquarters has the capacity to grow our business and enhance our industry position in the region. Both Stephen and Andy bring a wealth of industry knowledge and proven track records, having successfully grown Geneva Technology's business, which culminated in its sale to Convergys. Our vision is to become a worldwide market leader, and the opening of our first European office is representative of our global ambitions."

The Company plans to hire locally-based sales, professional services, and customer support staff for the EMEA region through 2012.

First Quarter 2012 Results

• Total revenues for the first quarter of 2012 were US$123.7 million, an increase of 8.1% year-over-year and a decrease of 5.6% sequentially.
• In the first quarter of 2012, net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$19.4 million or US$0.27 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$32.7 million or US$0.44 per basic share.

"This year we will continue to ramp up our product standardization and integration initiatives as we strengthen our competitive advantage," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "For our three main telecommunications customers, we continue to experience healthy demand for our traditional IT solutions and services. In the first quarter of 2012, we signed additional NG-BOSS 3.5 upgrade contracts with China Mobile as we continue to ramp up our latest upgrade. For China Unicom, we completed implementation for two of the six northern provinces and are working to complete software implementation for the remaining four provinces. This is a rather large task. For example, in Shandong province alone, we plan to migrate over 40 million users to our latest system and have allocated a large team of implementation engineers to focus specifically on the delivery of this project."

Mr. Zhang continued, "We believe the primary future growth areas for our work with the carriers will be acquiring unique insights on the carrier's customers and monetizing data traffic. In the first quarter of 2012, we signed an agreement with Shanghai Mobile adding features and functionalities to collect and analyze mobile network usage data that will provide useful customer insight to help the carrier develop effective marketing and pricing strategies. The technological advancements in broadband and network infrastructure, coupled with the proliferation of smart phones and similar devices, will continue to drive our business as carriers increase spending on the type of IT analytical solutions and services that our business can provide."

Business Outlook

AsiaInfo-Linkage expects second quarter 2012 net revenue (non-GAAP) to be in the range of US$123.0 million to US$125.0 million. The Company expects second quarter 2012 net income attributable to AsiaInfo-Linkage per basic share (non-GAAP) to be in the range of US$0.26 to US$0.29.

BEIJING and SANTA CLARA, Calif., March 26, 2012 /PRNewswire-Asia-FirstCall/ -- AsiaInfo-Linkage, Inc. (Nasdaq: ASIA) ("AsiaInfo-Linkage" or the "Company"), a leading provider of telecommunications software solutions and related services, today announced that the Special Committee of its Board of Directors (the "Special Committee"), which was formed to consider a proposal by Power Joy (Cayman) Limited, a wholly owned subsidiary of CITIC Capital China Partners II, L.P., to acquire all of the outstanding shares of common stock of AsiaInfo-Linkage, has determined to solicit interest from, and engage in discussions with, other potential qualified interested parties regarding a potential transaction involving the Company, and to evaluate any proposals it receives. The Company cautions its shareholders, and others considering trading in its securities, that there can be no assurance that any definitive offer will be made, that any agreement will be executed or that any transaction will be approved or consummated by the Company.

Fourth Quarter 2011 Results

• Total revenues for the fourth quarter of 2011 were US$131.1 million, an increase of 14.6% year over year
• In the fourth quarter of 2011, net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP)(4)was US$22.0 million or US$0.30 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$28.4 million or US$0.38 per basic share

"We are ramping up our product standardization and integration initiatives, a multi-year strategy that will improve our competitive advantage as we leverage our core businesses and enter new markets," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "In the fourth quarter we announced the first contract signing of our NG-BOSS 3.5 solution upgrade for Shanghai Mobile and will continue to sign contracts and roll out this solution throughout 2012. We also recently announced our agreement with Nepal Telecom to provide a convergent billing solution, which is another regional win for our growing international business."

Mr. Zhang continued, "This year, China's telecom carriers will continue to invest heavily in traditional customer management services like billing, CRM and business intelligence, while also seeking to enhance their application platform and network infrastructure. These target areas require sophisticated IT systems as the carriers look to differentiate themselves, gain loyal subscribers and monetize their data traffic. We believe AsiaInfo-Linkage is positioned favorably to capitalize on the carriers' IT needs and to deliver solutions that enhance the carriers' customer analysis and operational efficiency. We anticipate contract wins related to these growth areas in 2012. At the same time, we will continue to invest in overseas expansion and in our cable business."

AsiaInfo-Linkage Chief Financial Officer Michael Wu added, "We delivered on our guidance in the fourth quarter as demand from our core telecommunications customers remained healthy. We also achieved strong operating cash flow and saw accounts receivable decline steadily even as we increased revenue. We believe this reflects our effort to manage our accounts receivables balance and improve cash collection. Moreover, we have a healthy cash position and experienced a sequential decrease in our DSO."

Business Outlook

AsiaInfo-Linkage expects first quarter 2012 net revenue (non-GAAP) to be in the range of US$119.0 million to US$121.0 million. The Company expects first quarter 2012 net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.25 to US$0.27.

In light of the ongoing work being performed by the Special Committee, the Company will not at this time provide earnings guidance regarding the outlook for full year 2012.

HONG KONG--(BUSINESS WIRE)--Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced unaudited Rolling Chip Turnover (as defined below) for the month of January 2012 at the company’s three VIP rooms in Macau was US$1.707 billion, up 24% year-over-year, compared to US$1.374 billion for the month of January 2011. This compares with a year-over-year increase in gross gaming revenue for Macau of 35% for January 2012.

The growth in Rolling Chip Turnover was attributable to organic growth, increasing cage capital from the increased line of credit and the May 2011 opening of a VIP room at the new Galaxy Macau™ in Cotai.

“We performed strongly during the last eight days of January, which encompassed the Chinese New Year period,” said AERL Chairman Lam. “Our Rolling Chip Turnover during those last eight days was US$823 million – an average of over US$100 million per day – which is a 24% increase compared to the same days in last year’s Chinese New Year period, which occurred in February. While we outperformed last year’s results, our Rolling Chip Turnover for January 2012 was negatively impacted by a higher than normal 3.99% win rate during the period before the Chinese New Year (average normal win rate is 2.85-3.00%), which effectively reduced Rolling Chip Turnover. Despite the high January win rate, play volumes continue to be strong in our VIP rooms and we expect 2012 to be another year of significant growth for Macau and AERL.”

Third Quarter 2011

• Total revenues for the third quarter of 2011 were US$119.3 million, an increase of 8.0% year-over-year and 2.7% sequentially
• In the third quarter of 2011, net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$26.7 million or US$0.37 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$29.6 million or US$0.40 per basic share.

"Year to date, we are witnessing strong double digit growth in sales order bookings from our three main telecommunications customers," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "Carriers will continue to spend on 3G and Internet-related solutions to expand bandwidth and enhance customer data analysis, which in turn will drive demand for our business. In the third quarter we completed a CRM system migration for China Mobile's Zhejiang subsidiary, successfully migrating approximately 52 million subscribers from their old CRM system to our state-of-the art system. Our latest CRM system gives customers the ability to roll out new features and applications much more quickly than before, which will shift spending away from hardware and increasingly into software."

Mr. Zhang added, "The fourth quarter has traditionally been our strongest quarter of the year and we expect this seasonality to continue. As we take a longer-term outlook, we have increased spending in new products like enhanced CRM systems, as well as in new markets and customers, for instance our projects in Southeast Asia, as we reinvest in strategic areas of our business to drive long-term, sustainable growth."

Business Outlook

AsiaInfo-Linkage expects fourth quarter 2011 net revenue (non-GAAP) to be in the range of US$127.0 million to US$131.0 million. The Company expects fourth quarter 2011 net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.30 to US$0.33.

BEIJING and SANTA CLARA, Calif., Aug. 4, 2011 /PRNewswire-Asia-FirstCall/ -- AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) ("AsiaInfo-Linkage," the "Company," "we," "us" or "our"), a leading provider of telecommunication software solutions and services in China, today announced financial results for the quarter ended June 30, 2011.

"After a year following the close of the merger with Linkage, we are pleased to announce that the integration has been successfully completed," said AsiaInfo-Linkage Co-Chairman James Ding. "As of today, we achieved the goals set forth by the board of directors. With the dedicated effort from the integration committee and the entire management team, the Company has fully integrated customer facing sales and service organizations, human resource policies, and product and solution platforms. Moreover, the Company now operates on an integrated IT system and has standardized project management, accounting and financial reporting. As the task that it set out to perform has now been completed, the board of directors and management team has dissolved the integration committee."

AsiaInfo-Linkage's Executive Co-Chairman Libin Sun added, "Our stable financial performance throughout the past four quarters reflects the success of our integration efforts. With the completion of the integration process the Company will continue offering a comprehensive end-to-end telecom software solution and also focus on building new growth drivers and capitalizing on business opportunities that develop in the market."

"We are confident in the long term growth of the Company as the successful completion of integration serves to unlock AsiaInfo-Linkage's potential," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "We are pleased with the steady stream of sales contracts in the second quarter of 2011 as our demand pipeline continues to grow. Competition only continues to intensify between China's telecom carriers as they increase investment in Internet-related services like e-channel and WIFI network solutions. Carriers' needs and requirements are increasingly more sophisticated as they look to differentiate themselves and retain loyal long-term customers, and this plays well to our Company's strengths. In the second quarter, we continued signing contracts with our customers, such as NG BOSS 3.0 upgrades with China Mobile, BSS software development contracts with China Unicom's six Northern provinces, billing and CRM upgrades with China Telecom, as well as a business operation support systems contract with Gehua Cable in Beijing. On the international front, we have witnessed steady progress in developing and delivering our CRM and BI solutions to U-Mobile in Malaysia as we continue to look for additional opportunities to build our brand abroad."

Mr. Zhang continued, "Our focus remains on increasing share of wallet with our existing telecommunications customers. We are confident in our ability to secure additional sales contracts in the second half of 2011 as we position ourselves favorably to grow and deliver long-term shareholder return."

Second Quarter 2011 Financial Results

Total revenues for the second quarter of 2011 were US$116.2 million, an increase of 95.9% year-over-year and 1.5% sequentially. Meeting guidance, net revenue (non-GAAP) for the second quarter of 2011 was US$110.3 million, an increase of 89.8% year-over-year and 1.6% sequentially. The year-over-year increase was mainly due to the merger with Linkage and the sequential increase was the result of the steady demand for the Company's services and solutions from China's telecom carriers.

On a GAAP basis, in the second quarter of 2011, the Company recorded net income attributable to AsiaInfo-Linkage, Inc. of US$32.9 million, or US$0.45 per basic share, compared to US$13.9 million, or US$0.29 per basic share, in the year-ago period and US$17.8 million, or US$0.24 per basic share, in the previous quarter. The tax rate adjustment for LKNJ increased the Company's earnings per basic share by US$0.25.

Business Outlook

AsiaInfo-Linkage expects third quarter 2011 net revenue (non-GAAP) to be in the range of US$115 million to US$119 million. The Company expects third quarter 2011 net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.34 to US$0.37

First Quarter Results:

• Total revenues for the first quarter of 2011 were US$114.5 million, an increase of 93.2% year-over-year and 0.1% sequentially. Meeting guidance, net revenue (non-GAAP)for the first quarter of 2011 was US$108.6 million, an increase of 88.3% year-over-year and a decrease of 0.9% sequentially.

• In the first quarter of 2011, net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$32.7 million or US$0.44 per basic share, which includes a US$0.05 impact that was mainly attributable to the "Key Software Enterprise" tax credit. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$16.2 million or US$0.34 per basic share

AsiaInfo-Linkage expects second quarter 2011

• net revenue (non-GAAP) to be in the range of US$108.0 million to US$112.0 million.
• net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.39 to US$0.41.

"We continue to be a dominant player in China's telecommunications market," said AsiaInfo-Linkage President and Chief Executive Officer Steve Zhang. "Competition continues to intensify between China's three telecom carriers, driving demand for our best-of-class IT solutions. This quarter, we signed and rolled out several upgrade contracts for our core telecom business customers and capitalized on a number of cross-selling opportunities. In addition to annual upgrades, we also announced another international contract win with a Malaysian operator and signed a significant triple-play network convergence contract with Jiangsu Cable, an operator with approximately 20 million subscribers. In 2011, we are confident we will continue to grow faster than the average market growth for China's IT telecommunications spending and deliver long-term shareholder value."

We anticipate that our available funds and cash flows provided by operations will be sufficient to meet our anticipated needs for working capital, capital expenditures and business expansion through 2011. We may need to raise additional funds in the future, however, in order to fund acquisitions, develop new or enhanced services or products, respond to competitive pressures to compete successfully for larger projects involving higher levels of hardware purchases, or if our business otherwise grows more rapidly than we currently predict. We anticipate that we would raise additional funds, if necessary, through new issuances of equity or debt securities, or through credit facilities extended by lending institutions.

BEIJING and SANTA CLARA, Calif., Jan. 30, 2011 /PRNewswire-Asia-FirstCall/ -- AsiaInfo-Linkage, Inc. today announced that its Board of Directors has authorized a new stock repurchase program, under which AsiaInfo-Linkage may repurchase up to US$60.0 million in aggregate value of the outstanding common stock of the Company.  

Under the program, the Company may, from time to time for a period of twelve months, depending on market conditions, share price and other factors, make one or more purchases, on the open market or in privately negotiated transactions, of up toUS$60.0 million in aggregate value of the Company's outstanding common stock. Such purchases under the program will be made in accordance with applicable law and subject to any required regulatory approvals.  Any common stock repurchased by AsiaInfo-Linkage will become part of its treasury stock and may be used by AsiaInfo-Linkage to finance or execute acquisitions, equity incentive plans, or other arrangements.

Fourth Quarter 2010 Financial Results

• Total revenues for the fourth quarter of 2010 were US$114.4 million, an increase of 86.4% year-over-year and 3.5% sequentially.
• Meeting guidance, net revenue (non-GAAP)(1) for the fourth quarter of 2010 was US$109.6 million, an increase of 89.6% year-over-year and 5.5% sequentially. The year-over-year increase was mainly due to the merger with Linkage.
• Gross margin for the fourth quarter of 2010 was 45.3%, compared to 55.1% in the year-ago period and 42.8% in the previous quarter.
• Gross margin of net revenue (non-GAAP)(2), was 51.8% in the fourth quarter of 2010, compared to 58.5% in the year-ago period and 50.2% in the previous quarter. The decrease in gross margin (non-GAAP) year-over-year was largely due to the Linkage merger, as the Company deployed additional R&D employees into client services driving up cost of revenues. The sequential improvement to the gross margin of net revenue (non-GAAP) was primarily due to the seasonality of our business.

• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP)(4) was US$28.4 million in the fourth quarter of 2010 or US$0.38 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$18.4 million or US$0.38 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the previous quarter was US$29.6 million or US$0.40 per basic share.

Full Year 2010 Financial Results

AsiaInfo-Linkage's full year revenues, gross margin and operating margin do not include the IT security business, which has been reclassified to discontinued operations.

• Full year 2010 total revenues increased 60.6% year-over-year to US$343.4 million. Net revenue (non-GAAP) for full year 2010 increased 63.4% year-over-year to US$329.3 million. Our revenues for full year 2010 include six months of consolidated operating results after the close of our merger with Linkage.
• Full year 2010 revenues are not comparable to previous years.

• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) for full year 2010 was US$91.0 million, or US$1.49 per basic share. Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) for full year 2009 was US$49.8 million or US$1.10 per basic share.

Business Outlook

• AsiaInfo-Linkage expects first quarter 2011 net revenue (non-GAAP) to be in the range of US$108.0 million to US$112.0 million. The Company expects first quarter 2011 net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.37 to US$0.39.

We anticipate that our available funds and cash flows generated from operations will be sufficient to meet our anticipated needs for working capital, capital expenditures and business expansion through 2010. We may need to raise additional funds in the future, however, in order to fund acquisitions, develop new or enhanced services or products, respond to competitive pressures to compete successfully for larger projects involving higher levels of hardware purchases, or if our business otherwise grows more rapidly than we currently predict. We anticipate that we would raise additional funds, if necessary, through new issuances of shares of our equity securities in one or more public offerings or private placements, or through credit facilities extended by lending institutions.

Third quarter of 2010

• Revenues US$121.7 million, an increase of 91.5% year-over-year and 82.0% sequentially.

• Meeting guidance, net revenue (non-GAAP) for the third quarter of 2010 was US$112.8 million, an increase of 85.3% year-over-year and 72% sequentially.

Our revenues for the third quarter of 2010 are not comparable to those of prior periods due to the merger with Linkage and we are not able to separately present the portion of revenues in this quarter contributed by AsiaInfo’s historical business and Linkage’s historical business as a result of our full integration strategy.

• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) was US$29.6 million in the third quarter of 2010 or US$0.40 per basic share.

• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) during the previous year was US$13 million or US$0.29 per basic share.

• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the previous quarter was US$16.7 million or US$0.35 per basic share.

“We delivered solid results in our first quarter of consolidated reporting,” said AsiaInfo-Linkage’s President and Chief Executive Officer Steve Zhang. “Full integration with Linkage is progressing according to plan and helping us to achieve new synergies and realize cross-selling opportunities. At the same time, we remain focused on providing high-quality solutions and services to China’s telecom carriers, highlighted by a recent contract win to develop convergent billing for Beijing Mobile. On the international expansion front, this quarter we announced our entrance into the Southeast Asian market with a deal to provide a business intelligence system for the Cambodian telecom carrier, Mfone. This is a positive stride forward as we work with a long-term vision of gaining market share abroad. We are also optimistic about continued market share gains in new verticals such as the domestic cable software solutions market with two new billing and customer relationship management system contracts.”

Business Outlook

AsiaInfo-Linkage expects fourth quarter 2010

• Net revenue (non-GAAP) to be in the range of US$119 million to US$123 million. 

• Net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.40 to US$0.43.

AsiaInfo-Linkage's Chief Executive Officer, Steve Zhang, commented, "We are pleased with our strong financial results this quarter, achieving a record high operating margin and year-over-year non-GAAP EPS growth of 35 percent. In the second quarter, we worked to close our merger with Linkage, which was successfully completed on July 1st. We have already witnessed positive momentum resulting from our merger. Specifically, we recently won new market share in our China Telecom account in Yunnan and Guizhou provinces and successfully started to cross-sell Internet data center operation management products for Jiangsu Mobile. Overall, the integration process has moved along rather smoothly and we are starting to realize the synergies. Besides our core revenue drivers, we are pleased that our cable BSS business has started to contribute more meaningful revenue as our overseas business development team explores opportunities to grow in Southeast Asia."

• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP)(4) was US$16.7 million in the second quarter of 2010, or $0.35 per basic share.
• Net income attributable to AsiaInfo-Linkage, Inc. (non-GAAP) in the year-ago period was US$11.4 million, or $0.26 per basic share

Starting in the third quarter of 2010, AsiaInfo-Linkage will consolidate Linkage's operating results and financial position.

The Company noted that its third quarter 2010 net revenue (non-GAAP) guidance accounts for temporary project delays in its China Unicom and China Telecom accounts.

AsiaInfo-Linkage expects third quarter 2010 net revenue (non-GAAP) to be in the range of US$109 million to US$114 million. AsiaInfo-Linkage expects third quarter 2010 net income attributable to AsiaInfo-Linkage, Inc. per basic share (non-GAAP) to be in the range of US$0.34 to US$0.37.

Source: PR Newswire (July 28, 2010)

"This past quarter marks another period of strong growth in which we met net revenue and exceeded EPS guidance. Mr. Zhang concluded, Looking forward, we are confident we will finish 2009 on a strong note and see abundant opportunities across all three of China's telecom operators in the coming year. In addition, our focus on delivering robust organic growth while remaining disciplined in our overseas expansion strategy will help us to deliver long-term sustainable growth."

4th Quarter 2009 Guidance Ending December ^a

	4th Quarter 2009 Guidance	4th Quarter 2008 Reported	Period Change
Non GAAP Revenue b	$70.0 to $72.0 million	$51.1 million	37.0% to 40.9%
Non-GAAP EPS b	$0.28 to $0.29	$0.20	40.0% to 45.0%

Source: PR Newswire (October 28, 2009)

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

'We delivered robust growth during the quarter and exceeded both top- and bottom-line guidance,' said Steve Zhang, AsiaInfo's president and chief executive officer. 'Our comprehensive offerings, from system implementation and maintenance services to high-value consulting, continues to benefit from increasing expenditure on telecom software, as operators build out and further optimize IT infrastructure and integrate fixed-line, broadband and mobile businesses to provide bundled service offerings.'

3rd Quarter 2009 Guidance Ending September ^a

	3rd  Quarter 2009 Guidance	3rd Quarter 2008 Reported	Period Change
Non GAAP Revenue b	$60.0 to $61.0 million	$42.7 million	40% to 42%
Non-GAAP EPS b	$0.17 to $0.18	$0.13	30% to 38%

Source: See Release, July 29, 2009

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

“I’m pleased to report another quarter of solid growth that exceeded top-line and met bottom-line guidance,” said Mr. Steve Zhang, AsiaInfo’s president and chief executive officer. “During the quarter, we posted important market share gains in our China Unicom account with new BSS contracts in Shanghai and Hainan and in our China Telecom account with a BSS tender win in Jilin province, once again demonstrating the competitiveness of our software solutions. As we move beyond industry restructuring in the quarters and years to come, we are seeing more opportunities as carriers shift focus from building out their networks to leveraging IT software and services that will enable them to attract, retain and monetize subscribers in an increasingly competitive environment.” 

2nd Quarter 2009 Guidance Ending June ^a

	2nd Quarter 2009 Guidance	2nd Quarter 2008 Reported	Period Change
Non GAAP Revenue b	$52 to $53 million	$34.4 million	51% to 54%
Non-GAAP EPS b	$0.14 to $0.15	$0.12	17% to 25%

Source: See Release, April 22, 2009

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

^b Non-GAAP figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam® non-GAAP figures may, from time to time, differ from company supplied figures.

Financial Table Update:

	2008 Reported	2007 Reported	Period Change	*PEG Ratio
GAAP Revenue	$175.5 million	$132.8 million	32.2%	NA
GAAP EPS	$0.42	$0.54	-22.22%	NA
Non-GAAP Revenue	$158.8 million	$114.7 million	38.5%	NA
Non-GAAP EPS	$0.66	$0.46	43.48%	.40

• ASIA does not pay a full United States tax rate. The company also had a higher tax rate in 2008 compared to 2007.
• The GeoTeam® prefers to use Non-GAAP Figures, which exclude non-operating/non-recurring items, when considering valuation metrics such as PEG Ratios.

 Financial Table Update (using non-gapp figures) Adjusted for a Standard Tax Rate:

	2008 Reported	2007 Reported	Period Change	*PEG Ratio
Revenue	$158.8 million	$114.7 million	38.5%	NA
EPS	$0.55	$0.34	61.76%	.30

 *Based on closing price on February 11, 2009.

Guidance Report:

Fourth Quarter 2008 Guidance Ending December

2008 Revenue Guidance	2007 Revenue	Period Change in Revenue	2008 EPS Guidance	2007 EPS	Period Change in EPS
$48  to $51 million	$40.8 million	17.65% to 25%	$0.18 to US$0.19	$0.18	0% to 5.56%

All Figures exclude non-operating Items (Non-GAAP).

'In spite of the global economic slowdown, AsiaInfo's telecom software solutions business continues to grow at a healthy rate. China's telecom carriers are in the midst of a government-mandated restructuring, and we are confident that spending on IT infrastructure will proceed as planned. Looking forward into 2009, we expect to see continued strong demand for our best-of- class software solutions, which help operators upgrade existing IT infrastructure, integrate data from existing and newly acquired businesses and monitor real-time consumer behavior data in order to roll-out innovative marketing campaigns.'

Source: PR Newswire (January 9, 2009)