Changrime Telecomm Co., Ltd.

ChangRime Telecom is a Korean telecommunication venture cooperation, established by a group of experienced telecom engineers in the end of 1998. During the last two years, ChangRime has made a great deal of progress not only quantitatively, but also qualitatively. In the beginning, it started with only ten engineers including the executives; however the total number of employee became over 40 in the end of year 2000. In the financial aspects, ChangRime made only 4 million US dollars of the total sales account in 1999, but the company is currently expecting to earn approximately 14 million dollars in 2000 alone, and it is also anticipating 27, 36, and 45 millions in the year 2001, 2002, and 2003 Respectively.

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r with this rapid external growth, ChangRime Telecom is now putting a huge effort on R&D area. The company is currently developing various new telecommunication technologies and products: DDNS (Dynamic Domain Name Service), Wireless Remote Alarm System, Laser Mouse Pointer and many more. We strongly believe these efforts will be the foundation to survive in the rapidly changing telecommunication world.

The year 2000 has been the most important and meaningful year until now in the ChangRime Tele
com's short history. The corporation has been appointed as an Approved telecommunication Venture Group, and registered as an Approved System Integrator / Software developer in the year. We believe ChangRime Telecom will continue to grow internally and externally in the future. And ChangRime is willing to exert Itself to the utmost to provide maximum satisfaction to customers, and the maximum profit to Investors in the new millennium as well.