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IRI-Com Partners with CPCNet
to Offer International IP VPN services


Hong Kong, 16 November, 2004 -- Japan's leading broadband exchange operator, IRI Communications, Inc. (IRI-Com), announced today a strategic alliance with CPCNet Hong Kong Limited (CPCNet), a wholly owned subsidiary of CITIC Pacific Company (SEHK: 267) and Hong Kong's new generation carrier, to offer international IP VPN services.

Under the agreement, both companies will provide high quality and cost effective end-to-end IP VPN network service between Japan and China, including Hong Kong, to corporate customers in both markets. Under the agreement, BEX will be able to quickly respond to the needs for intranet and extranet connectivity among Japanese corporations expanding into China.

IRI-Com and CPCNet believe that the international IP VPN link between Japan and China will play a key role in supporting Asia Pacific's broadband backbone. Both companies have committed to supporting the development of the region's communication infrastructure by continuously upgrading their networks and enhancing their service offerings to meet the evolving needs of enterprise customers.

With China gradually opening its market to foreign investments since its ascension to the World Trade Organization in 2001, many Japanese and European corporations have started building presence in the market. Multinational corporations, especially those involved in manufacturing, are setting up branches in China to maximize operational efficiency. These companies require a service provider that can offer seamless local and international connectivity, thereby creating strong demand for cost-effective, reliable and high quality exclusive network between Japan and China.

Leveraging MPLS (Multi Protocol Label Switching) and IPSec technology, the new international IP VPN service will offer scalable high-quality, high-speed solution to enterprises, using end-to-end IP data network integrating the FLET'S access line of NTT West and NTT East, IRI-Com's broadband exchange backbone network as well as CPCNet's IP VPN network. This interconnection will enable customers to easily create a VPN environment and dramatically improve communication efficiency between their local and overseas offices.

Unlike existing International Private Leased Line Connectivity (IPLC) and frame/cell relay services, the IP VPN service offered by IRI-Com and CPCNet provides cost-effective and simultaneous connectivity to multiple locations without the need to create a separate international link for each office in Japan. Customers can easily add more offices in the VPN network depending on their business requirements.

IRI-Com's BroadEXchange Service; BEX is a Layer 3 Internet Exchange (IX) service directly connecting cable, ADSL and Fiber-to- the-Home (FTTH) providers and content distributors such as Application Service Providers (ASPs) and Internet Data Centers (iDCs) through a wide 1Gbps or 100Mbps connection. More than 60 broadband network providers around the region have already enjoyed the service. Since July 2003, BEX has been offering BEX IP VPN service to corporations, delivering highly stable connection between locations for a variety of businesses, using high-bandwidth connectivity capable of handling both data and bursty voice and video traffic.

CPCNet's TrueCONNECT™ is a managed IP VPN service with the most advanced MPLS that connects major cities in the region. Leveraging on MPLS-based architecture, which enables the implementation of Class-of-Services (CoS) and with 16 managed POPs across Greater China and Asia, CPCNet offers complete, high quality, cost effective, fully managed, secure and reliable network solutions to corporate customers in the region.


About CPCNet Hong Kong Limited (www.CPCNet.com)
CPCNet Hong Kong Limited, a wholly owned subsidiary of CITIC Pacific (SEHK:267), is a new generation carrier headquartered in Hong Kong, connecting the world to over forty other cities in Asia. The carrier of choice for corporate customers in the Asian region and around the world requiring seamless connection to China and Asia, CPCNet is set apart for its breadth of knowledge of and connections in the mainland market. CPCNet has been awarded the ISO 9001:2000 Certification issued by DNV under the United Kingdom Accreditation Service (UKAS). The certification further recognised the company's commitment to the implementation of quality management principles in its delivery of telecommunication services.

By owning and managing the transparent fully meshed backbone network, CPCNet is able to independently offer TrueCONNECT™, the advanced MPLS-based IP VPN service, and a whole range of communications products and services including GlobalCONNECT, global data services; AlwaysCONNECT, high availability mission critical connection solutions and the Secure-In-One, multiple function managed security service; along with an array of other IP-related applications and services.


About IRI Communications (IRI-Com) (http://www.iri-com.co.jp)
IRI-Com's BEX service is a Layer 3 IX; Internet eXchange service, which directly connects broadband access providers such as CATV, ADSL and FTTH with the networks of content distributors such as CSP, ASP and iDC, through a wide range of bandwidths. It has laid optical cable between iDC and Career Buildings in Tokyo and distribution-type IX, which makes multiple locations function as IX. Recently, increasing numbers of CSP and ASP providers such as online game providers and online storage providers have taken up this service.


Media Contact:

IRI Communications, Inc.
BBX Division
Phone: +03-3538-8025
Fax: +03-3538-8613
Email: press@bbx.jp
URL: www.iri-com.co.jp

CPCNet Hong Kong Limited
Marketing Communications Department
Ms Priscilla Wat
Phone: (852) 2170 7536
Fax: (852) 2795 1262
Email: mediaenquiry@CPCNet.com
URL: www.CPCNet.com


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