Mafia Stock Mobsta's Social Club (Bulls Board) Message Board

To: xcentral1 who wrote (5852)	8/31/2007 12:43:59 PM
From: Tadsamillionaire	Read Replies (3) of 6687

CNCN CinTel to buy stake in plasma, LCD display manufacturer Business First of Louisville - 5:19 PM EDT Thursday, August 30, 2007 CinTel Corp. has agreed to purchase a 50 percent interest in Phoenix Digital Tech Co. Ltd., a manufacturer of plasma and liquid crystal display panels. The purchase price is $34.7 million, according to a news release. The remaining 50 percent will continue to be owned by Bokwang Group, a Korean conglomerate with more than 30 subsidiaries in the high-tech, leisure, finance, retail, logistics and culture businesses. Phoenix Digital's sales in 2006 were about $59.2 million and net income was about $3.1 million, the release said. Louisville-based CinTel (OTCBB: CNCN.OB), which operates primarily in South Korea, Japan and other Asian nations, provides Internet and network traffic management services.