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Non-Tech : MAR: Marriott Int'l Inc. (NEW)
MAR 156.99+0.2%Jan 21 4:00 PM EST

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From: Dr. Microcap8/21/2001 2:15:51 PM
   of 1
 
Quintalinux Lands Multi-Million Dollar Project
HONG KONG--(BUSINESS WIRE)--Aug. 21, 2001--Quintalinux Ltd. (Nasdaq: QLNX - news) Tuesday announced its wholly-owned subsidiary, IB Solutions Ltd. (IBSL) has been selected by the Beijing Hehua Real Estate Development Co. Ltd. as the consultant for the intelligent component/element of a major new five-star hotel, office, and apartment complex situated in the heart of Beijing.

The complex, consisting of a 14-story hotel with 450 rooms, a 19-story intelligent office tower, and a 19-story service apartment complex, is estimated to cost approximately US$172 million and is scheduled for December 2002 completion.

As a result, Quintalinux expects to capture (about US$18-34 million) (10-20 percent of the total project cost) worth of contracts. The hotel will become a part of a yet to be announced major world-class hotel chain, and the hotel and service apartments will be managed by a renowned international hotel management group.

The complex will be in a prime location along Jianguomen Nanda Jie, one of Beijing's main thoroughfares, near other international hotels, the Beijing Railroad Station, and the famous China Customs Building. The hotel and apartments will face a lovely scenic garden, enhancing the attractiveness and prestige of the property.

With relevant experience in both Hong Kong and PRC markets, IB Solutions Ltd., the current leading total solutions provider of Intelligent Building designs, leverages on the expertise from each of the seven sister companies under the Quintalinux group. Each company within the group specializes in its own area of building design and construction technology.

Such specialization includes feasibility studies, design specifications, infrastructure planning, facility planning, systems selection and integration, cost management, project management and quality control.

Mr. Chu, chairman of Quintalinux, spoke about the rapid growth of the Intelligent Building industry in Asia.

``As the use of technology has become more and more of a necessity in the current business world and the daily lives of the general public, we believe the demand for high quality `Intelligent' buildings will increase worldwide, including Asia.

``Quintalinux has assumed a prominent role in providing one-stop-solutions to investors and contractors by offering traditional architectural know-how, interior design expertise, state-of-the-art environmental control and technology systems, including Linux-based systems, all of which are specialties of our firm.

``We offer full service in concept design, combined with the latest materials, systems and technologies, all in one location, and under one management. We are confident that this one-stop approach to Intelligent Building design, together with tremendous untapped market potential, will contribute exceptional business opportunity and financial performance to the Quintalinux group.''

About Quintalinux

Quintalinux is an Intelligent Building solution provider that provides one-stop solutions including commercial and interior system design, software applications, system integration and application development for Linux operating systems.

Disclaimer

Some statements in this news release may constitute ``forward-looking statements'' within the meaning of the ``safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or performance of the company to differ materially from future results or performance expressed or implied by those forward-looking statements.

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Contact:

Quintalinux Ltd.
David Lee, 011 852 2904 0303
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