We develop wire and wireless multimedia over IP-based terminal systems and solutions, and our terminal products include WiFi IP phone and network IP cameras, and we are also involved in online video conferences.

The world of telecommunications is shifting from telephony to IP telephony. In light of this trend, our WiFi IP phone and network IP camera are products that reflect the development of technology and changes in the VoIP and DVR markets. They are likely to solidify their positions in their respective markets. The performance of the Bluetooth cordless IP phone (VOB) was successfully certified by the largest VoIP market in the world, Japan, and with the signing of a contract, it is expected to be exported in large volumes in 2005. In addition, the response to the uVCam (network IP camera) has been extremely positive in the largest DVR market, the US, which is helpful for our 2005 product marketing. The WiFi phone, developed with the creation of the wireless LAN environment, and the cordless IP video phone provide a foothold for adjusting to the rapidly changing market environment, and accelerate our introduction to the US market.

At present, considering the marketing situation and the pace of development, we picture ourselves growing into a firm that will successfully adapt itself to rapid shifts in the VoIP and DVR markets.