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Title: COMPRESSION & ENCRYPTION TECHNOLOGIES INC - Asian Flu and Y2K Bugs Beaten! Summary: Market News Publishing via COMTEX) -- Improving economic conditions in the Asia - Pacific market place, and the resolution of Y2K bug issues resulting in an increase in market development activity in the Asia-Pacific market sector for Compression & Encryption Technologies Inc. (CYH).

Source: Market News Publishing

Subject(s): Asia; Bank; Budget; China; Commodity; Corporate; Emergency; Expansion; Family; GDP; Hardware; Indonesia; Internet; Korea; Malaysia; Market; Mnp; Networking; News; Newsgrid; Philippines; Products; Publishing; Rates; Taiwan; Technology; Telecommunications; Thailand; USA; Web; World Bank; World Wide Web COMPRESSION & ENCRYPTION TECHNOLOGIES INC - Asian Flu and Y2K Bugs Beaten!

Story Filed: Tuesday, February 08, 2000 10:49 AM EST

Vancouver, BC, Feb. 08, 2000 (Market News Publishing via COMTEX) -- Improving economic conditions in the Asia - Pacific market place, and the resolution of Y2K bug issues resulting in an increase in market development activity in the Asia-Pacific market sector for Compression & Encryption Technologies Inc. (CYH).

The Asian Crisis, as well as Y2K readiness preparations left many data networking professionals with little time or budget available for network and bandwidth expansion. The major focus of Y2K preparations has been to identify problem areas, reconfigure or replace obsolete equipment, and develop emergency operation plans in the event of major network failures. The company advises that there has been no reported Y2K operational issues associated with the CYH products in use.

The World Bank in "Global Economic Prospects and Developing Countries" suggests GDP growth rates in the order of 4.2% to 6.2% for the next three years. This is a dramatic change from the 7.6% reduction in GDP for Indonesia, Malaysia, Philippines, Korea and Thailand in 1998 during the worst of the financial crisis. Economic confidence and growth is expected to dramatically increase the demand for bandwidth, a fundamental commodity of the Information Age. With telecommunications cost remaining high in the sector and improving economic conditions, application for bandwidth optimization hardware is expected to grow in the region.

Renewed interest from the Asia-Pacific market in CYH products and technology is exemplified by daily inquires and activities in countries in the region. Market development activity includes product awareness and demonstration as well as relationship building with data networking end users, solutions providers and data service providers. The company has signed distribution agreements in Taiwan, is currently conducting product evaluations in Korea and has sold units to China. CYH is gearing up to support the market growth through it's regional partners.

Compression & Encryption Technologies Inc. provides a family of data link optimization products that deliver, on average, four times the throughput normally available on existing data links. Compression trades on the Canadian Venture Exchange (CDNX) under the symbol CYH. Corporate and product information about CYH products is available on the Internet's World Wide Web at http://www.compression.okko.com.

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-- Dee (T1Colt556@aol.com), February 08, 2000