POSDATA hosts 1st FLYVO Summit in Singapore

Business Wire,  June 24, 2008  

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SEOUL, South Korea -- POSDATA Co., Ltd. (KOSDAQ:022100) hosted its first 'FLYVO WiMAX Summit' at the Amara Sanctuary Resort in Singapore on June 20 to 21,2008. This summit was organized by POSDATA to discuss Mobile WiMAX technology and market with industry leaders and experts.

Operators, Telecom Regulators, & Partners mainly from Asia Pacific countries attended the summit to share their Mobile WiMAX experience and examine the market forecast and trends. Speakers of the conference session include Mobile WiMAX operators such as QMax, Airway, and Sprint.

"By hosting this conference POSDATA is demonstrating its commitment to Mobile WiMAX development in general and to the view that it will make a significant contribution to the development of many countries in Asia" said Mr. Byung-Chang Yoo, CEO and President of POSDATA.

The highlight of the event was the cruise tour of Singapore's Marina South Port, where attendees were able to experience Mobile WiMAX service in Singapore harbor.

The FLYVO WiMAX Summit took place during the week of CommunicAsia 2008, which is one of the largest Information and Technology events in Asia. POSDATA participated in the event which was held at the Singapore Expo on June 17 through June 20. At the exhibition, FLVO introduced a new line of Mobile WiMAX products and performed a live demonstration of the FLYVO system. Visitors to the FLYVO exhibition booth were able to web surf, enjoy IP-TV using Mobile WiMAX and gaming on the G100.

With recent supply contracts in Uzbekistan and Singapore, POSDATA continues to strengthen its presence in the Southeast and Central Asian market and the company said that it expects this growth will continue in 2008 as they expand their Mobile WiMAX technology to other parts of the world.

About POSDATA Co., Ltd.

POSDATA Co., Ltd. is a global company that provides end-to-end mobile WiMAX solutions. Based on its core mobile WiMAX technologies developed in-house, the company has been providing mobile WiMAX base stations, ASN-gateways, network management systems, as well as user terminals. FLYVO is the brand name for POSDATA's mobile WiMAX business. For more information, please visit http://www.flyvo.com.

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