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IBM appoints Compucon to widen the distribution network of Tivoli management software offerings to SMBs in Hong Kong

HONG KONG - November 20, 2008: IBM (NYSE: IBM) today announced that it has appointed Compucon Computers Limited (CCL), a wholly owned subsidiary of KARIN Technology Holdings Ltd. (KARIN), to market the complete portfolio of IBM's Tivoli management software products. The collaboration will increase the availability of IBM's comprehensive portfolio of Tivoli management software offerings through CCL's extensive reseller network to small and medium sized businesses (SMBs) in Hong Kong and Macau.

"A cost-effective IT management solution is crucially important to the businesses, given the increasing demand to collaborate with customers and partners in the Mainland and other countries, or integrate operations across the global marketplace,"said Ricky Chung, Brand Manager, Tivoli Software, Software Group, IBM China/Hong Kong Limited.

"Loss of critical data can be very costly particularly to SMBs since their human and IT resources are limited. With CCL as our value-added distributor, we can broaden our market presence in Hong Kong and Macau by offering reliable solutions in value-added bundled packages and OEM-arrangements with quality services at an affordable price."

Focused on the needs of SMBs in resources allocation, security, storage, and system management solutions, CCL is committed to adopting dynamic channel strategies to strengthen a quality reseller network for IBM in both the Hong Kong and Macau markets. CCL will make available IBM Tivoli software to cover the demands of SMBs through just-in-time logistics, integrated marketing, high-level pre-sales technical support, and knowledgeable account management to their channel partners.

"We are honored and excited about this latest development in our partnership with IBM," said Desmond Leung, General Manager" IT Infrastructure Division of KARIN. “The high quality and proven track record of IBM’s product range, together with CCL’s strong outreach in channel development, we’re helping a wide range of SMB customers realise the total cost of ownership and benefits on storage management. And yet, this partnership will extend our coverage and create greater business opportunities beyond our current stronghold in the SMBs market.”

Today’s announcement marks the beginning of the partnership between IBM and CCL. Both companies have the vision to extend the collaboration to other IBM software brand products in the near future.

About KARIN Technology Holdings Limited
Listed on the Mainboard of Singapore Exchange (SGX) in March 2005, KARIN is a leading IT & Components Solutions and Services Provider in HK and the PRC with a strong track record since 1977.
Information about KARIN can be founded at
www.karingroup.com/eng/ir/corporate_info.php (link resides outside of ibm.com).

About Compucon Computers Limited
Compucon Computers Limited (CCL), a subsidiary of KARIN Technology Holdings Ltd., represents a name of talent and prestige across the IT industry in Hong Kong. With a remarkable company growth, CCL is honored to be the premier business partner and authorised distributor of tremendous well-know IT brands including APPLE, IBM, LEXMARK, QUANTUM, SAMSUNG, SHARP, and VICTOR. Together with our extensive channel network and inseparable partner relationship, CCL continues to provide supportive services and products to equip and empower our resellers for potential business.
Information about CCL can be founded at www.compucon.com.hk (link resides outside of ibm.com).

About IBM
For more information about IBM Hong Kong, please visit: www.ibm.com/hk

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