OCTOBER 2005.

By Alvaro Panezzo, Webmaster.

ZORTEK SYSTEMS ESTABLISHES INVESTMENT AGREEMENT WITH LOCAL GOVERMENT OF JEOLLANAM-DO PROVINCE , SOUTH KOREA .

Recently in New York , Zortek Systems signed an Investment & Cooperation Agreement with the local Government of Jeollanam-do province, South Korea . This agreement set up the fundamentals and basics of high-technology partnerships, capital investment, employment generation, tax exemptions and financial grants, as a result of the incursion and presence that Zortek Systems will have in the Korean region. The company plans to establish at the Free Trade Zone near Muan International Airport.

Jeollanam-do is located in East Asia in the south-western corner of the Korean peninsula. The province faces the sea to the west and south while its proximity to Japan and China makes its location advantageous for international trade using maritime routes.

With this agreement, Zortek Systems shows itself as an Airport-Systems Integration Company with fast entrepreneurial growth, focusing in the actual requirements and crescent demand in the aeronautical market, and also facing new changes and tendencies such as globalisation and frequent updates in technology. As a result of the incursion in the Asian market, Zortek Systems will be opened to the development of strategic ventures with technology suppliers and vendors in the area of influence; this, along with the availability of the company to offer its services, solutions and products in the Asia-Pacific region will help to keep Zortek Systems as one of the best technology Integrators in its field.