Snet systems Inc authorizes a Buyback Plan.

Snet Systems Co., Ltd. is a Korea-based company engaged in the specialized in the provision of information technology (IT) solutions. The Company and its subsidiaries mainly engaged in the four businesses: network business, providing services for local area network (LAN) and wide area network (WAN), such as network consulting, design, construction, maintenance and education services; security business, providing network security and server security solutions to government agencies, financial institutions and telecom companies; ubiquitous business, providing radio frequency identification/ubiquitous sensor network (RFID/USN) solutions, and mobile WIMAX business, providing telecommunication network infrastructures to enable mobile users to access mobile Internet and to offer service providers solutions to run services. It also provides network equipment, such as routers, switches, WAN devices and hubs. In addition, it engages in the leasing of real estate.