by: Brett Sporich
Walnut-Most successful entrepreneurs operate on a simple philosophy-
find a need in the marketplace and satisfy it for a profit. Tom
Chung, president of Walnut-based Tri-Net Technology Inc., has done
just that. Chung, a native of Taiwan, has made a bundle recently
by helping foreign businesses set up shop in the computer age, when
there's a need to link personal computers together so they can communicate
as a network.
Tri-Net, aka TNT sells the cable and accessories needed to
make that linkage possible, forming a network that can interact.
Such networks are called LANs, or "local area networks,"
and nearly every business that has more than a handful of employees
working on PCs requires some form of network. With an initial investment
of $100,000, Chung set up shop in a modest Walnut business park.
In its first year, TNT grossed $900,000 in sales, selling mostly
to the domestic market. By its second year, gross sales topped $1.2
million. And by its third year, sales hit nearly $3 million in export
business alone, bringing TNT's total sales to more than $6 million,
Chung said.
That success is what prompted the Los Angeles District Office of
the U.S. Small Business Administration to name Chung "Exporter
of the Year." He'll be picking up his award next month at the
Intercontinental Hotel in downtown Los Angeles. Chung said that
a number of factors have helped boost international sales: the fact
that the United States is a high-tech industry leader, a burgeoning
economy throughout Asian countries, foreign government trade agreements
that favor U.S. suppliers, lower international telephone rates in
the U.S., and a weaker dollar overseas.
It's probably Chung's unique background and sense of timing that
has propelled TNT forward so far, so fast. "I came late to
this market," Chung said. "So, I knew that I needed to
spend my time and effort in other countries where they're just beginning
to develop networks." Chung's goal is to eventually have a
distributor in every nation around the globe. Today, he's well on
his way, with distributors throughout the Pacific Rim, Europe, Russia,
and to a much smaller extent, South America. Besides his past experience
selling telecommunications equipment in the U.S. for a Taiwanese
firm, Chung has a computer science degree. Chung is able to offer
distributors both marketing and product know-how.
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