16 Oct 2007 07:00
16 October 2007 GEONG International Limited ("GEONG" or "the Company") Win Banking & Finance Contractsworth US$1,274,000
GEONG International Limited (AIM: GNG), the AIM listed, Beijing based provider of enterprise content management (ECM) software and solutions, today announces that it has signed five contracts in the fast growing Chinese banking and finance sector worth US$1,274,000.
All five contracts are to provide solutions based upon GEONG's PortalAgeTM Content Management System and infrastructure and have been replicated from those already in use by GEONG's existing banking and finance clients, which include China's top five banks and 12 of the top 20 securities companies.
Banking Industry Contracts - US$551,000
* Bank of Shanghai
GEONG are developing an Employee Information Portal (EIP), based on
PortalAgeTM, which will help improve collaboration and information sharing
amongst the Bank of Shanghai's 1,000+ employees and provide the bank with
additional risk management safeguards and functionality. The Bank of Shanghai
is the second largest city and commercial bank in China.
* Bank of Changsha
As well as providing an EIP to allow the Bank of Changsha's 500 employees to
collaborate and share information more efficiently, GEONG are integrating more
than 10 pre-existing enterprise applications, including the banks Management
Information System, into one ECM solution.
Securities Industry - US$723,000
* Haitong Securities
GEONG are providing Haitong Securities with a cutting edge online sales system
which will allow Haitong to fulfil the full sales cycle of all of its financial
products, including Bonds, Funds and Equities, via a secure web based portal.
* Debang Securities
By replicating systems successfully delivered to China's top three investment
banks, GEONG are providing Debang Securities with an "Investment Banking
Project Management System".
* China Bond Company
Having successfully delivered an enterprise portal to China Bond in Phase I,
GEONG are developing an e-Service Portal based upon an existing PortalAgeTM
infrastructure to help China Bond improve their service levels via a secure web
based portal.
Commenting on the contract wins, Wang Weidong, Chief Executive of GEONG, said: "Having developed ECM solutions for China's leading banks and securities firms,GEONG now have a portfolio of banking and finance related solutions which can be tailored to meet the needs ofa much larger number of organisations in China's rapidly growing financesector.
"These contract wins represent our entry into this larger market and highlight theopportunity availableto usthrough the experience we have gained working with some of China's largest financial institutions."
- ENDS- Enquiries:Henry Tse, Chairman www.geong.com Weidong Wang, CEO GEONG International Limited Tel: +86 10 877 30066 Paul Dulieu / Emma Kane / Mike Ward Redleaf Communications Ltd Tel: +44 (0)20 7822 0200 John Depesquale / Parimal Kumar Seymour Pierce Tel: +44 (0)20 7107 8000
Notes to Editors
About GEONGInternational Limited
* GEONG is registered in Jersey and headquartered in Beijing. Its shares were
admitted to AIM in June 2006 and trade under the ticker GNG.L
* The Company has provided content management software and solutions since
its establishment in September 2000 and has earned a reputation as a local
technology leader in the Chinese Enterprise Content Management (ECM)
market, especially in the financial services industry.
* ECM software is an internet based suite of products that enables companies
to capture, manage, store, preserve and deliver content, documents and data
across thousands of users, processes and locations.
* The Company has developed two proprietary product ranges: the PortalAgeTM
suite designed for large enterprise customers and SmartBoxTM designed to
capture the SME market's requirement for collaboration software.
* PortalAgeTM clients include: Lenovo, Bank of Communications, China
Construction Bank, FAW Volkswagen, Shanghai Automotive Industry
Corporation, Shanghai General Motors and Air China.
* In March 2007, the Company established a Canadian representative office in
order to commence the international promotion of SmartBoxTM.
* In 2006, GEONG was recognised for the second successive year in the
Deloitte "Technology Fast 50 China 2006" and the "Technology Fast 500 Asia
Pacific 2006", which recognises the fastest growing technology companies in
China and in Asia Pacific respectively.
* GEONG has been short listed for the "Best Technology" category at the 2007
AIM Awards, which will be held on 18 October 2007.
* In Oct 2007, the company established a Guangzhou branch office in order to
commerce the expansion of both PortalAgeTM and SmartBoxTM in Southern
China.
GEONG INTERNATIONAL LIMITED