10 Feb 2009 07:00
10 February 2009 GEONG International Limited ('GEONG' or 'the Company') New Contract Wins
GEONG International Limited (AIM: GNG), the AIM listed, China based provider of enterprise content management (ECM) software and solutions, is pleased to announce that it signed new contracts to the value of RMB 11.48m (£1.15m) in January 2009.
These contracts include a further consulting contract with a leading Telecoms solutions supplier worth RMB 8.16m (£0.82m) and a contract with the Rural Bank of Shangdong to help it build a new core banking system. Valued at RMB2.98M (£0.3m) this is the third contract with the Rural Bank of Shandong that GEONG has signed within this financial year.
The Company expects to recognise approximately 30% of these contracts within the current financial year ending 31 March 2009.
Commenting on the contract wins Weidong Wang, Chief Executive of GEONG said: "GEONG has consistently signed contracts with Chinese Telecoms and Financial Services organisations totaling in excess of £1m on a monthly basis. These January contract wins demonstrate that, despite the downturn in the global economy, demand for our products and services remains as strong as ever."
For further information, please contact:
GEONG International Limited www.geong.com Tel: +86 10 5222 0999 Henry Tse, Chairman Weidong Wang, CEO Seymour Pierce Tel: +44 (0)20 7107 8000 John Depasquale ICIS Tel: +44 (0)20 7651 8688 Bob Huxford bob.huxford@icisnet.com Caroline Evans-Jones caroline@icisnet.com Christian Taylor-Wilkinson ctw@icisnet.com Hilary Millar hilary.millar@icisnet.com
About GEONG International Limited
Operational since 2000, GEONG specialises in collaboration and content management software and services. Its products are specifically tailored for the Chinese market, where the Company is recognised by Government agencies and numerous blue chip clients as a leader in its field. GEONG was named The Most Successful Enterprise in ECM Software in China 2007 to 2008 by China's Centre for Information Industry Development and CCID Consulting; and one of the fastest growing companies in Asia at the Deloitte Technology Fast 50 China and Deloitte Technology Fast 500 Asia Pacific awards. The Company has recently expanded into North America setting up operations in Canada.
Registered in Jersey, the Group's operations are headquartered in Beijing. The Company's shares were admitted to AIM in June 2006 and trade under the ticker GNG.L
For more information, please visit www.geong.com
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