19 Feb 2008 07:00
19 February 2008 GEONG International Limited ("GEONG" or "the Company") Wins four maintenance contracts worth US$1.2m (‚£600,000)
GEONG International Limited (AIM: GNG), the AIM listed, China based provider of enterprise content management (ECM) software and solutions, today announces that it has won four annual maintenance contracts in China's Financial Services sector worth US$1.2m (‚£600,000).
The first, and largest, of the contracts has been signed with the Bank of Shanghai. The contract is worth US$520,000 (‚£260,000) and is to provide annual maintenance of the bank's Enterprise Information Portal (EIP) and e-business website.
The remaining three maintenance contracts are as follows:
Maintaining the Bank of Communication's EIP until September 2008 - US$280,000 (‚£140,000).Maintaining China Construction Bank's EIP and internet banking system until October 2008 - US$200,000 (‚£100,000).Maintaining Haitong Securities' e-trading website until January 2009 - US$200,000 (‚£100,000).
Commenting on the contract wins, WeidongWang, Chief Executive of GEONG, said: "The Financial Services Industry in China is experiencing rapid and continued growth, and is another sector where we have a very strong presence. These contracts demonstrate the continued confidence the leading companies within the industry have in the products and services GEONG provides."
- ENDS- Enquiries:Henry Tse, Chairman Weidong Wang, CEO www.geong.com GEONG International Limited Tel: +86 10 5222 0999 Paul Dulieu / Emma Kane / Mike Ward
Redleaf Communications Ltd Tel: +44 (0)20 7822 0200
John Depasquale / Parimal Kumar SeymourPierce Tel: +44 (0)20 7107 8000 Notes to Editors
About GEONG International 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 PortalAgeTMsuite designed for large enterprise customers and SmartBoxTM designed to capture the SME market's requirement for collaboration software.
PortalAgeTMclients 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 was short listed for the "Best Technology" category at the 2007 AIM Awards.
In October 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