16 Jun 2008 07:05
Date: 16 June 2008Embargoed for 0705hrs GEONG International Limited ("GEONG" or "the Company") Signs contracts worth ‚£648,000 (US$1.29million)
GEONG International Limited (AIM: GNG), the AIM listed, China based provider of enterprise content management (ECM) software and solutions, today announces that it has signed four contracts with second tier banks across China worth a total of ‚£648,000 (US$1.29million) that will be recognised in the March 2009 results.
The first contract is to supply GEONG's Electronic Customer Information Format (ECIF) solution to the Bank of Beijing for a total of ‚£115,000 (US $226,000) and runs until December 2008.
The second contract is to supply the Company's leading ECM software, PortalAgeTM, and internet banking solutions to the Bank of Dongguan for ‚£270,000 (US $544,000). This contract runs until October 2008.
The third contract is to provide a Report and Risk Management System based on the PortalAgeTM solution for the Bank of China. This contract is worth ‚£213,000 (US$426,000) and runs until December 2008.
The final contract is to supply the Portal AgeTM solution to the Huishang Bank for a total of ‚£50,000 (US $100,000) and is set to run until September 2008.
Commenting on the contractwin,Wang Weidong, Chief Executive of GEONG, said:
"Our leading Electronic Customer Information Format(ECIF) and Portal/EIPsolutions have been successfully implemented in our top tier bankingclients across China. These contract wins show that we are now expanding intosupplying these solutions across the second tier banks and that GEONG is in a verystrong position to take advantage of the growth in this area of the banking sector." - ENDS- Enquiries:Henry Tse, Chairman www.geong.com Weidong Wang, CEO GEONG International Limited Tel: +86 10 5222 0999 Emma Kane / Mike Ward geong@redleafpr.com Redleaf Communications Ltd Tel: +44 (0)20 7822 0200 John Depasquale / Parimal Kumar Seymour Pierce 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 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 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.
vendor