21 Jan 2008 07:00
21 January 2008 GEONG International Limited ("GEONG" or "the Company") Signs contract extensions worth US$4.2Million
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 an extension to a contract with Lenovo Group Limited ("Lenovo") worth US$3.5 Million (‚£1.75 Million) in the current financial year.
The extended contract is to expand Lenovo's Dealer Incentive System (DIS) over the coming year. The DIS is based on GEONG's PortalAgeTM content management system and infrastructure and was originally designed and implemented by GEONG last year. The DIS is now being expanded to support Lenovo's high level PC products and to provide an English option allowing its use in Lenovo's offices worldwide.
GEONG also announces that it has signed a two year extension to a contract with one of the world's leading computer manufacturers worth US$700,000 (‚£350,000) per year. The extended agreement, which runs until December 2009, is to provide general e-business services for the company's China website as well as the extension of some PortalAgeTM solutions.
Commenting on the contract extensions, Wang Weidong, Chief Executive of GEONG,said: "The extension of contracts with such internationally renowned companies,including Lenovo, confirms the quality of the systems we have already implementedfor them and demonstrates the adaptable, scalable nature of the PortalAgeplatform." - ENDS- Enquiries:Henry Tse, Chairman www.geong.com Weidong Wang, CEO GEONG International Limited Tel: +86 10 5222 0999 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 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.
GEONG INTERNATIONAL LIMITED