GNG.L Regulatory News (GNG)

29 Jan 2007 07:00

Embargoed: 07.00am, 29 January 2007

GEONG INTERNATIONAL LIMITED NEW CONTRACT WINS

GEONG International Limited ('GEONG' or `the Company'), the AIM listed, Beijing based, provider of content management software and solutions, announces that it has signed a US$190,000 contract to provide its PortalAge software to FAW Volkswagen (`FAW-VW') .

Under the terms of the contract GEONG's PortalAge software will be used to streamline FAW-VW's content management systems by establishing a "Collaborative Platform" enabling information and data to be stored, managed and shared across the organisation.

GEONG also announces that it has signed an extension to its maintenance agreement with Shanghai General Motors (`SGM'). The agreement is expected to be worth up to US$280,000 and runs until the end of November 2007.

The Company will provide SGM with product support and application maintenance services for "DMS II" (Dealer Management System Phase II); an ECM framework designed and installed by GEONG in 2005.

Commenting on the two contracts, Wang Weidong, Chief Executive Officer of GEONG , said: "The automotive industry in China is experiencing very rapid growth and is a sector where we have a strong presence. PortalAge is being used by the regions top two automotive companies by sales, and is an area which should prove lucrative going forward."

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For further information, please contact:

GEONG International Limited Henry Tse, Chairman Wang Weidong, CEO T: +86 10 877 30066 T: +44 (0)20 7920 3150Tavistock CommunicationsMatt RidsdaleSimon Compton