Re Contract

29 Jan 2007 07:00

Embargoed: 07.00am, 29 January 2007

GEONG INTERNATIONAL LIMITED NEW CONTRACT WIN

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 one year service agreement with China Construction Bank (`CCB') which the Directors estimate has the potential to be worth up to US$500,000.

Under the terms of the agreement, which commenced last month, GEONG will provide its PortalAge products and services in all future Java platform projects and help CCB improve its IT systems, especially in Portal, Enterprise Information Portal and Customer services.

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. GEONG will provide CCB with its existing PortalAge solution for large enterprises.

Commenting on the agreement Wang Weidong, Chief Executive Officer of GEONG, said: "We are delighted to extend our successful relationship with CCB. GEONG has proved itself capable of delivering first class ECM solutions and the highest level of service to a number of Fortune 500 organisations."

He added: "Our PortalAge software is used by the top 5 Chinese banks and this agreement reinforces our market leading position in the PRC's financial services sector as well as providing stable and visible revenue streams for the Company."

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For further information, please contact:

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