Print   

Tuesday 10 February, 2009

Geong International Limited

Contract Wins


10 February 2009

                          GEONG International Limited                          

                          ('GEONG' or 'the Company')                           

                               New Contract Wins                               

GEONG International Limited (AIM: GNG), the AIM listed, China based provider of
enterprise content management (ECM) software and solutions, is pleased to
announce that it signed new contracts to the value of RMB 11.48m (£1.15m) in
January 2009.

These contracts include a further consulting contract with a leading Telecoms
solutions supplier worth RMB 8.16m (£0.82m) and a contract with the Rural Bank
of Shangdong to help it build a new core banking system. Valued at RMB2.98M 
(£0.3m) this is the third contract with the Rural  Bank of Shandong that GEONG has
signed within this financial year.

The Company expects to recognise approximately 30% of these contracts within
the current financial year ending 31 March 2009.

Commenting on the contract wins Weidong Wang, Chief Executive of GEONG said:
"GEONG has consistently signed contracts with Chinese Telecoms and Financial
Services organisations totaling in excess of £1m on a monthly basis. These
January contract wins demonstrate that, despite the downturn in the global
economy, demand for our products and services remains as strong as ever."

For further information, please contact:

GEONG International Limited    www.geong.com    Tel: +86 10 5222 0999     
Henry Tse, Chairman                                                      
Weidong Wang, CEO                                                        
                                                                         
Seymour Pierce                                  Tel: +44 (0)20 7107 8000 
John Depasquale                                                          
                                                                         
ICIS                                            Tel: +44 (0)20 7651 8688 
Bob Huxford                                     bob.huxford@icisnet.com  
Caroline Evans-Jones                            caroline@icisnet.com     
Christian Taylor-Wilkinson                      ctw@icisnet.com          
Hilary Millar                                   hilary.millar@icisnet.com

About GEONG International Limited

Operational since 2000, GEONG specialises in collaboration and content
management software and services. Its products are specifically tailored for
the Chinese market, where the Company is recognised by Government agencies and
numerous blue chip clients as a leader in its field. GEONG was named The Most
Successful Enterprise in ECM Software in China 2007 to 2008 by China's Centre
for Information Industry Development and CCID Consulting; and one of the
fastest growing companies in Asia at the Deloitte Technology Fast 50 China and
Deloitte Technology Fast 500 Asia Pacific awards. The Company has recently
expanded into North America setting up operations in Canada.

Registered in Jersey, the Group's operations are headquartered in Beijing. The
Company's shares were admitted to AIM in June 2006 and trade under the ticker
GNG.L

For more information, please visit www.geong.com



Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.