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