CXIT Completed e-Government Construction for Jinjiang City Government in China and Awarded a New Maintenance Contract worth USD$3.9 Million
CXIT Completed e-Government Construction for Jinjiang City Government in China and Awarded a New Maintenance Contract worth USD$3.9 Million
HONG KONG, Feb. 1 /PRNewswire-FirstCall/ -- China Expert Technology, Inc. (BULLETIN BOARD: CXTI) , a company that specializes in providing large scale network infrastructure construction mainly for e-government project for communities and municipal governments in China today announced the completion of e-government construction for Jinjiang City Government of Fujian province in China and the commencement of the maintenance period for the system from February 1, 2005 to January 31, 2006, as included in the contract with Jinjiang City Government dated April 30, 2003.
According to the contract, 2003, CXTI prepared the e-government planning and feasibility report and designed and built up the following platforms and systems for the Jinjiang City Government:
* Hardware Platform
* Application Support Platform
* Security Guarding Platform
* Incorporate Administration Approval System
* Cooperative Office Automation System
* E-Government Portal Website
* Call Center
* Geographical Information System
* Decision Support System
* Emergency Response and Coordination System
* Cyber Archives System
* Financial Supervisory System
* Statistic Analysis Reporting System
* Video-Conference System
* Urban General IC-Card System
CXTI also announced that it has been awarded a 3-years maintenance contract for the e-government system of Jinjiang City Government worth USD$3.9 million payable on annual installment of USD$1.3 million each commencing from February 1, 2006.
KUNG SZE-CHAU, Chief Executive Officer of CXTI, stated, "The Jinjiang City Government is very pleased with the e-government system built up by CXTI and that the system has been selected by the Fujian provincial government as a model project for all cities and counties in Fujian province. The award of the maintenance contract for the e-government system of Jinjiang City Government reflects our proven success and capability in e-government construction for communities and municipal governments. We expect our profit margin is around 40% which will certainly provide us additional and stable revenue steam during the period from 2006 to 2008."
About the e-government project:
The e-government project is aimed to establish a national electronic government system, in which the existing and expecting government networks and applied systems can be combined to form united technology standard and regulation and consequently a united national government service platform. The term e-government is a process in which the government is able to take advantage of modern information and communication technologies to integrate the management and service on Internet, optimize and reform the government structures and working processes, and provide good and standard international administration and service to the society beyond time and space limit.
About China Expert Technology, Inc:
CHINA EXPERT TECHNOLOGY, INC. ("CXTI") is a company listed on the OTC BB in the USA (Trading Symbol: CXTI) and its subsidiaries (collectively the "Group") situated in Hong Kong and China, are specialized in providing large-scale network infrastructure construction (mainly e-government projects) for communities and municipal governments in China. The Group also utilizes its network with experts from vary universities in China to deploy business and IT consultancy services to corporations in Hong Kong and China. The Group's existing major clients includes municipal governments, government authorities and other technology firms in China. Its income is derived mainly from four areas, e-government, technology achievement appraisal, expert consultation and project database.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission.
Source: China Expert Technology, Inc.
CONTACT: Tim Clemensen, Rubenstein Investor Relations, Inc.,
+1-212-843-9337, tclemensen@rubensteinir.com, for China Expert Technology,
Inc.; Phoebe Lam, China Expert Technology, Inc., +852-2802-1555,
Fax: +852-2802-9222, phoebe@chinaexpertnet.com
-------
Profile: intent



0 Comments:
Post a Comment
<< Home