System to Support Sales of Licensed 2008 Beijing Olympic Games Merchandise BEIJING, Aug. 5
BEIJING, Aug. 5 /Xinhua-PRNewswire/ -- eFuture Information Technology Inc.
(Nasdaq: EFUT) ("eFuture"), a leading provider of front-end supply chain
management software solutions and services to China's retail and consumer
goods industries, today announced that it has signed a contract to provide
China Sport Industry Group Co., Ltd. ("China Sport") with its eFuture ONE POS-
ERP Retail Management System (the "system"). The system consists of point-of-
sale ("POS") payment and back-office management modules.
eFuture has installed the system at China Sport's headquarters and on
nearly 100 POS terminals at specialty stores selling licensed 2008 Beijing
Olympic products at the 2008 Beijing Olympic Games and Paralympic Games. The
terminals will be located within a 3,000 square meter market on the north side
of the "Bird's Nest" National Stadium, as well as at 12 branches including the
National Stadium, National Aquatic Center, Fencing Hall of the National
Convention Center, Main Press Center, International Broadcast Center, Olympic
Hospitality Center, Triathlon Venue and others. eFuture expects to have the
system installed and operational at all locations by August 8, 2008.
About China Sport Industry Group Co., Ltd.
China Sport Industry Group Co., Ltd. (SSE: 600158) is a leading Chinese
sports marketing and consulting company whose primary activities include
sports tournaments, the development and management of sporting events, fitness
programs and sports consulting services. Recently, the China Olympic
Committee selected China Sport Industry Group to assist in the planning of the
opening and closing ceremonies, market development and other activities
surrounding the 2008 Beijing Olympic Games. China Sport Industry Group was
jointly established in March 1998 by the National General Administration of
Sports Fund Management Center, the National General Administration of Sports
Lottery Management Center, the National General Administration of Sports
Equipment Outfitting Center, the Chinese National Sports Foundation and the
Shenyang Housing Industry Company. The China Sport Industry Group is the
largest joint-stock company in China's sporting industry, and the only
publicly traded company held by the National General Administration of Sports.
About eFuture Information Technology Inc.
eFuture Information Technology Inc. (Nasdaq: EFUT) is a leading provider
of front-end supply chain management software and services in China. eFuture
provides integrated software and services to manufacturers, distributors,
wholesalers, logistics companies and retailers in China's front-end supply
chain market, especially in the retail and fast moving consumer goods ("FMCG")
industries. eFuture currently serves more than 1,000 clients, including over
15 Fortune 500 companies, over 800 retailers and over 200 distributors
operating in China. eFuture is one of IBM's premier business partners in Asia
Pacific and is a strategic partner with Oracle, Microsoft, JDA, Motorola and
Samsung Network China. eFuture has over 616 employees and 20 branch offices
across China.
For more information about eFuture, please visit http://www.e-
future.com.cn/ .
Safe Harbor
This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Specifically, eFuture cannot guarantee that it will have the
aforementioned system installed and operational at each of the aforementioned
locations by August 8, 2008.
eFuture may also make written or oral forward-looking statements in
periodic reports to the Securities and Exchange Commission (the "SEC"), in its
annual report to shareholders, in press releases and other written materials
and in oral statements made by its officers, directors or employees to first
parties. Statements that are not historical facts, including statements about
the company's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number
of factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not limited to the
following: eFuture's anticipated growth strategies; eFuture's future business
development, results of operations and financial condition; expected changes
in the company's revenues and certain cost or expense items; eFuture's ability
to attract customers and leverage its brand; trends and competition in the
software industry; the company's ability to hire, train and retain qualified
managerial and other employees; the company's ability to develop new software
and pilot new business models at desirable locations in a timely and cost-
effective manner; the expected growth of the Chinese economy and software
market in the retail and consumer goods industries; and Chinese governmental
policies relating to private managers and operators of software and applicable
tax rates.
Further information regarding these and other risks is included in
eFuture's annual report on Form 20-F and other documents filed with the SEC.
All information provided in this press release and in the attachments is as of
August 5, 2008, and the company undertakes no duty to update such information
or any other forward-looking information, except as required under applicable
law.
SOURCE eFuture Information Technology Inc.
