BEIJING, Jan. 8, 2013 (GLOBE NEWSWIRE) -- eFuture Information Technology Inc. (Nasdaq:EFUT) (the "Company" or "eFuture"), a leading provider of software and services in China's rapidly growing retail and consumer goods industries, today announced that it has secured an exclusive contract from aigo Entrepreneurs Alliance("AEA"), a famous private entrepreneurs alliance, initiated and co-founded by Mr. Feng Jun, Chairman of aigo Digital Technology Co. Ltd("aigo"), a leading consumer electronics company in China, to supply their One Supply Chain Management System V3.0 ("SCM V3") to AEA's 5002 Chinese domestic goods boutiques located in China and abroad.
Under the software license contract, eFuture will provide licensing, installation and maintenance services for their SCM V3 system to AEA. Installation of the system is planned to commence in stages, and in order of the locations of the 5002 Chinese domestic goods boutiques starting in the fourth quarter of 2012.
Mr. Adam Yan, Chairman and Chief Executive Officer of eFuture, said, "I am thrilled to welcome AEA as our new client, and I would like to thank the company for its recognition of our superior IT solutions products. eFuture's technical team has already been engaged, and we are confident that SCM V3 will help AEA build its efficient supply chain processes through the adoption of our standardized, integrated and efficient software solutions."
Mr. Feng Jun, Chairman of aigo also commented, "I would like to express my gratitude to eFuture and its professional team, who have been continuously working very hard to ensure the system is properly installed. By partnering with an industry leader, we are happy that we will soon being able to enjoy the benefits brought about by a highly-secure, efficient and fully functional software solution that will be rolled out across our widely distributed retail network."
ABOUT EFUTURE INFORMATION TECHNOLOGY INC.
eFuture Information Technology Inc. (Nasdaq:EFUT) is a leading provider of software and services in China's rapidly growing retail and consumer goods industries. eFuture provides integrated software and services to manufacturers, distributors, wholesalers, logistics companies and retailers in China's front-end supply chain (from factory to consumer) market, especially in the retail and fast moving consumer goods industries. For more information about eFuture, please visit http://www.e-future.com.cn.
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. Among other things, 2012 financial outlook and quotations from management in this announcement, as well as strategic and operational plans, contain forward-looking statements. 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 third 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 revenue and certain cost or expense items; eFuture's ability to attract clients and leverage its brand; trends and competition in the software industry; the Company's ability to control expenses and maintain profit margins; 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 performance of third parties under contracts with the Company; the expected growth of the Chinese economy software market in 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 will be included in eFuture's annual report on Form 20-F and other documents filed with the SEC.
CONTACT: INVESTOR CONTACT: Troe Wen, Company Secretary eFuture Information Technology Inc. T: +86-10-5293-7699 E: firstname.lastname@example.orgSource:eFuture Information Technology Inc.