BEIJING--(BUSINESS WIRE)--October 11, 2004--Forlink Software Corp. Inc. (OTCBB: FRLK) today announced that it has successfully developed and implemented an ASP (Application Service Provider) solution "For-Online Electronic Trading System" for Shanghai Steel Exchange Center. The Exchange is officially launched today and is operating smoothly.
China's steel production and consumption have been increasing rapidly in recent years. According to China Iron and Steel Association (CISA), in 2003, China produced approximately 236 million tons of steel products. China's consumption of steel reached 250 million tons, surpassing the combined sum of those in the United States and Japan. Shanghai Steel Exchange Center is designed to facilitate and support heavy online trading of steel products. It was established in April with the approval of the Shanghai municipal government.
To ensure the system's reliability and reduce IT spending, Shanghai Steel Exchange Center outsourced the complex IT project to Forlink. By leveraging on proven technologies and superior industry expertise, Forlink developed a proprietary, integrated ASP solution "For-online Electronic Trading System" to support the Exchange's operations, including online trading, online billing and payment, data warehousing, user authentication, customer care, etc. In the first stage, Forlink will host and manage the solution for four years with a contracted amount of approximately US$1 million.
Forlink's CEO, Yi He, commented: "We are pleased to add Shanghai Steel Exchange Center as one of our important "For-Online" clients. Since the launch of "For-Online" on May 20th, hundreds of SMEs (Small and Medium-sized Enterprises) have contracted us to provide enterprise application services over the Internet. For-online is quickly becoming an important new channel for delivering and distributing our products and services to more customers."
About Forlink Software Corp. Inc.
Forlink Software is a leading provider of software solutions and information technology services in China. The company focuses on providing Enterprise Application Integration (EAI) solutions and IT outsourcing services for telecom, logistics, financial industries, etc.
The company delivers a cutting edge Application Integration platform and provides various software solutions and products, enabling its customers to build, maintain, operate, manage and continuously improve their information systems.
The company provides IT outsourcing services for several industries. Its services include ASP (Application Services Provider), software outsourcing services, network design/development and management, application system design/development and maintenance, customer support, and system support/recovery, among others.
Since the inception of the company's business in 1993, its customers represent over 20 provinces, cities and municipalities in China. The company has accomplished hundreds of application integration projects in telecom, logistics, financial, governmental, retail and other industries. For more information about Forlink, please visit http://www.forlink.com
Note on Forward-Looking Statements: Statements herein contained that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the US Securities Act of 1998, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
Note to Editors: Forlink, the Forlink logo and Services are trademarks of Forlink Technologies Co., ltd. All other trademarks are the properties of their respective owners. For more information about Forlink, please visit http://www.forlink.com
Contact:
Forlink Software Corporation Inc.
Grace Tan, 8610-68118866
ir@forlink.com
|
