BEIJING--(BUSINESS WIRE)--October 24, 2005--Forlink Software Corp. Inc. (OTCBB: FRLK) today announced that it has entered into a definitive agreement to acquire 17.5% interest from China Liquid Chemical Exchange (http://www.clc-ex.com), a limited liability company in China.
Under the terms of the agreement, Forlink will deploy the "For-online Electronic Trading System", a proprietary, integrated software solution, to support the Exchange's operations, including online trading, online billing and payment, user authentication, customer care, etc, in exchange for 17.5% interest.
Forlink's CEO, Yi He, commented: "This investment demonstrated the proven track record and competitiveness of our For-online Electronic Trading System. More and more companies consider Forlink as a trusted IT partner. We believe with our IT support, China Liquid Chemical Exchange will grow quickly in a promising market."
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.
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.
Contact:
Forlink Software Corporation Inc.
Grace Tan, 8610-68118866
ir@forlink.com
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