CXTI 1.11 + .07
China Expert Technology Awarded A $10 Million New E-Government Contract in China
PR Newswire - March 16, 2005 10:21
- 15 Months Contract for 2nd Phase E-Government System of Jinjiang City, Fujian -
HONG KONG, March 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- China Expert Technology Inc. (OTC Bulletin Board: CXTI), a company that specializes in providing large scale network infrastructure construction mainly for e-government projects for communities and municipal governments in China has been awarded an e-government contract worth $10 million to construct the 2nd phase e-government system for Jinjiang city, Fujian province. Under the contract, the construction will be commenced in May 2005 and completed in August 2006.
KUNG SZE-CHAU, Chief Executive Officer of China Expert, stated, "We completed the construction of the 1st phase e-government system in January 2005. The municipal government of Jinjiang city is pleased with the design and implementation of the system as well as the efficiency brought to the management of public affairs. In order to build a service-oriented e-government system, the municipal government will, in the 2nd phase construction, enhance coordination and cooperation of government departments and improve public notifications and public hearings to expand citizens' participation in the management of public affairs."
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 various 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.
Tim Clemensen, Rubenstein Investor Relations, Inc., +1-212-843-9337,
tclemensen@rubensteinir.com, for China Expert Technology Inc.; Phoebe Lam of China
Expert Technology, Inc., Tel: +852-2802-1555, Fax: +852-2802-9222,
phoebe@chinaexpertnet.com
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