eFuture Signs Contract to Provide Tiens Group with Retail Business Management System
23 Juillet 2008 - 2:29PM
PR Newswire (US)
BEIJING, July 23 /Xinhua-PRNewswire/ -- eFuture Information
Technology Inc. (NASDAQ:EFUT) ('eFuture'), a leading provider of
front-end supply chain management software and services to China's
retail and consumer goods industries, today announced that it has
signed a contract to provide its mySHOP Retail Business Management
System 3.0 ('mySHOP 3.0' or 'the system') to Tiens Group Co., Ltd.
('Tiens Group'). eFuture will install the system at Tiens Group's
six distribution centers, 100 subsidiary stores, 100 direct- sales
stores and 1,000 franchised chain stores, which have a total
customer base of over 10 million. 'We are excited to be rolling out
one of our high-performance software solutions to support Tiens
Group's wide-ranging global operations," said Mr. Adam Yan,
eFuture's chairman and chief executive officer. 'With the system's
intelligent analysis and decision-making data, Tiens Group will be
equipped to streamline its business and increase competitiveness by
centralizing operations and conveniently evaluating the performance
of its individual stores. Moreover, our software is designed to
provide maximum compatibility with the existing back-office
software employed by Tiens Group and other retail clients.' Once
operational, mySHOP 3.0 will provide Tiens Group's headquarters and
subsidiary back-offices, direct-sales stores and franchise chain
stores with procurement, sales and storage management capabilities.
The highly centralized business management system will offer
flexible and accurate operational analysis and decision-making
data, supporting membership management such as purchase-based
membership points, and allowing Tiens Group's headquarters to
better evaluate individual store performance. eFuture will first
deploy mySHOP 3.0 in a pilot stage covering Tiens Group's four
subsidiary stores, four direct-sales stores and 40 franchised chain
stores in China and expects the pilot stage to be operational by
December 2008. After the completion of an initial rollout, eFuture
and Tiens Group expect to further collaborate to complete a
nationwide expansion of the system to a further 96 subsidiary
stores, 96 direct-sales stores and 1,000 franchised chain stores in
2009. In July 2006, Tiens Group selected eFuture's ONE POS-ERP
R2003 Super Market Management System for its Bannerstore
Supermarket. Since its selection, the R2003 Super Market Management
system has been successfully implemented in Bannerstore's
headquarters back-office, six subsidiary stores, 17 direct-sales
stores and 23 franchised chain stores. About Tiens Group Co., Ltd.
Founded in 1995 by Mr. Li Jinyuan, Tiens Group Co., Ltd. (AMEX:TBV)
is a large-scale global enterprise with operations in over 190
countries and regions and with a customer base of over 16 million
worldwide. Since 1995, Tiens Group has maintained continual,
stable, and rapid growth. With an anchor business in advanced
biotechnology, particularly in the areas of health food, health
care, beauty care and home care products, Tiens Group is also
involved in financing, real estate development, education, cultural
exchanges, and modern logistics. Tiens Group is headquartered at
the Henderson Center in Beijing, China, and has production plants
in the Wuqing New Technology Development Zone of Tianjin, China.
Tiens Group is a direct selling company that is based on advanced
biotechnology devoted to developing health and wellness products
and a culture for a healthy lifestyle. Tiens Group operates a
unique business model that rewards successful independent
consultants for personal sales and leadership. For more information
on Tiens Group, please visit
http://www.tiens.com/tiens/group/en/index.htm . About eFuture
Information Technology Inc. eFuture Information Technology Inc.
(NASDAQ:EFUT) is a leading provider of front-end supply chain
management software and services to China's 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 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 770 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. The company has
over 629 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 its systems will improve Tiens Group's operations or
increase its competitiveness. eFuture cannot guarantee the
timetable stated for the rollout of mySHOP Retail Business
Management System 3.0, nor the further expansion of mySHOP Retail
Business Management System 3.0 past the initial testing stage
mentioned herein. 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 July 23, 2008, and
the company undertakes no duty to update such information or any
other forward-looking information, except as required under
applicable law. For investor and media inquiries, please contact:
eFuture Information Technology Inc. Tel: +86-10-5165-0998 x8804
Email: Andrew Keller Ogilvy Financial, Beijing Tel:
+86-10-8520-3112 Email: DATASOURCE: eFuture Information Technology
Inc. CONTACT: eFuture Information Technology Inc., +86-10-5165-0998
x8804, or ; Andrew Keller of Ogilvy Financial, Beijing,
+86-10-8520- 3112, or , for EFUT Web Site:
http://www.tiens.com/tiens/group/en/index.htm
http://www.e-future.com.cn/
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