BEIJING, Oct. 29 /Xinhua-PRNewswire/ -- e-Future Information Technology Inc. (Nasdaq: EFUT, "e-Future"), a leading front supply chain management software and service company in China, today announced its e-Future ONE Visual Process Management (VPM) system has been successfully put into operation in Sino Rubber Electronic Exchange ("Sino Rubber"), the biggest professional natural rubber exchange in China that accounts for 25% of China's local natural rubber yield. "We are excited to provide our VPM solution to Sino Rubber," said Mr. Adam Yan, Chairman and Chief Executive Officer of e-Future. "Our VPM solution was developed based on IBM China Research Lab's advanced SOA (Service Oriented Architecture) ideologies and new technologies including BPEL process, sales logics, and operations rules. Users are only required to make a general layout and the whole process framework will be clearly presented, which enables developers put more effort on the details of operations and process and increases the development efficiency. By now, we are ready to roll out our VPM solution in China's FMCG (Fast Moving Consumer Goods) and retail industries." "e-Future VPM system brings significant value to Sino Rubber. It help us to become a process-driven enterprise and a lean company, with its TOYOTA quality control model, real-time visualizing every transaction process, vividly tracking and illustrating the workflow," commented Mr. ZhengXing Tang, CEO of Sino Rubber. "e-Future VPM enables every business nodes to connect and every department to be monitored and managed as a whole. For example, if one buyer needs to check the status of his ordered products, he does not necessarily need to contact the relevant department, he only needs to open the online process tracking map, like a radar, then get the real-time situation immediately. Now, this system has definitely improved our transaction efficiency, dramatically lowered our work errors, standardized our business operation procedures and provided a clear roadmap for every process." About Sino Rubber Electronic Exchange Sino Rubber Electronic Exchange is China's biggest professional natural rubber exchange center, with an annual transaction volume and accumulative volume respectively reaching 5 billion RMB and 17 billion RMB, which accounts for 25% of China's local natural rubber yield. Natural rubber has been regarded as strategic material by the world and listed as one of the four-most-important industrial raw materials, together with coal, steel and petroleum. With the development of China's booming economy and the move of the world's well-known tire manufacturers into China mainland, China' s consumption and import volume of natural rubber has leapt to No. 1 in the world. In December 2005, Sino Rubber Electronic Exchange Co., Ltd. was established on the basis of initial Electronic Business Exchange of Hainan State Farms. The main shareholders, Hainan State Farms, China State Farms Production and Logistics Association and HuaKen (Beijin) Investment Co. Ltd., jointly invested 50 million RMB into the new exchange. In 2005, 1.8 million tons of natural rubber was consumed in China, 1.3 million tons of which were imported. Hainan State Farms is China's biggest natural rubber manufacturer. Traditional natural rubber logistics system is characterized as Two-Parties trading and goods pricing and in-time payment are two headaches. Under that circumstance, natural rubber logistics system reform was the focus and difficulty of State Farms' reform and development. To efficiently solve the problems existing in traditional transactions and with great support from the authorities of the General Bureau of Hainan State Farms, the Electronic Business Exchange of Hainan State Farms was founded for online natural rubber transaction on May 8, 2001, identifying natural rubber prices and reflecting true market-value through innovative high-tech and marketing mechanism, and starting a new era in natural rubber logistics. Sino rubber's preferable economic and social benefits caught the attention of all circles of society and the exchange gained many awards and support from the Hainan Provincial Government, Ministry of Agriculture, Ministry of Science and Technology, Ministry of Information Industry and Development and Reform Commission of China, etc. It was listed as a Tenth Fifth-Year E-commerce Demonstration Project and Appointed Monitoring Enterprise for Important Materials Market and honored as State Agriculture Industrialization Key Enterprise by 8 state ministries in 2004. Sino Rubber Electronic Exchange, with its lofty goal of facilitating modern, professional and international electronic exchange, will serve upstream and downstream enterprises in China and the Southeast Asian region in the field of natural rubber and bulk agricultural commodities with open, fair, just, safe, reliable and efficient online transactions, information and payment and delivery services. For more information about e-Future, please visit http://www.e-/ hifarms.com/english/index.jsp. About e-Future Information Technology Inc. e-Future is a leading software and service provider in China's front-end supply chain market from manufacturers to consumers, especially in the retail and Fast Moving Consumer Goods ("FMCG") market for manufacturers, distributors, wholesalers, logistics companies and retailers. e-Future's clients are centered in the retail, automotive, general household appliance and consumer goods industries. We are now serving more than 800 clients, including over 500 retailers and over 200 distributors and Fortune 500 companies that do business in China, including Procter & Gamble, Johnson & Johnson, Kimberly-Clark, the Chang'an Motors and Ford Motors joint venture, B&Q-Kingfisher China, GUCCI China, Aeon- JUSCO China, PARKSON China, SOGO China and Mickey's Space stores (Disney franchises). Leading local companies include Belle, Lianhua, Suning, Wuhan Zhongbai, Wushang Group, Bubugao, Yonghui and China Duty-Free Stores. Moreover, e-Future is also one of the IBM premier business partners in Asia Pacific as well as the partners of SAP, Oracle, Microsoft, JDA and Motorola. The Company has 19 branch offices in 31 provinces in China with over 600 employees including 250 consultants and service professionals and 270 programmers for software research and development and customization. Forward-Looking Statements This announcement contains statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. We caution investors that any forward-looking statements presented in this report, or which management may make orally or in writing from time to time, are based on beliefs and assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will" and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. Such statements are subject to risks, uncertainties and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties and factors that are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected by the forward-looking statements. We caution you that while forward-looking statements reflect our good-faith beliefs when we make them, they are not guarantees of future performance and are affected by actual events when they occur after we make such statements. Accordingly, investors should use caution in relying on forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends. Some of the risks and uncertainties that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, among others, the following: -- general risks affecting the Chinese retail industry; -- failure to effectively manage our growth and expansion or to integrate acquisitions and developments successfully; -- risks and uncertainties affecting software development; -- risks associated with downturns in the Chinese national and local economies; -- risks associated with our dependence on key personnel whose continued service is not guaranteed; and -- the other risk factors identified in our most recently filed Annual Report on Form 20-F, including those described under the caption "Risk Factors." The risks set forth above are not exhaustive. Other sections of this report may include additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for management to predict all risk factors, nor can it assess the impact of all risk factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward- looking statements as a prediction of actual results. Investors should also refer to our most recent Annual Report on Form 20-F for future periods and reports on Form 6-K as we file them with the SEC, and to other materials we may furnish to the public from time to time through Forms 6-K or otherwise, for a discussion of risks and uncertainties that may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. We expressly disclaim any responsibility to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events, or otherwise, and you should not rely upon these forward-looking statements after the date of this report. For more information about e-Future, please visit http://www.e-future.com.cn/ENG/INDEX.ASP. DATASOURCE: e-Future Information Technology Inc. CONTACT: Johnson Li of eFuture Information Tech Inc., +86-10-5165-0988, or Web Site: http://www.e-future.com.cn/

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