First Contract Signed in the Hubei Province
HONG KONG, July 16 /Xinhua-PRNewswire-FirstCall/ -- China Expert Technology, Inc. (OTC Bulletin Board: CXTI), an emerging leader in providing large scale network infrastructure construction mainly for e-government projects for communities and municipal governments in China, today announced the Company has been awarded a new e-government contract to construct
e-government systems for Suizhou City government, which is located in the Hubei province, PRC. The net contract sum after excluding hardware purchases on behalf of customer and PRC business tax is $19.4 million.
The project is tentatively expected to commence in December 2007 and is expected to be completed approximately 30 months from the start date. Under the terms of the contract, China Expert Technology will be responsible for design and implementation of the following systems:
* Hardware Platform Integration
* Security Platform
* Application Platform
* Unified Administration Approval System
* Portal Website
* Coordinated Office System
* Calling Center
* Geographical Information System
* Emergency Commanding System
* Auxiliary Decision System
* Social Medical Security Information System
* Information Database
* Finance Monitoring System
Mr. Zhu Xiao Xin, CEO of China Expert stated, "This comprehensive contract will improve workflow process and provide a host of vital services for various Suizhou City government agencies, in addition to the citizens they serve. This new win shows further momentum in our business and validates our diversification strategy by being the first contract awarded in the Hubei Province. We hope this deployment will serve as a conduit for future wins in this region."
About the e-government project:
The e-government project is aimed at establishing a national electronic government system, in which existing and expected government networks and applied systems can be combined to form united technology standards and regulations 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 of government functions on the Internet, optimize and reform the government structures and working processes, and provide good and standard international administration and service to the society without time and space limitation.
About China Expert Technology, Inc:
CHINA EXPERT TECHNOLOGY, INC. ("CXTI") is a company listed on the OTC Bulletin Board in the USA (Trading Symbol: CXTI), with its subsidiaries (collectively the "Group") situated in Hong Kong and China. The group is 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 directly and indirectly related to this contract with the Suizhou City, the regulatory and approval processes for this and other signed and pending contracts, the impact of competitive products on 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.
For more information, please contact:
For the Company: Investors:
Phoebe Lam Mathew Hayden
China Expert Technology, Inc. Hayden Communications, Inc.
Tel: +852-2802-1555 Tel: +858-704-5065
Fax: +852-2583-9222 E-mail: Matt@haydenir.com
Email: phoebe@chinaexpertnet.com
