BEIJING, April 19 /Xinhua-PRNewswire-FirstCall/ -- Yucheng Technologies Ltd.(Nasdaq: YTEC, YTECW), the leading local IT solution and services provider focused on the Chinese banking industry, today announced that it will present at the Susquehanna Financial Group's Global Opportunities Conference on Thursday, May 17, at The Sofitel Hotel in New York. Peter Li, Yucheng's Chief Financial Officer, will give a 20-minute presentation regarding Yucheng Technologies' company overview, products and services, financial performance and future strategies.
Following the formal presentation, Mr. Li will conduct one-on-one meetings. Meetings may be arranged by contacting Susquehanna Financial Group.
About Yucheng Technologies Ltd.
Yucheng Technologies Ltd. (YTEC) is a leading IT solution and services provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng has more than 800 employees and has established an extensive footprint to serve its banking clients nationwide with five subsidiaries and representative offices located in Shanghai, Guangzhou, Xi'an, Xiamen, and Chengdu. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks ranging from 1) system integration and IT consulting, 2) solutions and software platform, and 3) outsourced operations. Yucheng counts 13 out of the 15 top banks in China as its customers, and is especially strong in banking channel management IT solutions and services, such as web banking and call centers, and risk/performance management solution consulting and implementation service. It has a 70% market share in 2005 in China's web banking application market, calculated based on users according to a third party research report. Yucheng is ranked one of the top five IT solution providers, along with IBM and Digital China by IDC's "China Banking Industry IT Solution 2006-2010 Forecast and Analysis" report released in September, 2006.
About Susquehanna Financial Group's Global Opportunities Conference
Susquehanna Financial Group's Global Opportunities Conference focuses on companies with significant global exposure and provides critical insights into the importance of emerging economies in the global arena. This event offers investors a unique opportunity through interactive presentations/discussions and one-on-one meetings, to meet with leading management teams from around the world. For detailed information and registration, please visit: http://www.sig.com/events/go/overview.html .
Forward-Looking Statements
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.
For more information, please contact:
In Beijing, China
Ms. Wei Peng
Investor Relations, Yucheng Technologies Ltd.
Tel: +86-10-6442-0533
Email: investors@yuchengtech.com
In the U.S.A.
Mr. Jim Preissler
Director, Yucheng Technologies Ltd.
Tel: +1-646-383-4832
Email: jim@yuchengtech.com
