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eFuture Ranked Among Deloitte’s Technology Fast 500 Asia Pacific 2008

BEIJING, Dec. 30 /PRNewswire-Asia/ -- eFuture Information Technology Inc. (Nasdaq: EFUT) ("eFuture" or the "Company"), a leading provider of software and services in China’s retail and consumer goods industries, today announced that it was recognized as one of the fastest growing Mainland Chinese technology companies by the Deloitte Technology Fast 500 Asia Pacific 2008 program (the "program").

"We are pleased to be included among Deloitte’s 500 fastest growing technology companies in Asia Pacific this year," said Mr. Adam Yan, eFuture’s chairman and chief executive officer. "Over the past three years, we have leveraged our leading supply chain management software to expand our client base to over 950 retailers, including 15 Fortune 500 companies operating in China. These retailers form the foundation of our strategy as we rollout B2B services for our retailer clients’ 850,000 suppliers and B2C services that have the potential to connect retailers directly to their over 90 million customers across China."

The Deloitte Technology Fast 500 Asia Pacific 2008 program evaluates leading companies in the TMT sector based on their average revenue growth rates over the last three years. The ranking includes companies based in Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, Philippines, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam.

Deloitte also announced that average revenue growth across the 500 companies ranked was the fastest in the program’s history, despite a slowing global economy.

About Deloitte Technology Fast 500 Asia Pacific 2008 Program

The Deloitte Touche Tohmatsu (Deloitte) Technology Fast 500 Asia Pacific program is the region’s most objective industry-ranking standard to focus on the technology field. The Asia Pacific program was launched in 2002 to recognize the effort and dedication of the 500 fastest-growing technology companies in Asia Pacific and includes all areas of technology, from Internet to biotechnology, from medical and scientific to computers/hardware. It includes both public and private companies.

Details of the winning companies are available at http://www.deloitte.com/fast500asiapac .

About eFuture Information Technology Inc.

eFuture Information Technology Inc. (NASDAQ: EFUT) is a leading provider of software and services in China’s rapidly growing 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 15 Fortune 500 companies, over 950 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. eFuture has over 600 employees and 20 branch offices across China.

For more information about eFuture, please visit

http://www.e-future.com.cn/ .

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.

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 December 30, 2008, and the company undertakes no duty to update such information or any other forward-looking information, except as required under applicable law.

Source: eFuture Information Technology Inc.
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