BEIJING, Nov. 27 /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 it has signed an agreement with Chang’an Minsheng APLL Logistics Co., Ltd. (HKGEM: 8217.HK; “CMAL”), a professional third-party automobile logistics service provider and an integrative logistics service provider. e-Future ONE Logistics Resource Planning(LRP) solution is running successfully in CMAL’s headquarters and with its customers. It will deployed in January 2008 at the Nanjing vehicle factory of Chang’an Ford Mazda Automobile Corporation Ltd. (“Chang’an Ford Mazda”), the joint venture between Ford Motor Company, Chang’an Automobile Group and Mazda Motor Company.
CMAL Logistics Co., Ltd., along with its subsidiaries, is principally engaged in finished vehicle transportation and related logistics services, car components and parts supply chain management services and non-vehicle commodities transportation services. The Company’s customers include Chongqing Changan Automobile Co., Ltd., Changan Ford Mazda Automobile Corporation Ltd., Hebei Changan Automobile Co., Ltd., Nanjing Changan Automobile Produce Company Limited, Webasto Roof Systems (Shanghai) Ltd., Shanghai Delphi International Battery Company Ltd., VOLVO (China) Investment Co., Ltd., Yanfeng Visteon Automobile Electronics., Ltd, Qingdao Haier Logistics Company Limited and Chengdu Baogang West Trade Company Limited. As of December 31, 2006, CMA Logistics Co., Ltd. had 573 customers. During the year ended December 31, 2006, the Company acquired the remaining 1% equity interest of Chongqing CMAL Gangcheng Logistics Company Limited.
Adam Yan, Chairman and CEO of e-Future, said: “e-Future has delivered CMAL parts and vehicle logistics systems for Chang’an Ford Mazda, and we are proud of our successful deployment of our LRP system for Parts and Vehicle Logistics solutions to its operators, which is more effective in optimizing logistics performances. And now we are confident in having a better performance in Chang’an Ford’s Nanjing Vehicle Logistics project.”
“Standardization management realizes high effect. CMAL has made a long-term development strategy. In order to realize this aim, we will perfect all the existing work, take a standardization management, establish an information network system supported by IT platforms and strictly follow standardized operations to enable the company to operate with order and high effect,” said Mr. Jiaxu Yin, Chairman of CMAL, “In the modern logistics market, filled with competition, opportunities and challenges both exist. As a new star in the modern logistics field, CMAL will continue to exploit, innovate and provide sincere services, and standardized operations, in order to provide the most professional modern logistics services to our customers in China.”
About Chang’an Minsheng APLL Logistics Co., Ltd.
Changan Minsheng APLL Logistics Co., Ltd. (CMAL), listed in Hong Kong Growth Enterprise Market (operated by Hong Kong Exchanges and Clearing Limited) on 23rd February 2006, is a professional third-party automobile logistics service provider and an integrative logistics service provider. Over the years development, the Company has established long-term cooperation relationship with more than 500 carmakers, raw material suppliers and parts & components suppliers domestic and abroad, such as Changan Automobile Co., Ltd., Changan Ford Mazda Automobile Co., Ltd., Changan Suzuki Automobile Co., Ltd., Volvo Logistics, Haier Group, Bao Steel Group, Panzhihua Iron & Steel (Group) Co. It offers logistics services to clients, including parts & components consolidation and transportation, bulk transportation, large-size equipment transportation, warehousing for parts and components, delivery to the production line, kitting, vehicle storage and distribution, spare parts storage and distribution, logistics solutions design and consulting, logistics information system design and development, package design and manufacturing, etc.
CMAL has established 7 subsidiaries in Nanjing, Shanghai, Dingzhou, Qindao, Shenzhen, Wuhan and Chengdu, and an office in Ningbo; established Nanjing CMSC Logistics Co., Ltd., Chongqing Terui Transportation Service Co., Ltd. and Wuhan Changan Minfutong Logistics Company Limited with well-known home and foreign enterprises. CMAL owns and manages 20 professional Regional Distribution Centers (RDC) for car components and parts with a total area of over 200,000m2, which has an annual JIT distribution capacity of car components and parts for over 800,000 cars and a JIT distribution capacity of engine parts for over 1,000,000 units. CMAL manages a finished vehicle yard of over 800,000m2, a large transportation team consisting of over 1,500 special trailers and a shipping team of 15 special roll-on/roll-off ships. The annual transportation capacity via trailers, ships and trains is over 800,000 units. Since its establishment to the end of 2006, CMAL has successfully transported almost 2,000,000 finished vehicles.
Through the practice and continuous improvement over the past several years, Chongqing Changan Minsheng APLL Logistics Co., Ltd. has accumulated rich professional experience and set up strong service capabilities and a substantial client base. Chongqing Changan Minsheng APLL Logistics Co., Ltd. has realized overall visibility and standardization within the operation, and thus introduced the integrated 3PL management towards lean service. Up to now, the Company has become one of most successful 3PL in the automobile industry.
For more information about CMAL, please visit http://www.camsl.com .
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 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.
For more information about e-Future, please visit http://www.e-future.com.cn .
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.
