EX-99.1
6
v156716_ex99-1.htm
Unassociated Document
Exhibit 99.1
XGC
IT Signs a Business Acquisition Agreement with Newway Technology
SHENZHEN,
China, August 6
th
, 2009
/Xinhua-PRNewswire-FirstCall/ -- Jingwei International Limited (OTC Bulletin
Board: JNGW
;
"Jingwei"), one of the leading providers of data mining and customer
relationship marketing services in China, today announced that its wholly-owned
subsidiary, Shenzhen Xinguochuang Information Technology Co. LTD ("XGC IT"), has
completed the acquisition of value-added service and Channel sales business of
Shenzhen Newway Digital S & T Co.,LTD.("Newway
Technology")
Newway
Technology, launched in 2006, is a hi-tech enterprise whose main business is
R&D and manufacturing of digital mobile phones. Newway technology adheres to
cooperative research and development as tenet and carries out close cooperation
with Longcheertel, SIMCOM, HuaQin and other mainstream programme design
companies. Product development is based on MTK platform providing "fashionable,
high-quality and user-friendly" mobile communication products for users
worldwide to meet individual demands. Newway Technology has a large market share
for the value-added service platform in telecom in China. At present, Newway
Technology cooperates with network operators and wholesalers from more than 50
countries.
The
acquisition value-added service includes: WAP (Wireless Application Protocol),
IVR (Interactive Voice Response), game download, Color Ring, SMS (Short
Messaging Service).For the first fiscal year, from 07/01/2009 to 06/30/2010, the
acquisition business is expected to make no less than RMB30 million in sales
revenue and no less than RMB15million in net income. For the second fiscal year,
from 07/01/2010 to 06/30/2011, the acquisition business is expected to make no
less than RMB40 million in sales revenue and no less than RMB15million in net
income.
Regis
Kwong, CEO of Jingwei International states", We are extremely excited about the
opportunities this acquisition creates for our customers, employees and
shareholders. The acquisition of the value-added business strengthens our market
position and we believe it will become a launch-pad for us to expand into
3G-related value-added services".
About Jingwei International
Limited
Jingwei
International Limited ("Jingwei") is a leading provider of data mining and
customer relationship marketing services in the fast growing Chinese market.
Powered by advanced data mining technology and a propriaetary database of over
300 million Chinese consumers, Jingwei enables leading Chinese companies as well
as international brands to reach their target audiences. The Company's services
include market segmentation, customer trend, revenue analysis and direct
marketing. Jingwei is evolving into an integrated marketing service provider
with targeted campaigns via multi media channels including: interactive mobile,
telemarketing, direct mail and new media.
For more
information, please visit the Company's web site: http://www.jingweicom.com
.
Safe
Harbor Statement
Certain
of the statements made in the press release constitute forward- looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by the use of forward- looking
terminology such as "believe", "expect", "may", "will", "should", "project,"
"plan", "seek", "intend", or "anticipate" or the negative thereof or comparable
terminology. Such statements typically involve risks and uncertainties and may
include financial projections or information regarding our future plans,
objectives or performance. Actual results could differ materially from the
expectations reflected in such forward-looking statements as a result of a
variety of factors, including the risks associated with the global financial
crisis, effects of changing economic conditions in The People's Republic of
China, variations in cash flow, reliance on collaborative retail partners and on
new product development, variations in new product development, risks associated
with rapid technological change, and the potential of introduced or undetected
flaws and defects in products, and other risk factors detailed in reports filed
with the Securities and Exchange Commission from time to time. For more
information, please contact:
Regis
Kwong
Tel:
86-75586319436
Email:
regiskwon@gmail.com

EX - 99 . 1 6 v156716 _ ex99 - 1 . htm Un associated Document Exhibit 99 . 1 XGC IT Signs a Business Acquisition Agreement with Newway Technology SHENZHEN , China , August 6 th , 2009 / Xinhua - PRNewswire - FirstCall / -- Jingwei International Limited ( OTC Bulletin Board : JNGW ; " Jingwei " ) , one of the leading providers of data mining and customer relationship marketing services in China , today announced that its wholly - owned subsidiary , Shenzhen Xinguochuang Information Technology Co . LTD ( " XGC IT " ) , has completed the acquisition of value - added service and Channel sales business of Shenzhen Newway Digital S & T Co . , LTD . ( " Newway Technology " ) Newway Technology , launched in 2006 , is a hi - tech enterprise whose main business is R & D and manufacturing of digital mobile phones . Newway technology adheres to cooperative research and development as tenet and carries out close cooperation with Longcheertel , SIMCOM , HuaQin and other mainstream programme design companies . Product development is based on MTK platform providing " fashionable , high - quality and user - friendly " mobile communication products for users worldwide to meet individual demands . Newway Technology has a large market share for the value - added service platform in telecom in China . At present , Newway Technology cooperates with network operators and wholesalers from more than 50 countries . The acquisition value - added service includes : WAP ( Wireless Application Protocol ) , IVR ( Interactive Voice Response ) , game download , Color Ring , SMS ( Short Messaging Service ) . For the first fiscal year , from 07 / 01 / 2009 to 06 / 30 / 2010 , the acquisition business is expected to make no less than RMB 30 million in sales revenue and no less than RMB 15million in net income . For the second fiscal year , from 07 / 01 / 2010 to 06 / 30 / 2011 , the acquisition business is expected to make no less than RMB 40 million in sales revenue and no less than RMB 15million in net income . Regis Kwong , CEO of Jingwei International states " , We are extremely excited about the opportunities this acquisition creates for our customers , employees and shareholders . The acquisition of the value - added business strengthens our market position and we believe it will become a launch - pad for us to expand into 3G - related value - added services " . About Jingwei International Limited Jingwei International Limited ( " Jingwei " ) is a leading provider of data mining and customer relationship marketing services in the fast growing Chinese market . Powered by advanced data mining technology and a propriaetary database of over 300 million Chinese consumers , Jingwei enables leading Chinese companies as well as international brands to reach their target audiences . The Company 's services include market segmentation , customer trend , revenue analysis and direct marketing . Jingwei is evolving into an integrated marketing service provider with targeted campaigns via multi media channels including : interactive mobile , telemarketing , direct mail and new media . For more information , please visit the Company 's web site : http://www.jingweicom.com . Safe Harbor Statement Certain of the statements made in the press release constitute forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . These statements can be identified by the use of forward - looking terminology such as " believe " , " expect " , " may " , " will " , " should " , " project , " " plan " , " seek " , " intend " , or " anticipate " or the negative thereof or comparable terminology . Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans , objectives or performance . Actual results could differ materially from the expectations reflected in such forward - looking statements as a result of a variety of factors , including the risks associated with the global financial crisis , effects of changing economic conditions in The People ' s Republic of China , variations in cash flow , reliance on collaborative retail partners and on new product development , variations in new product development , risks associated with rapid technological change , and the potential of introduced or undetected flaws and defects in products , and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time . For more information , please contact : Regis Kwong Tel : 86 - 75586319436 Email : regiskwon@gmail.com