10th May 2006 08:00
Sinosoft Technology plc10 May 2006 10 May 2006 SINOSOFT TECHNOLOGY PLC CONTRACT GAIN Sinosoft Technology ("Sinosoft" or the "Company"), the China-based developer andprovider of software and IT solutions to Chinese regional and nationalgovernment agencies and export enterprises, announces today that it has enteredinto a distribution agreement with Beijing Capitek Co., Ltd ("Capitek"). Under the terms of the agreement, Capitek are licensed to sell up to 20,000copies of Sinosoft's Information Integration Software. The agreement, whichcommenced on 1 May 2006, is expected to generate up to US$450,000 in revenue forSinosoft. The software is an existing product from Sinosoft's portfolio ofsoftware solutions. Capitek specialises in the provision of network security software and is awholly owned subsidiary of Capitel Group, one of China's leading softwaretechnology businesses. Under the terms of the agreement, Capitek will utiliseits existing, extensive, network of sales channels to distribute Sinosoft'sInformation Integration Software across China. Miss Xin Yingmei, Chief Executive, commented: "We are delighted to have signedthis agreement with Capitek, a major brand in China. The distribution agreementwill provide Sinosoft with additional revenue and expands our geographical reachin China, increasing the number of provinces where our software products are inuse. Our ability to widen our presence in other provinces, without capitalintensive investment in infrastructure, is very encouraging and thecomplimentary nature of our product suite further enhances the benefit of suchan agreement." For further information, please contact: Tavistock Communications:Matt Ridsdale / Paul Dulieu 020 7920 3150 Westhouse SecuritiesTim Metcalfe / Richard Baty 020 7601 6100 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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