18th Oct 2007 07:00
18 October 2007 GEONG International Limited ("GEONG" or "the Company") Pre-close trading update
* Strong first half results and ongoing run rate
GEONG International Limited (AIM: GNG), the AIM listed, China based provider of enterprise content management (ECM) software and solutions, is pleased to announce that trading for the six months to 30 September 2007 has been particularly strong and the Company expects further significant growth during the remainder of the current financial year.
Based upon current performance, at the time of the Interim Results the Company expects to report that revenue for the half year ended 30 September 2007 will have risen approximately 80% and that pre-tax profit for the period will have risen approximately 100% when compared to the same half year period last year.
The high level of growth the Company is experiencing is as a result of continued contract wins relating to GEONG's PortalAgeTM Content Management System and infrastructure, as well as the acceleration of sales of GEONG's SmartBox products for SMEs and its entry level SmartExpress offering.
The continued development of the Company's sales channels and positive signs within their markets is the result of proper execution of GEONG's marketing strategies and action plan, all of which were reflected in the Company's AGM statement on 6 August 2007. The particularly strong first half year and ongoing run rate both exceed the Company's original plan and also market expectations.
The Company will be announcing Interim Results for the six months ended 30 September 2007 on 22 November 2007.
- ENDS- Enquiries:Henry Tse, Chairman www.geong.com Weidong Wang, CEO GEONG International Limited Tel: +86 10 5222 0999
Paul Dulieu / Emma Kane / Mike Ward Redleaf Communications Ltd Tel: +44 (0)20 7822 0200 John Depesquale / Parimal Kumar Seymour Pierce Tel: +44 (0)20 7107 8000
Notes to Editors
About GEONG International Limited
* GEONG is registered in Jersey and headquartered in Beijing. Its shares were admitted to AIM in June 2006 and trade under the ticker GNG.L * The Company has provided content management software and solutions since its establishment in September 2000 and has earned a reputation as a local technology leader in the Chinese Enterprise Content Management (ECM) market, especially in the financial services industry. * ECM software is an internet based suite of products that enables companies to capture, manage, store, preserve and deliver content, documents and data across thousands of users, processes and locations. * The Company has developed two proprietary product ranges: the PortalAgeTM suite designed for large enterprise customers and SmartBoxTM designed to capture the SME market's requirement for collaboration software. * PortalAgeTM clients include: Lenovo, Bank of Communications, China Construction Bank, FAW Volkswagen, Shanghai Automotive Industry Corporation, Shanghai General Motors and Air China. * In March 2007, the Company established a Canadian representative office in order to commence the international promotion of SmartBoxTM. * In 2006, GEONG was recognised for the second successive year in the Deloitte "Technology Fast 50 China 2006" and the "Technology Fast 500 Asia Pacific 2006", which recognises the fastest growing technology companies in China and in Asia Pacific respectively. * GEONG has been short listed for the "Best Technology" category at the 2007 AIM Awards, which will be held on 18 October 2007. * In Oct 2007, the company established a Guangzhou branch office in order to commerce the expansion of both PortalAgeTM and SmartBoxTM in Southern China. * GEONG's website can be found at www.geong.com
GEONG INTERNATIONAL LIMITEDRelated Shares:
GNG.L