BEIJING, June 22 /Xinhua-PRNewswire/ -- e-Future Information Technology Inc. (Nasdaq: EFUT), a leading front supply chain management software and service company in China, today announced that it was selected by Jusco and its parent company Aeon Co., Ltd. to provide POS and Customer Relationship Management solutions for over 10 stores operated in China, and to implement these solutions within the next 12 months to optimize its store operation and improve customer service.
Jusco's parent company, Aeon Co., Ltd., is the top one retailer in Japan, and is in the top 17 in the world. It is a retailing group of over 150 member companies in Japan and their overseas business model is based on shopping center operations. Under its "glocal" (global+local) strategy, AEON aims to be the best local retailer in all of its locations by combining world class management systems with merchandise and services that are fine-tuned to local needs and characteristics.
"Mainstream customers are increasingly embracing technologies to gain greater management on their processes and customer services," said Adam Yan, Chairman and chief executive officer. "By implementing e-Future's store applications, we can help Jusco and Aeon sharpen their back-of-store processes, improve store-planning capabilities and expedite workflow for inventory management. We are honored to provide our applications and services for Jusco and Aeon group in ways that will not only improve its process management but also reduce costs and improve efficiency of their operations. We will continue to help our clients, especially our global accounts, such as Proctor & Gamble, Johnson & Johnson, B&Q, and GUCCI etc., to expand their business horizons in China.”
About Aeon Group
Jusco's parent company, Aeon Co., Ltd., is a retailing group of over 150 member companies in Japan and their overseas business model is based on shopping center operations. Under its "glocal" (global+local) strategy, AEON aims to be the best local retailer in all of its locations by combining world class management systems with merchandise and services that are fine-tuned to local needs and characteristics. With customers' understanding and support, AEON has grown to become the leading company in Japan's retail industry. AEON has evolved into a corporate group with considerable social and economic influence and responsibilities in Japan.
About e-Future Information Technology
e-Future is a leading provider of integrated software and professional services for manufacturers, distributors, wholesalers, logistics companies and retailers in China's supply chain market. e-Future's customers are centered in the retail, automotive, general household appliance and consumer goods industries. Its solutions are specifically designed to optimize demand processes from finished goods to customer checkout and to address supply chain management, business processes, decision support, inventory optimization, collaborative planning and forecasting requirements. e-Future's software solutions business is enhanced and supported by its consulting services and ongoing maintenance on existing software installations.
e-Future provides software products and services to over 600 clients, including over 300 retailers and over 200 distributors and Fortune 500 companies from across the world that are doing business in China. These clients include Proctor & Gamble, Johnson & Johnson, Kimberly-Clark, the Chang'an Motors and Ford Motors joint venture and other large companies operating in China's domestic markets, such as PANRIC, HAIER, SUNING, PARKSON, SOGO, Wangfujing, Homeway (acquired by Home Depot), Orient Home, China duty-free stores and AYAYA, etc.
e-Future currently has 30% of the top 50 retailers in China and 30% of top 500 retailers in China. e-Future has also been selected to provide the retail software for B&Q China, GUCCI China, Mickey's Space franchised store that sell Disney products in China.
CAUTIONARY STATEMENT WITH RESPECT TO FORWARD-LOOKING STATEMENTS
This document may contain certain forward-looking information about
e-Future that are intended to be covered by the safe harbour for "forward- looking statements" provided by the Private Securities Litigation Reform Act of 1995 and any other similar laws that may apply. Readers are cautioned not to place undue reliance on these forward-looking statements because they speak only as of the date on which they were made. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include, among others: e-Future's ability to continue to experience and effectively manage growth in its business operations; the effect of competitive and economic factors and e-Future's reaction to those factors;
e-Future's ability to locate and successfully integrate possible acquisition targets, and the continued expansion of the Chinese retail market. e-Future does not undertake any obligation to republish revised forward- looking statements to reflect events or circumstances after the date of these forward-looking statements or to reflect the occurrence of unanticipated events. Readers are also urged to carefully review and consider the various disclosures in e-Future's various SEC reports, including, but not limited to, its Annual Report on Form 20-F for the year ended December 31, 2005.
For more information about e-Future, please visit http://www.e-future.com.cn , English Channel.
