BEIJING, Nov. 8 /Xinhua-PRNewswire/ -- eFuture Information Technology
Inc. announced today that on November 1, 2006, Mr. Robert Greifeld, the
President and Chief Executive Officer of The NASDAQ Stock Market, Inc., who
had recently arrived in China, met with Mr. Adam Yan, the Chairman of eFuture
Information Technology Inc., in the China World Hotel, Beijing. Robert
expressed his sincere congratulations and warm welcoming to Adam Yan for the
successful listing of eFuture on NASDAQ on October 31 this year. The IPO
price was $6.00/share. Closing on Nov. 7, the shares of eFuture have climbed
89.6% at $11.38/share.
(Photo: http://www.prnasia.com/sa/20061108184436-00.jpg )
"eFuture is the 31st Chinese company to list on NASDAQ," Mr. Greifeld
said, "China is the fastest growing market for NASDAQ in terms of the number
of companies listing. NASDAQ is committed to China and we look forward to
continuing our efforts to assist with and support the ongoing growth of
China’s capital markets.”
Mr. James Ogilvy-Stuart, head of the Asia Pacific Region for NASDAQ, and
Lawrence X. Pan, NASDAQ Chief Representative in China, together with Johnson
Li, the Vice President of eFuture, were present at the meeting.
About eFuture
eFuture Information Technology Inc. (“eFuture”) is a leading provider of
integrated software and professional services for manufacturers,
distributors, wholesalers, logistics companies and retailers in China’s
supply chain front market.
eFuture’s customers are centred 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. eFuture's software solutions business is
enhanced and supported by its consulting services and ongoing maintenance on
existing software installations.
eFuture has over 500 customers, 30% of the top 30 retailers in China and
30% of top 500 retailers in China. And eFuture has also been selected to
provide the retail software for upwards of 500 retail stores (Mickey Space)
that will be selling Disney products in China. In addition, eFuture provides
products and services to Proctor & Gamble, Ford, Panric, Haier, Gucci,
Suning, PARKSON, SOGO, Wangfujing, Homeway, Orient home, and other large
companies operating in China’s domestic markets.
For more information about eFuture, please visit
http://www.e-future.com.cn English channel.
