BEIJING, Jan. 22 /Xinhua-PRNewswire/-- e-Future Information Technology Inc. (Nasdaq: EFUT), a leading front supply chain management software and service company in China, announced a new contract with Johnson & Johnson (NYSE: JNJ), the world’s most comprehensive and broadly based manufacturer of health care products, to build B2B Exchange Platform to integrate supply chain management systems in China.
The agreement provides that Johnson & Johnson China ("J&J China") will leverage e-Future’s customized real-time B2B exchange platform to process orders, sales data, inventory and other key business information between J&J China and its key accounts, which include most of medium and large retailers in China.
Jerry Huang, project manager of Key Account Service Team of J&J China, said, "Given e-Future’s reputation and local industrial expertise in China, we choose them to develop and customize this supply chain management system, and we believe this new solution will expedite our inventory management processes, lower the cost and optimize the value chain for our customers in China."
Adam Yan, Chairman& CEO of e-Future, commented, "We are very pleased to become the supply chain management system provider for J&J China. This agreement further marks e-Future as a leading supply chain management software company in developing customized solutions across a variety of high growth markets. We will continue to expand our client base horizontally across major manufacturers, distributors and retailers in China and in vertical industries including retail, automotive, general household appliance, and fast moving consumer goods."
e-Future provides software products and services to Fortune 500 companies from across the world that are doing business in China. Clients include Proctor & Gamble, the Chang’an & Ford joint venture and other large companies operating in China’s domestic markets, such as GUCCI, PANRIC, HAIER, SUNING, PARKSON, SOGO, Wangfujing, Homeway (acquired by Home Depot), Orient Home, China duty-free store and AYAYA, etc.
About Johnson & Johnson
Johnson & Johnson (NYSE: JNJ), through its operating companies, is the world’s most comprehensive and broadly based manufacturer of health care products, as well as a provider of related services, for the consumer, pharmaceutical, and medical devices and diagnostics markets. The more than 230 J&J operating companies employ approximately 115,700 men and women in 57 countries and sell products throughout the world.
About e-Future Information Technology
e-Future (Nasdaq: EFUT) 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.
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 harbor 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.
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.
For more information, please contact:
Investor Relations & Media Relations
e-Future Information Technology Inc.
Tel: +86-10-5165-0998
Email: ir@e-future.com.cn
