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eFuture Signs Contract to Provide Tiens Group with Retail Business Management System
Wednesday July 23, 8:29 am ET


BEIJING, July 23 /Xinhua-PRNewswire/ -- eFuture Information Technology Inc. (Nasdaq: EFUT - News; ''eFuture''), a leading provider of front-end supply chain management software and services to China's retail and consumer goods industries, today announced that it has signed a contract to provide its mySHOP Retail Business Management System 3.0 (''mySHOP 3.0'' or ''the system'') to Tiens Group Co., Ltd. (''Tiens Group''). eFuture will install the system at Tiens Group's six distribution centers, 100 subsidiary stores, 100 direct- sales stores and 1,000 franchised chain stores, which have a total customer base of over 10 million.
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''We are excited to be rolling out one of our high-performance software solutions to support Tiens Group's wide-ranging global operations," said Mr. Adam Yan, eFuture's chairman and chief executive officer. ''With the system's intelligent analysis and decision-making data, Tiens Group will be equipped to streamline its business and increase competitiveness by centralizing operations and conveniently evaluating the performance of its individual stores. Moreover, our software is designed to provide maximum compatibility with the existing back-office software employed by Tiens Group and other retail clients.''

Once operational, mySHOP 3.0 will provide Tiens Group's headquarters and subsidiary back-offices, direct-sales stores and franchise chain stores with procurement, sales and storage management capabilities. The highly centralized business management system will offer flexible and accurate operational analysis and decision-making data, supporting membership management such as purchase-based membership points, and allowing Tiens Group's headquarters to better evaluate individual store performance.

eFuture will first deploy mySHOP 3.0 in a pilot stage covering Tiens Group's four subsidiary stores, four direct-sales stores and 40 franchised chain stores in China and expects the pilot stage to be operational by December 2008. After the completion of an initial rollout, eFuture and Tiens Group expect to further collaborate to complete a nationwide expansion of the system to a further 96 subsidiary stores, 96 direct-sales stores and 1,000 franchised chain stores in 2009.

In July 2006, Tiens Group selected eFuture's ONE POS-ERP R2003 Super Market Management System for its Bannerstore Supermarket. Since its selection, the R2003 Super Market Management system has been successfully implemented in Bannerstore's headquarters back-office, six subsidiary stores, 17 direct-sales stores and 23 franchised chain stores.