China Technology Global Corporation Proposing to China Merchants DiChain (Asia) LTD for its Integrated Logistics Operation and Management System Estimated about US$6.5 Million PR Newswire - March 30, 2005 9:46 AM (EDT)
HONG KONG, March 30, 2005 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- China Technology Global Corporation (OTC Bulletin Board: CTGLF; the "Company"), formerly known as DF China Technology Inc., a leading provider of information technology solutions for the logistics and supply chain management industry in China and Hong Kong, announced today that the Company has been entrusted by China Merchants DiChain (Asia) Ltd. ("DiChain ASIA") for its proposal of developing its integrated logistics operation and management system which is estimated about US$ 6.5 Million.
As the logistics flagship of China Merchants DiChain ("DiChain"), DiChain ASIA is listed on the main board of Hong Kong Stock Exchange, with the trading symbol of 0632. DiChain ASIA is principally engaged in operating bonded warehouse, provision of logistics and related services, logistics management consultancy and logistics-related property investment. Recently, DiChain ASIA has been actively engaged in the acquisitions of logistics companies, i.e., GuangZhou Meiri, Centrans, Greatway etc. "Further to the series of acquisitions, DiChain ASIA will be implementing an internal integration process between the various businesses so as to maximize the synergies and benefits that can be enjoyed;" commented one of the core managements, "The management will invest US$6.5 Million to develop and apply the uniform information technology system for all of its acquired companies, to achieve a better synergies in the business operation and logistics networks. We are very pleased to have our brother company China Technology Global Corporation to provide a proposal for the development and application of the uniform IT system. We believe it will be one of the important steps to reach our goals of establishing integrated logistics capabilities in both domestic and international networks"
Wayne Wang, Ph.D., Executive Vice President of China Technology Global Corporation, commented, "Recently, DiChain ASIA is in discussion with the Company for various business co-operations, including the provision of land logistics services for DiChain ASIA's nationwide network of seaports. We have commenced our proposal on the IT system for DiChain ASIA and we are very confident on our developing system to exactly meet DiChain ASIA's business requirements."
About China Technology Global Corporation
China Technology Global Corporation (http://www.DiChainChinaTech.com), headquartered in Hong Kong, with operational offices located in Shenzhen, China and six other major cities throughout PRC, designs, manufactures and sells customizable software and hardware systems, which integrate GIS (Geographic Information System), GPS (Global Positioning System), as well as Wireless and Web technologies into a proprietary application platform. The Company's subsidiary, DiChain Software, was recognized as one of the leading IT solution providers in logistics and supply chain management in China in 2002 and 2003 by International Data Corporation, a world leading IT consulting firm, and named the ''Best Value Added Reseller'' by its strategic industry partner IBM Corp. in 2003. DiChain Software has strategic alliances with some of the world's largest companies, including IBM, GE, Oracle, Hewlett Packard, ILOG, DELL, Motorola, and China Mobile.
The Company's leading industry position is further leveraged by its relationship to China Merchants DiChain Holdings Ltd, the Company's major shareholder who is a reputable member of China Merchants Group, one of the top 50 national enterprises in the PRC with over $30 billion assets under its management.
In the future, the Company aims to become one of the leading Chinese technology companies by investing its resources into computer, wireless and internet related information technologies.
Forward-Looking Statement Disclosure
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. The Company's actual results could differ from such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
Contact: China Technology Global Corporation Sifie Fu, Investor Relations Manager Tel: +852-2255-0688 Email: sifiefu@dichain.com Investor Relations Division Email: Investors@dichain.com
SOURCE China Technology Global Corporation
Sifie Fu, Investor Relations Manager, China Technology Global Corporation, +852-2255-0688, sifiefu@dichain.com, or Investor Relations Division, Investors@dichain.com
News 
Market Data 
Discover 
