eFuture Introduces myStore Backed Omni-Channel Solutions to Shanxi Meetall
26 March 2014 - 11:30PM
eFuture Information Technology Inc. (Nasdaq:EFUT) (the "Company" or
"eFuture"), a leading provider of software and services in China's
rapidly growing retail and consumer goods industries, today
announced that it has signed an strategic agreement to provide a
series of omni-channel solutions for Shanxi Meetall Chain
Supermarket Co., Ltd., a subsidiary of Shanxi Meetall Group
("Meetall Group" or "the Group"), a leading Chinese grocery
retailer and member of the global SPAR International group. The
signing ceremony was held in Taiyuan, Shanxi, and was attended by
Mr. Dequn Zhu and Ms. Aixiang Li, Chairman and President of Meetall
Group, and Mr. Dehong Yang, President of eFuture, among others.
Alongside supermarkets, Meetall Group's portfolio also includes
karaoke bars, cinemas and teahouses. The Group operates more than
80 supermarket stores that span many cities in Shanxi, Shandong,
Hebei and Inner Mongolia, and connects to 60 million customers
throughout China, making it one of the largest national retailers
in the North China market.
Under the agreement, eFuture will provide a series of
omni-channel solutions, powered by myStore, a unified solution
including logistics management system designed to increase the
performance of their supply chain, along with the construction of
an e-commerce and mobile internet application service. The new
solutions and services will be rolled out onto all of Meetall
Group's future supermarket stores. Dehong Yang, President of
eFuture, commented on the deal. "Our agreement with Meetall Group
is a sign of things to come, in which we will push ahead with our
endeavours to build a strong omni-channel mobile internet presence
in the China market while we continue to create the very best
consumer experience."
ABOUT EFUTURE INFORMATION TECHNOLOGY INC.
eFuture Information Technology Inc. (Nasdaq:EFUT) is a leading
provider of software and services in China's rapidly growing retail
and consumer goods industries. eFuture provides integrated software
and services to manufacturers, distributors, wholesalers, logistics
companies and retailers in China's front-end supply chain (from
factory to consumer) market, especially in the retail and fast
moving consumer goods industries. For more information about
eFuture, please visit http://www.e-future.com.cn.
SAFE HARBOR
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates" and similar statements. eFuture may also
make written or oral forward-looking statements in periodic reports
to the Securities and Exchange Commission (the "SEC"), in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to second parties. Statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: eFuture's anticipated growth strategies;
eFuture's future business development, results of operations and
financial condition; expected changes in the Company's revenue and
certain cost or expense items; eFuture's ability to attract clients
and leverage its brand; trends and competition in the software
industry; the Company's ability to control expenses and maintain
profit margins; the Company's ability to hire, train and retain
qualified managerial and other employees; the Company's ability to
develop new software and pilot new business models at desirable
locations in a timely and cost-effective manner; the performance of
third parties under contracts with the Company; the expected growth
of the Chinese economy software market in retail and consumer goods
industries; and Chinese governmental policies relating to private
managers and operators of software and applicable tax rates.
Further information regarding these and other risks will be
included in eFuture's annual report on Form 20-F and other
documents filed with the SEC.
CONTACT: Investor Contact:
Troe Wen, Company Secretary
eFuture Information Technology Inc.
+86 10 5293 7699
ir@e-future.com.cn
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