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China Expert Technology Signs New $25.5 Million e-Government


编辑:918 时间:2018-10-01

* Total Backlog as of December 4, 2006 Now Stands at $141.5 million

HONG KONG, Dec. 4 /Xinhua-PRNewswire-FirstCall/ -- China Expert

Technology, Inc. (OTC Bulletin Board: CXTI), an emerging leader in providing

large scale network infrastructure construction mainly for e-大发电玩城government

projects for communities and municipal governments in China, today announceAAAAAAAA>the Company has been awarded an e-government contract worth $25.5 million to

construct an e-government system for the Minqing County of Fuzhou City

located in the Fujian Province. The net contract sum after excluding

hardware purchases on behalf of the customer and PRC Value Added business

tax is $22.3 million. A consultant who facilitated this project is due a

cash fee of approximately $1.3 million, payable within ten business days

from the signing date of the contract.

Under the terms of the contract, construction will begin in October 2007

with an expected complete date of September 2010. China Expert Technology

will be responsible for design and implementation of the following systems:

* e-Government Planning

* Hardware Platform Integration

* Security Platform

* Application Platform

* Portal Website

* Unified Administration Approval System

* Coordinated Office System

* Calling Center

* Geographical Information System

* Emergency Commanding System

* Auxiliary Decision System

* Social Medical Security Information System

* Smart Card System

* Information Database

Mr. Huang Tao, Chairman of the Board of Directors of China Expert,

stated, "We are pleased to win another significant, multi-faceted contract

within the Fujian Province. This contract is further evidence of the large,

addressable opportunity within this region. Our significant backlog provides

the basis for incremental growth in 2007 and beyonAAAAAAAAAA> About the e-government project:

The e-government project is aimed at establishing a national electronic

government system, in which existing and expected government networks anAAAAAAAA>applied systems can be combined to form united technology standards anAAAAAAAA>regulations and consequently a united national government service platform.

The term e-government is a process in which the government is able to take

advantage of modern information and communication technologies to integrate

the management and service of government functions on the Internet, optimize

and reform the government structures and working processes, and provide gooAAAAAAAA>and standard international administration and service to the society without

time and space limitation.

About China Expert Technology, Inc:

CHINA EXPERT TECHNOLOGY, INC. ("CXTI") is a company listed on the OTC

Bulletin Board in the USA (Trading Symbol: CXTI), with its subsidiaries

(collectively the "Group") situated in Hong Kong and China. The group is

specialized in providing large-scale network infrastructure construction

(mainly e-government projects) for communities and municipal governments in

China. The Group also utilizes its network with experts from various

universities in China to deploy business and IT consultancy services to

corporations in Hong Kong and China. The Group'AAAAisting major clients

includes municipal governments, government authorities and other technology

firms in China. Its income is derived mainly from four areas, e-government,

technology achievement appraisal, expert consultation and project database.

Safe Harbor under the Private Securities Litigation Reform Act of 1995: The

statements which are not historical facts contained in this press release

are forward-looking statements that involve certain risks and uncertainties

including but not limited to risks associated with the uncertainty of future

financial results directly and indirectly related to this contract with the

Minqing County of Fuzhou City, the regulatory and approval processes for

this and other signed and pending contracts, the impact of competitive

products on pricing, technological changes, the effect of economic

conditions and other uncertainties as may be detailed in the Company's

filings with the Securities and Exchange Commission.

For more information, please contact:

For the Company: Investors:

Phoebe Lam Mathew Hayden

China Expert Technology, Inc. Hayden Communications, Inc.

Tel: +852-2802-1555 Tel: +858-704-5065

Fax: +852-2583-9222 E-mail: Matt@haydenir.com

Email: phoebe@chinaexpertnet.com

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