BEIJING, April 8, 2008 /Xinhua-PRNewswire/ -- eFuture Information Technology Inc. (Nasdaq: EFUT; ''eFuture''), a leading front-end supply chain management software and service company in China, today announced that it will acquire Proadvancer Systems Inc. (''Proadvancer''), a leading provider of logistics software and services in Mainland China and Asia. Proadvancer has 40 employees. The transaction is expected to be accretive to eFuture's 2008 earnings per share.
ADVERTISEMENT
 
Upon closing, the acquisition will enable eFuture to add logistics software and services to its portfolio of front-end supply chain management software and service solutions including increased system planning, business process rebuilding, implementing, analyzing, and tracking capabilities. The acquisition furthers eFuture's goal of providing high-performance, integrated front-end supply chain management solutions that streamlining its clients' operations and maximize their competitive advantages.

''This acquisition is an ideal fit, expanding our core competence in front-end supply chain management software and solutions in China's rapidly growing retail and fast-moving consumer goods industries," said Adam Yan, eFuture's chairman and chief executive officer. ''Proadvancer's deep understanding of the logistics industry and advanced technology compliment our existing offering, allowing us to provide a complete logistics and supply chain management solution in retail and consumer goods industries.''

eFuture expects to benefit from the transaction by acquiring technology and skills that will enable the company to provide comprehensive logistics services in three main areas: integrated logistics center construction management, supply chain management and logistics model consulting and logistics information management systems planning, design and strategy.

Proadvancer has cooperated with eFuture's recently acquired Guangzhou Royalstone, now eFuture Royalstone, since 2000. The two companies also worked on projects for Beijing Jingkelong Company Limited, a company listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited. Lu Guangyang, Proadvancer's chairman and founder, will act as eFuture's chief logistics consultant and the general manager of the company's Logistics Business Unit.

''I am looking forward to becoming a member of the eFuture family,'' said Lu Guangyang, Proadvancer's chairman and founder. ''The addition of Proadvancer's business creates a comprehensive front-end supply chain management software and service provider that can better serve many of China's leading companies. With a track record of providing professional logistics services and an established relationship with eFuture, I'm confident that our customers will continue to benefit from high-quality products and services and find new value in the synergies created by our combined business.''

共2页 1 2