Longtop Wins Contract with a Leading Securities Brokerage Firm in China
02 11월 2009 - 10:00PM
PR Newswire (US)
HONG KONG, Nov. 2 /PRNewswire-Asia/ -- Longtop Financial
Technologies Limited ("Longtop") (NYSE:LFT), a leading software
developer and solutions provider targeting the financial services
industry in China, today announced that it has won a contract with
a leading securities brokerage company in China. Under the terms of
the contract, Longtop will design and implement a centralized
Enterprise Data Warehousing (EDW) which involves integrating and
consolidating data residing in the customer's different data
sources. The EDW will serve as an integral part of the customer's
Decision Support System (DSS), providing unified data to current
users and to facilitate future applications such as the Analytical
Customer Relationship Management (ACRM) system and risk management
systems. "We are very happy to win this new customer in the
securities industry where we currently have a very limited
presence. Even without a suite of services and products for the
securities brokerage industry, we were able to win this customer
due to our strength in BI which we have built by working with our
banking and insurance customers. We also see potential to develop
further applications in the future such as ACRM and risk management
systems again leveraging on our banking and insurance experience,"
commented Weizhou Lian, Chief Executive Officer of Longtop. Safe
Harbor Statement Under the Private Securities Litigation Reform Act
of 1995 This announcement contains forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify forward-looking statements by such terms as "believes,"
"expects," "anticipates," "intends," "estimates," the negative of
these terms, or other comparable terminology. Factors that could
cause actual results to differ include the effectiveness,
profitability, and marketability of the company's solutions; the
Company's limited operating history; its reliance on a limited
number of customers that continue to account for a high percentage
of the Company's revenues; risk of payment failure by any of its
large customers, which could significantly harm the Company's cash
flows and profitability; the ability of the Company to operate
effectively as a public company; future shortage or availability of
the supply of employees; general economic and business conditions;
the volatility of the company's operating results and financial
condition; the company's ability to attract or retain qualified
senior management personnel and research and development staff; and
other risks detailed in the company's filings with the Securities
and Exchange Commission. These forward-looking statements involve
known and unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
companies and the industry. The company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or to changes in its expectations, except
as may be required by law. Although the company believes that the
expectations expressed in these forward looking statements are
reasonable, they cannot assure you that their expectations will
turn out to be correct, and investors are cautioned that actual
results may differ materially from the anticipated results. Any
projections in this release are based on limited information
currently available to us, which is subject to change. About
Longtop Financial Technologies Limited Longtop is a leading
software development and solutions provider targeting the financial
services industry in China. Longtop develops and delivers a
comprehensive range of software applications and solutions with a
focus on meeting the rapidly growing IT needs of the financial
services institutions in China. Longtop has six solution delivery
centers, three research and development centers and seventy-five
ATM service centers located in 27 provinces throughout China. For
more information, please visit: http://www.longtop.com/ . For more
information, please contact: For Investors: Longtop Financial
Technologies Limited Charles Zhang, CFA Email: Phone:
+86-10-8421-7758 For Media: IR Inside BV Caroline Straathof Email:
Phone: +31-6-5462-4301 DATASOURCE: Longtop Financial Technologies
Limited CONTACT: For Investors: Longtop Financial Technologies
Limited, Charles Zhang, CFA, , +86-10-8421-7758, For Media: IR
Inside BV, Caroline Straathof, , +31-6-5462-4301 Web site:
http://www.longtop.com/
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