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China Eastsea Bus (CESG)

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Monday 11 February, 2008

China Eastsea Bus

1.06m GBP contract complete

China Eastsea Business Software Ltd
11 February 2008





                    China Eastsea Business Software Limited

                                  (AIM: CESG)



                £1.06m contract complete and CMMI certification



China Eastsea Business Software Limited ('China Eastsea'), which provides
information technology and business process outsourcing services, announces that
it has completed a software implementation project for Zhejiang Telecom worth
RMB15m (c. £1.06m). These revenues will contribute to the full year to 29
February 2008.



As part of the project seven sets of Eastsea Full Text Search System and one set
of Eastsea Intelligent Global Information Detection Software were sold to
Zhejiang Telecom.



China Eastsea also announces that Beijing Huashen Huizheng ('BHH'), acquired by
China Eastsea in July '06, has got the certification of the Capability Maturity
Model Integration ('CMMI') for System Engineering Software Maturity Level 3.
CMMI is a business process improvement best practice and was certificated to BHH
following a detailed appraisal at the end of last year.



Companies with CMMI Maturity Level 3 will have business processes in line with
the international standard thus improving the performance of the business and
bringing about benefits in the areas of productivity, quality, on-time delivery,
customer satisfaction and cost reduction.





Contacts:
China Eastsea                           Evolution Securities Ltd         Parkgreen Communications Ltd
David Tsui, Financial Director/CFO      Stuart Andrews                   Paul McManus
Tel: +86 574 2880 2289                  Tel: 020 7071 4300               Tel: 020 7479 7933
Mob: +86 138 1668 5470                  [email protected] Mob: 07980 541 893
[email protected]                                              [email protected]

Angie Chen, Company Secretary           Evolution Securities China Ltd
Tel: +86 10 6298 8850                   Ian Rice
[email protected]eastseagroup.com                  Tel: 020 7220 4879
www.sinobpo.com                         Mob: 07828 951 158
                                        [email protected]






About China Eastsea

China Eastsea provides information technology and business process outsourcing
services (ITO/BPO), IT consulting and a broad range of project work to clients
in the petrochemical, petroleum, power and telecommunications industries, as
well as to ministries, state authorities, municipalities, agencies and other
organisations throughout the government sector in China. China Eastsea has a
leading position in petrochemical/petroleum IT outsourcing market with Sinopec
Zhenhai Refining & Chemical Company, one of the largest oil refining companies
in China, as its biggest client.



The services provided by the Group include strategic planning, gap analysis,
alignment, business and technology transformation, performance management and
technology selection and optimisation according to best practices. The Group
offers design, development, implementation, control and maintenance relating to
the use, creation, installation or integration of software, hardware, networks,
systems and technologies. It also provides total ERP solutions from design to
development, implementation, training and maintenance.



The Group has proprietary technology on a management platform provided over
internet, intranet and corporate portals, as well as on information integration.
The Group has successfully leveraged its expertise in search engines and
information management to build customised products to grow its government and
telecommunications IT outsourcing market share.



Financials

For the year ended 28 February 2007 China Eastsea recorded revenues of £8.79m
(2006: £4.36m) and pre-tax profits of £2.23m (2006: £1.28m). Basic earnings per
share rose from 1.82p for the year ended February '06 to 3.35p.




                      This information is provided by RNS
            The company news service from the London Stock Exchange                     

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