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EFuture To Provide China Duty Free Group With Enterprise Resource Planning Software

Stocks in this article: EFUT

BEIJING, Oct. 24, 2012 (GLOBE NEWSWIRE) -- 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 recently signed an Enterprise Resource Planning ("ERP") software purchase agreement with China Duty Free (Group) Co., Ltd. ("CDF"), the only state-owned enterprise specializing in nationwide duty free business, in China.

Under the ERP agreement, eFuture will provide their core products and services, including full IT system consultation services and necessary retail information management systems to help CDF perform a major upgrade of its operational system in their Beijing headquarters, allowing CDF to improve its operational and customer service efficiencies.

CDF has 160 duty-free shops in 29 cities and provinces in mainland China and Taiwan, making it the largest operator globally in terms of the number of duty-free shops operating in one country. CDF also possesses the most complete range of duty free products, featuring more than 300 of the world's top luxury brands, providing travelers with nearly a thousand types of merchandise in over twenty categories.

eFuture's CEO, Mr. Adam Yan commented, "Our relationship with CDF started in 2006, when eFuture was appointed to develop an information and logistics management system for CDF's overseas retail business. In 2009, we were chosen to provide consultation and IT support services to CDF's Sanya Island operation, a key national project implemented by the government tourism board to set-up a new sales and financial reporting system for the Sanya-domestic-duty-free policy. In order to accelerate its business growth and remain globally competitive, CDF has engaged us again to review and upgrade its IT infrastructure. eFuture's customized IT planning will also seek to integrate operations, optimize the business process, improve management efficiency, and strengthen the company's core competitiveness, helping CDF diversify their portfolio from a traditional duty-free business to a developed travel retailer."

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