CDC Software Corporation (NASDAQ: CDCS), a hybrid enterprise software provider of on-premise and cloud deployments, announced today that China International Electronic Commerce Center (CIEEC), an affiliate of the Ministry of Commerce of the People’s Republic of China (MOFCOM), is using its CDC TradeBeam global trade management software-as-a-service (SaaS) solution for the China Free Trade Area Service Network. The China Free Trade Area Service Network is hosted by MOFCOM and managed by CIECC. This network allows users to view information on trade policies within China’s free trade zones. The network is a platform to improve domestic enterprise knowledge of the status of the development and implementation of China’s free trade agreements. MOFCOM Free Trade Area Service Network states: “Currently, China and 28 countries and regions across five continents have set up 15 free trade zones, among which 10 agreements have been signed already.” CDC TradeBeam provides FTA trade data for the China Free Trade Area Service Network, as well as supports the MOFCOM FTA website. Customers can search the China Free Trade Area Service Network for FTA information that includes up-to-date tariff information for all FTAs signed with China, Chinese/English product descriptions, most-favored-nation rates, general duty rates, FTA preferential rates, rule of origin of 23 countries, and future duty rates where applicable. “The China Free Trade Area Service Network was established to encourage domestic enterprises to make better use of the preferential policies within free trade zones,” said Zhang Ce, deputy general manager of E-government Department, CIEEC. “Enterprises can benefit a lot from the official trade data in the service network and learn how to take advantage of the cost savings opportunities offered under the FTAs.” “We are very proud that CIECC uses CDC Software’s TradeBeam cloud solution to deliver content to the FTA Service Network,” said Edmund Lau, senior vice president of CDC Software. “Our TradeBeam team of experts is dedicated to collecting and updating the ever-changing content required for efficient FTA operations. This further illustrates how our CDC China and cloud solutions are committed to this fast growing market.”
CDC TradeBeam is a cloud-based global trade management software and services solution that streamlines global trading processes for enterprises and their partners. CDC TradeBeam solutions, delivered via an on-demand SaaS model, provide import and export compliance, inventory management, shipment tracking, supply chain event management, and global trade finance solutions.About CDC Software CDC Software (NASDAQ: CDCS), The Customer-Driven Company™, is a hybrid enterprise software provider of on-premise and cloud deployments. Leveraging a service-oriented architecture (SOA), CDC Software offers multiple delivery options for their solutions including on-premise, hosted, cloud-based software-as-a service (SaaS) or blended-hybrid deployment offerings. CDC Software's solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management (demand management, order management and warehouse and transportation management), global trade management, e-Commerce, human capital management, customer relationship management (CRM), complaint management and aged care solutions. CDC Software's recent acquisitions are part of its "integrate, innovate and grow" strategy. Fueling the success of this strategy is the company's global scalable business and technology infrastructure featuring multiple complementary applications and services, domain expertise in vertical markets, cost effective product engineering centers in India and China, a highly collaborative and fast product development process utilizing Agile methodologies, and a worldwide network of direct sales and channel operations. This strategy has helped CDC Software deliver innovative and industry-specific solutions to 10,000 customers worldwide within the manufacturing, distribution, transportation, retail, government, real estate, financial services, health care, and not-for-profit industries. For more information, please visit www.cdcsoftware.com. Cautionary Note Regarding Forward-Looking Statements This press release includes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, and includes statements relating to our beliefs regarding our solutions’ ability to address global trade compliance, our beliefs regarding the adoption of CDC TradeBeam by CIEEC and the reasons therefore, and our ability to continue to address the content requirements of the FTA Service Network. These statements are based on management's current expectations and are subject to risks and uncertainties and changes in circumstances. There are important factors that could cause actual results to differ materially from those anticipated in the forward looking statements including, among others: the conditions of market; the continued ability of CDC TradeBeam solutions to address global trade requirements; demand for and market acceptance of new and existing global trade management solutions; and development of new functionalities which would allow companies to compete more effectively. Further information on risks or other factors that could cause results to differ is detailed in our filings or submissions with the United States Securities and Exchange Commission, including our Annual Report on Form 20-F for the year ended December 31, 2009, filed with the SEC on June 1, 2010, and those of our ultimate parent company, CDC Corporation, located at www.sec.gov . All forward-looking statements included in this press release are based upon information available to management as of the date of the press release, and you are cautioned not to place undue reliance on any forward looking statements which speak only as of the date of this press release. Results vary from customer to customer based upon particular facts and circumstances. The company assumes no obligation to update or alter the forward looking statements whether as a result of new information, future events or otherwise. Historical results are not indicative of future performance.