China-based enterprise content management (ECM) software provider GEONG International Ltd said it has signed a contract extension with an international telecommunications group.
The agreement sees GEONG extend its high-level management consultancy contract with the client for a period of one year, from April 1 2009 to March 31 2010.
The agreement generated revenues of US$1.9 million during the three months period from April 1 2009 to June 30 2009, compared with US$4.5 million for the twelve months to March 31 2009.
Chief executive Weidong Wang commented: "We are delighted to have signed this contract extension with one of our key clients and remain confident of continuing our long-standing relationship with this major global player.
"GEONG has continued to successfully secure new business, both with new and existing clients, during the first quarter of 2009, and we are confident of this trend continuing
throughout the remainder of the year," he added.
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