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Forlink Software Corporation Inc. Ranked Number 8 in China in the 2003Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500
BEIJING, Jan 7, 2004 (BUSINESS WIRE) -- Forlink Software Corporation Inc. (OTCBB:FRLK) today announced that it ranked number 8 in China, number 77 in Asia Pacific, in the 2003 Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500. The program is a ranking of the leading technology companies across the Asia Pacific region based on percentage revenue growth over a period of 3 years. Forlink grew 255% during this period.
Following the launch of the program in 2002, Deloitte Touche Tohmatsu had identified the Next 250 companies in 2003. The winning companies came from new and established businesses and from across Asia Pacific and industry sectors. Software companies have again shown to have the largest share of the winners list, comprising 38%.
Forlink's CEO, Yi He, credits the outstanding performance of the company to its dedicated people, superior technologies, and ability to adapt to changes. He said, "The prestigious award from Deloitte Touche Tohmatsu belongs to everyone at Forlink. In our drive for excellence, we look forward to repeating the landmark achievement."
Mr. Thatcher, Asia Pacific's Technology, Media and Telecommunications Lead Partner said: "To succeed in today's Asia Pacific technology markets, companies need to be not only customer-focused, but have the ability to adapt to changes and new technologies.
"It is also important to note that rapid growth is not limited to small businesses only -- our ranking shows that over 18 percent (45) of winning companies have revenues in excess of US$100 million and 3 percent (8) have revenues in excess of US$1 billion."
"What is clear from our ranking is that companies with sound management, best practice and innovative thinking will be able to overcome challenges and break out of the pack," said Alfred Tang, Technology, Media and Telecommunications (TMT) Practice Leader Hong Kong and China, Deloitte Touche Tohmatsu.
Eligibility Criteria for Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500 Program
In order to qualify for the Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500 Program, a company must meet the following criteria:
1 -- It must be a technology company defined as:
-- A company that develops proprietary technology which
contributes to a significant portion of the company's
operating revenues (NB using another company's technology in a
unique way does not qualify); or
-- A company that manufactures a technology-related product; or
-- A company that devotes a high percentage of effort to research
and development of technology.
2 -- It must be in business for a minimum of three years.
3 -- It must have revenues of at least US$50,000 in the first of
the years being analysed.
4 -- It must be Asia Pacific owned and headquartered in the Asia
Pacific Region.
About Forlink Software Corporation, Inc.
Forlink Software Corporation Inc. (OTCBB:FRLK) is a professional company that dedicates itself to software development and Information Technology services. It focuses on providing OSS (Operation Support System) and NAS (Network Application Software) solutions and products for telecom industry customers, and Information Technology outsourcing services for industry customers.
About Deloitte Touche Tohmatsu TMT Industry Practice
The Deloitte Touche Tohmatsu Technology, Media & Telecommunications (TMT) Group has deep industry knowledge of technology, media and telecommunications companies and the challenges these industries face in areas such as Internet, software, computers, telecommunications and networking, semiconductor and related industries, along with broadcasting and publishing. Deloitte Touche Tohmatsu TMT practice provides a global network of dedicated professionals who can deliver comprehensive solutions to clients wherever they are in the world.
NOTE ON FORWARD-LOOKING STATEMENTS:
Statements herein contained that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the US Securities Act of 1998, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
Forlink, the Forlink logo and Services are trademarks of Forlink Software Corporation Inc. All other trademarks are the properties of their respective owners.
For more information about Forlink, please visit www.forlink.com.
SOURCE: Forlink Software Corporation, Inc.
CONTACT: Forlink Software Corporation Inc.
Grace Tan (Investor Relations), 8610-88026633
ir@forlink.com
or
Deloitte Touche Tohmatsu
Madonna Jarrett, 2852 1683
majarrett@deloitte.com.hk
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