SHENZHEN, China, Oct. 14, 2011 /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (NASDAQ: JNGW) ("Jingwei" or "the Company"), a leading provider of data-mining, interactive marketing and software services in China, today announced that New Yulong Information Technology Co. Ltd. ("New Yulong IT" or the "Seller"), a subsidiary of the Company, has completed its previously announced disposition of its legacy media business in Beijing New Media Advertising Co. Ltd. ("Beijing New Media") to Mr. George Du (the "Purchaser"), the CEO, President and Chairman of the Company.
About Jingwei International Limited:
Jingwei International Limited ("Jingwei") has established a leading position in China in data mining, interactive marketing and software services. To capitalize on China's rapid growth on mobile, Internet and e-Commerce applications, Jingwei has focused on new data mining offerings that encompass interactive marketing, bundled mobility solutions and mobile value added services. The Company's software services include business intelligence, billing, customer relationship management and decision support solutions for Chinese telecom operators and power companies.
Business Risks and Forward-Looking Statements
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SOURCE Jingwei International Limited