Jingwei International Limited Disposes of Beijing New Media

Oct 14, 2011, 08:00 ET from Jingwei International Limited

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

This report includes forward-looking statements. Generally, the words "believes," "anticipates," "may," "will," "should," "expect," "intend," "estimate," "continue," and similar expressions or the negative thereof or comparable terminology are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including the matters set forth in this report or other reports or documents we file with the Securities and Exchange Commission from time to time, which could cause actual results or outcomes to differ materially from those projected. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to update these forward-looking statements.

Company Contact:

Jingwei International Limited

Yong Xu or Cao Wei

Tel: +86-755-8631-9430

Email: weicao@jingweicom.com


SOURCE Jingwei International Limited