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Jingwei International Added to the Halter USX China Index
Oct 08, 2010 (10:10 AM EDT)
SHENZHEN, China, Oct. 8 /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 its stock has been approved by the USX Selection Committee and added to the Halter USX China Index, as of September 30, 2010.
The Halter USX China Index was created by Halter Financial Group. For a company to be included in the Index, it must conduct a majority of its business in China, maintain an average market cap of over $50 million for the preceding 40 trading days, trade on the NYSE, NYSE Amex or NASDAQ, and be reviewed and approved by the USX Selection Committee.
Mr. Rick Luk, Jingwei International's CEO, commented, "We are pleased to have our stock added to the Halter USX China Index, which enhances our visibility among members of the international investment community at a time when we are successfully growing our data mining and software services businesses. Jingwei's business fundamentals remain robust and we expect to capitalize on attractive external opportunities in the coming months, leading to higher growth, new milestones and greater investor recognition."
About Jingwei International Limited:
Jingwei International Limited ("Jingwei") has established a leading position in China in data mining, interactive marketing and software services. By leveraging its proprietary database of over 400 million consumer profiles, Jingwei helps companies to more effectively reach their target audiences. 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