BEIJING, Sept. 3, 2014 (GLOBE NEWSWIRE) -- eFuture Information Technology Inc. (Nasdaq:EFUT) (the "Company" or "eFuture"), a leading provider of software and mobile social shopping network services to China's rapidly growing retail and consumer goods industries, today announced at its annual conference, eFuture World 2014, that the number of registered myStore users has exceeded 1 million .
"1 million registered users is an important milestone for myStore, which increased its user base 100 times since we officially initiated public trial of myStore at eFuture World 2013, which was held exactly a year ago." Mr. Adam Yan, the Chairman and CEO, further commented, "I would like to say thanks to all of our clients and every consumer. You are the promoters of the third retail revolution."
eFuture World 2014 was held on Ramada Hotel in Xishuang Banna in Yunnan province from September 2 to 4, 2014. Mr. Pei Liang, the secretary general of China Chain Store & Franchise Association, was invited to be the honored guest and presented opening remarks. Over 200 key representatives of our clients and partners attended this meeting, including senior level personnel of China top retailers such as Suning, Alibaba, Yonghui Superstore, Wangfujing Group, Yansha, Tianhong Department Store, Womai.com, and sponsors from our strategic partners, including Vocollect, Datalogic, Cisco, and HP.
ABOUT EFUTURE INFORMATION TECHNOLOGY INC.
eFuture Information Technology Inc. (Nasdaq:EFUT) is a leading provider of software and mobile social shopping network services to China's rapidly growing retail and consumer goods industries. As a pioneer and proponent of omni-channel and mobile internet solutions in the Asia-pacific, we developed myStore, a mobile shopping social network, to help retailers level the playing field with e-commerce players by connecting physical stores with social local mobile and personalized (SoLoMoMe) consumers. For more information about eFuture, please visit http://www.e-future.com.cn.
SAFE HARBOR
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, 2013 financial outlook and quotations from management in this announcement, as well as strategic and operational plans, contain forward-looking statements. eFuture may also make written or oral forward-looking statements in periodic reports to the Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to second parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: eFuture's anticipated growth strategies; eFuture's effective implementation of and transition to an omni-channel model; eFuture's future business development, results of operations and financial condition; expected changes in the Company's revenue and certain cost or expense items; eFuture's ability to attract clients and leverage its brand; trends and competition in the software industry; the Company's ability to control expenses and maintain profit margins; the Company's ability to hire, train and retain qualified managerial and other employees; the Company's ability to develop new software and pilot new business models at desirable locations in a timely and cost-effective manner; the performance of third parties under contracts with the Company; the expected growth of the Chinese economy software market in retail and consumer goods industries; and Chinese governmental policies relating to private managers and operators of software and applicable tax rates.
Further information regarding these and other risks will be included in eFuture's annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release and in the attachments is as of September 3, 2014, and the Company undertakes no duty to update such information or any other forward-looking information, except as required under applicable law.