A holding company specializing in the acquisition & growth of software companies
Specializing in the acquisition of software companies in e-business, mobile business and business to business (b2b) commerce
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Message: NEWS - Open EC Technologies, Inc. Announces Strategic Marketing & Development Agreement With Huawei Technology and Software Company Ltd.

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NEWS - Open EC Technologies, Inc. Announces Strategic Marketing & Development Agreement With Huawei Technology and Software Company Ltd.

posted on Jan 10, 08 04:15AM

NORTH VANCOUVER, BRITISH COLUMBIA -- (Jan. 10, 2008) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE: OCE) (PINK SHEETS: OCEIF) is pleased to announce it's China based subsidiary Shenzhen Headware Software System Ltd ("Headware") has signed a new cooperation contract with Huawei Technology and Software Company Ltd, a newly established wholly owned subsidiary of the Huawei Technologies Co Ltd. group headquartered in Shenzhen, China.

 

Huawei established this wholly owned software company as a full service software supplier to market industry specific software solutions to their world wide customer base of Telecom companies. The software solutions include products developed domestically by Huawei and 3rd party software solutions contracted or licensed from their cooperation partners. Huawei will divide the world market into six major regions: Europe, Asia-Pacific, South America, Africa, Middle East and China, among which China will be subdivided into 12 districts.

 

Mr. Zhongdong Zhou, President of Headware, Co-CEO of Open EC states; "Our Company is one of the first three cooperative parties who have won this honor with Huawei. In addition, this agreement provides Headware with the domestic and international marketing support for access to the rapidly developing market of Telecom and Mobile application software solutions." Mr. Zhou continues, "This agreement provides the Open EC group with market access and sales support for our planned expansion to all 12 districts in China."

 

Martyn Armstrong, CEO of the Open EC Group states, "This strategic agreement provides the Open EC group of companies with accelerated market access throughout China for our e-business and mobile software solutions and software development expertise. The agreement is timely as to support our potential to open China offices in the cities of Chongqing, Wuhan, Xi'an and Dalian in addition to our current Shenzhen and Nanjing locations."

 

This press release is available on the Company's official on-line Investor Relations HUB at http://www.agoracom.com/IR/OpenEC for investor questions, answers and monitored commentary. Alternatively, investors are able to e-mail all questions and correspondence to OCE@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

 

About Open EC Technologies Inc.

 

Open EC Technologies Inc. ("OCE") www.openec.com is a TSX Venture Exchange listed holding company specializing in the acquisition of software companies in e-business, mobile business and business to business (b2b) commerce. Our subsidiaries, SoftCare EC Solutions Inc., www.softcare.com , and Shenzhen Headware Software Systems Ltd., www.headware.cn provide software solutions to customers throughout North America and Asia. With over 400 employees in the OpenEC Group of companies we deliver global innovative software solutions to mid market through fortune 100 companies.

 

ON BEHALF OF THE BOARD

 

Martyn A. Armstrong, President and CEO

 

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting either, Mr. Martyn A. Armstrong, President & CEO of the Company or Mr. Michael (Gong) Chen, CFO of the Company.

 

Trading in the securities of Open EC should be considered speculative. The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

 

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
 

For more information, please contact

 

Corporate Inquiries
Open EC Technologies, Inc.
Martyn A. Armstrong, President and CEO
(604) 983-8083
(604) 983-8056 (FAX)
Email: investors@openec.com
Website: www.openec.com

or

Investor Relations
AGORACOM Investor Relations
Email: OCE@Agoracom.com
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