Press Releases

Shanghai, China - June 27, 2007 – QinIT, a US consulting firm specializing in providing strategic offshore IT and BPO services to China announced today the formation of a long-term, exclusive partnership with Shanghai Academy of Science and Technology (SAST), the IT and BPO governing body of Shanghai. 

“Over the last decade, China has managed to position itself as one the world’s leading contenders in the offshore IT and BPO arena.  Among China’s three leading IT and BPO hubs Shanghai ranks as the largest, fastest growing and most attractive outsourcing destination for western companies. The ability to partner with such highly reputable and influential organization such as SAST is a great privilege and opportunity.“ stated Ralf Ellspermann, QinIT’s CEO.

One of the key challenges for foreign companies aiming to offshore outsource their IT and/or BPO requirements to service providers in China is the market’s lack of transparency.

According to Ellspermann, the Chinese offshore outsourcing market is in regards to its transparency where India used to be approximately 10 year ago. The industry in China has been experiencing exponential growth over the last 5 years in is expected to continue to grow with double digit growth rates over the next years to come. The prospects for China-based outsourcing providers have never been better. It therefore does not come as surprise the new vendors are popping up like mushrooms. The increased number of   
 
Forward Looking Statements

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, unfavorable economic conditions, our ability to execute our business strategy, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a calendar year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service offerings and pricing options, our ability to sign new clients and control expenses, the possibility of the discontinuation of some client relationships, the financial condition of our clients’ business and/or other factors. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995.

Media & Public Relations:
QinIT, LLC.
Mienne Dungca
Phone: 305-503-8600
Email: mienne.dungca@qinit.com