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2004-04-20 13:07:54


China Expert Technology, Inc. Awarded a $18 Million Worth New e-Government Contract in China


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28 months contract for e-Government Infrastructure for Dehua City in Fujian Province, China HONG KONG, April 20 /Xinhua-PRNewswire-FirstCall/ -- China Expert Technology, Inc. (OTC Bulletin Board: CXTI) a leading China and Hong Kong based e-government network infrastructure provider, has been awarded an e-government contract worth $18 million for Dehua city of the Fujian provincial government in China. Under the contract, China Expert will be responsible for all e-government infrastructure works including planning, platform designs, front end website setup, back end operations, engine construction, call center setup, implementation and follow up training for the entire e-government system. The contract is expected to be completed before the end of 2006. Kung Sze Chau, Chief Executive Officer of the Company, commented, "The new contract with Dehua city government in Fujian province is expected to provide us with a steady revenue stream for the years of 2004, 2005 and 2006. The award of the contact also proves our capabilities to obtain new contracts to ensure China Expert's continuous profitability. We also believe award of the new contract will help to provide us with additional e-government business opportunities in the future." About China Expert Technology, Inc. China Expert Technology, Inc. (OTC Bulletin Board: CXTI) is a leading China and Hong Kong based IT network and infrastructure company that provides large-scale network infrastructure construction (mainly e-government network infrastructure), business appraisal services for information technology companies in the China (apart from government authorities, China Expert is the ONLY foreign own corporation to obtain such authority in China) and business consultancy services for communities and municipal governments in China. For further information about China Expert, please visit www.chinaexpertnet.com. Safe Harbor Statement Except for the historical statements made herein, the statements made in this release are forward-looking statements. has Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. China Expert Technology, Inc. undertakes no duty to update these forward-looking statements. For more information, please contact at CXTI: Investors: Ms Kerrie Chung / Mr. Wilson K. Cheung First Asia Finance Group Limited Tel: (852) 2736 2111 Fax: (852) 2736 5511 www.firstasia.com.hk SOURCE China Expert Technology, Inc. -0- 04/20/2004 /CONTACT: Ms Kerrie Chung or Mr. Wilson K. Cheung, both of First Asia Finance Group Limited, +852-2736-2111, or Fax: +852-2736-5511/ /Web site: http://www.chinaexpertnet.com / (CXTI) CO: China Expert Technology, Inc. ST: China IN: CPR NET OTC SU:


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