Thursday, July 13, 2006
China Expert Technology (CXTI) lands phase 2 of Fujian
New project for CXTI. No big surprise here. $19 million more revenue thrown onto the pile to be recognized in 2006 and 2007. When they landed the tiny $274K phase 1 project, I noted that more would likely follow.
This makes the other phases even more likely.
The contract is for design and planning of an e-government system, so that means this is an early phase of a much larger project. Of course the overall project could fall through, but CXTI has a good success record so far.
This makes the other phases even more likely.
// posted by Bruce @ 11:30 AM 
