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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.
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.

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