SOURCE: China International Enterprises Inc.

November 15, 2006 15:07 ET

China International Enterprises Inc. Completes Redomicile and Obtains New Trading Symbol

NEW YORK, NY -- (MARKET WIRE) -- November 15, 2006 -- China International Enterprises Inc. (the "Company ") (OTCBB: CIETF) announced today that it has filed a certificate of domestication with the state of Delaware and a certificate of discontinuance of the company in Canada will soon be issued. As a result, effective at the open of business on November 16, 2006, the Company will trade under the symbol CSWT and be known as China Software Technology Group Co., Ltd. (OTCBB: CSWT).

The Company is a holding company for Heng Xing Technology Group Development Limited, a British Virgin Islands corporation ("XHT"). XHT's sole asset is 100% of the outstanding shares of Shenzhen Hengtaifeng Technology Co., Ltd., a People's Republic of China-based corporation ("HTC") located in the Hi-tech Industrial Park in the Nanshan District, Shenzhen, China.

HTC is a provider of application software and system integration services in China. HTC develops and produces housing accumulation fund software and credit guarantee management software products. It also develops family planning and property management software and provides related system integration services. HTC entered this market in 1996 and currently has more than 110 customers in over 20 provinces throughout China.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information

  • Contact:

    Peter D. Zhou
    212-232-0120 x228