Founded in 1999, Jactus Labs was one of the first companies in
"We believe professional testing outsourcing is an important strategic
area for us which represents promising market opportunities in
"This acquisition is a suitably positive conclusion to our third fiscal
2009 quarter. Having just completed a successful Q3 2009, we will be able to
exceed our previous guidance for Q3 2009 and the full year 2009. Moreover,
based on these strong fundamentals and our ongoing discussions with customers
about their IT spending plans, we are confident we can achieve our existing
2010 financial targets," added
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include the effectiveness, profitability, and marketability of the company's solutions; the Company's limited operating history; its reliance on a limited number of customers that continue to account for a high percentage of the Company's revenues; risk of payment failure by any of its large customers, which could significantly harm the Company's cash flows and profitability; the ability of the Company to operate effectively as a public company; future shortage or availability of the supply of employees; general economic and business conditions; the volatility of the company's operating results and financial condition; the company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Any projections in this release are based on limited information currently available to us, which is subject to change.
About Longtop Financial Technologies Limited
Longtop is a leading software development and solutions provider targeting
the financial services industry in
For more information, please contact: Longtop Financial Technologies Limited Charles Zhang, CFA Phone: +86-10-84217758 Email: ir@longtop.com IR Inside BV Caroline Straathof Phone: +31-6-54624301 Email: caroline.straathof@irinside.com
SOURCE Longtop Financial Technologies Limited