Shinetech Software Inc. announces a 60% first-quarter revenue increase for 2012

Rising revenue and customer numbers continue to lead to record growth

NEW YORK, LONDON and BEIJING, May 16, 2012 /CNW/ - Shinetech Software Inc., a leading agile application development outsourcing provider, has announced a more than 60 percent increase in revenue growth for the first quarter of 2012.

Shinetech attributes this growth to steadily increasing demand for its application outsourcing, integration, and delivery services, particularly for mobile application development.

The quarter produced more than 40 new clients for the company in the United States, Europe, Canada and Australia. Shinetech is also expanding its service capabilities in Europe, the United States, Canada and Australia to meet demand.

"Our strong financial performance is a reflection of the rising trend for enterprises to turn to offshore software outsourcing as a way to decrease operating costs and risks," said John Vanderpool, Vice President of Global Operations for Shinetech. "Our long-term partnerships with both developers and clients reflect the high quality of our talent pool and service capabilities."

Shinetech boasts a roster of customers that include Top 30 members of the Fortune Global 500 and other leading international organizations. Shinetech expects continued growth and anticipates that 2012 revenue performance will exceed objectives for the year.

About Shinetech
Shinetech Software Inc. is a global leader in providing application development outsourcing, testing, systems integration, and solution delivery services from cost competitive, high-skilled operations centers in China. Over the past 10 years, Shinetech has accumulated extensive experience in the financial, manufacturing, healthcare, telecommunications, media, software, government, energy, education, e-commerce, and online gaming sectors. Our experience with various technologies and industries enables us to successfully adapt to our client's diverse needs ensuring successful project execution. Shinetech is also recognized as a leader in Agile development, leveraging Scrum and XP expertise. Shinetech combines the highest quality talent and project-management capabilities with the convenience and customer service expected from a global service provider. Headquartered in Beijing, the company has offices in New York, London, Shanghai, and Suzhou. To learn more, visit www.shinetechchina.com.

Contact:

Media and Analyst Inquiries
Jing Pan
[phone]
[email protected]

Shinetech Software
1230 Avenue of the Americas
7th Floor
New York, NY 10022
[phone]
[email protected]

SOURCE Shinetech Software Inc.

http://www.shinetechchina.com