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For investors who wish to have exposure in the software IT sector, there are not many choices on the KLSE. KarenSoft may be a good bet... More



KarenSoft is recognised among Asia's 250 fast growing technology companies in the inaugural Asia-Pacific Technology Fast 500 Programme compiled by Deloitte Touche Tohmatsu...




Are Malaysian organisations ready to take up the challenge of automating and streamlining their supply chains? More



KarenSoft & SMI
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Press Release

FOR IMMEDIATE RELEASE

KarenSoft Signs Contract with Malaysian Institute of Accountants (MIA) to deliver new integrated membership-based ERP System.
Kuala Lumpur - 22 March 2004 - Mesdaq-listed company KarenSoft Technology Berhad is set to deliver a newly developed membership-based ERP System known as e-MIATMS (E-MIA Total Management System) which was developed jointly with the MIA over the last 16 months with the signing of a Software Users Agreement (SUA) between both parties today.

MIA as represented by its President, Y. Bhg Datuk Dr Abdui Samad Hj Alias and its Registrar, Encik Mohamad Abdullah while KarenSoft Executive Chairman/Chief Executive Officer, Mr Chee Chong Hwa signed on behalf of KarenSoft.

Under this SUA, KarenSoft's expertise and solutions will be harnessed to develop and deliver an integrated software solution known as the e-MIATMS comprising a Web Portal Front end closely integrated with a Windows-based 13ackend covering membership, events management, financial management and procurement. ln addition, remote access is enabled for MIA's branches and centres outside of Kuala Lumpur.

Chee says, "We believe that the E-MIATMS is the first and only membership-based ERP System available in Malaysia today. As such, we see a tremendous market for this product not only in Malaysian but also internationally. For all we know, the membership-based ERP System could be the next "Killer Application" for KarenSoft"

Chee added that "With the implementation of the E-MIATMS, benefits to the MIA include significant annual cost savings, elimination of duplication of work, effective communication network as well as total information management."

The MIA was established in 1967 under the Accountant's Act 1967 as the Country's national accountancy body. The MIA is the only accountancy body empowered by law to regulate the accountancy profession in Malaysia, thus it represents the voice of all accountants in the country.

KarenSoft Technology Berhad, listed on the MSEB Mesdaq Market since 24 January 2003 is a leading Malaysian Enterprise Solutions Provider since 1991. Based in Prai with branches in Penang, PJ and Cyberjaya. KarenSoft aims to be a leading ERP2 (ERP+CRM) solutions provider in the APAC region. An MSC-status company, KerenSoft was also included in the 2002 and 2003 Delloitte Touche Tohmatsu's Asia Pacific FAST 500, a survey of APAC fastest growing technology companies. In this survey KarenSoft clinched the # 4 (2002: # 6) spot amongst 11 (2002: 13) Malaysian Companies which made the ATF 500 and ranked # 84 (2002: #119) out of 250 companies in APAC.


For more information please contact:
Chee Chong Hwa, CA(M), CPA
Executive Chairman/Chief Executive Officer
MSC-Status Company
Listed on KLSE Mesdaq Market(Stock Code:0014/KRNSOFT)
Mobile: 012-4890605

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