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FOR IMMEDIATE RELEASE
KarenSoft ERP2 Enters the Iranian Market
Kuala Lumpur - 30 April 2004 - Mesdaq-listed
company KarenSoft Technology Berhad and
Simaye Sharif, an Iranian information
and communication technology company has
signed a Memorandum of Understanding (MoU)
to market KarenSoft ERP2 system in the
Islamic Republic of Iran. KarenSoft was
represented by its Executive Chairman
/ Chief Executive Officer, Mr Chee Chong
Hwa while Simaye Sharif Director, Mr.
F. Kakavand signed on behalf of the company.
The MOU is to formalize the joining of
forces for the development and marketing
of KarenSoft ERP2 product to the Iranian
market.
Chee said, "This collaboration between
KarenSoft and Simaye Sharif will bring
tremendous benefits in our joint effort
to promote application technologies particularly
to the more than 1,600 local enterprises
in the Islamic Republic of Iran." He added
that the signing of the MOU was timely
as the Middle East is part of KarenSoft's
overseas expansion plans.
Mr. Kakavand said "Simaye Sharif is targeting
RM2.5 million sales over the next twelve
months from the estimated 1,600 local
enterprises with a staff force of over
100 employees. This means that there is
a ready market of approximately RM 300
Million for the KarenSoft ERP2 system
in Iran."
The MOU signing is a follow-up to the
March 30th visit to KarenSoft, Penang
by an Iranian delegation headed by Mr
.B Ghabari, Deputy Minister of IT & Planning
in the Ministry of Communication of the
Islamic Republic Iran.
Simaye Sharif is an Iranian Company that
has expertise in areas of Information
& Communications Technology in terms of
analysis, processing and performance management
systems, software engineering, enterprise
network solutions and e-Government
KarenSoft Technology Berhad, a MSC-Status
Company 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,
KarenSoft 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:
Mr. Chee Chong Hwa, CA(M), CPA
Executive Chairman / Chief Executive Officer
KarenSoft Technology Berhad
MSC-Status Company
Listed on KLSE Mesdaq Market (Stock Code:
0014/KRNSOFT)
Mobile: 012-4890605
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