The Memorandum of Outstanding (MOU) of Powerise & Microsoft Business Solution Cooperation was signed on Oct. 21th, 2004. Both parties will conduct in-depth cooperation in the products, technologies, services, trainings and consulting. Microsoft will provide Powerise with MBS platform products, .net technology and products, and technology support. Powerise will provide Microsoft with MBS localization, project customerlization, customer training, customer consulting and services. A substantial progress with this cooperation has been achieved since two companies became the global strategy alliance partners on April 19th.

Leaders from the Government of Hunan, Department of Science and Technology, Department of Information Industry, and Government of ChangSha and the Governing Council of Development District joined in this ceremony and extended their congratulations. Mr. Cheng YongZheng, the vice president and primary executive officer of Microsoft in the great Chinese District, and Mr. Lin Huichun, the president of Powerise information technology Ltd. attended the signing ceremony.

On April 19th, 2004, both parties signed the MOU of global strategy alliance partners in Beijing and built a global strategy cooperation relationship. This cooperation has caught lots of attention from the world since the MOU was signed. This signing ceremony demonstrates that a substantial progress has been reached.

Mr. Zhou BoHua, the governor of Hunan, stated: “this cooperation has been fit the mutual interests and helpful in the healthy development of information industry.” He was glad to know that Powerise’s internationalization progress became faster. He also greatly favored the exploration of Chinese market by Microsoft. He believed that the cooperation has entered into a positive operation stage, which will play an example role in the tremendous development.

Mr. Cheng Yongzheng indicated that Microsoft would like to strengthen this kind of cooperation with allies and help domestic clients to explore the potential of IT application and reach more business values. Not only would more solutions be provided for enterprise customers in the computer area by the Powerise & Microsoft cooperation, but also it would help domestic enterprises enter into wider-open international market through in-depth cooperation.

Mr. Lin HuiChun indicated that this signing specifically demonstrated Powerise’s four internationalization aspects, talents internationalization, technology internationalization, management internationalization and market internationalization. Today, the Powerise & Microsoft cooperation would be beneficial in understanding local enterprises’ needs, and then provide application solutions based on global platform technologies. He believed that it will create a positive impact on the development of software industry and the construction of industry informationlization and enterprise informationlization in China.

It has been a consecutive and friendly cooperation between Microsoft and Powerise in the different levels and ways. In 1998, a full operation was started in Powerise & Microsoft Training Center. In 2003, Powerise had a close cooperation in the software exploration and production with Microsoft. Recently, Microsoft founded a training center in Hunan and provided comprehensive trainings and solutions based on Microsoft .Net platform for Powersie and its cooperation partners.