BURNABY, BC, July 30 /CNW/ - Nicer Canada Corp. is pleased to announce
that Jmars Information Technology Co, Ltd. ("JMIT") has entered into logistic
information solution purchase agreements with Shanghai Modern Logistics
Investment and Development Co., Ltd., a subsidiary of Shanghai Bailian Group
Co., Ltd. (the "Bailian Group", Shanghai Stock Exchange stock code: 600631).
Shanghai Modern Logistics Investment and Development Co., Ltd. is the
principal logistics operations company under the Bailian Group. According to
the development strategies of the Bailian Group, Shanghai Modern Logistics
Investment and Development Co., Ltd. will serve as the principal logistics
operation service provider to the various retail operations of the Bailian
Group upon the Bailian Group's consolidation of its retail businesses.
Shanghai Modern Logistics Investment and Development Co., Ltd. will implement
JMIT's comprehensive logistics information management solution and adopt it as
the total information management solution for Shanghai Modern Logistics
Investment and Development Co., Ltd. and the logistics operation bases
belonging to it.
In addition to the current two logistics and commercial warehousing
operations for which the Bailian Group has purchased JMIT solution, there are
seven other logistics operation bases within the Bailian Group that will
potentially benefit from the implementation of JMIT's software systems.
On June 12, 2008, Nicer signed an agreement with the principal of JMIT to
purchase 66.67% of JMIT (the "Acquisition"). Nicer received conditional
acceptance of the Acquisition from the TSX Venture Exchange on July 3, 2008.
However, completion of the Acquisition is still subject to a number of
conditions, including but not limited to, final acceptance by the TSX Venture
Exchange. There can be no assurance that the Acquisition will be completed as
proposed or at all.
The TSX Venture Exchange has in no way passed upon the merits of the
proposed Acquisition and has neither approved nor disapproved the contents of
this press release.
About Nicer Canada
Since the Company's founding in 1994, Nicer Canada has developed
industry-leading expertise in delivering wired and wireless Internet Protocol
(IP) voice and data solutions to customers worldwide. The Company's technical
foundations were laid by a RFID (Radio Frequency Identification) technology
company in China. Nicer Canada Corp. expanded into integration information
systems based on global positioning and patented RFID technologies.
Headquartered in Burnaby, British Columbia, Canada, Nicer Canada Corp. became
a publicly-traded company in 2003, listing on the TSX Venture Exchange under
the symbol "NC".
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This press release was prepared by management who takes full
responsibility for its contents. The TSX Venture Exchange neither
approves nor disapproves of this news release.
For further information:
For further information: visit the website at www.nicertech.com; or
contact: Nicer Canada Corporation: Anne H. Chen, COO and CFO, Tel: (604)
299-2385 ext. 118, Email: firstname.lastname@example.org; CHF Investors Relations: Barry
Leung, Director of Business Development, China, Tel: (416) 868-1079 ext. 247,
Email: email@example.com; Jeanny So, Director of Operations, Tel: (416) 868-1079
ext. 225, Email: firstname.lastname@example.org