Jingwei International Preliminary Results for FY 2009

Net revenue for Q4 2009 is expected to increase about 50% from Q3 2009.

SHENZHEN, China, March 5 /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (OTC Bulletin Board: JNGW; "Jingwei" or the "Company"), one of the leading providers of data mining and interactive marketing services in China, today announced unaudited preliminary financial results for the fourth quarter of 2009 and for the year ended December 31, 2009. The Company will release full financial results when filing its Form 10-K on or before March 31, 2010.

Net revenue for Q4 2009 is expected to increase to between $13.2 to $13.5 million from $8.8 million in Q3 2009, or 50%-53% growth.
Net income for Q4 2009 is expected to increase to between $2.8 and $3.3 million from $1.46 million in Q3 2009, an increase of over 90%.
Cash and cash equivalents at the end of 2009 is expected to be approximately $10.2 million compared to $5.5 million at the end of 2008.

Rick Luk, Chief Executive Officer of Jingwei International stated, "We are pleased to have regained momentum with the continuing improvement of revenue and overall performance in the fourth quarter and second half of 2009 compared to the first half of the year. Our continued efforts in working capital management resulted in great improvement in free cash flow as well as the balance of cash and cash equivalents. Based on the results, we believe management actions undertaken in the second half of the year continued to be on track; and we expect this momentum to continue into 2010 as the Chinese and global economies continue to recover.

The above results are subject to the completion of the company's annual audit.

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