Byte Power Group Limited (BPG) is pleased to announce a further development to its partnership with Chongqing Sanxia Books and Periodical Media Co. Limited (“Sanxia”).
Byte Power (Chongqing) Info Tech Limited (“Byte Power Chongqing”) has entered into a further agreement with Sanxia today (28 September 2010) to co-operate on the deployment of ATMs and Information Terminals for potential local and foreign financial institutions. The cooperation will see Byte Power Chongqing and Sanxia working with the respective financial institutions to seek required regulatory approvals and the actual installation of ATMs and the other related services.
Through this new co-operation, Byte Power Chongqing will be able to take its e-kiosks partnership with Sanxia to a new level. The new agreement will allow Sanxia’s current 300 outlets, as well as any newly installed outlets, to provide various online services, such as bill payments, hotel bookings, domestic and international airline bookings to the population of Chongqing, currently 32 million people.
A secondary benefit to Byte Power is the rolling out of Computer Terminals which can also be used as an information and marketing platform for international and local businesses to market their products and services to the consumers of Chongqing. This online platform will allow us to target businesses who would like to penetrate the expanding market offered by Chongqing city in an effective manner. Byte Power is already in discussions with companies wishing to use this important marketing medium and will make further announcements when negotiations have reached an appropriate stage.
This new agreement demonstrates the strength of the partnership between Sanxia and Byte Power Chongqing and the Group remains committed to growing this partnership to the benefit of both companies.