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Friday, 24 June 2016, 17:32 HKT/SGT

Source: Ahsay Backup Software Development Company Limited
Ahsay and Korea-based HM SYSTEMS Sign Distribution Agreement
To Tap Enormous Market Potential in Korea

HONG KONG, June 24, 2016 - (ACN Newswire) - Ahsay Backup Software Development Company Limited ("Ahsay" or the "Group;" stock code: 8290), the largest backup software provider in Hong Kong, has announced that its wholly-owned subsidiary Ahsay Systems Corporation Limited ("Ahsay HK") and HM SYSTEMS CO., LTD. ("HM SYSTEMS"), a company incorporated in Korea, have signed a distribution agreement. HM SYSTEMS is an information technology company in Korea. Through the cooperation, Ahsay can more effectively expand its distribution channels in Korea.

Under the distribution agreement, Ahsay HK has granted HM SYSTEMS an exclusive license to distribute, sell and deliver certain backup software products (the "Products") under the trademarks and trade names of Ahsay HK as its distributor in Korea. The cost of all returns from customers and all after-sales support services relating to the Products is to be borne by HM SYSTEMS unless otherwise specified.

According to Business Demography Statistics in 2014, the number of active enterprises in Korea was 5.56 million, an increase of 3.4% from 2013. The number of workers in active enterprises reached 18.4 million persons in 2014. Thus, there is a huge potential customer base in the Korea market. As Ahsay backup software solutions support many languages, including Korean and English, the products could efficiently support Korean users. This distribution agreement provides opportunities for Ahsay to tap the tremendous market potential there.

Mr. Schubert Chong, Chief Executive Officer and Executive Director of Ahsay Backup Software Development Company Limited, said, "Currently, the Group mainly conducts customer sales through our sales websites. We intend to expand our business by arranging additional distribution channels for our products to customers. The partnership enables the Group to actively reach potential clients in Korea's enormous market through HM SYSTEMS. Recently, we have been strategically expanding our market share in Asia Pacific. In April 2016, Ahsay HK has signed a distribution agreement with eSTORAGE Technology Corp., a company incorporated in Taiwan. Through this cooperation, we provide our backup software products to the Taiwan market. In the future, we will continue to look for potential partners and expand distribution channels, thereby extending our scale of business in Asia Pacific."

About Ahsay Backup Software Development Company Limited

Ahsay Backup Software Development Company Limited has been listed on the GEM Board of The Stock Exchange of Hong Kong Limited on 8 October 2015. With headquarters in Hong Kong, Ahsay, as an online backup software developer is mainly engaged in (i) software license sales, (ii) software license leasing, (iii) software upgrades and maintenance services, (iv) other services, and (v) sale of hardware devices. Ahsay focuses on providing its self-developed backup software products and service to customers which include IT consultants, web hosting companies, telecommunication companies and managed service providers ("MSPs") in Europe and North America. According to the Frost & Sullivan Report, the Group is accredited as the market leader in online backup software solutions for SMEs around the world, and based on the revenue in 2014, it was also the largest backup software provider in Hong Kong. For more information about the Group, please visit:

Strategic Financial Relations Limited
Keris Leung   Tel: +852 2864 4863 / +852 9606 4047  [email protected]
Cherry Lam    Tel: +852 2114 4320 / +852 9255 3021  [email protected]

June 24, 2016 17:32 HKT/SGT
Source: Ahsay Backup Software Development Company Limited

Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

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Ahsay Backup Software Development Company Limited and HM SYSTEMS CO., LTD jointly expand in Korea's Backup Software Market.
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