Company Logo Monday, December 06, 2010

Coreworx and International Trading (Hong Kong) Group Limited Partner to Serve China’s Growing Demand for Capital Project Management Solutions

Alliance brings proven Project Information & Cost Control solution to China, where many of the largest Capital Projects in the world are underway.

Kitchener, ON, Canada and Beijing, China (December 6, 2010) –Coreworx Inc., a leading provider of project information and cost control software used globally to manage major capital project execution risk, today announced its recent partnership with International Trading (Hong Kong) Group Limited (ITHK). ITHK is a leading provider of IT and equipment to major Chinese companies in the oil and gas, mining, and energy industries, with headquarters in Bejing.

ITHK’s extensive knowledge and experience with China’s exploding Capital Projects and energy markets is an ideal complement to Coreworx’ proven solutions for managing the execution and costs of very large capital projects. The agreement names ITHK as the exclusive reseller of Coreworx’ solutions for China in all markets with the exception of the Nuclear Power segment.

“We are very pleased to welcome Coreworx to China and many of our long time customers have already expressed strong interest in the Coreworx solution,” said Mr. Yi Qin Zhang, President of ITHK. “We are confident that the synergy between ITHK and Coreworx will result in a long term partnership, and that we will implement Coreworx into many current and future capital projects in China.”

"We believe, that our ability to help capital projects succeed on-time and on-budget, will be a great asset to the capital projects in China, where some of the largest projects in the world are currently underway." said Ray Simonson, CEO of Coreworx Inc. "It is imperative to us at Coreworx to have a Chinese partner with a long history of success in China to ensure that our future Chinese customers can maximize their success with Capital Projects and finish even more projects on-time and under budget."

About ITHK

ITHK is a national IT and equipment company that serves Chinese companies in the Oil and Gas, mining and energy sectors. They offer their customers a full range of services such as providing solutions to system implementation and introducing them to the most advanced technology in the world.  ITHK has extensive client groups and has established long term relationship with them over the past 15 years.

About Coreworx

Coreworx Inc. provides integrated project information and cost control solutions for large capital projects in the oil & gas, power and mining sectors. The Coreworx solution is a proven web-based enterprise software system that enables engineering and construction contractors and owner/operators to automate best practices, mitigate business risks and improve performance to budget throughout the entire project lifecycle. Coreworx services a portfolio of projects valued at over $500 billion across more than 50 countries, on more than 500 capital projects with nearly 70,000 users. Coreworx has offices in Houston, Baton Rouge, Calgary, Victoria (Australia) and Waterloo. For more information, visit www.coreworx.com.

linkback: http://www.coreworxinc.com/news-and-events/news/ithk-partnership/

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