Winners of ITSingapore SME Awards 2000

Singapore, 26 May 2000 -- ITSingapore magazine, published by the Newscom Group, announced the five winners ofthe ITSingapore Small Medium Enterprises (SME) Awards 2000. Guest-of-Honor, Mr.

Singapore, 26 May 2000 -- ITSingapore magazine, published by the Newscom Group, announced the five winners of the ITSingapore Small Medium Enterprises (SME) Awards 2000.

Guest-of-Honor, Mr. Derek Goh, Founding President and CEO of Serial System Ltd; and President of the Association of Small and Medium Enterprises (ASME) gave away the top awards at an awards ceremony held at the Singapore International Exhibition and Convention Centre.

The five winning companies were selected from a pool of 10 finalists. They come from a range of industries including a law firm, a design solution provider, two manufacturers, and a distributor. Their staff strength range from 19 to 156 with revenues spanning from S$7.2 million to S$31.2 million. They are:

  • Colin Ng and partners
  • Future Techno Designs Pte Ltd
  • Pan Abrasives (Pte) Ltd
  • Precision Valve Singapore Pte Ltd
  • Region Suppliers (Pte) Ltd

    The ITSingapore SME Awards 2000 aims to recognize dynamic local enterprises, which have used IT to their business advantage. The awards which are supported by ASME, Ernst & Young, the Infocomm Development Authority (IDA) and the National University of Singapore (NUS), are the only one of its kind here for local enterprises.

    Unlike other awards, which delve into the company's bottom line, the ITSingapore SME Awards specifically examines the SME's use of IT to aid its profit margins, reduce cost and increase productivity. This award also serves to acknowledge SMEs which shine in their IT implementation and vision across different vertical industry segments.

    Criteria
    A panel of judges from the ASME, Ernst & Young, IDA, NUS and the Newscom Group selected the five winning companies. The companies were selected based on:

  • IT vision
  • Current IT implementation
  • Innovative aspects of their current IT implementation
  • New business directions for the company
  • Proportion of revenues spent on IT
  • Total number of staff who use IT
  • Company revenue and profits

    Objectives of the award
    Acknowledge the achievement of local enterprises in their economic contribution to Singapore, and in their business goals across different industries through the effective application of information Technology

    Share the success formula of such companies with other local enterprises

    Provide dynamic SMEs with an opportunity to meet and network

    About ITSingapore
    First published in 1989, ITSingapore is a well established IT publication that focuses on the needs of small-and medium-sized companies. This monthly magazine offers a platform for SMEs to share their IT experiences and for vendors to reach out to SMEs with systems specially designed for this market. More information on ITSingapore is available at http://its.newscom-asia.com.

    About Newscom Group
    The Newscom Group is the largest independent IT publishing house in Asia. It comprises Newscom Private Limited in Singapore (established in 1987), Newsources Investments Limited in Hong Kong (1987), and Newsteam Sendirian Berhad in Malaysia (1993). The Group currently publishes three regional titles (ITAsia, PCWeek Asia, and Channels Asia); two local titles (ITSingapore, and ITMalaysia); and an online publication (Webnewz). The Group has acquired Creative imedia.com Pte Ltd who publishes Exhibitions & Events Asia, and E-Tech (Entertainment Technology).
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