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.
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:
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).