FIRST NINE MONTHS NET INCOME INCREASED 75% TO $7.7M

SHENZHEN, China, Nov.10 /Xinhua-PRNewswire-FirstCall/ -- Jingwei International Limited (OTC Bulletin Board: JNGW )("Jingwei"), one of the leading providers of data mining and customer relationship marketing services in China, today announced financial results for the three month and nine month periods ended September 30, 2008. The Company plans to file its Quarterly Report on Form 10-Q with the US Securities and Exchange Commission on Friday November 14, 2008.

Recent Financial Highlights

• Net income increased 75% to $7.7 million in the first nine months of 2008 compared to the same period last year
• Revenue in the first nine months of 2008 increased 53% to $23.1 million compared to the same period last year
• Gross margin in the first nine months of 2008 was 52% compared to 42% in the same period last year
• Third quarter 2008 net income increased 46% to $1.9 million compared to the third quarter last year

Regis Kwong, Chief Executive Officer of Jingwei stated, ” I am extremely pleased with the financial results for our third quarter and the first nine months. The robust growth of our business reflects the continued strong demands for our integrated marketing services and we are reaping the investment we have put into data mining technologies. Especially with this challenging economic environment, our customers are looking to leverage Jingwei’s targeted marketing approach to maximize their ROI.”

Highlights of Three Months Ended September 30, 2008

• Revenue maintains aggressive growth trend, up 64% reaching $8.6 million compared with the same period of 2007
• Datamining segment contributes $6.0 million or 70 percent of total revenue and software segment brings in $2.6 million or 30 percent
• Gross margin drops slightly, down 6% reaching 40% compared with the same period of 2007
• Datamining segment contributes $2.4 million or 71 percent of total gross profit and software segment brings in $1.0 million or 29 percent
• Net margin remains relatively stable, down 3% reaching 22% compared with the same period of 2007
• Datamining segment contributes $1.3 million or 71 percent of total net income and software segment brings in $0.6 million or 29 percent
• Diluted EPS is up $0.03, reaching $0.11 for third quarter of 2008, compared with the same period of 2007

Highlights of Nine Months Ended September 30, 2008

1. Revenue continues strong growth, up 53% reaching $23.1 million compared with the same period of 2007
2. Datamining segment contributes $15.6 million or 68 percent of total revenue and software segment brings in $7.5 million or 32 percent
3. Gross margin improves, up 10% reaching 52% compared with the same period of 2007
4. Datamining segment contributes $7.8 million or 65 percent of total gross profit and software segment brings in $4.3 million or 35 percent
5. Net margin is up 4% reaching 33% compared with the same period of 2007;
6. Datamining segment contributes $4.9 million or 63 percent of total net income and software segment brings in $2.8 million or 37 percent ;
7. Fully diluted EPS demonstrates higher returns to shareholders, up $0.16 reaching $0.45 compared with the same period of 2007.

Balance Sheet

As of September 30, 2008, the Company had $7.1 million of cash on hand and had no long term debt.

Business Update

Subject to the effects of the global economic recession, Jingwei anticipates that its business will continue to grow in the next three to five years, and that the growth will be driven by demands from corporate clients for its integrated marketing services to reach the consumers with increasing spending power fueled by the government’s policy to stimulate internal consumption.

Amid global financial crisis, China’s exports have declined significantly. The government has implemented stimulus measures such as lower interest rates and encouraging banking for consumers to help increase consumer spending. Companies are eager to get their share of this increased consumer consumption. Jingwei is best positioned to target the focused consumers of international brands as well as local companies and provide an attractive cost effective model to reach target audiences. This trend is reflected in the increase of Jingwei’s data mining segment to account for 68% of total revenues for the first nine months of 2008.

In order to take advantages of this trend and to solidify its leadership in integrated marketing, Jingwei decided to cease negotiations to acquire the Red Flag Outdoor Advertising business and intends to focus on discrete data mining and marketing projects going forward less capital intensive requirements.
Another trend that impacts our business is the consolidation in the Telecom industry as well as the addition of new 3G services in China. As the telecom operators are in the final process of completing their restructurings, Jingwei experienced increase in software orders during the third quarter of 2008.

About Jingwei International Limited

Jingwei International Limited ("Jingwei") is a leading integrated marketing company in the fast growing Chinese market. The Company specializes in data mining and customer relationship marketing services in China. Powered by advanced data mining technology and a proprietary database of over 300 million Chinese consumers, Jingwei enables leading Chinese companies as well as international brands to reach their target audiences. The Company's services include market segmentation, customer trend, revenue analysis and direct marketing. Jingwei is evolving into an integrated marketing service provider with targeted campaigns via multi media channels including: interactive mobile, telemarketing, direct mail and new media. For more information, please visit the Company's web site: http://www.jingweicom.com.

Safe Harbor Statement

Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

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