BEIJING, March 21, 2011 (GLOBE NEWSWIRE) -- eFuture Information
Technology Inc. (Nasdaq:EFUT) (the "Company"or "eFuture"), a leading
provider of software and services in China's rapidly growing retail and
consumer goods industries, today announced the sale of its 51% stake in
Beijing Wangku Hutong Information Technology Co., Ltd. ("Wangku"), a
business-to-business ("B2B") service provider in China, to Mr. Haibo
Wang, Chief Executive Officer and founder of Wangku, for RMB6 million
to be paid in cash.

An independent third party has assessed the current fair market value
of Wangku at approximately RMB10 million as of December 31, 2010 and
the 51% stake owned by eFuture at approximately RMB5 million. The sale
of its interest in Wangku is both a strategically and financially
prudent transaction for eFuture. Looking ahead, management believes
that focusing on the core software business and fast-growing
professional services business will enable eFuture to deliver higher
and more consistent returns over the long term. Taking this into
consideration, the Company's Board has approved the sale of its
interest for RMB6 million to Mr. Wang.

About eFuture Information Technology Inc.

eFuture Information Technology Inc. (Nasdaq:EFUT) is a leading provider
of software and services in China's rapidly growing retail and consumer
goods industries. eFuture provides integrated software and services to
manufacturers, distributors, wholesalers, logistics companies and
retailers in China's front-end supply chain (from factory to consumer)
market, especially in the retail and fast moving consumer goods
industries. For more information about eFuture, please visit
http://www.e-future.com.cn.

Safe Harbor

This announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates"
and similar statements. Among other things, 2011 financial outlook and
quotations from management in this announcement, as well as strategic
and operational plans, contain forward-looking statements. eFuture may
also make written or oral forward-looking statements in periodic
reports to the Securities and Exchange Commission (the "SEC"), in its
annual report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to second parties. Statements that are not historical facts,
including statements about the Company's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve inherent
risks and uncertainties. A number of factors could cause actual results
to differ materially from those contained in any forward-looking
statement, including but not limited to the following: eFuture's
anticipated growth strategies; eFuture's future business development,
results of operations and financial condition; expected changes in the
Company's revenue and certain cost or expense items; eFuture's ability
to attract customers and leverage its brand; trends and competition in
the software industry; the Company's ability to control expenses and
maintain profit margins; the Company's ability to hire, train and
retain qualified managerial and other employees; the Company's ability
to develop new software and pilot new business models at desirable
locations in a timely and cost-effective manner; the performance of
third parties under contracts with the Company; the expected growth of
the Chinese economy software market in retail and consumer goods
industries; and Chinese governmental policies relating to private
managers and operators of software and applicable tax rates.

Further information regarding these and other risks is included in
eFuture's annual report on Form 20-F and other documents filed with the
SEC. All information provided in this press release and in the
attachments is as of March 21, 2011, and the Company undertakes no duty
to update such information or any other forward-looking information,
except as required under applicable law.


CONTACT: Investor Contact:
         Troe Wen, Company Secretary
         eFuture Information Technology Inc.
         +86 10 5293 7699
         ir@e-future.com.cn
         
         Investor Relations (US):
         Kelly Gawlik
         Taylor Rafferty
         +1 212 889 4350
         eFuture@Taylor-Rafferty.com
         
         Investor Relations (HK):
         Mahmoud Siddig
         Taylor Rafferty
         +852 3196 3712
         eFuture@Taylor-Rafferty.com