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China TransInfo Announces Visit by Beijing Municipal Government Leaders

2011-04-20 19:51 2267

BEIJING, April 20, 2011 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp. (NASDAQ: CTFO) ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation solutions ("ITS") in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today announced that Mr. Liu Qi, Secretary of the CPC Beijing Municipal Committee and Mr. Guo Jinlong, Mayor of Beijing Municipal Government, together with other top Beijing municipal government leaders, visited China TransInfo's Beijing headquarters on April 16, 2011. The Company presented its ITS business development and proposed a plan aimed at mitigating traffic jam in the city of Beijing.


Mr. Liu, Mr. Guo and the government delegation subsequently were given a tour of the Company's headquarters. They expressed their desire to accelerate the implementation of the company's ITS and national commercial vehicle LBS application and services in the Beijing market. Mr. Liu expressed his support of the national commercial vehicle LBS business and his confidence in the Company's future development. Furthermore, he expressed his hope that the Company will continue to contribute to the ITS industry in Beijing through its recently announced leadership position as Director-General of the Zhongguancun Intelligent Transportation Industry Association.

The report of the visit was covered by Beijing TV and can be accessed via the following link (the video coverage of the China TransInfo report takes place from 02:37 through 03:51): http://space.btv.com.cn/video/VIDE1302956852274262.

"We are honored that Mr. Liu Qi and other Beijing government leaders took the time to visit our Company," said Mr. Shudong Xia, Chairman and Chief Executive Officer of China TransInfo.  "During their visit, they showed a keen interest in our commercial vehicle LBS business and expressed their support for the Company's management team, employees, and future development.  We are pleased to have this opportunity to demonstrate our technology and solutions to these important officials and believe their support will further strengthen China TransInfo's leading position in the industry."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest real time transportation information service provider and major commercial vehicles service provider in China. As the co-formulator of several transportation technology \national standards, the Company owns five patents and has won a majority of the model cases awarded by the PRC Ministry of Transportation. As a result, the Company is playing a key role in setting the standards for transportation information solutions in China. For more information, please visit the Company's website at http://www.chinatransinfo.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Company Contact:

 

Investor Relations Contact:

 

 

Ms. Fan Zhou, Investor Relations Director

 

Mr. Athan Dounis

 

 

China TransInfo Technology Corp

 

CCG Investor Relations

 

 

Email: ir@ctfo.com

 

Email: athan.dounis@ccgir.com

 

 

Tel+86-10–5169-1657  

 

Tel: +1-646-213-1916

 

 

 

 




Source: China TransInfo Technology Corp.
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