SHENZHEN, China, Jan. 11 /Xinhua-PRNewswire/ -- Irish Mag Inc.
(OTC Bulletin Board: IRHM), (proposed new name China Public Security
Technology Inc. (the "Company")), a leading provider of real-time Geographic
Information System (GIS) in China, today announced that the Company's wholly
owned subsidiary, Bo Hai Wen Technology (Shenzhen) Co., Ltd. ("Brosea") is
expecting to complete three key government contracts amounted USD 10 million
within the second quarter of 2007.
In November 2006, Brosea won three key government contracts named
'Shenzhen Immigration Check Information System', 'Hong Kong & Macao Residents
I.D. Card Auto Check System' and 'Immigration Automobile Auto Check
Information System' offered by Shenzhen Immigration Bureau of P.R.China.
Shenzhen Immigration Check Information System project amounted
USD 1 million, is designed to manage the information of visitors and
automobiles crossing the border. The checking at the immigration checkpoint
information includes visitor's bio features such as fingerprint and facial
recognition. Upon completion, this system provides strong data support for
boarder control and expedites the immigration check process to a great extent.
Hong Kong & Macao Residents I.D. Card Auto Check System, amounted USD 6.6
million, allows residents of Hong Kong & Macao region to cross the immigration
checkpoints with only automatic process by matching the fingerprint and facial
recognition. This system is capable of reading I.D. Cards automatically
without complicated procedure, such as stamping and filling out the
immigration form. This system dramatically improves the efficiency of
immigration check and reduces the average time for each person to cross the
custom to 5-10 seconds. It effectively solves the problem of peak-hour
immigration check traffic. This system embeds various bio characters
recognition technology, dynamic detecting technology, automatic switching gate
technology etc.
Immigration Automobile Auto Check Information System project is totaled at
USD 2.4 million. By implementing the proprietary license recognition
technology with bio feature matching technology, this system enables
authorized vehicles to cross the border without human interference.
These public security systems represent the top tier technology in the
world. The systems can be extended to be used for border control and
immigration check on mainland China citizens, tourists and foreign visitors.
At the present stage, Brosea has completed design of these systems and is in
phase of integration testing. The final roll out is expected in the second
quarter of 2007. It will be installed at Shenzhen Bay port and Futian port
and for the ceremony of the 10th year anniversary of Hong Kong's return to
China. Shenzhen Bay port will become the largest commercial port in China and
Futian port will be the largest enter port. The daily traffic capacity for
Shenzhen Bay is exceeding 58,000 cars plus 60,000 individual visitors. The
Management expects that similar systems will be installed in other ports and
customs in many cities throughout China.
Mr. Jiang Huai Lin, President and CEO of Irish Mag commented, "We are
pleased to report these new wins for our security system product offerings.
Between Shenzhen and Hong Kong, there are over 17 million populations. Every
month, there are millions of people crossing the border. With the rising
attention to the home land security, we look forward to leveraging our strong
capabilities in software engineering, system design, database management and
public security surveillance to strengthen the border control and traffic
management."
About Irish Mag Inc. (proposed new name China Public Security Technology
Inc.)
Irish Mag Inc. is a leading real-time Geographic Information System (GIS)
solution provider in China. The company provides system design and database
management for Police use GIS, Civil use GIS and other security related
products. Irish Mag's key customers include Guangdong Province Police Bureau,
Shenzhen City Public Security Bureau, China Mobile Shenzhen Division, Shenzhen
Urban Planning Bureau, Shenzhen Immigration Bureau of P.R.C. and Shenzhen Fire
Department etc. To learn more about Irish Mag Inc., please visit the corporate
website at http://www.chinapsh.com .
Safe Harbor Statement
This press release contains certain statements that may include "forward
looking statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical fact included
herein are "forward-looking statements" including statements regarding Irish
Mag Inc. and its subsidiary company business strategy, plans and objective and
statements of non-historical information. 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 Irish Mag Inc. 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. Irish Mag
Inc.'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 Irish Mag Inc.'s periodic reports that are filed with and
available from the Securities and Exchange Commission. All forward-looking
statements attributable to Irish Mag Inc. or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than as required
under the securities laws, Irish Mag Inc. does not assume a duty to update
these forward-looking statements.
For more information, please contact:
Michael Lin
Investor Relations
Irish Mag, Inc.
Tel: (949) 929-0601
Email: mlin@chinapsh.com
Dixon Chen
The Global Consulting Group
Tel: (646) 284-9403
Email: dchen@hfgcg.com
