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China Information Security Technology, Inc. Management Presided Over Closing Bell at NASDAQ



SHENZHEN, China, May 27 /Xinhua-PRNewswire-FirstCall/ -- China Information Security Technology, Inc., (Nasdaq: CPBY) (“China Information Security”, “CIST” or the “Company”), a leading provider of Information Security and 3S (Geographic Information System -- GIS, Global Positioning System -- GPS and Remote Sensing -- RS) services in China, today announced that the Company’s executive management presided over the closing bell at the NASDAQ MarketSite in New York City’s Times Square on Friday, May 23, 2008 to celebrate the Company’s listing on the NASDAQ Global Select Market.

China Information Security’s Chairman and CEO, Mr. Jiang Huai Lin, along with key members of senior management, NASDAQ executives and members of the investment community participated in the ceremony.

“This was a tremendous honor for us as well as a great reward for our shareholders,” commented Mr. Jiang Huai Lin, CEO of China Information Security. “We look forward to the many opportunities ahead of us as we consolidate the information security market in China. This listing on NASDAQ should provide our shareholders with greater visibility among the investment community and enable a lower cost of capital.”

About China Information Security Technology, Inc.

Through its wholly-owned Chinese subsidiary, China Information Security is focused on the development and implementation of large scale, high-tech information security and 3S (“Geographic Information System -- GIS, Global Positioning System -- GPS and Remote Sensing -- RS”) related projects. The Company provides a broad portfolio of fully integrated solutions and services, including Information Security (First Responder Coordination Platform, Intelligent Border Control System and Residence Card Information Management System), 3S (GIS, GPS and RS), and Product Sales and Services. Through its exclusive contractual arrangement with iASPEC Software Company Limited (iASPEC), China Information Security has the licenses to numerous registered and copyrighted software applications in China. In addition, iASPEC is considered the Company’s variable interest entity, and its financial data and information is consolidated into the Company’s accounts. To learn more about the Company, please visit the corporate website at http://www.chinacpby.com .

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other 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 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. Investors 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.

For more information, please contact:

Company Contact:

Mr. Michael Lin

Vice President, Investor Relations

China Information Security Technology, Inc.

Tel: +1-949-743-0868

Email: mlin@cistchina.com

Investor Relations Contact:

Mr. Crocker Coulson

President

CCG Elite Investor Relations

Tel: +1-646-213-1915 (NY office)

Email: crocker.coulson@ccgir.com

Web: http://www.ccgelite.com

Source: China Information Security Technology, Inc.
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