BEIJING, May 5 /PRNewswire-Asia/ -- China TransInfo Technology Corp., (Nasdaq: CTFO), ("China TransInfo" or the "Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that it will hold its 2009 Annual Shareholder Meeting (the "Annual Meeting") at 9:00 am (Beijing Time), on May 29, 2009 at the Company's headquarters at Room 717, E-wing center, No. 113 Zhichunlu, Haidian District, Beijing, PRC 100086.
At the Annual Meeting the following proposals will be submitted for shareholders' approval:
1) electing seven directors to the Board of Directors of the Company;
2) ratifying the appointment of Simon & Edward, LLP as the Company's
independent registered public accounting firm for the fiscal year
ending December 31, 2009;
3) approving the Company's 2009 Equity Incentive Plan; and
4) transacting any other business that may properly come before the
Meeting
For details regarding proposals before the Company's shareholders at the Annual Meeting, see the Company's proxy statement filed with the Securities and Exchange Commission on April 30, 2009.
Shareholders of record as of May 1, 2009 will be entitled to notice and to vote at the Annual Meeting. A notice of meeting and proxy materials will be mailed to the shareholders in early May.
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 transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city, land and resource filling system based on GIS technologies which is used to service the public sector. In addition, the Company is developing its transportation system to include ETC technology. As the co-formulator to several transportation technology national standards, the Company has software copyrights for to 75 software products and has won 5 of 10 model cases sponsored by PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electronic transportation information solutions. For more information please visit the Company website at 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:
Ms. Fan Zhou, Investor Relations Director
China TransInfo Technology Corp
Tel: + 86 10 8267 1299 - 8033
Email: ir@ctfo.com
Investor Relations Contact:
Mr. Crocker Coulson, President
Email: crocker.coulson@ccgir.com
Tel: +1-646-213-1915 (NY office)
Graham Reed, Financial Writer
Email: graham.reed@ccgir.com
Tel: +1-646-213-1907
CCG Investor Relations
Website: www.ccgirasia.com
