SHENZHEN, China, May 24 /Xinhua-PRNewswire-FirstCall/ -- China Public
Security Technology, Inc. (OTC Bulletin Board: CPBY.OB), a leading provider of
public security information technology and Geographic Information Systems
("GIS") software services and the first Chinese public security information
technology company to be listed in the U.S. market, today announced Roth China
Innovation Discovery Tour's visit to China Public Security's headquarters in
Shenzhen, China ("PRC"), held on May 17, 2007, was very successful.
On May 17, 2007, the Company welcomed about 40 investors who joined the
Roth China Financing Innovation Discovery Tour. In order to provide a deeper
understanding of China Public Security's public security information
technology solutions, the Company arranged site visits for its PGIS and First
Responder Coordination Platform implemented for the Shenzhen Police Bureau.
Through this visit, investors were able to get more familiar with the
Company's technology, and how it helps police to effectively manage and
control cameras and hardware installed on roads and highways. In addition,
investors were also able to visit and evaluate the Automated Check System and
Automated Vehicle Check System built in the Shenzhen Bay Port. The Company's
Intelligent Border Control System stores biometric information such as
fingerprints and facial features from passengers in a database, and integrates
it with infrared and license plate recognition technologies to enable the
automation of border control checkpoints for faster and more accurate
processing of passengers, while at the same time helping to safeguard borders
from stowaway activities, and greatly improving overall efficiency and
effectiveness of border control management.
Shenzhen Bay Port will open on July 1, 2007 and will become the largest
port in China. This focused project is for the celebration of the 10th
Anniversary of the Hong Kong Handover to China. The capacity of the port is
expected to allow a total of 120 thousands vehicles and passengers to pass
through. Currently, in China, there are still 200 borders that could benefit
from intelligent border control system technology. The successful
implementation of the Company's technology in Shenzhen Bay Port has already
given China Public Security an extremely solid base for the future development
in this business line.
"It has been a successful tour where investors had an opportunity to
evaluate and become more familiar with our products and solutions," said Mr.
Jiang Huai Lin, the Company's CEO. "As investors become more familiar with our
products and our business strategy we expect them to build up their confidence
in our Company. We will continue our efforts to research and develop more
sophisticated products and expand our market to other major cities and
provinces throughout China. And we warmly welcome investors to visit us to
better understand our competitive position in public security technology
space."
About China Public Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, CPST is focused on the
development and implementation of large scale high-tech public security and
Geographic Information System (GIS) related projects. The Company provides a
broad portfolio of fully integrated solutions and services, including public
security information technology (First Responder Coordination Platform,
Intelligent Border Control and Intelligent Security Surveillance), Geographic
Information System (Police-use GIS and Civil-use GIS), and e-Government
Platform, software sales and maintenance as well. CPST currently has the
licenses to 16 registered and copyrighted software applications in China,
through its exclusive business turnkey agreement with Shenzhen iASPEC Software
Engineering Company Limited (iASPEC). Under this agreement the Company acts as
iASPEC's exclusive subcontractor to all its customers. To learn more about
the Company, 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". 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.
For more information, please contact:
Company Contact:
Mr. Michael Lin
Vice President, Investor Relations
China Public Security Technology, Inc.
Tel: +1-949-743-0868
Email: mlin@chinapsh.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
