SHENZHEN, China, Jan. 26 /PRNewswire-Asia-FirstCall/ -- China Information Security Technology, Inc., (Nasdaq: CPBY) ("China Information Security" or the "Company"), a leading total solutions provider of digital security, geographic information, and hospital information systems in China, today announced that the Company has been ranked 13th on the 2010 Forbes China list of 200 small-to-medium sized Chinese companies with the most potential.
This is Forbes China's sixth year of ranking companies with the "most potential" in connection with which more than 8,000 small- and medium-size companies in China with sales ranging from RMB 5 million to 1 billion were studied and scored on a host of metrics, including three-year weighted average revenue growth rate, return on assets, return on equity and operating margins.
"It's a great honor to be recognized by Forbes China as one of the companies with the most potential in China," said Mr. Jiang Huai Lin, CEO of China Information Security. "We believe that this ranking reflects our sustained growth and profitability over the past few years, and further demonstrates our solid industry leading position in the digital security, GIS and digital hospital sectors in China. We plan to continue strengthening our capabilities which we believe will maintain our competitive edge and lead to sustainable long-term growth for the Company."
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc. (the "Company") headquartered in Shenzhen, China ("PRC"), is a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to the public security and civil-use markets in China, dedicated to the use of information technology to improve public safety and information management. Its main business lines range from digital information security, to GIS, and digital hospital information systems. The Company provides a broad portfolio of fully integrated solutions and services, including its First Responder Coordination Platform, Intelligent Border Control System, Residence Card Information Management System, Police- and Civil-use GIS products, and Digital Hospital Information System, to serve the growing demand for digital geographic information, hospital and electronic medical record systems in China. Its commitment to leading-edge technology and quality assurance has won the Company numerous government and enterprise contracts throughout China. To learn more about the Company, please visit its 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 significance of the Company's 13th place ranking among the companies with the "most potential" by Forbes China; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries, including its plan to continue strengthening its capabilities in order to maintain competitive edge and achieve sustainable long-term growth for the Company; 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:
Iris Yan
China Information Security Technology, Inc.
Tel: +86-755-8370-4767
Email: ir@chinacpby.com
Web: http://www.chinacpby.com
