SHENZHEN, China, Nov. 23 /PRNewswire-Asia-FirstCall/ -- China Information Security Technology, Inc., (Nasdaq: CPBY) ("China Information Security," "CIST" 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 by Deloitte among the Technology Fast 50 China 2009 program for the second consecutive year. For 2009, CIST was ranked as the 15th fastest growing company, as compared to 25th in 2008.
The Deloitte Technology Fast 50 China program ranks leading technology companies across China from a broad range of industries based on their average revenue growth rates over the last three years. Companies are considered technology companies if they either develop proprietary technology that contributes to a significant portion of their operating revenues, manufacture technology-related products or devote a high percentage of revenue to technological R&D. Companies selected in the Deloitte Technology Fast 50 China program will automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2009 program, which annually recognizes the 500 fastest growing technology companies in the Asia Pacific region. Jackie You Kazmerzak, Chief Financial Officer of the CIST, received the award on behalf of the Company at the Deloitte awards ceremony, which took place on Friday, November 20, 2009 at the Peninsula Hotel in Beijing.
"It is a great honor to have been recognized by such a respected institution and such an important program," said Mr. Jiang Huai Lin, CEO of China Information Security. "It is especially rewarding to be ranked for the second consecutive year, having even increased our rank since 2008. We feel this reflects strongly on our sustained growth over the past several years relative to our peers, and validates our long-term business model and current momentum. We are grateful to our employees and staff for their hard work and to our shareholders for their confidence in our business, which we hope to reward."
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc. ("CIST" or 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 being ranked as Deloitte Technology Fast 50 China; 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:
Iris Yan
China Information Security Technology, Inc.
Tel: +86-755-8370-4767
Email: ir@chinacpby.com
Web: http://www.chinacpby.com
Investor Relations Contact:
ICR:
Michael Tieu
Tel: +86-10-6599-7960
Email: michael.tieu@icrinc.com
