SHENZHEN, China, Dec. 14 /PRNewswire-Asia/ -- China Information Security Technology, Inc., (Nasdaq: CPBY) ("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 among the "Deloitte Technology Fast 500 Asia Pacific 2009 Award" (the "Fast 500 Asia Pacific") for the second consecutive year. CIST was ranked the 39th fastest growing company in the Fast 500 Asia Pacific in 2009, as compared to 78th in 2008.
The Fast 500 Asia Pacific program ranks leading technology companies in a broad range of industries across the Asia Pacific region based on their fiscal year revenue growth rates over the last three years. Companies are considered technology companies if they own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Mr. Zhi Qiang Zhao, CIST's Chief Operating Officer, received the award on behalf of the Company at the Deloitte award ceremony, which took place at the Intercontinental Hotel in Hong Kong on Thursday, December 10, 2009.
"We would like to thank Deloitte for this great honor, which follows on the heels of our award from the "Deloitte Technology Fast 50 China 2009 Award" program in November," said Mr. Jiang Huai Lin, CIST's CEO. "It is especially rewarding to be ranked for the second consecutive year, and having increased our rank over the period. We believe that this award reflects our sustained growth over the past two years, relative to our peers, even in the face of the challenges posed by the global financial crisis, and validates our long-term business model. We continue to be confident in our outlook and credit the efforts and dedication of our employees and the confidence of our shareholders for our performance to date."
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 awards granted to the Company; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth in the coming years relative to its peers; 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
