SHENZHEN CITY, China, April 3 /Xinhua-PRNewswire-FirstCall/ -- China
Public Security Technology, Inc., (OTC Bulletin Board: CPBY.OB) ("China Public
Security" or "the Company"), a public security software and real-time
Geographic Information System (GIS) solution provider in China, today
announced the appointment of Mr. William Ho as their Chief Financial Officer,
effective on March 30, 2007.
At this position, Mr. Ho will report directly to Mr. Jiang Huai Lin, China
Public Security's Chief Executive Officer, and will be in charge of the
company's overall financial planning and control, financial reporting and
investor relations activities. Mr. Ho has served as China Public Security's
Financial Controller since February 2007. Before joining China Public Security
Mr. Ho was a Corporate Finance Executive for First Asia Finance Group Limited,
responsible for advising clients on accounting, deal structure and tax issues
associated with going public on the U.S. stock market. In that role, Mr. Ho
successfully assisted several Chinese enterprises to go public on the OTCBB
market. Prior to that, Mr. Ho served as an auditor in the Assurance and
Advisory Services group of Deloitte Hong Kong and was responsible for assuring
internal controls and advising clients on their accounting issues.
"We are delighted to have Mr. Ho as our Chief Financial Officer, as we
continue to strengthen our management team to operate effectively as a public
company. Mr. Ho's hands-on experience in providing financial and accounting
leadership will be extremely valuable to the development of our company,"
remarked Mr. Jiang Huai Lin, China Public Security's Chief Executive Officer.
"As a new public company in the US, China Public Security is entering a
very important phase of its development," remarked Mr. Ho. "I look forward to
adding my financial management and capital markets expertise to help China
Public Security develop to its full potential and to create lasting
shareholder value," Mr. Ho said of his appointment.
About China Public Security Technology, Inc.
Through its indirect wholly-owned Chinese subsidiary, China Public
Security Technology, Inc. is a public security software solution and real-time
Geographic Information System (GIS) solution provider in China. The Company
provides a broad portfolio of fully integrated products and services,
including system design and database management for Police-Use GIS, Civil-Use
GIS, and e-Government and other security related products. The Company
currently has an exclusive license of 16 patents 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 key customers, including Shenzhen City Public
Security Bureau, China Unicom Shenzhen Division, Shenzhen Urban Planning
Bureau and the Shenzhen Fire Department. 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.
Company Contact: Investor Relations Contact:
Mr. Michael Lin Mr. Crocker Coulson
Vice President, Investor Relations President
China Public Security Technology, Inc. CCG Elite Investor Relations
Tel: +1-949-743-0868 Tel: +1-646-213-1915 (NY office)
Email: mlin@chinapsh.com Email: crocker.coulson@ccgir.com
