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China TransInfo Featured on CCTV-1 News Broadcast

2011-05-03 20:59 2252

BEIJING, May 3, 2011 /PRNewswire-Asia/ -- China TransInfo Technology Corp. (NASDAQ: CTFO) ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation solutions ("ITS") in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today announced that CCTV (China Central Television) featured China TransInfo on CCTV-1's prime-time news program on April 28, 2011.


The aired CCTV prime-time news segment focused on China TransInfo's innovative technology advantages, its strong cooperation with universities for R&D, and its leadership in the Zhongguancun Intelligent Transportation Industry Association ("ZITIA" or the "Association"). ZITIA's objective is to promote the development of the intelligent transportation industry and to position Beijing as the key location for the intelligent transportation industry in China.  The segment also highlighted the cooperation between companies and academic institutes and featured comments from China TransInfo's Chairman and Chief Executive Officer, Mr. Shudong Xia, who emphasized the importance of cooperation with research institutes and universities.

The segment, which was headline on CCTV news on April 28, 2011, can be viewed via the following link: http://news.cntv.cn/program/xwlb/20110428/110889.shtml. (The coverage of China TransInfo takes place from 02:38 to 03:45).

Mr. Xia commented, "We are pleased to have been featured and interviewed by CCTV, the most influential television media outlet in China. We plan to use our leadership platform with the Association to help realize our objective to further enhance our cooperation with academic institutes."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest real time transportation information service provider and major commercial vehicles service provider in China. As the co-formulator of several transportation technology \national standards, the Company owns nine patents and has won a majority of the model cases awarded by the PRC Ministry of Transportation. As a result, the Company is playing a key role in setting the standards for transportation information solutions in China. For more information, please visit the Company's website at http://www.chinatransinfo.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:

 

 

Ms. Fan Zhou, Investor Relations Director                

 

Mr. Athan Dounis

 

 

China TransInfo Technology Corp.

 

CCG Investor Relations

 

 

E-mail: ir@ctfo.com

 

E-mail: athan.dounis@ccgir.com

 

 

Tel+ 86 10–5169 1657

 

Tel: +1 (646) 213-1916

 

 

 

 




Source: China TransInfo Technology Corp.
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