BEIJING, March 17 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq: CTFO) ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that the Company's management will attend the upcoming International Exhibition on Infrastructure, Traffic Management, Safety and Parking ("Intertraffic China 20") in Shanghai from March 18 to March 20, 2009.
The Intertraffic China 20 was initiated by the China Academy of Transportation Sciences ("CATS"). CATS is the largest research institute under the Ministry of Communication of the People's Republic of China. The exhibition aims to provide a platform for leading domestic and international companies in the transportation sector to share the latest technology development trends, research achievements, and business solutions and applications. Over 600 industry professionals and experts participated in the exhibition in 2008, with about half of attendees representing international companies. The international corporate participants at the 2009 Intertraffic China 20 event include Siemens, PTV Group, 3M, Gatsometer, and Gruen GmbH.
China TransInfo will set up separate booths at the exhibition to introduce the Company's core products and technologies, including its GIS-based total solutions for the transportation segment, the Company's real-time traffic data collection platform featured on taxis in several cities in China, and its electronic toll collection (ETC) system. China TransInfo will also conduct product demonstrations during the exhibition to illustrate the effectiveness of its products and technologies.
"We are delighted to be invited to one of the premier events in China's transportation industry," commented Mr. Shudong Xia, chief executive officer of China TransInfo Technology Corp. "As a leading provider of public transportation information systems technology and comprehensive solutions in China, we will effectively utilize this opportunity to improve our brand recognition within the transportation information industry and expand our relationships with domestic and international counterparts."
About China TransInfo
China TransInfo, through China TransInfo Group and its operating subsidiaries, is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city，land and resource filling system based on GIS technologies which is used to service the public sector. In addition, the Company is developing its transportation system to include ETC technology. As the co-formulator to several transportation technology national standards, the Company has software copyrights for to 23 software products and has won 5 of 10 model cases sponsored by PRC Ministry of Communications. The Company's affiliation with Peking University provides access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electronic transportation information solutions. For more information please visit the company 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" including, among others, those concerning the Company's expected financial performance and strategic and operational plans, the general ability of the Company to achieve its commercial objectives, future operating results of the Company, its subsidiaries and the VIE Entities, expectations regarding the market for transportation information services, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. 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.
For further information, please contact:
Company Contact:
China TransInfo Technology Corp.
Ms. Fan Zhou, Investor Relations Director
Tel: +86-10-8267-1299 x8033
Email: ir@ctfo.com
Investor Relations Contact:
CCG Investor Relations
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Graham Reed, Financial Writer
Tel: +1-646-213-1907
Email: graham.reed@ccgir.com
Web: http://www.ccgirasia.com
