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A leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider in China
Message: CSIT Ranked for 'Deloitte Technology Fast 500 Asia Pacific 2008 Award'
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China Information Security Technology, Inc. Ranked for 'Deloitte Technology Fast 500 Asia Pacific 2008 Award' SHENZHEN, China, Dec. 11 /PRNewswire-Asia-FirstCall/ -- China Information Security Technology, Inc., (Nasdaq: CPBY - News; "China Information Security," "CIST" or the "Company"), a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to public security and civil-use markets in China, today announced that the Company has been ranked for the "Deloitte Technology Fast 500 Asia Pacific 2008 Award" and was invited to attend the Award Ceremony held today in Hong Kong. This annual award, which recognizes the 500 fastest growing technology companies in the Asia Pacific region, provided an entry into an exclusive network of high performing technology companies. The event included the presentation of custom-made lead crystal awards to each winning company; the release of new industry research; and insights from guest speakers, industry specialists and peers, on the success factors and issues facing fast growing companies. "We would like to thank Deloitte for this wonderful honor, which follows our ranking by them in October as one of the top 50 fastest growing high-tech enterprises in China for 2008," said Mr. Jiang Huai Lin, CEO of China Information Security. "While many industries and companies are experiencing slower or negative growth, we remain confident about our near-term outlook due to the information security and infrastructure related end markets we serve in China. Once again, we attribute this award to our entire team which has continuously delivered solutions beyond clients' expectations." 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, aiming to use information technology to improve public safety and information management. Its main business lines range from digital public security, to intelligent border control, and Geographic Information Systems (GIS). 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 the 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 recognition by Deloitte as one of the fastest growing technology companies in the Asia Pacific region for 2008; 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.
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