SHENZHEN, China , July 30 /Xinhua-PRNewswire-FirstCall/ -- China Public Security Technology, Inc., (OTC Bulletin Board: CPBY) (" China Public Security" or "the Company"), a leading provider of public security information technology and Geographic Information Systems ("GIS") software services, today announced that Shenzhen (iASPEC) Software Engineering Company Limited ("iASPEC"), its exclusive contracting partner, has been awarded Level-1 Certification for Computer Information System Integration from China's Ministry of Information Industry and has been honored at the China International Software & Information Service Fair 2007 as one of the 2007 Top 100 Model Enterprises.
In order to undertake public security related projects in China , companies must possess certain qualifications and certifications, and have successful project execution experience as well as a strong financial position. The Level-1 Certification for Computer Information System Integration is the highest level of certification granted by the Ministry of Information Industry and only a limited number of companies have been granted this certification. Level-1 Certification is an entry pass to bidding on large-scale, public security, computer system integration projects in China , and is based on, among other things, historical performance in connection with large-scale implementation, a company's number of domestic employees and a company's amount of registered capital. Only companies with Level-1 Certification are qualified to bid and execute state-level, province/ministry-level or industry- level computer information system construction projects in China . iASPEC's certification number is Z1440320070251.
iASPEC was also honored at the China International Software & Information Service ("CISIS") Fair 2007 as one of the "2007 China Software Independent- Innovation Top 100 Model Enterprises." The sequencing of "Top 100" China software companies is an important measure promoted since 2006 by CISIS and 21st Century Economic Report, the leading commercial newspaper media in China , to publicize the development achievement of the software industry in China and to lead such enterprises to grow in size and strength. iASPEC's honor is based on a strict appraisal index system that assesses human and financial capital, technology and execution capabilities and the benefits of scientific achievements.
"We are very pleased with the grant of Level-1 Certification and the honored title to our exclusive strategic partner, iASPEC," said Mr. Jiang Huai Lin , the Company's CEO. These honors are an indication of our advanced technology development capabilities and further strengthen our ability to win new contracts and expand our market to other regions in China ."
About China Public Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, CPST is focused on the development and implementation of large scale, high-tech public security and Geographic Information System (GIS) related projects. The Company provides a broad portfolio of fully integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control and Intelligent Security Surveillance), Geographic Information System (Police-use GIS and Civil-use GIS), and e-Government Platform services, software sales and maintenance as well. CPST currently has the licenses to 16 registered and copyrighted software applications 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 all its customers. 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 Public 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 ability of the Company to win new contracts and expand its market to other regions in China or otherwise 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. 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.
SOURCE China Public Security Technology, Inc.