About Wuda Geoinformatics Co., Ltd.
Wuda Geoinformatics Co., Ltd. (Geo) provides integrated solutions through innovative technology that covers the whole life cycle of spatial information: including acquiring, processing and updating geospatial data; database establishment, integration and management: and analysis, application and publishing of spatial information. Geo has over 200 employees and supplies a wide range of customers with expertise and professional services, including data production and supervision, application and development, technical support and consultation. Geo's customers are engaged in many industries, including surveying and mapping, city planning, territorial management and electric power, in more than thirty provinces and municipalities in China . Its key customers include the Urban Planning and Land Resource Bureau of Shenzhen City, the Informatization Office of Nanchang City, the National Basic Geographic Information Center, the Urban Planning and Land Resource Bureau of Shenyang City, the Land Resource Information Center of Guangdong Province, the Land Resource Department of Guangxi Province, the Land Resource Bureau of Dongguan City, Urban Planning Reconnaissance and Design Institute of Guangzhou City and the Urban Planning and Design Institute of Dongguan City. Geo also provides integrated data processing services to customers in the U.S. and Europe .
About China Public Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Public Security is focused on the development and implementation of large scale, high-tech public security and 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. Through its exclusive contractual arrangement with Shenzhen iASPEC Software Engineering Company Limited (iASPEC), China Public Security has the licenses to 16 registered and copyrighted software applications in China . In addition, iASPEC is considered the Company's variable interest entity, and its financial data and information is consolidated into the Company's accounts. 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 effect of the Wuda Geoinformatics Co., Ltd. acquisition on the Company's ability to market its products and services; 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.