SHENZHEN, China , March 24 /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 its successful entry into the Macao market by winning the Macao First Responder 999 Project from the Macao Police Bureau.
Using a combined solution, including the Company's First Responder Coordination Platform and Police-use GIS, the Macao First Responder 999 Project enables Macao's public security forces to command and coordinate joint responses to provide the public with immediate, efficient and reliable assistance.
Macao has great potential for the Company's other products. In recent years, it has been attracting millions of tourists from mainland China and other countries due to its flourishing gaming industry and favorable location. Thus, China Public Security sees strong potential demand for its Intelligent Border Control System between Macao and Zhuhai City, as well as for its Civil- use GIS platform in the near future.
''We are delighted to enter the Macao market, which is the next strategic market for our company,'' said Mr. Jiang Huai Lin , the Company's CEO. ''We are confident that we can further penetrate this promising market through our proven technology, successful implementation record and industry reputation. This win represents yet another milestone achieved in our efforts to forge the Company into the market leader nationwide and create long-term value for all our shareholders and customers.''
In addition to continued strong momentum in Guangdong province where it dominates, China Public Security is now rapidly establishing its national footprint with new contract wins in nine other provinces, including Zhejiang, Fujian, Guangxi, Guizhou, Yunan, Hubei, Beijing , Shanghai and Chongqing .
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 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.