China Security & Surveillance Announces Additional Safe City Project Win in Yinchuan City
SHENZHEN, China , June 30 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. (NYSE: CSR)('The Company' or 'CSST'), a leading provider of security solutions in China , today announced that it has won a bid for a Safe City project in Yinchuan City, the capital of Ningxia Province located in the northwest of China .
The scope of this project entails connecting the monitoring and
communications network among 69 local police stations within Yinchuan City
with the police bureau at the city and provincial levels. CSST is the lead
contractor for this particular Safe City project. The total value of this
Safe City project is approximately
This project in Yinchuan City is the Company's second project in this city.
In early May 2008 , CSST signed a Safe City project framework agreement valued
at approximately
Mr. Guoshen Tu, Chief Executive Officer of CSST commented, ''We are delighted to win additional project work in Yinchuan City. This second phase of project work is indicative of the depth of our product offering, the quality of our service as well as our ability to build strong and lasting relationships with local city governments in China . Our one-stop-shop solution for security and surveillance needs continues to provide us with a solid pipeline of new business opportunities."
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China , China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and an R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csst.com .
Safe Harbor Statement
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, our future operating results, our expectations regarding the market for security and surveillance products, our expectations regarding the continued growth of the security and surveillance market, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the ''Risk Factors'' section of our Annual Report on Form 10-K for the year ended December 31, 2007 , and other risks mentioned in our other reports filed with the Securities Exchange Commission, or SEC. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov . The words ''believe,'' ''expect,'' ''anticipate,'' ''project,'' ''targets,'' ''optimistic,'' ''intend,'' ''aim,'' ''will'' or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward- looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
SOURCE China Security & Surveillance Technology, Inc.
