2007'06.02.Sat
Important Government Officials Inspect the Shenzhen Bay Port and Futian Project
May 31, 2007
SHENZHEN, China, May 31 /Xinhua-PRNewswire/ -- China Public Security Technology, Inc. (OTC Bulletin Board: CPBY.OB), a leading provider of public security information technology and Geographic Information Systems ("GIS") software services and the first Chinese public security information technology company to be listed in the U.S. market, today announced important government officials visited Shenzhen Bay Port to evaluate the Company's Intelligent Border Control solutions on May 28, 2007. Mr. Zong Heng Xu, the Mayor of Shenzhen Municipality and Mr. Hong Zhong Li, the Secretary of Shenzhen Municipal Committee of CPC visited and evaluated the Automated Check System and Automated Vehicle Check System built in the Shenzhen Bay Port. The event received wide news and media coverage in China stating that the Government officials commented these projects to be important to promote border safety and to increase the economic interaction between Hong Kong and China. In addition, they highly recognized China Public Security's efforts for high efficiency, high effectiveness and high stability. They were also pleased by the China Public Security's ability to overcome every single pressure and tight time constraints during the course of the whole development. The Company's Intelligent Border Control System stores biometric information such as fingerprints and facial features from passengers in a database, and integrates it with infrared and license plate recognition technologies to enable the automation of border control checkpoints for faster and more accurate processing of passengers, while at the same time helping to safeguard borders from stowaway activities, and greatly improving overall efficiency and effectiveness of border control management Shenzhen Bay Port and Futian Port will open on July 1, 2007 and will become the largest port in China. This focused project is for the celebration of the 10th Anniversary of Hong Kong Handover to China. The capacity of the port is expected to allow a total of 120 thousands vehicles and passengers to pass through. Currently, in China, there are still 200 borders that could benefit from intelligent border control system technology. The successful implementation of the Company's technology in Shenzhen Bay Port has already given China Public Security an extremely solid base for the future development in this business line. "It has been an honor for us to have major Government officials come to evaluate and recognize our efforts, as well as the efficiency and quality of our products installed at the Shenzhen Bay Port and Futian Port," said Mr. Jiang Huai Lin, the Company's CEO. "These projects are important at the National-level in China and their successful implementation as well as recognition by important Government officials for our Intelligent Border Control products is a testament to the quality of our advanced technology as well as our ability to expand our market in the future. These projects have reached the final stage and we will remain focused and continue to work closely with Government departments to ensure we can deliver the systems on time and with high quality." 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, 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.chinapsh.com . Safe Harbor Statement This press release contains certain statements that may include "forward- looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". 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. For more information, please contact: Company Contact: Mr. Michael Lin Vice President, Investor Relations China Public Security Technology, Inc. Tel: +1-949-743-0868 Email: mlin@chinapsh.com Investor Relations Contact: Mr. Crocker Coulson President CCG Elite Investor Relations Tel: +1-646-213-1915 (NY office) Email: crocker.coulson@ccgir.com
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