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China Information Security Technology Wins One-Third Market Share in the Initial Roll-out of National Standards for Police-use GIS across China

April 20, 2010

SHENZHEN, China, April 20 /PRNewswire-Asia-FirstCall/ — China Information
Security Technology, Inc. (Nasdaq: CPBY) (“China Information Security,” or the
“Company”), specialized in Geographic Information System (“GIS”), digital
public security and hospital information systems, and a leading GIS software
provider in China, today announced that it recently signed contracts valued at
approximately US$6 million, with 6 cities and provinces including Shanghai,
Shenzhen, Zhuhai, Jiangxi, Hunan and Guangxi, for the installation of their
core police-use geographic information systems (“PGIS”) platform under the
initial roll-out of China’s National PGIS Standardization Project (the
“Project”). The contracts are expected to be completed by the end of 2010.

The goal of the Project is to upgrade and integrate all variations of PGIS
systems throughout the country, in order to provide uniformity of standards,
basic data, common technology and application mode characteristics; share
information among different police divisions and regions across China; and
enhance quick response capabilities for public emergencies. The Company’s core
PGIS technology was selected last year by China’s Ministry of Public Security
for use in standardizing PGIS technologies under the Project.

The Project will be implemented in 660 cities across China over the next 5
years and is expected to result in the standardization and interconnection of
all PGIS systems in China. A total of 18 cities and provinces have been
selected to participate in the first round of roll-out of the Project.

Mr. Jiang Huai Lin, Chairman and CEO of the Company, commented, “We are
excited to win contracts representing one-third of the regions covered in the
initial roll-out of the Project. We believe that these wins are a nod to our
technological sophistication, proven track record, and contribution to the
PGIS national standards. These wins are also an indication that our key
products are effectively breaking into critical markets outside of the
Guangdong region, notably in Shanghai, one of the largest cities in China and
an emerging global financial center. We expect that Shanghai will serve as an
anchor city for our further expansion into Eastern China, and will help to
fuel our long-term goal to be the largest GIS provider in China. The new PGIS
contracts also represent future opportunities for follow-on projects and
maintenance contracts in these new markets once initial PGIS platforms are
established. We expect that such recurring opportunities will establish our
reputation in these new markets, and enable us to further penetrate them in
the long-term.”

About China Information Security Technology, Inc.

China Information Security Technology, Inc., together with its
subsidiaries, specializes in Geographic Information System (“GIS”), digital
public security and hospital information systems, and aims to be the largest
GIS software provider in the People’s Republic of China. Headquartered in
Shenzhen, China, the Company’s total solutions include specialized software,
hardware, systems integration, and related services organized into three
business segments – Digital Public Security Technology (“DPST”), Geographic
Information Systems (“GIS”), and Digital Hospital Information System (“DHIS”).
To learn more about the Company, please visit its 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 Information 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 significance of the Company’s PGIS contract wins and its entry
into new markets, including Shanghai; the ability of the Company to
successfully perform its obligations under the PGIS contracts and penetrate
such new markets in the long-term; 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.

    For further information, please contact:

    China Information Security Technology, Inc.
     Iris Yan
     Phone: +86-755-8370-4767
     Email: ir@chinacpby.com
     Web:   http://www.chinacpby.com

    Christensen
     Kathy Li
     Phone: +1-480-614-3036
     Email: kli@christensenir.com

     Roger Hu
     Phone: +86-158-1049-5326
     Email: rhu@christensenir.com

SOURCE China Information Security Technology, Inc.


Source: newswire



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