China Information Technology Ranked Among Deloitte Technology Fast 500 Asia Pacific 2011
SHENZHEN, China, Dec. 5, 2011 /PRNewswire-Asia-FirstCall/ -- China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of information technologies and display technologies based in China, today announced that it made the ranking for the 2011 Deloitte Technology Fast 500 Asia Pacific list. This is the fourth consecutive year in which the Company has made the Technology Fast 500 list.
The Deloitte Technology Fast 500 Asia Pacific recognizes the 500 fastest growing Asia Pacific-based technology companies. Rankings are based on percentage revenue growth over the past three years.
Results of the 2011 rankings were officially announced on December 1, 2011 at an awards ceremony at the Ritz-Carlton Hotel in Hong Kong.
Jiang Huai Lin, Chairman and CEO of CNIT, commented, "We are very pleased to once again be recognized on Deloitte's annual list of the 500 fastest-growing technology companies in the Asia Pacific region. We believe this recognition is further affirmation of our view that we are positioned for long-term growth based on our capabilities in information technology and display technology."
About China Information Technology, Inc.
China Information Technology, Inc., through its subsidiaries and other consolidated entities, specializes in geographic information systems (GIS), digital public security technology (DPST), and hospital information systems (HIS), as well as high-end digital display products and solutions in China. Headquartered in Shenzhen, China, the Company's integrated solutions include specialized software, hardware, systems integration, and related services to help its customers improve efficiency in information management. To learn more about the Company, please visit its corporate website at http://www.chinacnit.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information 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 recognition received by the Company; the general ability of the Company to achieve its commercial objectives; the Company's growth prospects; 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.
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SOURCE China Information Technology, Inc.