SHENZHEN, China, Dec. 14, 2010 /PRNewswire-Asia-FirstCall/ -- China Information Technology, Inc. (Nasdaq: CNIT), a leading total solutions provider of geographic information systems (GIS), digital public security technology (DPST) and digital hospital information systems (DHIS) in China, today announced its variable interest entity, iASPEC Software Co. Ltd. (iASPEC), was ranked among the top 100 Chinese small and medium-sized enterprises (SMEs) for both growth and technological innovation. iASPEC is a leading total solutions provider and system integrator for the public security sector in China.
The ranking was announced at the fifth Annual Conference for Chinese SMEs (the Conference), held from November 27-29, 2010 at the Great Hall of the People in Beijing.
The Conference was approved by the State-Owned Assets Supervision and Administration Commission of the State Council and held by the Chinese Small and Medium Sized Enterprises Association, with the goal of advancing the development of Chinese SMEs. The prestigious SMEs ranking has become highly recognized in China, serving as a certification of Chinese SMEs with fast growth rates and advanced technologies. All companies awarded at the Conference are leaders in their respective sectors.
"We are excited that our variable interest entity, iASPEC, has been recognized as one of the country's leading SMEs," said Jiang Huai Lin, Chairman and CEO of CNIT. "It is a strong endorsement of the professionalism and leading position of our company, as well as our superior capabilities in innovation across different segments of China's technology sector. The recognition is another accomplishment strengthening our brand's reputation and influence in China, which we expect to further facilitate our market expansion nationwide."
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 digital hospital information systems (DHIS), with the goal of being the largest GIS software provider in China. Headquartered in Shenzhen, China, the Company's integrated solutions include specialized software, hardware, systems integration, and related services to help our customers to improve the 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 subsidiaries and other consolidated entities. 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, 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.