XI'AN, China, Mar. 2, 2011 /PRNewswire-Asia-FirstCall/ - Kingtone Wirelessinfo Solution Holding Ltd. ("Kingtone" or the "Company") (Nasdaq: KONE), a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announced that it was ranked one of 200 China's best small and medium enterprises (SMEs) in the Forbes 2011 list. This is the second consecutive year the Company is recognized by Forbes.
It is the seventh year the Forbes China Best SMEs Program ranks companies with the "most potential". For its 2011 study, the business publication surveyed all public and private small- and medium-size companies that have their main operations in China and sales ranging from RMB 5 million to 1 billion. The ranking is based on a number of metrics, including but not limited to, the most recent three-year revenues, revenues and profit growth rates, return on assets, net profit margins, and sizes of operations. In addition to companies' financial reports, Forbes also conducted a number of field visits to complete their surveys.
"We are very honored to be ranked again by Forbes China in 2011," stated Mr. Peng Zhang, Chief Executive Officer of Kingtone Wirelessinfo Solution Holding Ltd. "This second recognition demonstrates our continuous significant business achievements and our potential growth capability. We are confident that our strong R&D competence, leading-edge market position and proprietary mobile wireless solutions will drive our business to remarkable development in 2011".
About Kingtone Wirelessinfo Solution Holding Ltd.
Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq: KONE) is a leading China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. The Company's products, known as mobile enterprise solutions, extend a company's or enterprise's information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms.
For more information, please visit Kingtone's website at http: www.kingtoneinfo.com.
For investor and media inquiries, please contact:
Ms. Ying Yang, Chief Financial Officer
Kingtone Wirelessinfo Solution Holding Ltd.
Tel: +1-626-623-2575 (US)
SOURCE Kingtone Wirelessinfo Solution Holding Ltd.