ZHENGZHOU, China, March 31, 2011 /PRNewswire-Asia-FirstCall/ -- ZST Digital Networks, Inc. (Nasdaq: ZSTN) ("ZST" or the "Company"), a major developer, manufacturer and supplier of digital and optical network equipment to cable system operators and provider of GPS tracking devices and support services for transport-related enterprises in China, today announced that the Company has been ranked in the top 150 on the 2011 Forbes "China's Best SME" list at an awards ceremony hosted by Forbes China on March 25, 2011 in Shanghai. Attendees at the ceremony included famous entrepreneurs, bankers, leaders in the investment community, company founders and venture capitalists who appear on "Forbes China's Best SME" list, as well as Forbes readers. Topics of discussion included the development of SMEs and other high-growth enterprises amidst the current economic climate. ZST's senior vice presidents Zhong Lin and Xue Na attended the forum, and Mr. Zhong accepted the award on behalf of the Company.
Mr. Zhong Lin, Senior Vice President of ZST, commented, "We greatly appreciate Forbes giving us this honor. This award is a testament to the outstanding results that we have achieved with our established IPTV set-top box business and our blossoming GPS location and tracking services business, as well as a vote of confidence from a respected international source in Forbes. As a part of this prestigious group of companies, ZST will continue to strive for excellence on the regional and national stages."
About ZST Digital Networks, Inc.
ZST Digital Networks, Inc. (Nasdaq: ZSTN) is a China-based company, principally engaged in (1) supplying digital and optical network equipment and providing installation services to cable system operators in China and (2) providing GPS location and tracking services to local logistics and transportation companies in China. The Company has developed a line of IPTV devices that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers. The Company has assisted in the installation and construction of over 400 local cable networks in more than 90 municipal districts, counties, townships, and enterprises. The Company has also launched a commercial line of vehicle tracking devices utilizing our GPS tracking technologies and support services for transport-related enterprises to track, monitor and optimize their businesses. For more information about ZST Digital Networks, Inc., please visit http://www.zstdigital.com.
"Safe Harbor" Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including, but not limited to, our ability to maintain and increase revenues and sales of our products; our ability to develop and market new products; our strategic investments and acquisitions; compliance and changes in the laws of the People's Republic of China (the "PRC") that affect our operations; our ability to obtain all necessary government certifications and/or licenses to conduct our business; and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time. 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 the factors discussed above and 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 the Company or to 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.
ZST Digital Networks Inc.
Henry H. Ngan, Chief Financial Officer
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SOURCE ZST Digital Networks, Inc.