Launched as a beta version on October 21, 2010, by the Chinese State Bureau of Surveying and Mapping (the "Bureau"), and accessible via www.tianditu.cn and www.chinaonmap.cn, "Map World" is a national geographic information search platform for the general public with worldwide coverage. According to Bureau Chief, Xu Mingde, "Map World" represents the development of China's own public geographic information service, and will soon become an important Chinese brand among web-based geographic information platforms. The developers expect the website to be gradually improved with the help of user feedback, and feature greater global coverage, richer content and faster, more reliable service in the near future.
China Information Technology was engaged by the Bureau to be the sole provider of the GIS platform software for Map World, GeoGlobe, and as the sole supplier of all its software programs. The Company expects to continue playing a substantial role in the website's ongoing operation and provision of value-added services to commercial users.
Mr. Jiang Huai Lin, Chairman and CEO of the Company, commented, "We are proud to be a key contributor to the "Map World" project. We believe our involvement is a testament to our strong technological capabilities, as well as to the superiority of our Geo brand in China's GIS industry. Our involvement in the project also marks our market expansion from the public sector to the private sector as GIS technologies become more broadly adopted by the private sector in China."
About China Information Technology, Inc.
China Information Technology, Inc., through its subsidiaries and other consolidated entities, specializes in Geographic Information System ("GIS"), digital public security and hospital information systems, with the goal of being the largest GIS software provider in China. Headquartered in Shenzhen, China, the Company's total solutions include specialized software, hardware, systems integration, and related services organized into three business segments - Geographic Information Systems ("GIS"), Digital Public Security Technology ("DPST"), and Digital Hospital Information Systems ("DHIS"). 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 Company's involvement in China's "Map World" project and the Company's ability to successfully fulfill the terms of its engagement with the Bureau; the general ability of the Company to achieve its commercial objectives, including its plan to continue playing a substantial role in the ongoing operation of the Map World project and the provision of value-added services to commercial users; 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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Iris Yan, China Information Security Technology, Inc. at +86-755-8370-4767 or Email Contact Christensen: Kathy Li at +1-480-614-3036 or Email Contact Teal Willingham at +86-10-5971-2001 or Email Contact