DALLAS, Jan. 19, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring China Information Security Technology Inc. (Nasdaq:CPBY). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/CPBY
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China Information Security Technology Inc., (CPBY) formerly China Public Security Technology Inc., provides integrated solutions for the public security sector in the People's Republic of China, specializing in providing public security information communication applications and Geographic Information Systems (GIS) software services. The Company is a holding company that owns 100% of China Public Security Holdings (CPSH). CPSH is also a holding company. The Company has three segments: Information Security Segment, GIS Segment and Product Sales Segment.
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In the report, the analyst notes:
“Third quarter 2009 revenue increased 32.7% to $28.7 million, from $21.6 million in third quarter of 2008. Software sales grew by $8.7 million, or 75.4% year-over-year, to $20.2 million, driven by the Company's continuing efforts in promoting software sales in 2009. Reflecting the shifting of sales activities toward software and reduced hardware sales to non-government customers, revenues from hardware products and system integration services in the third quarter of 2009 decreased by 22.5% year-over-year and 1.9% year- over-year, respectively.
“CBPY in mid-December announced that the Company has been ranked among the "Deloitte Technology Fast 500 Asia Pacific 2009 Award" (the "Fast 500 Asia Pacific") for the second consecutive year. CIST was ranked the 39th fastest growing company in the Fast 500 Asia Pacific in 2009, as compared to 78th in 2008. The Fast 500 Asia Pacific program ranks leading technology companies in a broad range of industries across the Asia Pacific region based on their fiscal year revenue growth rates over the last three years. Companies are considered technology companies if they own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues.”
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