(PR NEWSWIRE) China Security & Surveillance Technology Announces New Contract W ns China Security & Surveillance Technology Announces New Contract Wins
SHENZHEN, China, July 17 /PRNewswire-FirstCall/ -- China Security & Surveillance Technology, Inc. (OTC Bulletin Board: CSCT), a leading provider of digital surveillance technology in the PRC, today announced new contracts won in the second quarter ending June 30, 2007. The Company secured new contract wins that are expected to result in approximately $60.0 million in revenues. The new contracts include city-wide security and surveillance contracts, as well as installations in cyber cafes, factories, railway stations and corporate locations and sale of hardware equipment. The Company expects to recognize the majority of the revenue from these contracts in the second and third quarters of 2007. Among the new contract wins, the Company secured nineteen new Safe City-wide surveillance projects. Mr. Guo Shen Tu, Chief Executive Officer of China Security commented, "Since our inception, we have remained focused on our objective of becoming the dominant security and surveillance solution provider in China. The security market in China continues to grow, driven by regulatory and general needs, and our consolidation and marketing efforts are producing encouraging results." About China Security & Surveillance Technology, Inc. Based in Shenzhen, China, China Security manufactures, distributes, installs and maintains security and surveillance systems throughout the PRC. China Security has manufacturing facilities located in China and a R&D facility which maintains an exclusive collaboration agreement with Beijing University. China Security has built a diversified customer base through its extensive sales and service network that includes numerous points of presence throughout the PRC. To learn more about the Company visit http://www.csstf.com. Safe Harbor Statement Statements during the conference presentation may include information about the Company's plans, growth and strategies, which may include 'forward- looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission. SOURCE China Security & Surveillance Technology, Inc.
Contact Information: Terence Yap of China Security & Surveillance Technology, Inc., +1-646-713-4888, 852-9838-7413, terence@csstf.com; or Investors, Bill Zima or Ashley Ammon MacFar ane, +1-203-682-8200, of ICR, for China Security & Surveillance Technology, Inc.
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