China Information Security Technology, Inc. Ranked by Deloitte as One of Top 50 Fastest Growing Hi-tech Enterprises in China for 2008

SHENZHEN, China, Oct. 31 /Xinhua-PRNewswire-FirstCall/ -- China Information Security Technology, Inc., (NASDAQ: CPBY) ("China Information Security," "CIST" or the "Company"), a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to public security and civil-use markets in China, today announced that the Company has been ranked by Deloitte as one of the top 50 fastest growing companies in the high technology sector in China for 2008. The Company was invited to receive an award and participate in a forum to discuss initial public offerings of high growth companies.

The list of the top 50 high growth companies in the IT sector was a result of a three month ranking process. Companies selected in the Deloitte Technology Fast 50 China program will automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2008 program, which annually recognizes the 500 fastest growing technology companies in the Asia Pacific region. Winners will receive significant exposure and recognition from media and industry and become part of an exclusive network of high performing technology companies.

The IPO forum aims to create mutually beneficial exchanges among its participants and to share the challenges which high growth companies face. Participants of the forum are CEOs of the awarded companies, representatives from venture capital firms and industry experts. The Deloitte award ceremony and IPO forum took place on Friday, October 31, 2008 at the InterContinental Hotel in Huaqiaocheng, Shenzhen.

"It is a great honor to have been recognized by this well respected institution," said Mr. Jiang Huai Lin, CEO of China Information Security. "Our end markets have been strong and demand from the Chinese government for our applications has been robust, helping to make us one of the fastest growing companies in China. However, we should thank our employees for this honor as well, for their hard work, dedication and flawless execution in delivering solutions to clients."

About China Information Security Technology, Inc.

Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc. ("CIST" or the "Company") headquartered in Shenzhen, China ("PRC"), is a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to the public security and civil-use markets in China, aiming to use information technology to improve public safety and information management. Its main business lines range from digital public security, to intelligent border control, and Geographic Information Systems (GIS). Its commitment to leading-edge technology and quality assurance has won the Company numerous government and enterprise contracts throughout China. To learn more about the Company, please visit the corporate website at .

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of China Information Security 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 recognition by Deloitte as one of the fastest growing high technology companies in China in 2008; the general ability of the Company to achieve its commercial objectives; 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 ( ). 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.

    For further information, please contact:

    Company Contact:
     Mr. Michael Lin
     Vice President, Investor Relations
     China Information Security Technology, Inc.
     Tel:   +1-949-743-0868

    Investor Relations Contact:
     Mr. Crocker Coulson
     CCG Investor Relations
     Tel:   +1-646-213-1915 (NY office)

Web site:

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