China Security & Surveillance Technology Expands Its E-city Projects in Shaanxi Province

China Security & Surveillance Technology Expands Its E-city Projects in
Shaanxi Province
-- Two Projects Valued Approximately RMB 2.7 Billion --

SHENZHEN, China, Nov. 2 /PRNewswire-Asia/ -- China Security & Surveillance
Technology, Inc. ("CSST" or the "Company") (NYSE: CSR; Nasdaq Dubai: CSR), a
leading provider of digital surveillance technology in the PRC, today
announced that it has signed two E-city project framework agreements for
Huayin City and Shangluo City in Shaanxi Province, together valued at
approximately RMB 2.7 billion (approximately US$394.7 million). The potential
revenue from these two projects is expected to be recognized within the next
three to five years.
The E-city framework agreement with Huayin City is valued at approximately
RMB1.5 billion (approximately US$219.3 million). The detailed execution time
and value of Huayin E-city project will be subjected to specific agreements,
and corresponding revenues will be recognized upon the further signing and
execution of binding contracts, which is expected to be carried out in 2010.
The Huayin E-city project is designed to advance the information facilities of
Huayin City, to provide an integrated digital platform of its tourism
information, to strengthen its position as a tourism destination and enhance
regional economic growth.
Huayin City, a county with a history of over 2,300 years, is located at
the north of Huashan Mountain (or "Mt. Huashan") of Shaanxi Province. Huayin
City is a famous scenic zone with profound history, unusual tourism resources
of cultural relics, and abundant natural reserves. Huayin City is one of the
key economic development areas of Shaanxi Province driven by the national
western development strategy.
The E-city framework agreement with Shangluo City is valued at
approximately RMB1.2 billion (approximately US$175.4 million). The detailed
execution time and value of Shangluo E-city project will be subjected to
specific agreements, and corresponding revenues will be recognized upon the
further signing and execution of binding contracts, which is expected to be
carried out in 2010. The Shangluo E-city project aims to build out a fully
integrated Safe City platform, an Emergency Response System and an
Information-based Transportation Management System to improve urban
information communication and management infrastructure and thus speed up the
urbanization process and economic growth in the region.
Shangluo City, located in the southeast of Shaanxi Province, has a
population of 2.4 million people and is renowned for its flourishing
agriculture and natural resources. Within the one-hour economic circle of the
capital of Shaanxi Province, Xi'an City, Shangluo City has enjoyed vigorous
economic growth and embraced many foreign investments. In 2008, Shangluo
City's local fiscal revenue growth ranked No. 2 in Shaanxi province.
Mr. Guoshen Tu, Chief Executive Officer of CSST, commented, "We are very
excited to announce these two E-city framework agreements with Huayin City and
Shangluo City, respectively. These two pending projects further demonstrate
CSST's leading brand and unparalleled scale and scope as we continue to win
large government projects. We are confident that our solid industry
experience,
comprehensive digital solutions, and successful track record of previous
E-city contract wins will position CSST for additional government projects and
initiatives that promote digitized urbanization in China."
Mr. Tu continued, "We also believe that our established cooperation with
large Chinese banks on factoring facilities and other financing arrangements
will continue to serve as a strategic advantage in securing government
projects. We are confident that with our improved capital structure and
strengthened financial position, CSST will continue to seize opportunities to
secure more E-city projects and expand our market presence, and ultimately to
deliver sustainable financial performance and create more value for our
shareholders."
About China Security & Surveillance Technology, Inc.
Based in Shenzhen, China, CSST manufactures, distributes, installs and
services surveillance and safety products and systems as well as develops
surveillance and safety related software in China. Its customers are mainly
comprised of commercial and government entities and non-profit organizations.
CSST has built a diversified customer base through its extensive sales and
service network that includes over 140 branch offices and distribution points
throughout China. To learn more about the Company visit http://www.csst.com
Safe Harbor Statement
This press release may include certain statements that are not
descriptions of historical facts, but are forward-looking statements. Such
statements include, among others, those concerning our participation in E-city
projects, our expected financial performance and strategic and operational
plans, our future operating results, our expectations regarding the market for
our products, as well as all assumptions, expectations, predictions,
intentions or beliefs about our relative strength and about future events.
Forward-looking statements can be identified by the use of forward-looking
terminology such as 'will,' 'believes,' 'expects' or similar expressions. Such
information is based upon expectations of our management that were reasonable
when made but may prove to be incorrect. All of such assumptions are
inherently subject to uncertainties and contingencies beyond our control and
based upon premises with respect to future business decisions, which are
subject to change. We do not undertake to update the forward-looking
statements contained in this press release. For a description of the risks and
uncertainties that may cause actual results to differ from the
forward- looking statements contained in this press release, see our most
recent Annual Report on Form 10-K filed with the Securities and Exchange
Commission ('SEC'), and our subsequent SEC filings. Copies of filings made
with the SEC are available through the SEC's electronic data gathering
analysis retrieval system at http://www.sec.gov .
For more information, please contact:

Company Contact:

Terence Yap
Tel: +86-755-8351-5634
Email: ir@csst.com

Investor Contact:

ICR:
Michael Tieu
Tel: +86-10-6599-7960
Email: michael.tieu@icrinc.com

Bill Zima
Tel: +1-203-682-8200
Email: bill.zima@icrinc.com

Media Contact:

Patrick Yu
Fleishman-Hillard Hong Kong
Tel: +852-2530-2577
Email: patrick.yu@fleishman.com

SOURCE China Security & Surveillance Technology, Inc.

Terence Yap, +86-755-8351-5634, ir@csst.com; Investor Contact: ICR: Michael
Tieu, +86-10-6599-7960, michael.tieu@icrinc.com, or Bill Zima,
+1-203-682-8200, bill.zima@icrinc.com; Media Contact: Patrick Yu,
Fleishman-Hillard Hong Kong, +852-2530-2577, patrick.yu@fleishman.com