XI'AN, China, May 2, 2011 /PRNewswire-Asia-FirstCall/ -- Kingtone Wirelessinfo Solution Holding Ltd. ("Kingtone" or the "Company") (Nasdaq: KONE), a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announced that it has been selected by China Unicom as industrial application cooperative partner for mobile police solutions as well as mobile news collecting and editing solutions.
China Unicom is one of the three largest telecom operators in China with more than 18.5 million mobile users in 31 provinces. To meet the rapidly growing and diversifying needs of a wide range of industries, expand its product offering and enhance its overall competitiveness, China Unicom started to recruit industry partners in 15 mobile and wireless application service sectors including mobile police, mobile OA, mobile banking, mobile news editing, sales management, environmental monitoring at the beginning of this year. On April 26, 2011, China Unicom held an Awards Ceremony at its headquarters in Beijing to honor 30 nationwide application partners covering these sectors. Kingtone was awarded as the top-recommended mobile solution provider for mobile police and mobile news collecting and editing solutions. Mr. Peng Zhang, Chief Executive Officer of Kingtone, received the awards in front of 200 attendees. Shortly after this ceremony, Kingtone's marketing team will participate in China Unicom's applications roadshow to demonstrate and promote Kingtone's solutions in Beijing and 11 other major cities across China.
"We are delighted and honored to have been selected by China Unicom as its application partner for mobile police industry and mobile news collecting and editing out of 300 candidates. This demonstrates Kingtone's leading-edge research and development, marketing, integration and customer service perfectly aligns with China Unicom's strategic vision for the telecommunication industry. It is also a great opportunity for us to showcase our intelligent mobile application solutions in 12 major cities nationwide during China Unicom's upcoming road show." Mr. Peng Zhang, Chief Executive Officer of Kingtone, commented, "With the rapid development of 3G in China creating substantial market opportunities, we believe Kingtone is ideally positioned to capitalize on mutually beneficial relationships with leading telecom carriers. We are confident in our ability to further expand our geographic footprint and maximize value for our customers and shareholders over the long run."
About Kingtone Wirelessinfo Solution Holding LtdKingtone Wirelessinfo Solution Holding Ltd (Nasdaq: KONE - News) is a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. The Company's products, known as mobile enterprise solutions, extend a company's or enterprise's information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms. For more information, please visit Kingtone's website at http: www.kingtoneinfo.com. The Company routinely posts important information on its website. Safe Harbor Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as "may," "could," "would," "plan," "anticipate," "believe," "estimate," "predict," "potential," "expects," "intends", "future" and "guidance" or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based upon management's current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the Company's control that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company's actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's prospectus, dated May 14, 2010 filed with the Securities and Exchange Commission (the "SEC"), and in documents subsequently filed by the Company from time to time with the SEC including the Company's Transition Report on Form 20-F for the transition period from December 1, 2009 to September 30, 2010 filed with the SEC on January 20, 2011. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable law. For investor and media inquiries, please contact:Christensen Christian ArnellTel: +86-10-5826-4939Email: firstname.lastname@example.org Kathy LiTel: +1-480-614-3036Email: email@example.com SOURCE Kingtone Wirelessinfo Solution Holding Ltd.
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