China Transinfo Tech (NASDAQ:CTFO)

China TransInfo, through its subsidiary Beijing PKU ChinaFront High Technology Co., Ltd. ("PKU"), is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications in transportation, digital city land and resource filling system based on GIS technologies which is used to service the public sector. In addition, the Company is also developing its transportation system to include ETC technology. The Company is the co-formulator to several transportation technology national standards and has software copyrights to 23 software products. China TransInfo has won 3 of 4 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University, which currently owns 5% of PKU, provides access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electrified transportation information solutions. )

The Company had two and three major customers that individually represented 10% or more of the Company’s total net sales during the three months ended March 31, 2010 and 2009, respectively. Total net sales was $10,397,438 and $2,959,068 for the three months ended March 31, 2010 and 2009, respectively, and related accounts receivable balance was $1,276,189 and $1,186,042 as of March 31, 2010 and 2009, respectively..

Web site: http://www.techfront.com.cn

Last updated March 31, 2008

• China TransInfo Technology Corp.
  Mr.Troy Mao, Chief Financial Officer
  86 - (0)10- 82671299 ext3026, troymao@ctfo.com
  
  

• CCG Elite
  Crocker Coulson, President
  1 (646) 213-1914, Crocker.Coulson@ccgir.com