Shenzhen City, China, 04 May 2007: China Public Security Technology announced that it changed the name of its indirect wholly owned operating subsidiary in China, Bo Hai Wen Technology (Shenzhen) Company Limited, to Public Security Technology (PRC) Company Ltd. China Public Security also announced its incorporation of a new Hong Kong subsidiary, Public Security Technology (China) Co. Ltd.
China Public Security is a holding company that operates through its indirect Chinese subsidiary, Public Security Technology (PRC) Co., Ltd. The purpose of the name change is to more accurately reflect the Company’s business and commercial objectives, as well as to promote and strengthen the Company’s brand name both in domestic and international markets. The purpose of the Company’s new Hong Kong subsidiary, Public Security Technology (China) Co. Ltd, is to oversee the Company’s business operations in China and to establish a representative office for the Company there. The new Hong Kong subsidiary will also conduct market research and customer satisfaction surveys which will assist management in improving the Company’s products and services.
“We have changed our operating subsidiary’s name to Public Security Technology, in order to strengthen our brand, sharpen our identity as a leading provider of public security technology and GIS solutions in China, and position the Company to grow from a regional to a national player,” said Mr. Jiang Huai Lin, the Company’s CEO. “We are also very excited with our new Hong Kong subsidiary, which represents an important initiative for China Public Security to better understand our customer requirements, identify new opportunities for profitable growth, and help us fulfill our mission to become the leading public security software and GIS solutions provider in China.”
China Public Security Technology is a provider of public security informatization and real time Geographic Information System (GIS) software solutions and operating services in China. To know more about the Company, please visit the company’s website at http://www.chinapsh.com.