China Security & Surveillance Technology Inc. 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 $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 RMB 1.5 billion (approximately $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 E-city framework agreement with Shangluo City is valued at approximately RMB 1.2 billion (approximately $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.

China Security & Surveillance Technology, Inc. - Conference Presentation Calls

China Security & Surveillance Technology Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues of $159.820 million, income from operations of $17.205 million, income before income taxes of $21.827 million, net income of $21.972 million and net income attributable to the company of $22.005 million or $0.41 per diluted share against revenues of $119.289 million, income from operations of $15.327 million, income before income taxes of $9.923 million, net income of $9.148 million and net income attributable to the company of $9.148 million or $0.20 per diluted share for the same period last year. For the nine months, the company reported revenues of $159.820 million, income from operations of $17.205 million, income before income taxes of $31.080 million, net income of $30.472 million and net income attributable to the company of $30.519 million or $0.60 per diluted share against revenues of $283.806 million, income from operations of $40.713 million, income before income taxes of $26.453 million, net income of $21.349 million and net income attributable to the company of $21.380 million or $0.48 per diluted share for the same period last year. Net cash provided by operating activities was $15.951 million against net cash used in operating activities of $30.548 million last year. Additions to property, plant and equipment were $3.520 million against $13.877 million. For the full year 2009, the company reaffirms its revenue projection of $600 to $630 million and projects GAAP diluted EPS of $0.95 to $0.98. For the full year 2010, the company forecasts revenue of $800-$820 million, and GAAP diluted EPS of $1.15 to $1.20.