December 8, 2009 (FinancialWire) — China Information Security Technology, Inc., (NASDAQ: CPBY), a provider of digital security, geographic information, and hospital information systems in China, said it has won a contract valued at approximately $10 million for Phase III of the Shenzhen Residence Card Information Management System (the “Residence Card System”) project.

The contract is estimated to be completed within 12 months. The Residence Card System is designed to form an integrated information sharing platform to facilitate the management of different social functions by the Shenzhen Municipal government, including public security, social welfare, education, industry and commerce, labor and house rental service management.

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