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China Information Technology, Inc. Announces Third Quarter 2011 Results
Date:11/9/2011

ase.  We have good relationships with many public sector organizations, including public security, traffic police, surveying and mapping and electric grid agencies throughout China, and hospitals in Guangdong, Guangxi, Hunan and Chongqing; we continue to work on GIS projects for China's Shuohuang Rail, one of the main west-to-east coal transport lines in the country, while we focus on expanding our Internet-based global mapping project, Map World; and we also are continuing to work on penetrating our Geo brand in China's growing GIS market. We continue to have great faith in our technological capabilities. We expect our strong reputation and relationships will help many of our projects pick up again over the long-term.

"In the meantime we will continue to manage this tough period by both maximizing commercial opportunities for our existing portfolio of products, and putting equal focus on our DT segment to offset some of the pressures resulting from the slowdown in government projects. During the quarter we launched a series of innovative new touch screen products, embedded with our core application and content software.  We received positive feedback on these new products from a number of new clients from the education, media and commercial markets.  Going forward we expect both our core IT and DT segments to help us realize more sustainable growth.  Mr. Zhi Qiang Zhao continues to act as the Company's Interim CFO, and we are actively engaged in vetting suitable candidates for the position.  By continuing to seek opportunities for our core offerings while remaining flexible in our businesses, we are determined to weather and overcome the temporary challenges we currently face."

Third Quarter 2011 Financial ResultsRevenuesFor the three months ended September 30, 2011, revenue totaled $28.5 million, compared with $43.8 million for the three months ended September 30, 2010, a decrease of $15.
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SOURCE China Information Technology, Inc.
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