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

mpany's business and makes operating decisions, including internal budgeting, and performance measurement, because these measures provide a consistent method of comparison to historical periods. Moreover, management believes these non-GAAP measures reflect the essential operating activities of China Information Technology. Accordingly, management excludes the expense arising from certain non-cash charges when making operational decisions. China Information Technology believes that providing the non-GAAP measures that management uses to its investors is useful to investors for a number of reasons. The non-GAAP measures provide a consistent basis for investors to understand China Information Technology's financial performance in comparison to historical periods. In addition, it allows investors to evaluate China Information Technology's performance using the same methodology and information as that used by China Information Technology's management. Non-GAAP measures are subject to inherent limitations because they do not include all of the expenses included under GAAP and because they involve the exercise of judgment of which charges are excluded from the non-GAAP financial measure. However, China Information Technology's management compensates for these limitations by providing the relevant disclosure of the items excluded.

The following table presents the non-GAAP financial measures contained in this press release and the most directly comparable GAAP measures and provides a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures.Q3 2011 Reconciliation of Net Income and EPSto Exclude SBC, Amortization of Intangible Assets and Contingent Consideration3 Mos. Ended

3 Mos. Ended

9 Mos. Ended

9 Mos. Ended30-Sep-11

30-Sep-10

30-Sep-11

30-Sep-10Net income Attributable to the Company

927,827

10,609,768

14,751,847

26,242,945Stock based
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SOURCE China Information Technology, Inc.
Copyright©2010 PR Newswire.
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