Fourth-Quarter 2011 Highlights:

• Revenue increased 24.3% year over year to $48.2 million
• Net income was $5.0 million, or $0.20 per diluted share
• Adjusted net income was $5.1 million, or $0.20 per diluted share(*)

Full Year 2011 Highlights:

• Revenue increased 36.1% year over year to $167.0 million
• Net income was $14.0 million, or $0.55 per diluted share
• Adjusted net income was $15.1 million, or $0.60 per diluted share(*)

"We are pleased to report another quarter of strong revenue growth, including stronger-than-expected results from our transportation business in ITS markets, which pushed 2011 revenues well ahead of our guidance," commented Mr. Shudong Xia. "On the bottom line, we achieved solid profitability despite the challenge of increasing project execution costs. In addition, we turned operating cash-flow positive in the fourth quarter due to improved collections towards year-end. We remain committed to growing our business alongside the favorable dynamics in China's transportation market."

Fourth-Quarter 2011 Results

For the quarter ended December 31, 2011, revenue increased 24.3% to $48.2 million from $38.8 million in the year-ago quarter. The increase in revenue was driven primarily by a 14.1% increase in transportation revenue, mainly resulting from strong performance in the highway ITS. Revenue from products and applications in the transportation business sector was $42.4 million, or 87.9% of total revenue, compared to $37.1 million, or 95.8% of total revenue, in the year-ago quarter. The remainder of revenue derived from Digital City, land and resources, and other business categories.

Gross profit decreased 8.8% to $12.6 million in the fourth quarter of 2011, as compared to $13.8 million in the year-ago quarter. The gross margin in the fourth quarter of 2011 decreased to 26.1% from 35.5% in the year-ago quarter, mainly due to lower margins year-over-year in the expanded ITS business. Sequentially, gross margin improved by more than 150 basis points from 24.5% in the third quarter of 2011.

Selling expenses were $1.6 million, compared to $1.3 million in the fourth quarter of 2010. General and administrative expenses were $8.0 million, compared to $5.9 million in the fourth quarter of 2010. The increase was primarily due to increases in year-end performance bonuses, as well as travel, entertainment and office expenses from expanded operations and higher sales volume. Total operating expenses were $9.6 million, an increase of 32.8% from $7.2 million in the year-ago quarter. Operating income decreased to $3.0 million from $6.6 million in the fourth quarter of 2010.

In the fourth quarter, subsidy income was $4.4 million, as compared to $0.1 million in the year-ago quarter, owing to several projects receiving government subsidies due to their qualification for national development policies, such as the Pedestrian Navigation project being developed by the Company.

Net income decreased 14.7% to $5.0 million, or $0.20 per diluted share, compared to $5.8 million, or $0.23 per diluted share, in the year-ago quarter. Adjusted net income, which excludes $0.1 million in non-cash stock-based compensation expense and $0.01 million in intangible amortization expense from acquisitions, decreased 10.9% to $5.1 million, or $0.20 per diluted share, compared to $5.8 million, or $0.23 per diluted share, in the comparable period of 2010(*). Weighted average diluted shares outstanding decreased to 25,272,585 shares from 25,279,920 shares in the year-ago quarter.

Full Year 2011 Results

Revenue for the year ended December 31, 2011, increased 36.1% to $167.0 million, compared to $122.7 million in 2010. Gross profit increased 5.3% to $44.7 million from $42.4 million a year ago. Operating income declined 25.6% to $14.9 million from $20.0 million in 2010. Net income decreased 9.7% to $14.0 million, or $0.55 per diluted share compared to net income of $15.5 million, or $0.63 per diluted share, in 2010.

Adjusted net income, which excludes non-cash stock based compensation expense of $1.0 million and amortization expense of intangibles from acquisitions of $0.1 million, decreased 9.9% to $15.1 million, or $0.60 per diluted share, compared to $16.8 million, or $0.68 per diluted share, in 2010(*). Weighted average diluted shares outstanding increased to 25.3 million shares from 24.7 million shares in 2010.

(*)Please refer to the table at the end of this press release for a reconciliation of net income and diluted earnings per share ("EPS") to exclude non-cash stock-based compensation and amortization expense of intangibles from acquisitions.

Financial Condition

As of December 31, 2011, cash and cash equivalents totaled $45.0 million, compared to $43.9 million as of December 31, 2010. The increase in cash and cash equivalents during 2011 was primarily due to a $22.1 million increase in the fourth quarter, which was primarily attributable to decreases in accounts receivable and prepayments during the fourth quarter. For the year ended December 31, 2011, cash flow from operations was positive $3.2 million due to improved collections toward the year end. Working capital increased to $97.3 million compared to $73.8 million as of December 31, 2010. Stockholders' equity was $149.9 million compared to $111.2 million as of December 31, 2010.

Recent Developments

On February 21, 2012, the Company announced that its Board of Directors had received a preliminary, non-binding proposal from its Chairman and Chief Executive Officer, Mr. Shudong Xia, in which Mr. Xia stated his intention to acquire all of the outstanding shares of the Company's common stock not currently owned by him in a going-private transaction at a proposed price of $5.65 per share in cash. According to the proposal letter, the acquisition is intended to be funded with a combination of debt and equity financing. Mr. Xia currently beneficially owns approximately 27.85% of the Company's common stock.

The Company's Board of Directors established a special committee of independent directors to consider this proposal and any additional proposals that may be made by Mr. Xia and his affiliates, if any. The special committee has retained William Blair & Company, L.L.C. as its financial advisor and Shearman & Sterling LLP as its legal counsel in consideration of such matters. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that a transaction with Mr. Xia or any other transaction will be approved or consummated.

Business Outlook

China TransInfo has successfully developed a first-generation commercial vehicle monitoring and control platform for the Ministry of Transport. To date, the Company has recorded more than 1.32 million vehicles registered on the platform and recorded approximately 460,000 active users. The Company has completed the development of its Freight Transport Safety Information Monitoring and Services System as well as the Passenger Coach Public Service Platform and put them into operation.

Mr. Xia continued, "At the end of the fourth quarter, our sales backlog was approximately $173 million, compared to $175 million at the end of the third quarter of 2011. We signed roughly $44 million in contracts during the fourth quarter. For the full 2012 fiscal year, we expect revenues to be approximately $170 million and adjusted net income, which excludes non-cash stock based compensation expense and amortization expense of intangibles from acquisitions, to be approximately $14 million."

Conference Call

The Company will host a conference call on Thursday, March 29, 2012, at 8:00 a.m. Eastern Daylight Time to discuss its financial results for the fourth quarter and full year ended December 31, 2011.

The earnings release will be available on the Investor Relations page of the Company's website at:

China TransInfo, through its affiliate, the Group Company and the Group Company's PRC operating subsidiaries, is primarily focused on providing urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest real time transportation information service provider and major fleet management service provider in China. As the co-formulator of several transportation technology national standards, the Company owns nine patents and has won a majority of the model cases awarded by the PRC Ministry of Transport. As a result, the Company is playing a key role in setting the standards for transportation information solutions in China. For more information, please visit the Company's website at http://www.chinatransinf....

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

BEIJING, March 29, 2011 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp. (Nasdaq: CTFO) ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation solutions and traffic information services in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today reported its financial results for the fourth quarter and full year ended December 31, 2010.

Fourth Quarter 2010 Highlights

• Revenue increased 36.3% year-over-year to $38.8 million
• Gross profit increased 37.4% year-over-year to $13.8 million
• Operating income increased 27.7% year-over-year to $6.6 million
• Net income increased 23.1% year-over-year to $5.8 million, or $0.23 per diluted share
• Adjusted net income, which excludes non-cash stock based compensation expense of $(0.1) million and amortization expense of intangibles from acquisitions of $0.05 million, increased 12.9% year-over-year to $5.8 million, or $0.23 per diluted share*

Full Year 2010 Highlights

• Revenue increased 92.7% year-over-year to $122.7 million
• Gross profit increased 67.3% year-over-year to $42.4 million
• Operating income increased 45.7% year-over-year to $20.0 million
• Net income increased 19.2% year-over-year to $15.5 million, or $0.63 per diluted share
• Adjusted net income, which excludes non-cash stock based compensation expense of $1.1 million and amortization expense of intangibles from acquisitions of $0.2 million, increased 23.9% year-over-year to $16.8 million, or $0.68 per diluted share*

"Our strong increase in sales in 2010 underscores the growing recognition of our brand name and technology in China as well as our successful integration of UNISITS," commented by Mr. Shudong Xia, Chairman and Chief Executive Officer. "During 2010, we have introduced several new products and solutions to the market and we were able to secure over 180 new contract wins from both new and existing clients. We continue to successfully market and sell our products and services to the highway and urban intelligent transportation system markets within the public sector in China and our total backlog as of year-end 2010 reached $212 million, an increase of 202.9% from year-end 2009 and 92.7% from the end of the third quarter of 2009. In addition to continuing to penetrate our existing markets, we believe that we can leverage on our extensive experience and capabilities in ITS markets to widen our scope of products and services to include commercial and consumer application services."

(*) See the table following this press release for a reconciliation of net income and diluted EPS to exclude non-cash stock based compensation expense and amortization expense of intangibles from acquisitions.

Fourth Quarter 2010 Results

For the quarter ended December 31, 2010, revenue increased 36.3% to $38.8 million from $28.4 million in the comparable period of 2009. Approximately 107.1% of this increase is attributable to the increase in transportation revenue mainly resulting from the Company's organic growth in the transportation business. Revenue from products and applications in the transportation business sector was $37.1 million, or 95.8% of total revenue, compared to $26.1 million, or 91.7% of total revenue, in the same period last year. The remainder of revenue was derived from the digital city, land & resources, and other business sectors. For the fourth quarter, the sales contribution of UNISITS was $25.2 million.

The Company's gross profit increased 37.4% to $13.8 million in the fourth quarter of 2010 compared to $10.0 million in the same period of 2009. Gross margin in the fourth quarter of 2010 is in line with that of the fourth quarter of 2009, increased slightly to 35.5% from 35.2% in the same period of 2009.

Selling, general and administrative expenses were $7.2 million compared to $4.9 million in the fourth quarter of 2009. The increase was primarily due to the Company's expanded operations and sales volume as well as the enhanced marketing activities. Operating income increased 27.7% to $6.6 million from $5.1 million in the fourth quarter of 2009.

Net income increased 23.1% to $5.8 million, or $0.23 per diluted share, compared to $4.8 million, or $0.21 per diluted share, in the same period of 2009. Adjusted net income, which excludes non-cash stock based compensation expense of $(0.1) million and amortization expense of intangibles from acquisitions of $0.05 million, increased 12.9% to $5.8 million, or $0.23 per diluted share, compared to $5.1million, or $0.23 per diluted share, in the comparable period of 2009.* Weighted average diluted shares outstanding increased to 25.3 million shares from 22.5 million shares in the fourth quarter of 2009.

(*) See the table following this press release for a reconciliation of net income and diluted EPS to exclude non-cash stock based compensation expense and amortization expense of intangibles from acquisitions.

Full Year Results

For the twelve months ended December 31, 2010, revenue increased 92.7% to $122.7 million from $63.7 million in 2009. The increase was attributable to the increase in transportation revenue mainly resulting from both the organic growth and the Company's expanded business as a result of the acquisition of UNISITS. Revenue from products and applications in the transportation business sector was $114.1 million, or 93.0% of total revenue, compared to $54.7 million, or 85.9% of total revenue, last year. The remainder of revenue was derived from the digital city, land & resources, and other business sectors. For full year 2010, the sales contribution from UNISITS was $79.5 million.

The Company's gross profit increased 67.3% to $42.4 million in 2010 compared to $25.4 million in 2009. Gross margin decreased to 34.6% from 39.8% in 2009. The decrease in gross margin was mainly attributable to the Company expanding into additional ITS markets through UNISITS, which resulted in a relatively lower gross margin on average when compared to the Company's gross margin in 2009.

Selling, general and administrative expenses were $22.5 million compared to $11.7 million in 2009. The increase was primarily due to the Company's expanded operations and sales volume, enhanced marketing activities, an increase in employees, and enhanced research and development efforts. Operating income increased 45.7% to $20.0 million from $13.7 million in 2009.

Net income increased 19.2% to $15.5 million, or $0.63 per diluted share, compared to $13.0 million, or $0.58 per diluted share, in 2009. Adjusted net income, which excludes non-cash stock based compensation expense of $1.2 million and amortization expense of intangibles from acquisitions of $0.2 million, increased 23.9% to $16.8 million, or $0.68 per diluted share, compared to $13.6 million, or $0.60 per diluted share, in 2009.* Weighted average diluted shares outstanding increased to 24.7 million shares from 22.5 million shares in 2009.

(*) See the table following this press release for a reconciliation of net income and diluted EPS to exclude non-cash stock based compensation expense and amortization expense of intangibles from acquisitions.

Financial Condition

As of December 31, 2010, cash and cash equivalents totaled $43.9 million compared to $27.4 million as of December 31, 2009. Working capital increased to $73.8 million compared to $44.4 million as of December 31, 2009. Stockholders' equity was $111.2 million compared to $77.8 million as of December 31, 2009. Cash provided by operating activities in 2010 was $3.9 million compared to $8.8 million in 2009, primarily due to an increase in accounts receivables associated with the Company's increase in sales, an increase in prepaid expenses associated with the Company's expanded businesses which required additional materials procurement for projects, offset by an increase in net profit, accounts payable, and net billings.

Recent Events

• On January 10, 2011, the Company signed an agreement with the Planning Institute under the PRC Ministry of Transportation to provide technical development and services for a pilot project to build and operate a traffic data collection, analysis, and service system for national trunk roads. The contract is valued at approximately RMB 12 million (approximately $1.8 million) and will be classified within the Company's government solutions business.
• On December 28, 2010, Beijing Zhangcheng Science and Technology Co., Ltd., one of the Group Company's subsidiaries, has signed a contract with the Beijing Transportation Information Center to develop a commercial operation center to provide dynamic traffic-information services to drivers in Beijing. The contract is valued at RMB 6.2 million (approximately $0.9 million) and will be classified within the Company's traffic information service business.
• On December 23, 2010, the Company announced that Mr. Shudong Xia, the Company's Chairman and Chief Executive Officer, has adopted a Rule 10b5-1 plan under which he plans to purchase up to $2.0 million worth of the Company's shares of common stock.
• On December 21, 2010, the Company announced that its Board of Directors has approved the appointment of Mr. Roger (Rong) Zhang as the Company's Chief Financial Officer, effective January 1, 2011.
• On December 16, 2010, the Company announced that its subsidiary Shanghai Yootu Information Technology Co., Ltd. has recently placed a successful bid with China Mobile Group Liaoning Company Limited for providing real-time traffic information service to Liaoning Mobile in five cities: Shenzhen, Chongqing, Chengdu, Dalian and Wuhan.

Business Outlook

China TransInfo's sales backlog increased 92.7% to $ 212 million as of December 31, 2010, from $110 million as of September 30, 2010. The Company expects sustainable gross margins in the ITS business. Over time, the Company expects to see a gradual improvement in its gross margin performance driven by extension of its product lines into the recurring revenue service markets. For fiscal 2011, China TransInfo expects revenue of between $151 million and $159 million and non-GAAP net income of between $20 million and $24 million. Non-GAAP net income excludes non-cash stock based compensation expense and amortization expense of intangibles from acquisitions.

Mr. Xia concluded, "Based on our successful track record and reputation, we believe there are significant opportunities to grow revenue from our existing clients by winning follow-on contracts for subsequent phases of project implementation, and by capitalizing on our first mover advantage and the higher cost for customers to switch to other vendors. We expect to provide additional value-added services and add-ins to our current platform through continuous research and development, enhancement of our product and service offerings and maintenance of our technological leadership position in our core areas of focus. Our goal is to become the largest provider of intelligent transportation system products and related comprehensive technology solutions in China, as well as a major operator and provider of value-added intelligent transportation systems and location-based services to commercial clients and consumers in China."

Conference Call

The Company will host a conference call on Tuesday, March 29, 2011, at 8:00 a.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2010. To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (866) 759-2078. International callers should dial +1 (706) 643-0585. When prompted by the operator, enter conference pass code 54287649. A replay will be available for 14 days starting on Tuesday, March 29, 2011 at 10:00 a.m. Eastern Time and can be accessed by dialing (800) 642-1687. International callers should dial +1 (706) 645-9291. When prompted, enter conference pass code 54287649.

Use of Non-GAAP Financial Information

GAAP results for the three and twelve months ended December 31, 2010 and 2009 include non-cash share based compensation and amortization of intangible assets from acquisitions. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information, which are adjusted net income and adjusted earnings per share, excluding the impact of these items in this release. The Company's management believes that these non-GAAP measures provide investors with a better understanding of how the results relate to the Company's historical performance. The additional adjusted information is not meant to be considered in isolation or as a substitute for GAAP financials. The adjusted financial information that the Company provides also may differ from the adjusted information provided by other companies. Management believes that these adjusted financial measures are useful to investors because they exclude non-cash expenses that management excludes when it internally evaluates the performance of the Company's business and makes operating decisions, including internal budgeting, and performance measurement, as these measures provide a consistent method of comparison to historical periods. As a result, the provision of these adjusted measures allows investors to evaluate the Company's performance using the same methodology and information as that used by the Company's management. Moreover, management believes that these adjusted measures reflect the essential operating activities of the Company. 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 adjusted financial measure. However, the Company's management compensates for these limitations by providing the relevant disclosure of the items excluded. A reconciliation of adjustments to GAAP results appears in Table 1 in this release.

About China TransInfo

China TransInfo, through its affiliate, the Group Company and the Group Company's PRC operating subsidiaries, is primarily focused on providing urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest real time transportation information service provider and major fleet management service provider in China. As the co-formulator of several transportation technology national standards, the Company owns five patents and has won a majority of the model cases awarded by the PRC Ministry of Transportation. As a result, the Company is playing a key role in setting the standards for transportation information solutions in China. For more information, please visit the Company's website at http://www.chinatransinfo.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

–FINANCIAL TABLES FOLLOW—

Continued

SOURCE China TransInfo Technology Corp.

Source: PR Newswire (March 29, 2011 - 7:01 AM EDT)

According to the contracts, China TransInfo will provide ETC electronics engineering machinery systems, ETC application system development and upgrading services, and 10,000 onboard electronic tags for highway authorities in Shanxi Province. The Company will also provide 10,000 onboard electronic tags and 120 readers for highway authorities in Shandong Province and Sichuan Province. Of the RMB 44.6 million total revenue contribution from the contracts, RMB 12.0 million is expected to be recognized through the balance of 2010, with the remaining RMB 32.6 million expected to be recognized in 2011 and 2012.

China TransInfo has become one of the top three players in the ETC sector and has the highest annual growth rate in market share. In 2007, China rolled out domestic ETC standards. In 2008, the government started to promote ETC, first with pilot projects in several provinces and regions and then expanded them to build a national ETC network. As one of only eight companies with a track record of successfully selling related products, China TransInfo won its first ETC project in Zhejiang Province in 2009, and then went on to win bids in Jiangsu, Shandong, Shaaxi Shanxi provinces and Tianjin Municipality.

"We are excited about the significant progress we have made in the ETC market," commented Mr. Shudong Xia, Chairman and Chief Executive Officer. "This year, with one exception, we have won projects in every province and municipality in China that solicited new bids. Our recent success in Shanxi, Shandong and Sichuan provinces further demonstrates strong market recognition for our products and technology and increases our market penetration in different regions, paving a solid foundation for us to continue to expand nationally. We expect strong growth in the ETC market as regulatory authorities continue to push implementation and car owners increasingly purchase and install onboard electronic tags. Based on our advanced technology, product advantage, brand equity and solid customer relations, we are confident that we will continue to benefit from the growth of the ETC market."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Email: ir@ctfo.com
     Tel    +86-10-5169-1657

    Investor Relations Contact:
     Mr. Athan Dounis, Account Manager
     Email: athan.dounis@ccgir.com
     Tel:   +1-646-213-1916

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

    Second Quarter 2010 Highlights
    -- Revenue increased 151.1% year-over-year to $24.0 million
    -- Gross profit expanded 104.7% year-over-year to $9.6 million; gross
       margin was 39.9%, up 5.6 percentage points from the first quarter of
       2010
    -- Operating income grew 60.9% year-over-year to $4.6 million
    -- Adjusted net income increased 41.9% year-over-year to $4.1 million, or
       $0.16 per fully diluted share
    -- Majority-owned subsidiary, Beijing UNISITS Technology Corp. LTD
       ("UNISITS") was selected to design a highway management program in
       Chongqing, as part of the pioneer project for the National Highway
       Information Grid
    -- Launched the Company's Information and Control System for major
       commercial vehicles (the "IC System") at the World Expo in Shanghai
    -- Launched its Fleet Management Service business in Hunan Province

"After acquiring a majority stake in UNISITS, we have maintained our focus on further enhancing the synergies between the two companies and improving gross margin. We are delighted that both UNISITS and our legacy business enjoyed strong growth and improving margins due to an increasing number of higher margin contracts," commented by Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "Meanwhile, we continued to enhance our position in the transportation information industry through our participation in the National Highway Information Grid and the debut of our IC System at the World Expo in Shanghai. The launch of our Fleet Management Service business in Hunan Province is a major milestone for us, and we expect it to begin contributing to our financial results in the fourth quarter of 2010."

Second Quarter 2010 Results

For the quarter ended June 30, 2010, revenue increased 151.1% to $24.0 million from $9.6 million in the comparable period of 2009. Revenue from products and applications in the transportation business sector was $22.6 million, or 93.9% of total revenue, as compared to $6.5 million, or 68.3% of total revenue, in the same period last year, primarily as a result of the UNISITS acquisition. For the second quarter, UNISITS contributed approximately $16.31 million of sales. The remainder of revenue was derived from the digital city, land & resources, and other business sectors.

The Company's gross profit increased 104.7% to $9.6 million in the second quarter of 2010, compared to $4.7 million in the same period of 2009. Gross margin improved 5.60 percentage points to 39.9% from 34.3% in the first quarter of 2010, though still lower than 48.9% in the same period of prior year. The decrease in gross margin resulted from the consolidation of UNISITS' financials into those of China TransInfo, since UNISITS' business involves more hardware components, which have much lower gross margins than do the products and services of the Company's legacy transportation business. However, in the second quarter, gross margin of UNISITS also improved to 29.7% from 25.4% in the first quarter, while that of legacy business hit a historical high of 61.3%.

Operating expenses were $5.0 million, as compared to $1.8 million in the second quarter of 2009. The increase was primarily due to the Company's expansion initiatives, enhanced research and development efforts as well as higher staffing and professional fees. Notably, the growth of selling expenses was well below the revenue growth rate. Selling expenses increased 48.4% to $0.5 million, or 1.9% of sales in the second quarter of 2010, from $0.3 million, or 3.2% of sales, during the same period of 2009. The decrease in selling expenses as a percentage of sales was primarily because the Company won many contracts from repeat customers due to its technology leadership and reputation, rather than through aggressive sales and marketing efforts.

Operating income increased 60.9% to $4.6 million, as compared to $2.8 million in the second quarter of 2009.

Other income was $0.7 million in the second quarter of 2010, compared to $0.1 million in the second quarter of 2009. The increase was due to subsidy income of $0.7 million in the second quarter of 2010 related to government high technology grants.

Net income attributable to the Company increased 28.9% to $3.6 million, or $0.14 per diluted share, as compared to $2.8 million, or $0.13 per diluted share, in the same period of 2009. Adjusted net income attributable to the Company, excluding non-cash stock based compensation expense and amortization expense of intangibles from acquisitions, increased 41.9% to $4.1 million, or $0.16 per diluted share, as compared to $2.9 million, or $0.13 per diluted share, in the comparable period of 2009. Weighted average diluted shares outstanding increased to 25.1 million shares, from 22.4 million shares in the second quarter of 2009.

         Table 1: CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES

                  RECONCILIATION OF NON-GAAP FINANCIAL DATA

                                             For the three months ended
                                           June 30, 2010      June 30, 2009
                                                    Diluted            Diluted
                                        Net Income    EPS   Net Income   EPS
    Adjusted Amount                      4,073,296    0.16   2,870,742   0.13

    Adjustments
    Amortization of intangible assets
     from acquisitions (1)                  47,100    0.00       4,362   0.00
    Non-cash share based compensation      416,278    0.02      66,737   0.00
    Amount per consolidated statement of
     operations                          3,609,917    0.14   2,799,643   0.13


                                              For the six months ended
                                           June 30, 2010      June 30, 2009
                                                    Diluted            Diluted
                                        Net Income    EPS   Net Income   EPS
    Adjusted Amount                      6,293,896    0.26   4,383,448   0.20

    Adjustments
    Amortization of intangible assets
     from acquisitions (1)                  94,175    0.00       8,721   0.00
    Non-cash share based compensation      830,765    0.03     126,398   0.01
    Amount per consolidated statement of
     operations                          5,368,956    0.22   4,248,329   0.19

    (1) Amortizations of intangible assets from acquisitions for Q1 2010
         includes amortizations of intangible assets from acquisitions of
         China TranWiseway in 2008 and UNISITS in 2009

Six Months Results

Revenue for the six months ended June 30, 2010 increased 204.1% to $48.9 million, as compared to $16.1 million in the same period of 2009. Gross profit expanded 126.3% to $18.1 million from $8.0 million a year ago. Operating income grew 91.6% to $8.2 million from $4.3 million in the first six months of 2009. Net income attributable to the Company increased 26.4% to $5.4 million, or $0.22 per diluted share, as compared to net income of $4.2 million, or $0.19 per diluted share, in the first six months of 2009. Adjusted net income attributable to the Company excluding non-cash expenses increased 43.6% to $6.3 million, or $0.26 per diluted share, as compared to $4.4 million, or $0.20 per fully diluted share, in the first six months of 2009. Weighted average fully diluted shares outstanding increased to 24.1 million shares from 22.4 million shares in the first six months of 2009.

Financial Condition

As of June 30, 2010, cash and cash equivalents totaled $25.2 million, compared to $27.4 million as of December 31, 2009. Working capital increased to $62.5 million, compared to $44.4 million as of December 31, 2009. Stockholders' equity was $95.4 million, compared to $77.8 million as of December 31, 2009. Cash used in operating activities was $11.6 million, primarily the result of an increase in accounts receivable due to increased sales, seasonally slow collections, and an increase in other receivables and certain prepaid expenses. The Company believes these are all seasonal factors and expects cash flow from operations to improve in the second half of 2010.

Business Outlook

"There are vast business opportunities available in China's transportation information industry, due in large part to the government's emphasis on leveraging technology to manage the country's overwhelming traffic flow. The acquisition of UNISITS further strengthens our leading position in the Intelligent Transportation Systems (ITS) market and we look forward to increasing penetration in the highway segment while consolidating our foothold in the urban transportation market," commented Mr. Xia. "Our new fleet management business represents a largely untapped commercial market that enjoys strong support from the government. We believe we are well positioned to emerge as a major player in this evolving market."

For fiscal 2010, the Company reaffirms its previous guidance for revenue of approximately $120 million and adjusted net income of approximately $18 million. Historically, the Company sees lower sales during the first half than the second half of the year due to governmental seasonal budgeting activities.

Conference Call

The Company will host a conference call on Friday, August 13, 2010 at 8:00 a.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2010.

To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (877) 406-6165. International callers should dial (706) 902-4263. When prompted by the operator, enter conference pass code 895 061 40.

A replay will be available for 14 days starting on Friday, August 13, 2010 at 9:00 a.m. Eastern Time and can be accessed by dialing (800) 642-1687. International callers should dial (706) 645-9291. When prompted, enter conference pass code 895 061 40.

Use of Non-GAAP Financial Information

GAAP results for the three and six months ended June 30, 2010 and 2009 include non-cash share based compensation and amortization of intangible assets from acquisitions. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information, which are adjusted net income and adjusted earnings per share, excluding the impact of these items in this release. The Company's management believes that these non-GAAP measures provide investors with a better understanding of how the results relate to the Company's historical performance. The additional adjusted information is not meant to be considered in isolation or as a substitute for GAAP financials. The adjusted financial information that the Company provides also may differ from the adjusted information provided by other companies. Management believes that these adjusted financial measures are useful to investors because they exclude non-cash expenses that management excludes when it internally evaluates the performance of the Company's business and makes operating decisions, including internal budgeting, and performance measurement, as these measures provide a consistent method of comparison to historical periods. As a result, the provision of these adjusted measures allows investors to evaluate the Company's performance using the same methodology and information as that used by the Company's management. Moreover, management believes that these adjusted measures reflect the essential operating activities of the Company. 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 adjusted financial measure. However, the Company's management compensates for these limitations by providing the relevant disclosure of the items excluded. A reconciliation of adjustments to GAAP results appears in Table 1 in this release.

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

                          -FINANCIAL TABLES FOLLOW-



         Table 2: CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES

                   Condensed Consolidated Income Statement

                               Three Months Ended       Six Months Ended
                                     June 30,                June 30,
                                2010         2009        2010          2009

    Net sales                $24,045,906  $9,577,921  $48,933,381  $16,091,316
    Cost of sales             14,463,937   4,895,845   30,818,236    8,086,742
    Gross profit               9,581,969   4,682,076   18,115,145    8,004,574
    Total operating Expenses   4,999,719   1,834,616    9,867,176    3,700,335
    Income from operations     4,582,250   2,847,460    8,247,969    4,304,239
    Non-operating income
     (expense):
     Interest income              46,442      18,744       76,928       32,483
     Interest expense           (105,457)    (44,268)    (203,311)     (89,989)
     Subsidy income              727,581      89,982      754,024      119,284
     Other expense, net          (17,918)      7,063      (74,829)       6,868
      Total non-operating
       income                    650,648      71,521      552,812       68,646
    Income before income taxes,
     non-controlling interests,
     and gain on equity
     investments in affiliates 5,232,898   2,918,981    8,800,781    4,372,885
    Income taxes:                464,027      24,203      839,823       24,082
    Net income before non-
     controlling interests
     and gain on equity
     investments in
     affiliates net income     4,768,871   2,894,778    7,960,958    4,348,803
    Gain (loss) on equity
     investments in
     affiliates due to
     proportional shares of
     the affiliates
     net income                   57,206          --     (301,589)          --
    Net income before non-
     controlling interests     4,826,077   2,894,778    7,659,369    4,348,803
     Non-controlling
      interests in net
      income of subsidiary     1,216,160      95,135    2,290,413      100,474
    Net income                $3,609,917  $2,799,643   $5,368,956   $4,248,329
     Weighted average
      number of shares of
      outstanding:
      Basic                   25,051,414  22,215,551   24,031,595   22,201,432
      Diluted                 25,096,523  22,394,557   24,088,927   22,376,216
     Earnings per share -
      Basic                        $0.14       $0.13        $0.22        $0.19
      Diluted                      $0.14       $0.13        $0.22        $0.19
     Comprehensive income
     Net income
      including
      noncontrolling
      interest                $4,826,077  $2,894,778   $7,659,369   $4,348,803
     Translation
      adjustments                340,372      60,485      341,398     (105,465)
     Comprehensive income     $5,166,449  $2,955,263   $8,000,767   $4,243,338
     Comprehensive income
      attributable to
      noncontrolling interest $1,216,160     $95,135   $2,290,413     $100,474
     Comprehensive income
      attributable to CTFO    $3,950,289  $2,860,128   $5,710,354   $4,142,864



          Table 3: CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES

                     Condensed Consolidated Balance Sheets

                                                      June 30,     December 31,
                                                        2010           2009
                                                     (Unaudited)

    ASSETS
    Cash and cash equivalents                        $25,224,837   $27,400,420
    Restricted cash                                    2,931,719     1,591,076
    Accounts receivable, net of allowance for
     doubtful accounts of $45,071 and $38,209,
     respectively                                     22,330,831    14,968,778
    Inventories                                          539,611       482,286
    Costs and estimated earnings in excess of
     billings on incompleted contracts                35,672,455    33,853,708
    Prepaid expenses and other current assets         12,877,524     5,871,997
    Other receivables                                 10,048,905     8,416,096
    Deferred income tax assets                            24,769        28,715
    Total current assets                             109,650,651    92,613,076
    Property and equipment, net                       10,055,682    10,541,486
    Long-term investments                              6,996,939     8,027,122
    Intangible assets, net                             5,302,110     4,494,781
    Goodwill                                          10,020,447     9,979,631
    Other assets                                         976,674       826,671

    Total assets                                    $143,002,503  $126,482,767

    LIABILITIES AND
     STOCKHOLDERS' EQUITY
    Accounts payable                                 $23,649,449   $20,728,539
    Short-term borrowings from banks                   8,911,650     7,481,700
    Billings in excess of costs and estimated
     earnings on incompleted contracts                11,100,255    17,021,936
    Accrued expenses and other current liabilities     3,510,331     3,022,140
    Total current liabilities                         47,171,685    48,254,315
    Other long-term liabilities                          389,756       389,489

    Total liabilities                                 47,561,441    48,643,804

    Commitments and contingencies                             --            --

    Stockholders' equity
    Preferred stock, $0.001 par value per share,
     authorized 10,000,000 shares, no shares
     issued and outstanding at June  30, 2010 and
     December 31, 2009                                        --            --
    Common stock, $0.001 par value per share,
     authorized 150,000,000 shares, issued and
     outstanding 25,245,069 and 22,452,745 shares,
     respectively                                         25,245        22,453
    Additional paid-in capital                        43,222,562    25,253,666
    Retained earnings                                 37,317,279    31,948,323
    Non-controlling interests                         12,419,532    18,499,475
    Accumulated other comprehensive income             2,456,444     2,115,046

    Total stockholders' equity                        95,441,062    77,838,963

    Total liabilities and stockholders' equity      $143,002,503  $126,482,767



         Table 4: CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES

         Condensed Consolidated Statements of Cash Flows (unaudited)

                                                      Six Months Ended June 30,
                                                           2010        2009

    CASH FLOWS FROM OPERATING
     ACTIVITIES:
    Net income                                          $5,368,956  $4,248,329
    Adjustments to reconcile net income to net cash
     provided by operating activities:
      Non-controlling interests                          2,290,413     100,474
      Depreciation and amortization expense              1,021,829     491,752
      Stock-based compensation                             843,481     126,398
      Gain on equity investments in affiliates due
       to proportional shares of the affiliates
       net income                                          301,589          --
      Loss on disposal of property and equipment             6,370          --
      Allowance for doubtful accounts                        6,677          --
      (Increase) Decrease in assets:
        Restricted cash                                 (1,328,611)   (371,248)
        Accounts receivable                             (7,277,274) (1,452,048)
        Inventories                                        (55,123)    (38,898)
        Prepaid expenses and other current assets       (3,950,462)    606,919
        Other receivables                               (1,596,043)    (63,283)
        Cost of estimated earnings in
         excess of billings on incompleted contracts    (1,673,328) (4,938,381)
        Other assets                                    (2,451,029)         --
      Decrease (Increase) in liabilities:
        Accounts payable                                 2,824,509    (882,636)
        Billings in excess of costs and
         estimated on incompleted contracts             (5,966,489)   (365,051)
        Accrued expenses and other current liabilities      77,457    (833,370)
    Net cash used in operating activities              (11,557,078) (3,371,043)

    CASH FLOWS FROM INVESTING ACTIVITIES:
      Increase in other non-current asset                       --     (38,081)
      Proceeds from disposal of property and equipment       5,520          --
      Purchases of property and equipment                 (420,344) (1,204,584)
      Disposal of property and equipment                    11,889          --
      Payments for acquisition of companies               (258,761)   (475,620)
      Dividends from subsidiaries'
       and variable interest entity                         50,973          --
      Purchases of intangible assets                      (888,986) (1,414,756)
    Net cash used in investing activities               (1,499,709) (3,133,041)

    CASH FLOWS FROM FINANCING
     ACTIVITIES:
      Proceeds from short-term borrowings                4,474,045          --
      Payments of short-term borrowings                 (3,080,490)         --
      Non-controlling interest
       shareholders' capital contribution                       --      87,960
      Proceeds from issuing common shares               10,000,000          --
      Payments to related parties                               --    (449,153)
      Payments of transaction costs
       related to shares issuance                               --     (32,500)
      Payments to third parties for stock financing       (610,439)         --
    Net cash used in financing activities               10,783,116    (393,693)

    Effect of foreign currency translation                  98,088     (16,643)

    Net decrease in cash and cash equivalents           (2,175,583) (6,914,420)
    Cash and cash equivalents - beginning of period     27,400,420  16,122,464
    Cash and cash equivalents - end of period          $25,224,837  $9,208,044

    Supplemental disclosures of cash flow information:
      Interest paid                                        $90,874     $89,989
      Income taxes paid                                   $447,795     $20,364


    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Email: ir@ctfo.com
     Tel  +86-10-5169-1657

    Investor Relations Contact:
     Mr. Athan Dounis, Account Manager
     Email: athan.dounis@ccgir.com
     Tel:   +1-646-213-1916

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Tel: +1-646-213-1915

     CCG Investor Relations
     Web: http://www.ccgirasia.com

According to the contracts, China TransInfo will provide roadside ETC antennas for four roads in Shaanxi Province, six roads in Tianjin Municipality and 18 roads in Jiangsu Province. These antennas will be installed near highway toll stations to electronically deduct toll fees from cars with onboard electronic tags without requiring cars to stop or slow down.

The installation of roadside ETC antennas is just the first step by China's transportation authority to build a national ETC network with the goal of improving transportation efficiency. As the next step, the government plans to promote onboard electronic tags to car owners who value transportation efficiency on the road.

At year-end 2009, the highway system in Jiangsu Province was 3,745 kilometers long, ranking fourth in China's provincial highway network. The highway length in Shaanxi Province and Tianjin Municipality reached 2,526 kilometers and 840 kilometers, respectively, at year-end 2009.

"Electronic toll collection technologies are gaining acceptance across China as the government has ramped up efforts to improve transportation efficiency nationwide," commented Mr. Shudong Xia, Chairman and CEO of China TransInfo. "For example, China's transportation authority will begin building a regional ETC network in the Yangzi Delta region and in the Beijing-Tianjin- Heibei region. With that, we believe a significant number of car owners will choose to install onboard electronic tags, which presents a significant opportunity for us in this consumer-oriented market. Given our early entry in the ETC market and successful commercial experience in the beta contracts we just announced, we believe we are well-positioned to benefit from the continued expansion of ETC systems in China."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Email: ir@ctfo.com
     Tel:   +86-10-5169-1657

    Investor Relations Contact:
     Mr. Athan Dounis, Account Manager
     Email: athan.dounis@ccgir.com
     Tel:   +1-646-213-1916 begin_of_the_skype_highlighting              +1-646-213-1916      end_of_the_skype_highlighting

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915 begin_of_the_skype_highlighting              +1-646-213-1915      end_of_the_skype_highlighting
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

    First Quarter 2010 Highlights
    -- Revenue increased 282.1% year-over-year to $24.9 million
    -- Gross profit expanded 156.8% year-over-year to $8.5 million
    -- Operating income grew 151.6% year-over-year to $3.7 million
    -- Adjusted net income increased 46.8% year-over-year to $2.2 million, or
       $0.10 per fully diluted share
    -- Awarded an intelligent transportation system contract in Zhejiang
       Province valued at approximately USD $22.9 million through its VIE
       subsidiary Beijing UNISITS Technology Co., Ltd. ("UNISITS")
    -- Raised $10 million in gross proceeds by issuing and selling 1.6 million
       shares in a registered direct offering to SAIF Partners III L.P.
    -- The Company and the Company's variable interest entity, China TransInfo
       Technology Group Co., gained majority equity ownership of Beijing
       UNISITS Technology Co. Ltd. ("UNISITS)

"During the first quarter of 2010, we continued to experience strong demand for our innovative solutions for traffic management," commented Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "As a result, revenue more than tripled and adjusted net income increased almost 50% year over year. Our $10 million equity financing from SAIF Partners enabled us to acquire the majority stake in UNISITS. This is a significant acquisition for us, which solidifies our strategic commitment to gain market share in the expressway market and expand our geographic penetration."

Unaudited First Quarter 2010 Results

For the quarter ended March 31, 2010, revenue increased 282.1% to $24.9 million, as compared to $6.5 million in the comparable period of 2009. Revenue from products and applications in the transportation business sector increased 417.0% to $24.5 million, or 98.3% of total revenue, as compared to $4.7 million, or 72.7% of total revenue, in the same period last year. The remainder of revenues were derived from the digital city, land & resources, and other business sectors.

The Company's gross profit increased 156.8% to $8.5 million in the first quarter of 2010, compared to $3.3 million in the same period of 2009. Gross margin was 34.3%, compared to 51.0% during the same period of 2009. The decrease in gross margin resulted from the consolidation of UNISITS' financials into those of China TransInfo, since UNISITS' business involves more hardware components, which have much lower gross margins than do the products and services of the Company's legacy transportation business.

Operating expenses were $4.9 million, as compared to $1.9 million in the first quarter of 2009. The increase was primarily due to the Company's expansion initiatives, including additional marketing activities, as well as higher staffing and professional fees.

Operating income increased 151.6% to $3.7 million, as compared to $1.5 million in the first quarter of 2009.

Net income attributable to the Company increased 21.4% to $1.8 million, or $0.08 per fully diluted share, as compared to $1.4 million, or $0.06 per fully diluted share, in the same period of 2009. Adjusted net income attributable to the Company, excluding non-cash stock based compensation expense and amortization expense of intangibles from acquisitions, increased 46.8% to $2.2 million, or $0.10 per fully diluted share, as compared to $1.5 million, or $0.07 per fully diluted share, in the comparable period of 2009. Weighted average fully diluted shares outstanding increased to 23.1 million shares, as compared to 22.3 million shares in the first quarter of 2009.

               CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
                    RECONCILIATION OF NON-GAAP FINANCIAL DATA

                                For the three months     For the three months
                                       ended                    ended
                                     31-Mar-10                31-Mar-09
                               Net Income  Diluted EPS  Net Income Diluted EPS
    Adjusted Amount             2,220,600       0.10     1,512,706      0.07

    Adjustments
    Amortization of intangible
     assets from
     acquisitions (1)              47,075       0.00         4,359      0.00
    Non-cash share based
     compensation                 414,486       0.02        59,661      0.00
    Amount per consolidated
     statement of operations    1,759,039       0.08     1,448,686      0.06

    (1) Amortizations of intangible assets from acquisitions for Q1 2010
        includes amortizations of intangible assets from acquisitions of China
        TranWiseway in 2008 and UNISITS in 2009

Financial Condition

As of March 31, 2010, cash and cash equivalents totaled $25.8 million, compared to $27.4 million at year-end 2009. Working capital increased to $53.3 million, compared to $44.4 million at the year-end 2009. Stockholders' equity was $86.5 million, compared to $77.8 million at year-end 2009.

Recent Events

On April 22, China TransInfo announced that the Company launched its Fleet Management Service business in Hunan Province, following the official debut of its Information and Control System ("IC System") for the World Expo in Shanghai.

On April 20, the Company announced that the Company's Information and Control System for major commercial vehicles (the "IC System") was officially launched on April 14 at the World Expo in Shanghai that runs for six months from May 1, 2010 to October 31, 2010.

On April 15, China TransInfo announced that its majority-owned subsidiary, UNISITS Technology Corp. LTD ("UNISITS"), was selected to design a highway management program in Chongqing. This program is the pioneer project for the National Highway Information Grid.

Business Outlook

"We continue to be optimistic about our business opportunities in China's transportation information industry, where we clearly benefit from our first mover advantage in an industry with few major players," commented Mr. Xia. "With the debut of the IC System, the launch of our Fleet Management Service business, and our participation in the National Highway Information Grid, we have leveraged major synergies from our acquisition of UNISITS. We believe the Company will sustain its strong growth through recurring revenue streams from diverse products and services."

For fiscal 2010, the Company reaffirms its previous guidance for revenue of approximately $120 million and adjusted net income of approximately $18 million.

Conference Call

The Company will host a conference call on Friday, May 14, 2010 at 8:00 a.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2010.

Mr. Troy Mao, chief financial officer, and Ms. Fan Zhou, investor relations director, will host the call.

To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (877) 406-6165. International callers should dial (706) 902-4263. When prompted by the operator, enter conference pass code 745 230 49.

A replay will be available for 14 days starting on Friday, May 14, 2010 at 9:00 a.m. Eastern Time and can be accessed by dialing (800) 642-1687. International callers should dial (706) 645-9291. When prompted, enter conference pass code 745 230 49.

Upcoming Events

China TransInfo will present at the Second Annual China Rising Investment Conference by CCG Investor Relations on May 17th, and the Oppenheimer 4th Annual China Dragon Call Conference on May 19th. China TransInfo will also conduct a non-deal road show the week of May 17th in New York, Denver and San Francisco.

Use of Non-GAAP Financial Information

GAAP results for the three months ended March 31, 2010 and 2009 include non-cash share based compensation and amortization of intangible assets from acquisitions. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information, which is adjusted net income and adjusted earnings per share, excluding the impact of these items in this release. The Company's management believes that these non-GAAP measures provide investors with a better understanding of how the results relate to the Company's historical performance. The additional adjusted information is not meant to be considered in isolation or as a substitute for GAAP financials. The adjusted financial information that the Company provides also may differ from the adjusted information provided by other companies. Management believes that these adjusted financial measures are useful to investors because they exclude non-cash expenses that management excludes when it internally evaluates the performance of the Company's business and makes operating decisions, including internal budgeting, and performance measurement, as these measures provide a consistent method of comparison to historical periods. As a result, the provision of these adjusted measures allows investors to evaluate the Company's performance using the same methodology and information as that used by the Company's management. Moreover, management believes that these adjusted measures reflect the essential operating activities of the Company. 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 adjusted financial measure. However, the Company's management compensates for these limitations by providing the relevant disclosure of the items excluded. A reconciliation of adjustments to GAAP results appears below.

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

                             - FINANCIAL TABLES FOLLOW -



                 CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
                            Consolidated Balance Sheets

                                            March 31, 2010         December
                                              (unaudited)          31, 2009
    ASSETS
    Cash and cash equivalents             $    25,813,902 $       27,400,420
    Restricted cash                             2,415,677          1,591,076
    Accounts receivable, net of allowance
     for doubtful accounts of $78,894 and
     $38,209, respectively                     18,755,332         14,968,778
    Inventories                                   277,891            482,286
    Cost and estimated earnings in excess
     of billings on                            31,343,191         33,853,708
    Prepaid expenses and other current
     assets                                     8,564,240          5,871,997
    Other receivables                          11,486,588          8,416,096
    Deferred income tax assets                         --             28,715
    Total current assets                       98,656,821         92,613,076
    Property and equipment, net                10,396,034         10,541,486
    Long-term investments                       7,668,204          8,027,122
    Intangible assets, net                      4,928,837          4,494,781
    Goodwill                                    9,979,631          9,979,631
    Other assets                                  851,338            826,671

    Total assets                          $   132,480,865 $      126,482,767

    LIABILITIES AND STOCKHOLDERS' EQUITY
    Accounts payable                      $    18,663,914 $       20,728,539
    Short-term borrowings from banks            7,408,350          7,481,700
    Billings in excess of costs and
     estimated earnings on                     12,604,377         17,021,936
    Accrued expenses and other current
     liabilities                                6,692,595          3,022,140
    Total current liabilities                  45,369,236         48,254,315
    Other long-term liabilities                   997,707            389,489

    Total liabilities                          46,366,943         48,643,804

    Commitments and contingencies                      --                 --

    Stockholders' equity
      Preferred stock, $0.001 par value per
       share, authorized 10,000,000 shares,
       no shares issued and outstanding at
       March 31, 2010 and December 31, 2009            --                 --
      Common stock, $0.001 par value per
       share, authorized 150,000,000 shares,
       issued and outstanding 24,070,638 and
       22,452,745 shares, respectively             24,071             22,453
      Additional paid-in capital               40,646,705         25,253,666
      Retained earnings                        33,707,361         31,948,323
      Non-controlling interests                 9,619,714         18,499,475
      Accumulated other comprehensive income    2,116,072          2,115,046

    Total stockholders' equity                 86,113,923         77,838,963

    Total liabilities and stockholders'
     equity                                 $ 132,480,865  $     126,482,767



                CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
             Condensed Consolidated Statements of Income (unaudited)

                                               Three Months Ended March 31,
                                                   2010            2009

    Net sales                               $   24,887,475  $    6,513,395
    Cost of sales                               16,354,299       3,190,897
    Gross profit                                 8,533,176       3,322,498
    Total operating expenses                     4,867,457       1,865,719

    Income from operations                       3,665,719       1,456,779

    Non-operating income (expense):
      Interest income                               30,486          13,739
      Interest expense                             (97,854)        (45,721)
      Subsidy income                                26,443          29,302
      Other expense, net                           (56,911)           (195)
    Total non-operating expenses                   (97,836)         (2,875)

    Income before income taxes, non-
     controlling interests, and gain on
     equity investments in affiliates            3,567,883       1,453,904
    Income taxes                                   375,796            (121)

    Net income before non-controlling
     interests and gain on equity
     investments in affiliates' net income       3,192,087       1,454,025
    Gain (loss) on equity investments in
     affiliates due to proportional shares
     of the affiliates net income                 (358,795)             --

    Net income before non-controlling
     interests                                   2,833,292       1,454,025
    Non-controlling interests in net income
     of subsidiary                               1,074,253           5,339

    Net income                              $    1,759,039  $    1,448,686

    Weighted average number of shares
     outstanding:
      Basic                                     23,011,775      22,187,314
      Diluted                                   23,100,630      22,297,228

    Earnings per share:
      Basic                                 $         0.08  $         0.07
      Diluted                               $         0.08  $         0.06



                CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
            Condensed Consolidated Statements of Cash Flows (unaudited)

                                                 Three Months Ended March 31,
                                                    2010               2009
    CASH FLOWS FROM OPERATING ACTIVITIES:
      Net income                                $1,759,039        $1,448,686
      Adjustments to reconcile net income to
       net cash provided by
      Non-controlling interests                  1,074,253             5,339
      Depreciation and amortization expense        394,025           252,569
      Stock-based compensation                     420,845            59,661
      Gain on equity investments in
       affiliates due to proportional
       shares of the affiliates net income         358,795                --
      Bad debt expense                              40,670                --
      Adjustments to reconcile net income to
       net cash provided by
        Restricted cash                           (824,320)       (1,545,475)
        Accounts receivable                     (3,825,934)          393,942
        Inventories                                204,326          (587,851)
        Prepaid expenses and other current
         assets                                 (2,687,271)         (557,253)
        Other receivables                       (3,071,267)          410,446
        Cost of estimated earnings in excess
         of billings on                          2,509,661        (3,545,054)
        Accounts payable                        (2,063,780)         (959,764)
        Billings in excess of costs and
         estimated on uncompleted               (4,416,053)          687,761
        Accrued expenses and other current
         liabilities                               (89,361)           91,006
        Decrease in customer deposit                    --          (117,208)
    Net cash provided by operating
     activities                                (10,216,372)       (3,963,195)

    CASH FLOWS FROM INVESTING ACTIVITIES:
      Increase in other non-current asset               --           (12,201)
      Purchases of property and equipment         (297,871)         (527,247)
      Cash used for purchases of long-term
       investment                                       --          (439,530)
      Purchases of intangible assets              (384,661)         (409,409)
      Net cash used in investing activities       (682,532)       (1,388,387)

    CASH FLOWS FROM FINANCING ACTIVITIES:
      Payments on short-term borrowings            (73,325)               --
      Sale of stock                                     --            87,960
      Proceeds from issuing shares              10,000,000                --
      Payments related to related parties               --          (218,446)
      Payments to third parties for stock
       financing                                  (610,428)               --
    Net cash used in financing activities        9,316,247          (130,486)

    Effect of foreign currency translation          (3,861)          (19,386)

    Net decrease in cash and cash
     equivalents                                (1,586,518)       (5,501,454)
    Cash and cash equivalents - beginning
     of period                                  27,400,420        16,122,464
    Cash and cash equivalents - end of
     period                                    $25,813,902       $10,621,010

    Supplemental disclosures of cash flow
     information:
      Interest paid                                $90,778           $45,721
      Income taxes paid                           $231,841            $7,045


    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Phone: +86-10-5169-1657
     Email: ir@ctfo.com

    Investor Relations Contact:

     CCG Investor Relations
     Web:   http://www.ccgirasia.com

     Mr. Athan Dounis, Account Manager
     Phone: +1-646-213-1916
     Email: athan.dounis@ccgir.com

     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915
     Email: crocker.coulson@ccgir.com

BEIJING, March 22 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq:CTFO - News), ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today reported its unaudited financial results for the fourth quarter and year ended December 31, 2009.

    Fourth Quarter 2009 Highlights
    -- Revenue increased 166.1% year-over-year to $28.4 million
    -- Gross profit expanded 64.9% year-over-year to $10.0 million
    -- Operating income grew 26.1% year-over-year to $5.1 million
    -- Adjusted net income increased 22.3% year-over-year to $5.1 million, or
       $0.23 per fully diluted share
    -- Appointed BDO Guangdong Dahua Delu as New Independent Auditor
    -- Launched three new real-time traffic mobile phone applications and
       expanded real-time traffic application coverage to Shenzhen, Tianjin
       and Changzhou
    -- Awarded a provincial highway toll settlement and billing system
       contract in Shanxi Province valued at approximately RMB 26 million, or
       approximately USD $3.8 million
    -- Awarded an intelligent transportation system contract in Hubei Province
       valued at approximately RMB 114 million, or approximately USD $16.7
       million

    Fiscal 2009 Highlights
    -- Revenue increased 116.8% year-over-year to a record $63.7 million
    -- Gross profit expanded 53.8% year-over-year to $25.4 million
    -- Operating income grew 20.0% year-over-year to $13.7 million
    -- Adjusted net income increased 19.7% to $13.6 million, or $0.60 per
       fully diluted share
    -- As of December 31, 2009, cash and cash equivalents totaled $27.4
       million

"During 2009, we generated record revenue and earnings results, solidified our industry leading market position with numerous successful new product launches, and completed a highly accretive acquisition," commented Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "Our acquisition of UNISITS, a leader in China's intelligent transportation systems industry, marked a major milestone for us in 2009, as we now leverage UNISITS' technology, market share and customer relationships to further drive new market opportunities."

Unaudited Fourth Quarter 2009 Results

For the quarter ended December 31, 2009, revenue increased 166.1% to $28.4 million, as compared to $10.7 million in the comparable period of 2008. Products and applications in the transportation business sector accounted for 91.7% of total revenue in the quarter with the remainder derived from the digital city, land & resources, and other sectors.

The Company's gross profit increased 64.9% to $10.0 million in the fourth quarter of 2009, compared to $6.1 million in the same period of 2008. Gross margin was 35.2%, compared to 56.9% during the same period of 2008. The decrease in gross margin resulted from the consolidation of UNISITS' financials into those of China TransInfo, since UNISITS' business involves more hardware components, which have much lower margin than does the Company's legacy transportation business.

Selling, general and administrative expenses were $4.9 million, as compared to $2.0 million in the fourth quarter of 2008. The increase was primarily due to the Company's expansion initiatives, including higher marketing, staffing, and professional fees.

Operating income increased 26.1% to $5.1 million, as compared to $4.1 million in the fourth quarter of 2008.

Other income was $1.4 million, as compared to $0.2 million in the fourth quarter of 2008. The significant increase is mostly attributable to a $1.4 million increase in governmental subsidy income.

Net income attributable to the Company increased 15.3% to $4.8 million, or $0.21 per fully diluted share, as compared to net income of $4.2 million, or $0.20 per fully diluted share, in the same period in 2008. Adjusted net income attributable to the Company excluding non-cash stock based compensation expense and amortization expense of intangibles from acquisitions increased 22.3% to $5.1 million, or $0.23 per fully diluted share, as compared to $4.2 million, or $0.20 per fully diluted share, in the comparable period of 2008. Weighted average fully diluted shares outstanding increased to 22.5 million shares in the fourth quarter of 2009 from 20.9 million shares in the fourth quarter of 2008.

Unaudited Full Year 2009 Results

Revenue for 2009 increased 116.8% to $63.7 million, as compared to $29.4 million in 2008. Gross profit expanded 53.8% to $25.4 million from $16.5 million in 2008. Operating income grew 20.0% to $13.7 million from $11.4 million in 2008. Net income attributable to the Company increased 17.0% to $13.0 million, or $0.58 per fully diluted share, as compared to net income of $11.1 million, or $0.53 per fully diluted share, in 2008. Adjusted net income attributable to the Company excluding non-cash expenses increased 19.7% to $13.6 million, or $0.60 per fully diluted share, as compared to $11.3 million, or $0.54 per fully diluted share, in 2008. Weighted average fully diluted shares outstanding increased to 22.5 million shares in 2009 from 20.9 million shares in 2008.

Financial Condition

As of December 31, 2009, cash and cash equivalents totaled $27.4 million, up from $16.1 million at December 31, 2008. Working capital increased to $44.4 million, as compared to $32.7 million at the end of 2008. Stockholders' equity was $77.8 million, as compared to $47.6 million at the end of 2008. Cash flow from operating activities increased 251.7% to $8.8 million from $2.5 million in 2008, primarily as a result of the increase in sales and net profit for 2009 as well as the Company receiving customer payments on some contracts ahead of schedule.

Recent Events

On March 22, 2010, the Company and the Company's variable interest entity, China TransInfo Technology Group Co., Ltd. (the "Group Company") entered into equity transfer agreements (the "Equity Transfer Agreements") with several individual shareholders (the "Transferors") of Beijing UNISITS Technology Co. Ltd. ("UNISITS"), pursuant to which the Group Company acquired 30.85% equity interest in UNISITS from the Transferors. Pursuant to the Equity Transfer Agreements, the Group Company purchased approximately 16.23 million shares of UNISITS from the Transferors in exchange for RMB 4.41 million (approximately USD $0.65 million) in cash (the "Cash Consideration"), 40% of which is payable within seven days after the effective date of the Equity Transfer Agreements, and approximately 1.16 million shares of the Company's common stock, which are issuable within 30 days of the effective date of the Equity Transfer Agreements. The Equity Transfer Agreements contain "make good" provisions, under which the Transferors agree to deposit a total of 697,162 shares of the Company's common stock with an escrow agent designated by the Company that they will receive as partial consideration for the acquisition. Specifically, if UNISITS' 2010 after-tax net income under Chinese GAAP is less than RMB 37.50 million (approximately USD $5.50 million) or its 2011 after-tax net income under Chinese GAAP is less than RMB 46.88 million (approximately USD $6.86 million), then 50% of the shares of the Company's common stock deposited by the Transferors in escrow will be returned to the Company for cancellation for each applicable year. In addition, for each applicable year as described above, the Company will not be required to pay the remainder of the Cash Consideration, which represents RMB 1.323 million (approximately USD $0.19 million), or 30% of the total Cash Consideration, per year if UNISITS fails to meet the respective performance targets.

On February 24, 2010, the Company issued and sold 1,564,945 shares of its common stock at a price of $6.39 per share to SAIF Partners III L.P. for an aggregate purchase price of $10 million. The Company intends to use the net proceeds from the offering for general corporate purposes, expansion of current business development and potential acquisitions.

On January 25, 2010, China TransInfo announced that the Company was awarded an intelligent transportation system contract in Zhejiang Province valued at approximately RMB 156 million, or approximately USD $22.9 million, through its VIE subsidiary Beijing UNISITS Technology Co., Ltd. ("UNISITS").

On January 21, 2010, the Company announced that it was ranked 11th on the 2010 Forbes China list of small-to-medium sized Chinese companies with the most potential. China TransInfo was the only transportation information technology company selected.

Business Outlook

"We remain very confident that intelligent transportation systems, our core business, will provide us with strong prospects in 2010, given China's extensive expressway construction plans, rapidly expanding automobile market, and growing traffic density," commented Mr. Xia. "As a result, we believe that the Company will continue to generate organic growth from winning follow-on contracts from existing clients, while bringing in new revenue sources from strategic acquisition opportunities. In addition, by leveraging UNISITS' large presence in China's expressway market with our leadership in the urban transportation market, we expect to further penetrate China's inter-city information services segment, which offers a significantly larger market for our products and services."

For 2010, the Company expects revenues to increase to approximately $120 million and adjusted net income attributable to the Company excluding non-cash expenses to be approximately $18 million. GAAP net income attributable to the Company is projected to be approximately $16 million.

Conference Call

China TransInfo will host a conference call at 8:00 a.m. Eastern Time on Monday, March 22, 2010 at 8:00 a.m. Eastern Time to discuss its unaudited financial results for the fourth quarter and full year of 2009. To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: (877) 406-6165. International callers should dial (706) 902-4263. When prompted by the operator, enter conference pass code 625 186 46.

If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Monday, March 22, 2010 at 10:00 a.m. Eastern Time and can be accessed by dialing (800) 642-1687. International callers should dial (706) 645-9291. When prompted, enter conference pass code 625 186 46.

Use of Non-GAAP Financial Information

GAAP results for the three month and the year ended December 31, 2009 include non-cash share based compensation and amortization of intangible assets from acquisitions. To supplement the Company's condensed consolidated financial statements presented on a GAAP basis, the Company has provided non-GAAP financial information, which is adjusted net income and adjusted earnings per share, excluding the impact of these items in this release. The Company's management believes that these non-GAAP measures provide investors with a better understanding of how the results relate to the Company's historical performance. The additional adjusted information is not meant to be considered in isolation or as a substitute for GAAP financials. The adjusted financial information that the Company provides also may differ from the adjusted information provided by other companies. Management believes that these adjusted financial measures are useful to investors because they exclude non-cash expenses that management excludes when it internally evaluates the performance of the Company's business and makes operating decisions, including internal budgeting, and performance measurement, as these measures provide a consistent method of comparison to historical periods. As a result, the provision of these adjusted measures allows investors to evaluate the Company's performance using the same methodology and information as that used by the Company's management. Moreover, management believes that these adjusted measures reflect the essential operating activities of the Company. 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 adjusted financial measure. However, the Company's management compensates for these limitations by providing the relevant disclosure of the items excluded. A reconciliation of adjustments to GAAP results appears below.

                 CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
                     RECONCILIATION OF NON-GAAP FINANCIAL DATA

                                         For the three months ended
                                    31-Dec-09                31-Dec-08
                            Net Income   Diluted EPS  Net Income  Diluted EPS
    Adjusted Amount          5,117,597         0.23    4,185,241      0.20

    Adjustments
    Amortization of
     intangible assets
     from acquisitions(1)       47,111         0.00        4,379      0.00
    Non-cash share
     based compensation        319,993         0.01       60,987      0.00
    Amount per unaudited
     consolidated
     statement of
     operations              4,750,493         0.21    4,119,875      0.20


                                       For the twelve months ended
                                    31-Dec-09                31-Dec-08
                            Net Income   Diluted EPS  Net Income  Diluted EPS
    Adjusted
     Amount                 13,550,458         0.60   11,318,415      0.54

    Adjustments
    Amortization of
     intangible assets
     from acquisitions (1)      74,426         0.00       10,182      0.00
    Non-cash share
     based compensation        501,933         0.02      217,756      0.01
    Amount per unaudited
     consolidated
     statement of
     operations             12,974,099         0.58   11,090,477      0.53

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

                          -FINANCIAL TABLES FOLLOW-



               CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
        CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

                          For three months ended      For twelve months ended
                                 December 31,                December 31,
                             2009         2008            2009        2008
                           unaudited                    unaudited
    Revenues              28,429,252   10,684,650      63,686,121  29,370,463
    Cost of revenues      18,413,493    4,609,121      38,310,183  12,867,258
    Gross profit          10,015,759    6,075,529      25,375,938  16,503,205
    Selling, general
     and admini-
     strative expenses     4,870,077    1,995,510      11,667,895   5,081,502
    Income from
     operations            5,145,682    4,080,019      13,708,043  11,421,703
    Other income
     (expense):
      Interest income         58,352       18,023         109,744      68,782
      Interest expense      (112,547)     (59,137)       (244,574)   (135,120)
      Subsidy income       1,422,178      224,296       1,730,291     530,100
      Other income - net      32,138       32,168          91,439      32,168
        Total other
         income            1,400,121      215,350       1,686,900     495,930
    Income before
     income taxes,
     noncontrolling
     interest, and
     equity investments    6,545,803    4,295,369      15,394,943  11,917,633
    Income tax expense       567,409       12,984         677,355      62,955
    Net income before
     noncontrolling
     interest and gain
     on equity invest-
     ments in affiliates   5,978,394    4,282,385      14,717,588  11,854,678
    Gain on equity
     investments in
     affiliates due to
     proportional shares
     of the affiliates'
     net income            1,793,387           --       1,793,387          --
    Net income before
     noncontrolling
     interest              7,771,781    4,282,385      16,510,975  11,854,678
    Noncontrolling
     interests in
     net income of
     subsidiary            3,021,288      162,510       3,536,876     764,201
    Net income             4,750,493    4,119,875      12,974,099  11,090,477
    Weighted average
     number of common
     shares of
     outstanding -
      Basic               22,333,765   20,678,693      22,333,765  20,678,693
      Diluted             22,505,641   20,883,951      22,505,641  20,883,951
    Earnings per share -
      Basic                     0.21         0.20            0.58        0.54
      Diluted                   0.21         0.20            0.58        0.53



                CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
                            CONSOLIDATED BALANCE SHEETS

                                                         December 31,
                                                    2009               2008
    ASSETS                                       unaudited
    Current Assets:
      Cash and cash equivalents                 $27,400,420       $16,122,464
      Restricted cash                             1,591,076         1,209,542
      Accounts receivable, net of
       allowance for doubtful accounts
       of $38,209 and $32,439,
       respectively                              14,968,778         7,735,742
      Inventory                                     482,286            23,775
      Cost and estimated earnings in
       excess of billings on
       incomplete contracts                      33,853,708        11,912,285
      Prepayments                                 5,871,997         3,647,731
      Other receivables                           8,416,096         2,940,404
      Deferred tax assets                            28,715           211,708
          Total current assets                   92,613,076        43,803,651

    Long-term investments                         8,027,122                --

    Property and equipment, net                  10,541,486         9,874,005

    Intangible assets, net                        4,494,781         1,490,807

    Goodwill                                      9,979,631         3,095,017

    Other assets                                    826,671           426,337

    Total assets                               $126,482,767       $58,689,817

    LIABILITIES AND SHAREHOLDERS' EQUITY
    Current Liabilities:
      Accounts payable                          $20,728,539        $5,518,402
      Short term borrowings from banks            7,481,700         2,934,000
      Loans payable to related parties                   --           528,485
      Billings in excess of costs and
       estimated earnings on
       incomplete contracts                      17,021,936           846,971
      Accrued liabilities                         3,022,140         1,608,560
          Total current liabilities              48,254,315        11,072,880

    Other long-term liability                       389,489                --

    Total liabilities                            48,643,804        11,072,880

    Commitments and contingencies

    Stockholders' equity:
        Preferred stock, par value
         $0.001 per share, 10,000,000
         shares authorized and 0 shares
         issued and outstanding                          --                --
        Common stock, par value $0.001
         per share, 150,000,000 shares
         authorized , 22,452,745 and
         22,187,314 issued and
         outstanding, respectively                   22,453            22,187
        Additional paid-in capital               25,253,666        24,654,890
        Retained earnings                        31,948,323        18,974,224
        Noncontrolling interests                 18,499,475         1,465,743
        Accumulated other comprehensive
         income                                   2,115,046         2,499,893

    Total stockholders' equity                   77,838,963        47,616,937

    Total liabilities and stockholders'
     equity                                    $126,482,767       $58,689,817



                CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                                    2009               2008
                                                 unaudited
    Cash flows from operating activities:
    Net income, including noncontrolling
     interest                                   $12,974,099       $11,090,477
    Adjustments to reconcile net income
     to net cash provided by (used in)
     operating activities:
        Noncontrolling interests                  3,536,876           764,201
        Depreciation and amortization
         expenses                                 1,320,031           200,746
        Stock-based compensation                    505,464           217,756
        Gain on equity investments in
         affiliates due to proportional
         shares of the affiliates' net
         income                                  (1,793,387)               --
        Loss on disposal of property and
         equipment                                    9,164            11,747
        Allowance for doubtful accounts               5,767            31,571
        Deferred income tax                         189,586            55,531
        (Increase) Decrease in assets:
          Restricted cash                           634,402          (932,126)
          Accounts receivable                    (1,793,525)       (2,634,838)
          Prepayments                             3,944,172        (1,035,964)
          Other receivables                      (1,194,154)       (1,852,411)
          Cost and estimated earnings
           in excess of billings on
           uncompleted contracts                (16,350,203)       (8,088,233)
          Inventory                                (414,369)          185,993
          Other current assets                       24,403           234,892
          Other non-current assets                 (678,646)         (147,489)
        Decrease (Increase) in
         liabilities:
          Accounts payable                        3,687,044         4,471,898
          Billings in excess of costs
           and estimated earnings on
           uncompleted contracts                  3,974,128          (613,988)
          Deferred revenue                          138,228            66,382
          Other payable                            (435,267)          (55,029)
          Accrued liabilities                       730,625           393,312
          Customer deposits                        (190,593)          144,150
    Net cash provided by (used in)
     operating activities                         8,823,845         2,508,578

    Cash flows from investing activities:
      Cash from acquisitions                    $12,210,500          $294,872
      Proceeds from disposal of property
       and equipment                                  5,412            26,072
      Refund from prepayment of building          1,217,457                --
      Purchases of property and equipment        (2,669,035)       (6,547,901)
      Payments for acquisition of
       companies                                 (6,545,403)       (2,702,813)
      Purchases of intangible assets             (2,543,933)       (1,324,577)
    Net cash provided by (used in)
     investing activities                         1,674,998       (10,254,347)

    Cash flows from financing activities:
      Proceeds from short-term borrowings         4,398,300         2,883,000
      Payable for acquiring subsidiary                   --            86,490
      Minority shareholders' capital
       contribution                                  87,960           300,775
      Payment of dividends from
       subsidiaries' and variable
       interest entity                           (2,791,434)               --
      Proceeds from issuing shares                       --        15,000,000
      Paid transaction cost debit to APIC           (32,500)       (1,794,660)
      Proceeds from (payments to) related
       parties                                     (528,161)          250,859
    Net cash provided by financing
     activities                                   1,134,165        16,726,464

    Effect of foreign currency exchange
     translation                                   (355,052)          299,531

    Net increase in cash                         11,277,956         9,280,226

    Cash and cash equivalents - beginning        16,122,464         6,842,238
    Cash and cash equivalents - ending          $27,400,420       $16,122,464

    Supplemental disclosures:
      Interest paid                                $228,899          $135,120
      Income taxes paid                             $21,819              $847


    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Phone: +86-10-5169-1657
     Email: ir@ctfo.com

    Investor Relations Contact:
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

     Mr. Shaun Smolarz, Financial Writer
     Phone: +1-646-701-7444
     Email: shaun.smolarz@ccgir.com

     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915
     Email: crocker.coulson@ccgir.com

BEIJING, March 22 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq:CTFO - News), ("China TransInfo" or the "Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that the Company and its variable interest entity, China TransInfo Technology Group Co., Ltd. (the "Group Company") entered into certain equity transfer agreements (the Equity Transfer Agreements") with several individual shareholders (the "Transferors") of Beijing UNISITS Technology Co. Ltd. ("UNISITS"), pursuant to which the Group Company acquired 30.85% equity interest in UNISITS from the Transferors.

Pursuant to the Equity Transfer Agreements, the Group Company purchased approximately 16.23 million shares of UNISITS from the Transferors in exchange for RMB 4.41 million (approximately US$0.65 million) in cash (the "Cash Consideration"), 40% of which is payable within seven days after the effective date of the Equity Transfer Agreements, and approximately 1.16 million shares of the Company's common stock, which are issuable within 30 days of the effective date of the Equity Transfer Agreements.

The Equity Transfer Agreements contain "make good" provisions, under which the Transferors agree to deposit a total of 697,162 shares of the Company's common stock with an escrow agent designated by the Company that they will receive as partial consideration for the acquisition. Specifically, if UNISITS's 2010 after-tax net income under Chinese GAAP is less than RMB 37.50 million (approximately US$5.50 million) or its 2011 after-tax net income under Chinese GAAP is less than RMB 46.88 million (approximately US$6.86 million), then 50% of the shares of the Company's common stock deposited by the Transferors in escrow will be returned to the Company for cancellation for each applicable year. In addition, for each applicable year as described above, the Company will not be required to pay the remainder of the Cash Consideration, which represents RMB 1.323 million (approximately US$0.19 million), or 30% of the total Cash Consideration, per year if UNISITS fails to meet the respective performance targets. The Company believes that the "make good" provisions will incentivize UNISITS management team to meet its performance targets.

Prior to this acquisition, as the Company previously announced on September 15, 2009, Mr. Shudong Xia, the Company's Chairman and Chief Executive Officer, entered into an agreement to acquire a 35.17% equity interest in UNISITS and granted to the Group Company a perpetual option to acquire all of Mr. Xia's equity interest in UNISITS upon the expiration of a five-year lock-up period. Following the execution of the Equity Transfer Agreements and the exercise of the option, the Group Company will own an aggregate of 66.02% equity interest in UNISITS.

"With the Group Company's majority ownership of UNISITS, we look forward to collaborating closely with UNISITS' management team to develop more synergies in technology and product marketing, as well as to build clear market leadership with a broad product portfolio and unrivaled technological resources," commented Mr. Xia. "We are excited by the profitable growth opportunities that UNISITS provides China TransInfo, including in the expressway intelligent transportation systems market and our real-time traffic platforms."

UNISITS primarily provides traffic engineering electronics and machinery (E&M) systems for expressways in China. Presently, UNISITS has a presence in more than 20 provinces with a total coverage of over 8,000 kilometers of expressways in China. Through its close cooperation with Tsinghua University, UNISITS has developed an expressway weigh-in-motion system and lighting control system, both of which have been widely applied in a number of provinces in China. In addition, UNISITS provides intelligent transportation products and services to railways and urban transportation markets in China.

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

The offering is expected to be closed on or before February 24, 2010, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, expansion of current business development and potential acquisitions.

For more detailed information on this financing, please refer to the Company's Form 8-K and related exhibits to be filed with the SEC on or around Tuesday, February 23, 2010.

"We are very excited to have strengthened our key partnership with SAIF through this additional financing," commented Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "Considering our significantly enhanced balance sheet, we are now in a stronger position financially to execute our strategic growth initiatives in China's rapidly growing transportation information industry."

"We are delighted with this opportunity to increase our investment in China TransInfo, given our confidence in the Company's industry leading technology and experienced management team," commented Andy Yan, Managing Partner of SAIF. "We look forward to continuing to build our relationship with China TransInfo."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer will be made only by means of a prospectus, including prospectus supplement, forming a part of the effective registration statement.

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "intends," or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the SEC and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp
     Email: ir@ctfo.com
     Tel:   +86-10-5169-1657

    Investor Relations Contact:
     Mr. Shaun Smolarz, Financial Writer
     Email: shaun.smolarz@ccgir.com
     Tel:   +1-646-701-7444

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

UNISITS will provide traffic engineering electronics and machinery (E&M) system design services for the Zhejiang Province portion of the 74 kilometer expressway that connects Huangshan City to Quzhou City. The contract is expected to be completed by 2011. At year-end of 2008, Zhejiang Province had approximately 3,073 kilometers of expressways.

"The Chinese government's strong support of expressway infrastructure projects enabled us to win this intelligent expressway system contract in Zhejiang Province," commented Shudong Xia, Chief Executive Officer of China TransInfo. "This contract reflects the synergy that we have developed with UNISITS. Given China's large budget for national expressway infrastructure and UNISITS' leading technology and brand in the market, we are confident that we can further expand our footprint to additional markets in China this year."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at www.chinatransinfo.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

A total of two hundred publicly-traded and privately-held companies were recognized as possessing "the most potential" by Forbes China. The publication's sixth annual proprietary study covered more than 8,000 small- and medium-size companies in China with sales ranging from RMB 5 million (approximately USD $0.7 million) to 1 billion (approximately USD $146 million). The rankings were based on various metrics, including return on assets, return on equity, and three-year weighted average net income.

"We are truly honored to be selected as one of the companies with the most potential in China," commented Shudong Xia, Chief Executive Officer of China TransInfo. "We will continue to strengthen our product design and R&D capabilities to provide cutting-edge intelligent transportation systems and integrated solutions to meet the growing demand of China's transportation industry."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     China TransInfo Technology Corp.
     Ms. Fan Zhou, Investor Relations Director
     Email: ir@ctfo.com
     Phone: +86-10-5169-1657

    Investor Relations Contact:
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

     Mr. Shaun Smolarz, Financial Writer
     Email: shaun.smolarz@ccgir.com
     Phone: +1-646-701-7444

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Phone: +1-646-213-1915

The Company now offers five versions of its real-time traffic mobile phone application software in 10 cities that can be downloaded for free at http://www.palmcity.cn .

The Company recently established a cooperative relationship with Baidu for its real-time traffic application. Based on the agreement, the Company will provide real-time traffic information for Baidu's map searching service in Beijing, Shanghai, Shenzhen, Chengdu, and Chongqing. In addition, China TransInfo and Baidu will collaborate to develop new applications for mapping real-time traffic information searching services. This cooperation will allow China TransInfo to adopt Baidu's mapping technologies and interfaces.

"We are delighted to expand our real-time traffic application footprint in Dalian and Nanjing, reflecting our continuous efforts to fully develop our real-time transportation information business and further solidify our leadership in this market," commented Shudong Xia, Chief Executive Officer of China TransInfo. "In addition, we are very excited about our cooperative relationship with Baidu, signifying industry support of our high-quality real-time traffic application from the leading search engine and mapping provider in China. We expect to explore additional ways to work together with Baidu in the near future."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Email: ir@ctfo.com
     Tel   +86-10-5169-1657

    Investor Relations Contact:
     Mr. Shaun Smolarz, Financial Writer
     Email: shaun.smolarz@ccgir.com
     Tel:   +1-646-701-7444

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

The TransPLE, an equipment and monitoring service system launched in August 2009, tracks transit passengers in high density areas, such as metro stations, railway stations, and airports. The technology utilizes multi-modal sensor networks composed of several laser scanners and cameras to detect and analyze pedestrian flow quantity, density, speed, and direction. The TransPLE assists government authorities to develop and expand high-traffic transportation centers with optimal configurations.

"We are very pleased to receive the funds from the Beijing government, which reflects the recognition of our TransPLE products by the government," commented Shudong Xia, Chief Executive Officer of China TransInfo. "In conjunction with the rapid development of the transportation infrastructure in Beijing, the demands for passenger flow detecting and relevant technologies and applications have been growing significantly. We are very confident that China TransInfo's TransPLE provides the highest accuracy and reliability in this niche and expect to realize commercialization in 2010."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     China TransInfo Technology Corp.
     Ms. Fan Zhou, Investor Relations Director
     Email: ir@ctfo.com
     Phone: +86-10-5169-1657

    Investor Relations Contact:
     CCG Investor Relations
     Web:   http://www.ccgirasia.com

     Mr. Shaun Smolarz, Financial Writer
     Email: shaun.smolarz@ccgir.com
     Phone: +1-646-701-7444

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Phone: +1-646-213-1915

China TransInfo will design a transportation emergency response command platform connecting 23 Shanghai city government agencies to Minhang District's emergency response command center. The transportation emergency response command platform will include a public transportation command and dispatch management system, hazardous chemical transportation vehicle management system, GIS application platforms, and a disaster recovery storage system. The project is expected to be completed by September 30, 2010.

"This contract signifies our market entry into Shanghai, a city of 18.9 million people and 1.3 million vehicles at year-end 2008," commented Shudong Xia, Chief Executive Officer of China TransInfo. "Since Shanghai will host the 2010 world Expo, we believe the city has the potential to be a key revenue contributor for us in 2010 as we expect to continue market expansion for our comprehensive transportation systems and solutions."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Email: ir@ctfo.com
     Tel:   +86-10-5169-1657

    Investor Relations Contact:
     CCG Investor Relations
     Mr. Shaun Smolarz, Financial Writer
     Email: shaun.smolarz@ccgir.com
     Tel:   +1-646-701-7444

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915
     Web:   http://www.ccgirasia.com

The Company currently offers its real-time traffic mobile phone application in Beijing, Shanghai, Chongqing, Chengdu, and Wuhan. The new applications are compatible with Google mobile devices and Apple iPhones in addition to a broad range of mobile phones, and can be downloaded for free at http://www.palmcity.cn .

At the end of 2008, Shenzhen had approximately 1.3 million registered privately-owned vehicles, as compared to Tianjin and Changzhou that had 1.1 million and 0.3 million, respectively. By year-end 2008, Shenzhen had approximately 18.6 million mobile phone users, as compared to Tianjin and Changzhou that had 8.2 million and 3.5 million, respectively.

"By launching new real-time traffic mobile applications and expanding our geographic reach for them, we expect to increase our customer base and strengthen our market leading position," commented Shudong Xia, Chief Executive Officer of China TransInfo. "As we continue to gain new customers, we will negotiate with additional mobile phone manufacturers and wireless carriers to further expand our market reach and enable us to monetize our real-time traffic application."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Tel:   +86-10-5169-1657
     Email: ir@ctfo.com

    Investor Relations Contact:
     Mr. Crocker Coulson, President
     CCG Investor Relations
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915 (NY office)
     Web:   http://www.ccgirasia.com

Shanxi Province Highway Toll Settlement and Billing System

For Shanxi Province, China TransInfo will design a highway toll settlement monitoring, management and control center system, establish data analysis and decision platforms, and create a provincial level toll station satisfaction evaluation system. This project represents the first provincial level real-time highway toll settlement monitoring, data mining and analysis system in China.

The system will cover all 135 toll collection stations on 1,063 toll roads in Shanxi Province with nearly 2,000 kilometers of highway coverage. According to Shanxi Province's highway development plan, highway coverage will reach 5,000 kilometers by year-end 2012.

Hubei Province Intelligent Transportation System

For the intelligent transportation system in Hubei Province, UNISITS will design the traffic engineering electronics and machinery (E&M) system for expressways from Macheng City to Wuhan City in Hubei Province. The USD $16.7 million contract is expected to be completed by year-end 2010.

At approximately 60,300 kilometers at year-end 2008, China's expressway system is the second largest in the world. Pursuant to China's 11th five-year plan, expressways will increase to 65,000 kilometers at year-end 2010 and to 85,000 kilometers by year-end 2020.

"Our winning the Shanxi project resulted from our successful synergies of UNISITS' business model. By integrating China TransInfo and UNISITS' technological advantages and industry experience, we are very proud to offer the premier software products for China's highway sector," commented Shudong Xia, Chief Executive Officer of China TransInfo. "As the Chinese government makes considerable investments in the highway sector, we are confident we will not only continue our expansion in the highway engineering and machinery (E&M) system markets, but also enter new markets by leveraging our premier software products."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Tel:   +86-10-5169-1657
     Email: ir@ctfo.com

    Investor Relations Contact:
     Mr. Crocker Coulson, President
     CCG Investor Relations
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915 (NY office)
     Web:   http://www.ccgirasia.com

According to the contract, China TransInfo will provide roadside ETC antennas for 39 roads and 4,000 onboard sensors for the Highway Toll Settlement Center of the Shandong Province Department of Communications. The antennas will be installed near highway toll stations to electronically deduct toll fees from cars with onboard sensors without requiring cars to stop or slow down.

At year-end 2008, Shandong Province had 4,285 kilometers of highway, ranking second in China's provincial highway network. In this same time period, civilian vehicle ownership was approximately 6.0 million, of which 1.7 million were private cars.

"We are delighted to win our second ETC contract, following our first in Zhejiang Province," commented Shudong Xia, Chief Executive Officer of China TransInfo. "This contract reflects our leading technology and brand. As one of the four companies that possess commercial experience in the ETC market, we are confident that we can further expand our footprint to additional provinces and municipalities in the near future."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp
     Phone: +86-10-5169-1657
     Email: ir@ctfo.com

    Investor Relations Contact:
     Mr. Crocker Coulson, President
     CCG Investor Relations
     Phone: +1-646-213-1915 (NY office)
     Email: crocker.coulson@ccgir.com
     Web:   http://www.ccgirasia.com

The dismissal of S&E and the appointment of BDO Shenzhen have been approved by the Company's Audit Committee. There were no disagreements between China TransInfo and S&E on any matter of accounting principles, practices, financial statement disclosure, or auditing scope or procedure in connection with S&E's audit and audit-related services provided prior to their termination.

"We look forward to developing a strong working relationship with BDO Shenzhen and continuing to provide timely and accurate financial information to the investment community," stated Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "We believe that BDO Shenzhen is the ideal external audit firm for China TransInfo as we continue to expand our business. We expect the engagement of BDO Shenzhen to benefit the long-term interests of our shareholders."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

     China TransInfo Technology Corp.
     Ms. Fan Zhou, IR Director
     Email: ir@ctfo.com

     CCG Investor Relations Inc.
     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915 (New York)
     Email: crocker.coulson@ccgir.com
     Web:   http://www.ccgirasia.com

"The enlarged and newly decorated headquarters enables us to accommodate our corporate staff and research and development team in one facility," commented Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "As a result, we anticipate that our new office will improve our productivity and corporate image in Beijing."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

     China TransInfo Technology Corp.
     Ms. Fan Zhou, IR Director
     Email: ir@ctfo.com

     CCG Investor Relations Inc.
     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915 (New York)
     Email: crocker.coulson@ccgir.com
     Web:   http://www.ccgirasia.com

Companies awarded Deloitte Technology Fast 50 China 2009 status will automatically qualify for the Deloitte Technology Fast 500 Asia Pacific 2009 program, which annually recognizes the 500 fastest growing high-tech companies in the Asia Pacific region. Winners will receive significant exposure and recognition from media and industry professionals and be included in an exclusive network of high performing technological companies.

"We are deeply honored to have been recognized by Deloitte & Touche, a world-class global business institution," said Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "Driven by robust demand for transportation IT solutions from the Chinese government, we are experiencing very strong growth in our key markets. We believe the rapid expansion of our business will continue to be supported by leveraging our solutions and applications to meet the increased demand fueled by China's significant investments in transportation infrastructure projects."

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    China TransInfo Technology Corp.
     Ms. Fan Zhou, IR Director
     Phone: +86-10-82671299 x8033
     Email: ir@ctfo.com

    CCG Investor Relations Inc.
     Mr. Crocker Coulson, President
     Phone: +1-646-213-1915 (New York)
     Email: crocker.coulson@ccgir.com
     Web:   http://www.ccgirasia.com

    Third Quarter 2009 Highlights

    -- Revenues increased 115.0% to $19.2 million, from $8.9 million in the
       comparable period of 2008.
    -- Gross profit increased 49.1% to $7.4 million, as compared to $4.9
       million for the same period of last year.
    -- Operating income grew 28.0% to $4.3 million, from $3.3 million for
       the same period of last year.
    -- Net income attributable to China TransInfo increased 28.3% to $4.0
       million, or $0.18 per fully diluted share, as compared to $3.1
       million, or $0.14 per fully diluted share, in the comparable period
       of 2008.
    -- Expanded further into the transportation systems market in China by
       acquiring a 35.17% of the equity interest in Beijing UNISITS
       Technology Co. Ltd. ("UNISITS").
    -- Launched TransPLE Passenger Flow Statistic, Detecting and Analysis
       System ("TransPLE") and China's first multi-city real-time traffic
       website (http://www.palmcity.cn ) and mobile phone software with
       initial coverage in Chinese cities, including Beijing, Shanghai,
       Chongqing, Chengdu, and Wuhan.
    -- Awarded a RMB 31.8 million (approximately $4.7 million) contract by
       the Wuhan Municipal Transportation Management Bureau to construct a
       transportation management system (the "Wuhan Project").
    -- Established a subsidiary in Chongqing and opened a branch in
       Hangzhou.
    -- Transferred the listing of its common stock to the Nasdaq Global
       Market from the Nasdaq Capital Market.

"During the third quarter of 2009, we achieved strong progress in many of our key business segments," said Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "Our newly launched TransPLE and multi-city real-time traffic website and mobile phone software are backed by our proprietary advanced technologies. Both applications feature strong market potential in their respective niches. In addition to our geographic expansion in Hangzhou and Chongqing, we have continued to improve our business presence in our existing markets, including the recently announced RMB 31.8 million (approximately $4.7 million) contract with the Wuhan government to construct a transportation management system. Through our controlling interest in UNISITS, we expect to further increase our market penetration and tap the potentially lucrative domestic expressway information service market."

Third Quarter 2009 Results

During the three months ended September 30, 2009, revenues increased 115.0% to $19.2 million, from $8.9 million during the same quarter of 2008, primarily due to increased business and brand recognition in the transportation information sector. Revenues from our transportation, digital city, and land & resource segments accounted for 90.7%, 4.1%, and 5.1% of total revenues, respectively.

Gross profit increased 49.1% to $7.4 million, as compared to $4.9 million in the same period of 2008. Gross margin decreased to 38.4% from 55.4% in the comparable period of 2008, mainly due to the inclusion of UNISITS' financials in the Company's consolidated financial statements since UNISITS concentrates on lower margin traffic engineering E&M systems for expressways in China. Our legacy business continues to remain strong with gross margins above 50% in the three months ended September 30, 2009.

Selling, general and administrative expenses were $3.1 million, as compared to $1.6 million in the third quarter of 2008, including a $0.5 million increase in selling expenses to $0.6 million. Beginning in 2009, the Company strategically increased its marketing budget to grow its brand awareness in the transportation information sector. For example, the Company has attended more industry trade shows and conferences in 2009 than in previous years. General and administrative expenses were approximately $2.5 million, as compared to $1.5 million in the same period of 2008. The significant increase in general and administrative expenses was mainly due to increased staffing levels, additional research and development initiatives, and higher professional fees associated with being a public company.

Operating income increased 28.0% to $4.3 million, or 22.2% of revenue, from $3.3 million, or 37.3% of revenue, in the third quarter of 2008.

Net income attributable to the Company increased 28.3% to $4.0 million, or $0.18 per fully diluted share, compared to net income of $3.1 million, or $0.14 per fully diluted share, during the same quarter of 2008. Adjusted net income attributable to the Company excluding non-cash expenses was $4.0 million, or $0.18 per fully diluted share, compared to $3.2 million, or $0.15 per fully diluted share, in the same period last year.

The diluted weighted average number of shares outstanding increased from 21.5 million in the third quarter of 2008 to 22.6 million in the quarter ended September 30, 2009 mainly due to the issuance of additional shares from the private placement in July 2008.

Nine Months 2009 Results

In the nine months ended September 30, 2009, revenues increased 88.7% to $35.3 million, as compared to $18.7 million in the same period of 2008. Gross profit increased 47.3% to $15.4 million, from $10.4 million in the comparable period of 2008. Gross margin was 43.6%, as compared to 55.8% in the year ago period. Operating income rose 16.6% to $8.6 million, as compared to $7.3 million in the same period last year. Net income attributable to China TransInfo increased 18.0% to $8.2 million, or $0.37 per fully diluted share, from $7.0 million, or $0.34 per fully diluted share, in the comparable period last year. Adjusted net income attributable to China TransInfo excluding non-cash expenses was $8.4 million, or $0.38 per share on a fully diluted basis, compared to $7.1 million, or $0.35 per share on a fully diluted basis, in the same period of 2008.

Financial Condition

As of September 30, 2009, cash and cash equivalents excluding restricted cash totaled $21.1 million as compared to $16.1 million on December 31, 2008. In addition, the Company reported working capital of $39.1 million and total current liabilities of $47.4 million. Stockholders' equity totaled $69.6 million, up from $47.6 million at the end of 2008.

Net cash used in operations was $2.4 million for the nine months ended September 30, 2009, compared with net cash provided by operations of $1.3 million for the same period in 2008.

Business Outlook

"In addition to launching our TransPLE and real-time traffic website, we recently added our mobile phone application, Palmcity Live-Traffic, to China Telecom's Surfing Space AppMarket. As a result, we are well-positioned to benefit from China's rapidly developing transportation infrastructure and growth in private vehicle ownership. As of September 30, 2009 our contract backlog was approximately $60 million, which we believe will enable us to meet our financial goals for 2009. In addition, we are very pleased with our controlling position in UNISITS, which is expected to further expand our footprint in the transportation systems market in China," commented Mr. Xia.

As a result of the strong top line growth in the first nine months of 2009 as well as our consolidation of UNISITS' financials, China TransInfo has increased its fiscal year 2009 revenue guidance under US GAAP from previously announced $45.0 million to approximately $55.0 million and now expects net income, excluding amortizations of intangible assets from acquisitions as well as non-cash share-based compensation, to be between $13.3 and $13.5 million for fiscal year 2009.

Conference Call

China TransInfo will host a conference call at 8:00 a.m. Eastern time on Thursday, November 12, 2009 to discuss its third quarter 2009 results. To participate in the live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 1-888-339-2688. International callers should dial +1-617-847-3007. When prompted by the operator, mention conference pass code 809 092 57.

If you are unable to participate in the call at this time, a replay will be available for seven days after the call is held. To access the replay, please dial 1-888-286-8010 or +1-617-801-6888 from outside the US and enter pass code 226 532 06.

In addition, the call will be broadcast live over the internet via the following link:

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinf... .

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact: China TransInfo Technology Corp. Ms. Fan Zhou, IR Director Tel: +86-10-8267-1299 x8033 Email: ir@ctfo.com CCG Investor Relations Inc. Mr. Crocker Coulson, President Tel: +1-646-213-1915 (New York) Email: crocker.coulson@ccgir.com Web: http://www.ccgirasia.com --FINANCIAL TABLES FOLLOW-- CHINA TRANSINFO TECHNOLOGY CORP. AND ITS SUBSIDIARIES UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Revenues $19,165,553 8,913,514 $35,256,869 $18,685,813 Cost of revenues 11,809,948 3,979,049 19,896,690 8,258,137 Gross profit 7,355,605 4,934,465 15,360,179 10,427,676 Operating Expenses 3,097,483 1,607,712 6,797,818 3,085,992 Income from operations 4,258,122 3,326,753 8,562,361 7,341,684 Other income (expense): Interest income 18,909 23,575 51,392 50,759 Interest expense -42,038 -66,066 -132,027 -75,983 Subsidy income 188,829 305,804 308,113 305,804 Other incomes - net 52,433 4,239 59,301 -- Total other income (expense) 218,133 267,552 286,779 280,580 Net income before income taxes 4,476,255 3,594,305 8,849,140 7,622,264 Income tax expenses: Current 94,980 -- 109,946 -- Deferred -9,116 109,864 -- 49,971 Total income tax expense (benefit) 85,864 109,864 109,946 49,971 Net income including noncontrolling interest 4,390,391 3,484,441 8,739,194 7,572,293 Less: Net income attributable to noncontrolling interests 415,114 386,900 515,588 601,691 Net income attributable to CTFO $3,975,277 $3,097,541 $8,223,606 $6,970,602 Weighted average CTFO shares of outstanding - Basic 22,333,000 21,325,245 22,245,288 20,175,820 Diluted 22,579,496 21,522,431 22,485,924 20,393,171 Earnings per share attributable to CTFO common shareholders - Basic $0.18 $0.15 $0.37 $0.35 Diluted $0.18 $0.14 $0.37 $0.34 Comprehensive income Net income including noncontrolling interest $4,390,391 3,484,441 $8,739,194 $7,572,293 Translation adjustments -283,124 47,347 -388,589 1,375,751 Comprehensive income $4,107,267 $3,531,788 $8,350,605 $8,948,044 Comprehensive income attributable to noncontrolling interest $415,114 $386,900 $515,588 $601,691 Comprehensive income attributable to CTFO $3,692,153 $3,144,888 $7,835,017 $8,346,353 CHINA TRANSINFO TECHNOLOGY CORP. AND ITS SUBSIDIARIES CONSOLIDATED BALANCE SHEETS 30-Sep-09 31-Dec-08 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $21,125,873 $16,122,464 Restricted cash 2,261,141 1,209,542 Accounts receivable, net 15,313,210 7,735,742 Inventory 301,140 23,775 Cost and estimated earnings in excess of billings on uncompleted contracts 28,066,671 11,912,285 Prepayments 9,709,570 3,647,731 Other receivable 8,575,034 2,940,404 Deferred tax assets 218,417 211,708 Other current assets 903,644 -- Total current assets 86,474,700 43,803,651 Long-term investments 6,990,560 278,730 Property and equipment, net 9,786,144 9,874,005 Intangible assets, net 4,097,928 1,490,807 Goodwill 9,834,668 3,095,017 Other non-current assets 439,449 147,607 Total assets $117,623,449 $58,689,817 30-Sep-09 31-Dec-08 (Unaudited) LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $20,959,687 $5,518,402 Notes payable 7,481,700 2,934,000 Due to related parties 73,946 528,485 Billings in excess of costs and estimated earnings on uncompleted contracts 12,066,028 846,971 Deferred revenue 129,220 214,256 Other payable 4,653,184 149,282 Accrued liabilities 1,993,930 881,484 Total current liabilities 47,357,695 11,072,880 Long-term liability 668,219 -- Total Liabilities 48,025,914 11,072,880 Commitments and contingencies -- -- Stockholders' equity: China TransInfo Technology Corp. Preferred stock, par value $0.001 per share, 10,000,000 shares authorized and 0 shares issued and outstanding -- -- Common stock, par value $0.001 per share, 150,000,000 shares authorized, 22,402,989 and 22,187,314 issued and outstanding, respectively 22,403 22,187 Additional paid-in capital 24,930,192 24,654,890 Retained earnings 27,197,830 18,974,224 Accumulated other comprehensive gain - translation adjustments 2,111,304 2,499,893 Total China TransInfo Technology Corp. shareholders' equity 54,261,729 46,151,194 Noncontrolling interest 15,335,806 1,465,743 Total stockholders' equity 69,597,535 47,616,937 Total liabilities and stockholders' equity $117,623,449 $58,689,817 CHINA TRANSINFO TECHNOLOGY CORP. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL DATA For the three months ended For the nine months ended 30-Sep-09 30-Sep-08 30-Sep-09 30-Sep-08 Net Diluted Net Diluted Net Diluted Net Diluted Income EPS Income EPS Income EPS Income EPS Adjusted Amount 4,049,363 0.18 3,161,487 0.15 8,432,861 0.38 7,133,174 0.35 Adjustments Amortization of intangible assets from acquisitions (1) 18,594 0.00 4,348 0.00 27,315 0.00 5,803 0.00 Non-cash share based compen- sation 55,542 0.00 59,598 0.00 181,940 0.01 156,769 0.01 Amount per consoli- dated statement of oper- ations 3,975,227 0.18 3,097,541 0.14 8,223,606 0.37 6,970,602 0.34 1) Amortizations of intangible assets from acquisitions includes amortizations of intangible assets from acquisitions of China TranWiseway in 2008 and UNISITS in 2009

Launched in September 2009, the AppMarket is the online marketplace for more than 400 mobile phone and PC software applications, including for entertainment, media, business, travel, and education. China Telecom had 43.8 million mobile subscribers, at the end of August 2009.

For more information about the AppMarket, please visit: http://www.ccgirasia.com
]]> message_3521 06 Oct 2009 12:30:00 GMT http://chinasecurities.com/ir/Transinfo/messages/3521 BEIJING, Oct. 6 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq: CTFO - News), ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), announced today that the Company will present at the 2009 ROTH China Conference to be held on October 12-14, 2009.

    Presentation:       October 13, 2009 at 5:00 p.m.
    Presenter:          Ms. Fan Zhou, Investor Relations Director
    Location:           Fontainebleau Miami Beach
                        4441 Collins Avenue
                        Miami Beach, FL 33140

The ROTH China Conference will feature presentations from more than 60 companies, including US-listed Chinese companies and US-based companies with growth prospects in China. Most of the presenting companies are covered by ROTH's research team, which will be onsite for discussions with investors.

About China TransInfo

China TransInfo, through China TransInfo Group and its operating subsidiaries, is primarily focused on providing transportation information services. The Company aims to become the largest transportation information product and comprehensive solutions provider, as well as the largest integrated transportation information platform and commuter traffic media platform builder and operator in China. China TransInfo is involved in developing multiple applications of transportation, digital city, land and resource filling systems based on GIS technologies which are used to service the public sector. In addition, the Company is developing its transportation system to include ETC technology. As the co-formulator of several transportation technology national standards, the Company has copyrights for 92 software products and has won 5 of 10 model cases sponsored by PRC Ministry of Communications. The Company's affiliation with Peking University provides access to the University's GeoGIS Research Laboratory, including 30 Ph.D. researchers. As a result, the Company is currently playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the company's website at www.chinatransinfo.com.

Safe Harbor Statement

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Company Contact: Investor Relations Contact: Ms. Fan Zhou, Investor Relations Director Mr. Crocker Coulson, President China TransInfo Technology Corp Email: crocker.coulson@ccgir.com Tel + 86 10 8267 1299 - 8033 Tel: +1-646-213-1915 (NY office) Email: ir@ctfo.com Website: www.ccgirasia.com