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Kingtone Wirelessinfo Solution Holding Ltd to Ring NASDAQ Opening Bell on May 16, 2011


XI'AN, China, May 4, 2011 /PRNewswire-Asia-FirstCall/ -- Kingtone Wirelessinfo Solution Holding Ltd ("Kingtone" or the "Company") (Nasdaq:KONE - News), a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announced that the Company's senior management team will ring the opening bell at the NASDAQ MarketSite in New York City at 9:30 a.m. EDT on Monday, May 16, 2011.

"We are honored to have been invited by NASDAQ to ring its opening bell to celebrate the first anniversary of our listing on one of the world's most prestigious stock exchanges. The listing of our securities on the exchange in May 2010 represented a significant milestone for our company and our shareholders. We expect our listing on NASDAQ to improve our visibility and lead to increased liquidity and an expansion of our shareholder base as we continue to execute on our strategic objectives and build our business," said Mr. Peng Zhang, Chief Executive Officer of Kingtone. "We would like to thank our shareholders, dedicated employees, Board of Directors, management team, and all other parties who have contributed to our success to date."

A live webcast of the NASDAQ opening bell will be available at http://www.nasdaq.com/about/marketsitetowervideo.asx. A video replay and photographs of the ceremony will be archived and available for viewing at http://www.nasdaq.com/marketsite/marketsite_events.stm.

About Kingtone Wirelessinfo Solution Holding Ltd

Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq:KONE - News) is a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. The Company's products, known as mobile enterprise solutions, extend a company's or enterprise's information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms.

For more information, please visit Kingtone's website at http: www.kingtoneinfo.com. The Company routinely posts important information on its website.

Safe Harbor Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as "may," "could," "would," "plan," "anticipate," "believe," "estimate," "predict," "potential," "expects," "intends", "future" and "guidance" or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based upon management's current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the Company's control that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company's actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's prospectus, dated May 14, 2010 filed with the Securities and Exchange Commission (the "SEC"), and in documents subsequently filed by the Company from time to time with the SEC including the Company's Transition Report on Form 20-F for the transition period from December 1, 2009 to September 30, 2010 filed with the SEC on January 20, 2011. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable law.


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