||We issued 4,000,000 American Depositary Shares (ADSs), representing 4,000,000 ordinary shares at $4.00 per ADS and became listed on NASDAQ. The net proceeds from the offering are expected to be used for product development, research and development, customer relations management (CRM) systems and working capital.
||With the rollout of 3G wireless networks in China, We signed an exclusive strategic agreement with Shaanxi Telecom and joint provider /marketer agreements with China Telecom, China Mobile and China Unicom.
||We were responsible for emergency response and mobile surveillance at the 2008 Beijing Olympics Games.
||We completed mobile emergency projects for the17th National Congress in Beijing.
We won the BREW® 2007 Developer Awards in “Best Public Service Application” granted by Qualcomm, a leading developer and innovator of advanced wireless technologies and mobile data solutions.
||We developed and successfully implemented mobile emergency response solutions for the Central Guard Bureau in China.
||We applied mobile enterprise solutions to industrial automation projects, enabling automated or semi-automated production lines trough t wireless capabilities.
||We developed and implemented the Mobile Police Solution at certain police bureaus, such as the Xi’an police bureau, the Xi’an traffic police bureau and the Cangzhou police bureau.
||We were awarded ISO9001 Version 2000.
||We were certified as a high-tech enterprise and began software research & development as well as the solutions and systems business.
||Our contractually-controlled entity in the PRC, "Xi’an Kingtone Information Technology Co., Ltd." ("Kingtone Info") commenced operations.