China Information Security Tech, Inc. (NASDAQ: CPBY)

China Information Security Tech, Inc. (NASDAQ: CPBY) announced today that its newly signed contracts in the first quarter of 2010 were valued at $30.6 million, an increase of 65% compared to the first quarter of 2009. During the first quarter of 2010, the Company won contracts from clients in 23 provinces and provincial cities in China.

China Information Security Tech, Inc. (NASDAQ: CPBY) moved up 7.60% to $7.08 in the pre-market session. CPBY closed at $6.58 in the previous trading session. In the last year, CPBY has surged over 105%.