Kingtone Wirelessinfo Solution Holding Ltd Confirms Ongoing Engagement of Independent Auditors

Kingtone Wirelessinfo Solution Holding Ltd KONE today announced that the Audit Committee of its Board of Directors has approved the engagement of Marcum Bernstein & Pinchuk LLP as the Company's independent registered public accounting firm in replacement of Bernstein & Pinchuk LLP effective April 28, 2011. As detailed in the Form 6-K filed by the Company today with the U.S. Securities and Exchange Commission, as a result of the joint venture agreement with Marcum LLP, B&P resigned to allow the Company to enter into a new engagement with the newly formed entity Marcum BP, which will replace B&P moving forward. Marcum BP is currently registered with the Public Company Accounting and Oversight Board." The joint venture does not disrupt or alter the location of or the composition of the existing audit team working with Kingtone.