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Kingtone Wirelessinfo Solution Holding Ltd Reports Fourth Quarter and Fiscal Year 2010 Financial Results; Provides Fiscal Year 2011 Revenue and Net Income Guidance

XI’AN China Jan. 20, 2011 China the United States of America

Fourth Quarter Financial Highlights

  • $5.33 million $3.92 million
  • $4.64 million $2.27 million
  • Gross margin increased to 87.0% from 57.9% in the prior year period.
  • $3.13 million $1.81 million
  • $0.22 $0.18

Fiscal Year 2010 Financial Highlights

  • $14.51 million $11.24 million
  • $12.15 million $7.35 million
  • Gross margin increased to 83.8% from 65.4% in the prior year period.
  • $8.24 million $5.3 million
  • $0.71 $0.53

Peng Zhang US$16 million

"As we move forward, we believe that we are ideally positioned to capture the growing opportunities in front of us as our clients continue to strive for greater efficiency in their business. We will continue to carefully evaluate each new business opportunity on its own merits in the best interest of the company and its shareholders," concluded Mr. Peng.

Fourth Quarter Financial Performance

September 30, 2010 September 30, 2009

Revenues. $5 $3.92 million $4 $1 $1.24 million $2

Gross Profit and Gross Margin. $4 $2.27 million

Income from Operations . $3 $1.97 million

Net Income and EPS. $3.13 million $1.81 million $0.22 $0.18 September 30, 2010

Fiscal Year 2010 Financial Performance

Results of Operations – T September 30, 2010 September 30, 2009

Revenues. September 30, 2010 $14.51 million $11.24 million $11.27 million September 30, 2010 $5.17 million $3.23 million September 30, 2010 $6 $1.1 million

Gross Profit and Gross Margin. September 30, 2010 $12.15 million $7.35 million September 30, 2010

Income from Operations. $10 million September 30, 2010 $6.32 million September 30, 2010

Net Income and EPS. $8.2 million September 30, 2010 $5.3 million $0.71 $0.53 September 30, 2010

Liquidity and Capital Resources.

Cash and Cash Equivalents. September 30, 2010 $14.9 million $0.34million November 30, 2009 September 30, 2010 $4 million $0.13 million September 30, 2010 $10.32 million $8.55 million September 30, 2010

Financial Outlook

September 30, 2011 $18.8 million to $20.2 million $10.2 million to $11.6 million

Conference Call

9:00 a.m. ET Thursday, January 20, 2011 Peng Zhang Ying Yang

To participate in the conference call, please dial any of the following numbers:

  USA Toll Free: (877) 407-9205

  International: (201) 689-8054

  Conference ID #: 364788

11:59 PM ET January 20, 2011

To access the replay, please dial any of the following numbers:

  USA Toll Free: (877)-660-6853

  International: (201) 612-7415

Replay Passcodes (both required for playback):

  Account #: 286

  Conference ID #: 364788

http://www.InvestorCalendar.com

About Kingtone Wirelessinfo Solution Holding Ltd

China

www.kingtoneinfo.com

Safe Harbor Statements

May 14, 2010 December 1, 2009 September 30, 2010

Contact Information

Kingtone WirelessInfo Solution Holding Ltd

Ms. Ying Yang, Chief Financial Officer

Tel: +1-626-623-2575 (US)

   +86-187-1040-4571 (China)

Email: [email protected]

Christensen

Tip Fleming

Tel:  +852-9212-0684  

Email: [email protected]

Kathy Li

Tel:  +1-480-614-3036  

Email: [email protected]

KINGTONE WIRELESSINFO SOLUTION HOLDING LTD AND SUBSIDIARIES

CONSOLIDATED AND COMBINED BALANCE SHEETS

(Express in thousands of U.S. Dollars, except shares and per share data)

As of  September 30,

As of  November 30,

2010

2009

(see note below)

ASSETS

Current assets

Cash and cash equivalents

$14,909

$344

Accounts receivable, net of allowance

6,650

2,353

Unbilled revenue

973

178

Due from related companies

120

Inventories, net

383

127

Other receivables and prepayments

771

1,012

Total Current Assets

23,806

4,014

Non-current assets

Property and Equipment, net

13,637

1,693

Deposit to purchase building

12,200

Intangible assets

630

Total Assets

$38,073

$17,907

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities

Accounts payable

$ 575

$ 1,409

Advances from customers

371

1,398

Other payables and accruals

167

559

Taxes payable

3,421

601

Short-term loan

3,437

Amounts due to shareholder

200

Deferred government grant

Dividend payable

772

1,177

Total Current Liabilities

5,306

8,781

Commitments and contingencies

Stockholders’ equity

Ordinary share ($.001 par value, 100,000,000 shares authorized, and 10,000,000 shares and 14,000,000 shares issued and outstanding)

$ 14

$10

Paid in capital

6,897

Additional paid in capital

21,915

216

Appropriated retained earnings

844

231

Unappropriated retained earnings

8,281

657

Accumulated other comprehensive income

1,713

1,115

Total Stockholders’ Equity

32,767

9,126

Total Liabilities and Stockholders’ Equity

$38,073

$17,907

March 2010 November 30th to September 30th

KINGTONG WIRELESSINFO SOLUTION HOLDING LTD AND SUBSIDIARIES

CONSOLIDATED AND COMBINED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(Express in thousands of U.S. Dollars, except shares and per share data)

For the quarter ended September 30,

For the year ended September 30,

2010

2009

2010

2009

(Unaudited)

(Unaudited)

(see note below)

Revenues

Software

$ 4,095

$ 1,824

$ 11,272

$ 5,170

Wireless system solution

1,236

2,092

3,234

6,070

Total revenues

5,331

3,916

14,506

11,240

Cost of sales

Software

413

126

903

476

Wireless system solution

280

1,524

1,449

3,418

Total cost of sales

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