Kingtone Wirelessinfo Solution Holding Ltd to Report its Unaudited Financial Results for the First Six Months of Fiscal 2011 on May 31, 2011; Will Lower Earnings Guidance for FY2011

XI'AN, China, May 24, 2011 /PRNewswire-Asia-FirstCall/ -- Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq: KONE) ("Kingtone" or the "Company"), 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 will host a conference call to discuss its financial results for the first six months of fiscal year 2011 at 8:30 a.m. ET on Tuesday, May 31, 2011. The Company plans to release its financial results for the first six months of fiscal year 2011 before the conference call.

During the call the Company will report on recent business developments, the Company's competitive environment and business conditions and explain its strategy to deal with these challenges and deliver sustainable growth going forward. The Company expects to lower its prior revenue and earnings guidance for the full fiscal year ending September 30, 2011 based on a review of its preliminary financial results for the first six months of fiscal year 2011 and its new estimate of business prospects for the second half of fiscal year 2011.

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

A replay of the call will be available until 11:59 PM ET on June 2, 2011.

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

The conference call will be webcast live by Vcall and can be accessed at http://www.InvestorCalendar.com .

About Kingtone Wirelessinfo Solution Holding Ltd

Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq: KONE) 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.

SOURCE Kingtone Wirelessinfo Solution Holding Ltd.