Las Vegas National Sports Center Signs Memorandum of Understanding for the Financing and Construction of the Silver State Arena in Las Vegas

International Development Management (IDM) and CSST Smart Cities International (CSST), with the support of their Chinese banking partners, announced today the signing of a Memorandum of Understanding providing for the full financing and construction of the 750,000-square-foot, 17,500-seat, $650 million state-of-the-art Silver State Arena in Las Vegas, Nevada.

Construction of the Silver State Arena will now commence in mid-2012 and be completed by mid-2014. IDM and CSST understand that in the world today, cooperation between U.S and Chinese companies is critical to their mutual success. The agreement between affiliates of IDM and CSST will give IDM a strong partner in China, and CSST an excellent foothold from which to grow in the construction sector in the United States.

About International Development Management LLC

IDM is a global property development and finance company specializing in large scale commercial, mixed-use and special-use projects worldwide. More information can be found at www.idmcapital.com

About China Security & Surveillance Technology, Inc.

CSST is one of China’s largest and fastest growing building products and services companies which is in the process of a rapid overseas expansion of its activities. CSST is a leading global investor, contractor and operator and a supplier of overall solutions related to intelligent, sustainable development. To learn more about the Company visit www.csst.com.

SOURCE International Development Management LLC

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