Imperial Capital Completes $25 Million Common Stock Offering for China Security & Surveillance Technology, Inc.

LOS ANGELES, CA--(Marketwire - August 31, 2009) - Imperial Capital announced today the closing of a $25.35 million common stock offering for China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (NYSE: CSR) (DUBAI: CSR), a leading provider of digital surveillance technology in the PRC. The Company sold 4,056,000 shares of its common stock at a price of $6.25 per share through a registered direct offering. In addition, the Company issued to the investors one year warrants to purchase an additional 1,014,000 shares of common stock, in the aggregate, at a price of $8.62 per share. The offering of the shares was made pursuant to an effective registration statement on file with the Securities and Exchange Commission. Imperial Capital, LLC acted as co-placement agent and Brean Murray, Carret & Co. acted as lead placement agent and book runner on the transaction.

The net proceeds from the offering will be used to repay notes issued to Citadel Equity Fund Ltd. in accordance with the Company's previously announced restructuring of its outstanding guaranteed senior unsecured convertible notes. Pending such repayments the Company will use the net proceeds from the offering for working capital and general corporate purposes.

Based in Shenzhen, China, CSST manufactures, distributes, installs and services surveillance and safety products and systems as well as develops surveillance and safety related software in China. The Company's customers are mainly comprised of commercial and government entities and non-profit organizations. CSST has built a diversified customer base through its extensive sales and service network that includes over 150 branch offices and distribution points throughout China. To learn more about the Company visit http://www.csst.com.

Mr. Goshen Tu, Chairman of CSST, noted, "The purpose of the offering was to restructure the outstanding senior unsecured convertible notes, and for working capital. Imperial Capital was chosen to assist in this endeavor due to its expertise in the security industry, its experience with security industry transactions, and their knowledge of our company."

John E. Mack III, Managing Director, and Co-Head of Corporate Finance at Imperial Capital, said, "This transaction demonstrates how Imperial Capital's deep industry expertise and significant sales & trading platform can assist middle market companies in raising capital even in a challenging market environment."

About Imperial Capital, LLC

Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, and San Francisco. The firm currently employs over 160 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital's investment banking group provides debt and equity capital markets, M&A, capital structure, restructuring and recapitalization advisory services to middle market companies and private equity firms. Imperial Capital provides research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. More information about Imperial Capital and its investment banking services can be found at www.imperialcapital.com.

Contact Information: For more information regarding Imperial Capital or this transaction, please contact: Press: Anna Halloran Jacob Imperial Capital, LLC (310) 246-3675 ahalloranjacob@imperialcapital.com