CNIT Announces Taoping Alliance Enters into the Nationwide County-level Market
May 22 2018 - 8:00AM
China Information Technology, Inc. (Nasdaq: CNIT), a leading
provider of internet-based ad distribution and ad display terminal
sharing systems in China, today announced that Taoping Alliance, a
new media operating organization founded by CNIT and Shenzhen
Taoping New-Media Limited, is vertically penetrating into the
nationwide county-level market.
Covering Fujian, Jiangsu, Shanxi, Hubei, and Guangdong province,
Taoping Alliance takes the lead in the nationwide county-level
market that includes Jinjiang, Shishi, Anxi, Dehua, Yongchun,
Nanan, Hui'an, Zhangjiagang, Jixian, Macheng, and Huidong city.
Since its establishment in May 2017, the members of Taoping
Alliance have increased to fifty-one and the coverage is over
twenty-two provinces and provincial cities throughout China.
“Taoping Alliance as the first-mover to enter the county-level
market is the result of continuing to deepen the market cultivation
and development after it has completed the layout of core provinces
and cities,” said Mr. Jianghuai Lin, Chairman and CEO of CNIT,
“Taoping Chain 3.0 provides an easy and effective way for consumers
to interact with brands on the terminal. It brings more transaction
opportunities to advertisers, which in return greatly increase
their willingness to deliver ads through Taoping App.”
Taoping Net, launched in January 2018, integrates the national
screen resources into the online market to provide advertisers with
a one-stop online ad distribution service. By scanning the QR code
on the cloud-based ad terminal, consumers can divert offline ad to
his/her online mobile phone and receive coupons or messages from
the brands directly. This engaging interaction enables the consumer
to access the brand’s promotion easily and efficiently. Based on
Taoping Chain 3.0, the system connects each party in the chain and
builds up a “Smart IoT Terminal - Cloud Services
- Taoping Web” media ecosystem to ultimately achieving
the mission of “our technology makes advertising and branding
affordable and effective for everyone.”
About China Information Technology
China Information Technology, Inc. (Nasdaq: CNIT) is a leading
cloud-based ad terminal and service provider of digital advertising
distribution network and new media resource sharing platform in the
Out-of-Home Advertising Market of China. CNIT provides the
integrated end-to-end digital advertising solutions enabling
customers to distribute and manage ads on the ad display terminals.
Connecting cloud-based ad terminal owners, advertisers, and
consumers, CNIT builds up a resource sharing “Smart IoT Terminal -
Cloud Services - Taoping Web” media ecosystem to
ultimately achieve the mission “our technology makes advertising
and branding affordable and effective for everyone.” To learn more,
please visit http://www.chinacnit.com.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of China Information
Technology, Inc., and its subsidiaries and other consolidated
entities. All statements, other than statements of historical fact
included herein, are "forward-looking statements" in nature within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements, often identified by the use
of forward-looking terminologies such as "believes", "expects" or
similar expressions, involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. The Company’s actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company’s periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company and its subsidiaries and other
consolidated entities or persons acting on their behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
a duty to update these forward-looking statements.
For further information, please contact:
China Information Technology, Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: IR@chinacnit.com
http://www.chinacnit.com
or
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: cnit@dgipl.com
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