CNIT Announces the Launch of Taoping Net and Taoping App
January 16 2018 - 7:00AM
China Information Technology, Inc. (Nasdaq: CNIT), a provider of
internet-based ad distribution and ad display terminal sharing
systems in China, today announced it has launched Taoping Net and
Taoping App, enabling consumers to distribute ads wherever and
whenever they want on CNIT cloud-based ad terminals. The
terminals are currently available in ten cities of China, including
Shenzhen, Guangzhou, Shanghai, Ningbo, Nanjing, Quanzhou, Changde,
Wuhan, Zhengzhou, Kunming, and will soon be accessible in more
metropolitan areas.
Taoping Net provides an advertising-resources trading service
platform which connects screen owners, advertisers and consumers.
Taoping Net integrates nationwide high-quality screen resources of
Taoping Alliance, a new media operating organization founded by
CNIT and Shenzhen Taoping New-Media Limited.
Taoping App, which enables customers to distribute and manage
ads from mobile terminals, effectively satisfies the need to
distribute fragmented ads. Using Taoping App, anyone can buy and
distribute real-time ads to designated terminals.
The launch of Taoping Net and Taoping App indicates CNIT’s
business has been extended to final consumers. Consumers can use
Taoping Net and Taoping App to distribute ads on more than 10,000
terminals now. As the service provider for Taoping’s ads
distribution and display terminal sharing system, CNIT takes a
certain amount of commission fee on every transaction Taoping Net
and Taoping App make.
“The launch of Tapping Net and Taoping App opens a new chapter.
We will keep optimizing and upgrading the platform to enhance the
user’s experience and maintain the leading position in the
industry,” said Mr. Jianghuai Lin, Chairman and CEO of CNIT, “The
net transactions will bring the company sustainable future revenue
and cash flow. We will also apply more new technologies and
applications into the platform.”
More CNIT cloud-based ad terminals in more cities throughout
China will soon be available in Taoping Net and Taoping App.
For more information about Taoping Net, please visit
www.taoping.cn or download Taoping (淘屏) App from Apple/Android app
store.
Safe Harbor StatementThis 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 "will", "would", "could",
"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.
About China Information Technology, Inc. China
Information Technology, Inc. (CNIT) is a leading Internet service
company that provides integrated cloud-based solutions enabling
innovation and smart living in the fields of new media, elevator
safety management, education, etc. Through continuous innovation,
CNIT is aiming to leverage its proprietary
Cloud-Application-Terminal technology to level the competitive
landscape in the new media industry and deliver value for its
shareholders, employees, customers, and the community. To learn
more, please visit http://www.chinacnit.com.
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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