SHENZHEN, China, Jan. 29, 2018 (GLOBE NEWSWIRE) -- China Information Technology, Inc. (CNIT), a leading provider of internet-based ad distribution and ad display terminal sharing systems in China, today announced that the cloud-based ad terminals for Taoping Net and Taoping (淘屏) App are currently available in fifteen Chinese cities, and is expected to expand to more metropolitan areas in the near future.
The cloud-based ad terminals locate at fifteen Chinese cities, including Shenzhen, Guangzhou, Shanghai, Ningbo, Nanjing, Wuhan, Zhengzhou, Kunming, Quanzhou, Changde, Nanning, Chongqing, Huanggang, Wuhu and Hangzhou.
Taoping Net and Taoping (淘屏) App, enabling consumers to buy and distribute ads wherever and whenever they want on CNIT cloud-based ad terminals. Taoping Net provides an advertising-resources trading service platform connecting screen owners, advertisers and consumers. Taoping (淘屏) App, which enables customers to distribute, manage and monitor ads from mobile terminals, effectively satisfies the need to distribute fragmented ads. CNIT takes a certain amount of commission fee on every transaction Taoping Net and Taoping (淘屏) App makes.
“This market expansion of CNIT terminals for Taoping Net and Taoping (淘屏) App takes us one step further to perfect the Taoping new-media sharing platform, an ecosystem that creates a sharing economy benefiting every participant.” said Mr. Jianghuai Lin, Chairman and CEO of CNIT, “With our cloud-based ad terminals expanding to more cities in China, revenue from the commission fee will bring CNIT sustainable future cash flow.”
For more information about Taoping Net, please visit www.taoping.cn, or download Taoping (淘屏) App from Apple/Android app store.
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.
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.