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SHENZHEN, China, April 29, 2019 (GLOBE NEWSWIRE) -- Taoping Inc. (TAOP), a leading provider of internet-based advertisement distribution and display terminal sharing systems and online retail platform, today announced that twenty companies have joined the Taoping Alliance at the Taoping New Media Promotion Conference held in Jinjiang city, Fujian Province, China on Apr 26-27, 2019. Taoping Alliance is a nationwide advertising resource sharing platform jointly founded by TAOP and Shenzhen Taoping New-Media Limited. Since its establishment in May 2017, the number of Taoping Alliance members has increased to one hundred and thirty-one with the coverage of twenty-six provinces out of thirty-four provincial level administrative units in China and three members overseas (Toronto, Asia, and Singapore).
The twenty new members are Anshun Taoping, Yinjiang Taoping, and Libo Taoping in Guizhou Province, Deqing Taoping and Changxing Taoping in Zhejiang Province, Suzhou Taoping in Jiangsu Province, Cao Taoping in Shangdong Province, Qianjiang Taoping in Hubei Province, Baoshan Taoping in Yunan Province, Sanming Taoping, Nanping Taoping, Longhai Taoping, Nan'an Taoping, Zhangpu Taoping, Yunxiao Taoping, Dongshan Taoping, Jiaomei Taoping, Shanghang Taoping, and Changting Taoping in Fujian Province, and Hunan Taoping in Hunan Province. The twenty companies are responsible for new media operations at Anshun city, Yinjiang county, Libo county, Deqing county, Changxing county, Suzhou city, Cao county, Qianjiang city, Baoshan city, Sanming city, Nanping city, Longhai city, Nan'an city, Zhangpu county, Yunxiao county, Dongshan county, Jiaomei town, Shanghang county, Changting county and Hunan Province respectively.
With the “Smart IoT Terminal Network- Taoping App - Taoping Go (e-Store)” media ecosystem that has been fully developed, advertisers (individuals and business owners) are able to use Taoping App to distribute real-time ads on any designated cloud-based ad display terminals in residential and office buildings in the Alliance’s IoT Terminal network for targeted advertising. In addition, Taoping e-Store enables consumers if they like to view ads on their mobile devices and receive promotional coupons or messages from the e-Store they visited online. Thus, our media ecosystem not only builds up brands for advertisers, but also enables direct interactions with consumers for them, and thus efficiently converts online traffic to real consumption.
“We are proud to announce the addition of twenty new members to the Taoping family. The fast growth of Taoping Alliance members reflects the huge market potential of third, fourth, and fifth tier cities.” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “With accelerated market penetration, we expect that by the end of 2019, the number of cities that Taoping Alliance covers will reach 300 nationwide, the number of Taoping App business users (advertisers) to reach at least 30,000, and the number of Taoping Go (e-Store) consumer users to reach at least 3 million, which is expected to significantly drive our revenue growth in the coming years.”
About Taoping Inc.
Taoping Inc. (formerly known as China Information Technology, Inc.) (TAOP), is a leading provider of smart display terminals for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display terminals. Connecting terminal owners, advertisers and consumers, it builds up a resource sharing "Smart IoT Terminal Network- Taoping App - Taoping Go (E-store)" 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.taop.com/.
Safe Harbor Statement
This press release may contain certain “forward-looking statements” relating to the business of Taoping 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:
Dragon Gate Investment Partners LLC
Tel: +1 (646)-801-2803