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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Taoping Inc       VGG211741001

TAOPING INC

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China Information Technology : CNIT Announces the Launch of Taoping Net and Taoping App

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01/16/2018 | 03:04am EDT

SHENZHEN, China, Jan 16, 2018 -- 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.

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.

China Information Technology Inc. published this content on 16 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2018 07:04:01 UTC.

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Financials ($)
Sales 2011 172 M
EBIT 2011 47,2 M
Net income 2011 -
Debt 2011 -
Yield 2011 -
P/E ratio 2011 -
P/E ratio 2012 -
Capi. / Sales 2011 0,24x
Capi. / Sales 2012 -
Capitalization 41,6 M
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Income Statement Evolution
Managers
NameTitle
Jiang Huai Lin Chairman & Chief Executive Officer
Zhi Qiang Zhao President, Chief Financial Officer & Director
Zhi Xiong Huang Chief Operating Officer
Guang Zeng Chen Chief Technology & Product Officer
Yun Sen Huang Independent Director
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