China Information Technology, Inc.
CNIT Receives $1 Million Cloud-based Ad Terminal Order for Heze, Shandong Province
CNIT Receives $1 Million Cloud-based Ad Terminal Order for Heze, Shandong Province Signed with Heze Taoping IoT Technology Limited, the contract is expected to generate sales and service revenue to CNIT of about $1 million. Today’s news is the twenty-first in a series of announcements since May of 2017 on CNIT’s sales of its cloud-based ad terminals. Each of the contracts – which range in value from $0.5 to $3 million – is also expected to generate recurring revenue from customers’ use of the company’s Yunfa advertising distribution system and Taoping ad screen sharing platform. “Heze is a hub city connecting four provinces in the northeast of China.” said Chairman and CEO Mr. Jianghuai Lin. “The contract in Heze is another success following CNIT’s $1 million contract in Fujian province this February. This contract will continue expanding marketing influence of CNIT and accelerate our implementation plan in 2018. In addition, the innovation of Taoping new-media ecosystem has proven to be the major driver for the market expansion of our cloud-based products and solutions in the fast-growing advertising industry of China.” Mr. Lin added. Mr. Lin reiterated that by 2018, the Company expects to sell an additional 120,000 cloud-based ad terminals with market penetration in 100 cities with coverage for 200 million people throughout China. About China Information Technology, Inc. For further information, please contact:
26/02/2018 Dissemination of a Financial Press Release, transmitted by EQS Group. |