China Information Technology, Inc.
CNIT Receives $1 Million Cloud-based Ad Terminal Order for Taizhou, Jiangsu
CNIT Receives $1 Million Cloud-based Ad Terminal Order for Taizhou, Jiangsu Signed with Jiangsu Tianluo Investment Co., Limited, the contract is expected to generate sales and service revenue to CNIT of about $1 million. Today’s news is the nineteenth 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 (淘屏) Net/App new-media sharing platform. “Taizhou is one of the central cities inside the Yangtze River urban agglomeration with a fast-growing economy. ” said Chairman and CEO Mr. Jianghuai Lin. “The contract in Taizhou is another success following CNIT’s $1.5 million contract in Hebei and Liaoning province this January. This contract will strengthen our presence in the Yangtze River economic zone and cast more marketing influences into neighbor provinces.” he 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:
05/02/2018 Dissemination of a Financial Press Release, transmitted by EQS Group. |