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TAOP - Taoping Inc News Story

$3.31 -0.1  -3.8%

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Sector
Technology
Size
Micro Cap
Market Cap £19.2m
Enterprise Value £30.9m
Revenue £10.5m
Position in Universe 5168th / 6368

Taoping Alliance Welcomes Twelve New Members

Tue 15th October, 2019 1:30pm
Taoping Alliance Welcomes Twelve New Members

SHENZHEN, China, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of internet-based smart display screens, and a new-media ecosystem that enable targeted advertising and online retails, today announced that twelve companies have joined the Taoping Alliance to operate Taoping new media in twelve cities as our city partners. Since its establishment in May 2017, the number of Taoping Alliance members has increased to one hundred and sixty-five operating in 165 cities across twenty-six provinces out of thirty-four provincial level administrative units in China and three members overseas (Toronto, Asia, and Singapore).

The twelve new members are Lishui Taoping, Tongzhou Taoping, Rugao Taoping, Dafeng Taoping, Gaoyou Taoping, and Baoying Taoping, in Jiangsu Province, Tianmen Taoping, Jingshan Taoping, Songzi Taoping in Hubei Province, Liangshan Taoping, and Chengwu Taoping, in Shandong Province, and Putian Taoping in Fujian Province. The twelve companies are purchasing smart display screens from TAOP and are responsible for new media operations at Lishui District, Tongzhou District, Rugao County, Dafeng District, Gaoyou County, Baoying County, Tianmen Prefecture, Jingshan County, Songzi County, Liangshan County, Chengwu County, and Putian Prefecture respectively.

Taoping new-media ecosystem provides a full range of smart services for advertisers (individuals and business owners) and consumers. The eco-system of Taoping Network of smart display screen, Taoping Alliance of city partners, owners of smart display screens, and advertisement agents is providing efficient and targeted marketing capabilities for brands. Furthermore, the eco-system is providing advertisers with new sources of online traffic as Taoping Go (e-Store) integrates new media and new retail, while Taoping Network of smart display screens are expanding to cover more and more high people traffic areas around consumers’ life.

“We are very delighted to welcome the 12 new city partners as members of Taoping Alliance. The market in the 3rd, 4th and 5th-tier cities is a major part of our market development strategy, since it covers 70% of consumers nationwide,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “Taoping is expected to penetrate nationwide with a growing number of Taoping Alliance members.”

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 screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen 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:
Taoping Inc.

Chang Qiu
Email: chang_qiu@taoping.cn
http://www.taop.com/
or

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: taop@dgipl.com

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