SHENZHEN, China, Dec. 03, 2018 (GLOBE NEWSWIRE) — Taoping Inc. (NASDAQ:TAOP), a leading provider of internet-based advertisement distribution and display terminal sharing systems and online retail platform, today announced that thirteen companies have joined the Taoping Alliance at the Taoping New Media Promotion Conference held in Ningbo city on November 30, 2018.
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 members of Taoping Alliance have increased to eighty four, with the coverage of over twenty-six provinces out of thirty-four provincial level administrative units.
The new members are Jiaozhou Taoping, Juancheng Taoping, Juye Taoping, Xiamen Taoping, Qionghai Taoping, Chengmai Taoping, Danzhou Taoping, Suqian Taoping, Lu’an Taoping, Shaoxing Taoping, Quzhou Taoping, Cixi Taoping, and Xiangshan Taoping. The thirteen companies are responsible for the sharing new media operation at Jiaozhou city, Juancheng county, Juye county, Xiamen city, Qionghai city, Chengmai county, Danzhou city, Suqian city, Lu’an city, Shaoxing city, Quzhou city, Cixi city, and Xiangshan county respectively.
With the “Smart IoT Terminal – Taoping Net/App – Taoping E-store” lifestyle media ecosystem that has been fully developed, advertisers (individuals and business owners) will soon be able to use Taoping App to distribute real-time ads on the designated cloud-based ad display terminals in residential and office buildings in these areas. In addition, Taoping E-store enables consumers to view the ads on their mobile devices and receive promotional coupons or messages from the E-store, where they just visited online. The Taoping Chain ecosystem enables direct interactions among consumers and advertisers and efficiently drives online traffic to real consumption.
“The fast growth of Taoping Alliance members reflects our competitive advantage in the Out-of-Home advertising industry. Our leading platform technology and innovative business model make us outstanding in the market,” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. “In the coming year, we will leverage existing Taoping Alliance members to accelerate the market penetration process, especially in third, fourth, and fifth tier cities. We expect that by the end of 2020, the number of cities that Taoping Alliance covers will reach 300 with 300,000 terminals nationwide, the number of business users of Taoping App and Taoping E-store will reach 100,000, the number of retail users of Taoping E-store will reach 20 million and Cloud-based IoT network coverage will reach 200 million population.”
About Taoping Inc.
Taoping Inc. (formerly known as China Information Technology, Inc.) Nasdaq: TAOP, is a leading cloud-based ad terminal and service provider of digital advertising distribution network and new media resource sharing platform in the Out-of-Home advertising market of China. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on the ad display terminals. Connecting cloud-based ad terminal owners, advertisers and consumers, it builds up a resource sharing “Smart IoT Terminal – Taoping Net/ App – Taoping 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.
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