Taoping Alliance Welcomes 31 New Members
SHENZHEN, China, Dec. 31, 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 31 companies have joined the Taoping Alliance to operate Taoping new media in 31 cities as its city partners. As of now, Taoping Alliance has 196 domestic members operating in 196 cities across 26 provinces out of 34 provincial level administrative units in China as well as three overseas members (Toronto, Asia, and Singapore).
The 31 new members are Tongcheng Taoping, Jinzhai Taoping, Nanling Taoping, Fanchang Taoping, and Wuhu Taoping, in Anhui Province, Mile Taoping, Luxi Taoping, Jianshui Taoping, Gejiu Taoping, Hekou Taoping, Wuding Taoping, Lufeng Taoping, Yuanmou Taoping, and Qiubei Taoping in Yunnan Province, Lichuan Taoping and Huangpi Taoping in Hubei Province, Chaling Taoping, Changning Taoping, and Hengshan Taoping in Hunan Province, Wuxi Taoping, Huaian Taoping, and Rudong Taoping in Jiangsu Province, Dongming Taoping, Dong’e Taoping, and Ningyang Taoping in Shandong Province, Tongzi Taoping, Zhenning Taoping, Xingyi Taoping, Rongjiang Taoping, Panzhou Taoping, and Shuicheng Taoping in Guizhou Province. The 31 companies are purchasing smart display screens from TAOP and are responsible for new media operations at Tongcheng County, Jinzhai County, Nanling County, Fanchang County, Wuhu County, Mile County, Luxi County, Jianshui County, Gejiu County, Hekou County, Wuding County, Lufeng County, Yuanmou County, Qiubei County, Lichuan County, Huangpi District, Chaling County, Changning County, Hengshan County, Wuxi City, Huai’an Prefecture, Rudong County, Dongming County, Dong’e County, Ningyang County, Tongzi County, Zhenning County, Xingyi County Rongjiang County, Panzhou County and Shuicheng County respectively.The eco-system of Taoping Network of smart display screens, Taoping Alliance of city partners, owners of smart display screens, and advertisement agents is providing efficient and targeted marketing capabilities for brands. Taoping Smart Cloud Platform is enabling brands to publish advertisements at any desired locations at any desired time and duration, and monitor advertisements effectiveness. As a supplement to Internet advertising, Taoping plans to open API connections with third-party platforms, to allow online advertisers access Taoping Network of smart display screens to improve their coverage.“We are glad to welcome the 31 new city partners as members of Taoping Alliance. It’s the latest achievement of Taoping’s strategic plan to rapidly expand our operating network and presence in the third, fourth, and fifth-tier cities where consumption growth is robust due to consumption upgrade and a growing middle class,” said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “We believe that our city partners, owners of smart display screens, and advertisement agents can all share resources and benefit from Taoping Smart Cloud platform. We will continue to expand Taoping ecosystem to become a leading new media platform for third, fourth, and fifth tier cities nationwide, and expect more city partners to join us in 2020.”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 StatementThis 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.
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