CNIT Obtained Inclusion of LD Micro Index
February 15 2018 - 8:00AM
China Information Technology, Inc. (Nasdaq: CNIT), a leading
provider of internet-based ad distribution and ad display terminal
sharing systems in China, announced that it has been added into the
LD Micro Index, effective February 1st, 2018.
The LD Micro Index is designed to give the most accurate
representation of the intraday activity of microcap stocks
in North America. It employs a mixture of screening for
inclusion and manual exclusion where deemed appropriate.
The index is market cap weighted and is comprised of
approximately 1,014 stocks in the U.S. and Canada with
market capitalizations between $50 million and $300
million.
"We are honored to have China Information Technology become one
of the newest additions to the LD Micro Index. Management has done
a great job over the past year getting the company back to
profitability, “stated Chris Lahiji, Founder of LD Micro.
Chairman and CEO Mr. Jianghuai Lin said, "We are very glad that
CNIT is exposed to the investors of LD Micro Index. We look forward
to building more connections in the capital markets of North
America. We wish our shareholders to have a prosperous Chinese New
Year in 2018!”
About China Information Technology, Inc.
China Information Technology, Inc. (CNIT) is a leading Internet
service company that provides integrated cloud-based solutions
enabling innovation and smart living in the fields of new media,
elevator safety management, education, etc. Through continuous
innovation, CNIT is aiming to leverage its proprietary
Cloud-Application-Terminal technology to level the competitive
landscape in the new media industry and deliver value for its
shareholders, employees, customers, and the community. To learn
more, please visit http://www.chinacnit.com
About LD Micro
LD Micro was founded in 2006 with the sole purpose of being an
independent resource in the microcap space. We are investors, first
and foremost. What started out as a newsletter highlighting unique
companies has transformed into several influential conferences
annually (Invitational, Summit, and Main Event).
In 2015, LD Micro launched ldmicro.com as a portal to provide
exclusive intraday information on the entire sector, including the
first pure microcap index (LDMi) which covers stocks in North
America with market capitalizations
between $50-$300m.
Safe Harbor Statement
This press release may contain certain "forward-looking
statements" relating to the business of China Information
Technology, 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:
China Information Technology, Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: IR@chinacnit.com
http://www.chinacnit.com
or
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: cnit@dgipl.com
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