TAOP Makes Strategic Move to Expand Into South Asia and Southeast Asia Market
December 07 2018 - 8:30AM
Taoping Inc. (NASDAQ: TAOP), a leading provider of internet-based
ad distribution and display terminal sharing systems and online
retail platform, today announced that it has entered into
strategic cooperation agreements with two companies:
Asia Taoping Pte. Ltd. (Asia Taoping) and Singapore Taoping Pte.
Ltd (Singapore Taoping).
According to the agreements, as the local
partners of TAOP, Asia Taoping will operate TAOP sharing new media
in South Asia and Southeast Asia market, Singapore Taoping will
operate TAOP sharing new media in Singapore market.
“The expansion into the Asia market is another
important move of our overseas development plan following TAOP’s
successful landing in Toronto last month.” said Mr. Jianghuai Lin,
the Chairman and CEO of TAOP, “The booming E-commerce market and
increasing mobile app usage in Southeast Asia creates the
conditions for the success of our ‘Smart IoT Terminal - Taoping
Net/App - Taoping E-store’ lifestyle media ecosystem. We look
forward to seeing more local businesses benefiting from our
platform.”
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.
For further information, please contact:
Taoping Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: IR@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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