Taoping Alliance Membership Reaches 99 Companies
December 12 2018 - 8:30AM
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 Wuhan city on December 7, 2018. With the
addition of the 13 companies, the total membership of Taoping
Alliance reached 99.
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 ninety-nine, with the
coverage of over twenty-six provinces out of thirty-four provincial
level administrative units in China and three members overseas
(Toronto, Asia, and Singapore).
The new members are Jingmen Taoping, Shiyan
Taoping, Ezhou Taoping, Yidu Taoping, Zigui Taoping, Banna Taoping,
Chuxiong Taoping, Zhaotong Taoping, Honghe Taoping, Duyun Taoping,
Fuquan Taoping, Qingzhen Taoping, and Pinghe Taoping. The thirteen
companies are responsible for the sharing new media operation at
Jingmen city, Shiyan city, Ezhou city, Yidu city, Zigui county,
Xishuangbanna Dai Autonomous Prefecture, Chuxiong city, Zhaotong
city, Honghe Hani and Yi Autonomous Prefecture, Duyun city, Fuquan
city, Qingzhen city, and Pinghe 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.
“2018 has been a fruitful year for TAOP. The
substantial growth of Taoping Alliance membership is a result of
the successful implementation of our nationwide and overseas
marketing strategy,” said Mr. Jianghuai Lin, the Chairman and CEO
of TAOP. “In the coming year, we will leverage existing Taoping
Alliance members at city level 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.
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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