TAOP Regains Compliance with Nasdaq Minimum Bid Price Listing Requirement
August 24 2020 - 8:30AM
Taoping Inc. (NASDAQ: TAOP, the “Company”), a leading provider of
internet-based smart display screens, and a new-media ecosystem
that enables targeted advertising and online retails, today
announced that it has received a letter from the NASDAQ Listing
Qualifications staff notifying the Company that it has regained
compliance with NASDAQ's minimum bid price requirements for
continued listing on the Nasdaq Capital Market. The letter noted
that as a result of the closing bid price of the Company's ordinary
shares having been at $1.00 per share or greater for the last 15
consecutive business days, from July 30 through August 19, 2020,
the Company has regained compliance with Listing Rule 5550(a)(2)
and the matter is now closed.
About Taoping Inc.
Taoping Inc. (formerly known as China
Information Technology, Inc.) (TAOP), is a leading provider of
smart display terminals and solutions 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 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.Chang QiuEmail: chang_qiu@taoping.cn
or
Dragon Gate Investment Partners LLC Tel: +1(646)-801-2803
Email: TAOP@dgipl.com
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