TAOP Announces Appointment of Chief Marketing Officer and Provides Business Updates
July 01 2021 - 8:00AM
Taoping Inc. (NASDAQ: TAOP, the “Company” or “TAOP”), a provider of
blockchain technology and smart cloud services, today provides an
update of its business and announces the promotion of Huan Li,
current director of Digital Culture Business Division, to
concurrently serve as the Company's Chief Marketing Officer. Mr. Li
will oversee all product marketing, brand strategy, direct and
digital marketing, data analytics and marketing operations.
“Since joining TAOP in March, Mr. Li has proven
to be an experienced marketing leader with keen market observations
and strong market development abilities, and his presence has been
felt across the entire company,” said Mr. Jianghuai Lin, Chairman
and CEO of TAOP, “We believe his elevated role will ensure the
execution of the Company’s market expansion agenda.”
Business Updates:
- As previously disclosed, on June 9,
2021, the Company closed its acquisition of Taoping New Media. The
Company expects to book advertising revenues starting from June
2021.
- On June 24-26, 2021, TAOP attended
the 18th China Outdoor Communication Conference hosted by Asia OOH
in Chengdu, China. At the conference, TAOP received the “Top Media
in Shopping District” Award for its innovation in out-of-home
advertising with digital transformation and multi-scene
applications.
- The Company’s previously-announced
acquisition of Render Lake is currently being reviewed by relevant
Canadian authorities and the Company will work diligently to
cooperate fully with the authorities to complete the review as soon
as possible.
- The Company’s NFT business
continues as planned and the Company currently does not expect any
negative impact from China’s recent ban on digital asset mining on
its NFT business.
- The Company’s G Cloud Data Centers
in Dongguan and Hong Kong are running smoothly. In the
meantime, the Company is actively seeking overseas locations
to expand footprints of Taoping G Cloud Data Centers.
About Taoping
Inc.
Taoping Inc. (TAOP) is an integrated group of
technology and financial companies with business in Mainland China,
Hong Kong, and other overseas countries. Relying on its unique
strengths in cloud technology and chip supply chain, TAOP provides
solutions and cloud services to industries such as film and
television production, education, new media, artificial
intelligence and asset management. The Company is dedicated to the
research and application of blockchain technology as well as
investment and management of financial assets at home and abroad.
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.cnhttp://www.taop.com/or
Dragon Gate Investment Partners LLCTel:
+1(646)-801-2803Email: taop@dgipl.com
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