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China Information Technology, Inc.

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EQS-News News vom 26.02.2018

CNIT Receives $1 Million Cloud-based Ad Terminal Order for Heze, Shandong Province

EQS-News / 26/02/2018 / 21:00 UTC+8

CNIT Receives $1 Million Cloud-based Ad Terminal Order for Heze, Shandong Province

SHENZHEN, China, Feb 26, 2018 - 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 entered into a contract for the sale of 3,000 CNIT cloud-based elevator ad terminals to be installed in office buildings and residential communities throughout Heze, a fast-growing prefecture-level city in southwestern Shandong Province.

Signed with Heze Taoping IoT Technology Limited, the contract is expected to generate sales and service revenue to CNIT of about $1 million. Today's news is the twenty-first in a series of announcements since May of 2017 on CNIT's sales of its cloud-based ad terminals. Each of the contracts - which range in value from $0.5 to $3 million - is also expected to generate recurring revenue from customers' use of the company's Yunfa advertising distribution system and Taoping ad screen sharing platform.

"Heze is a hub city connecting four provinces in the northeast of China." said Chairman and CEO Mr. Jianghuai Lin. "The contract in Heze is another success following CNIT's $1 million contract in Fujian province this February. This contract will continue expanding marketing influence of CNIT and accelerate our implementation plan in 2018. In addition, the innovation of Taoping new-media ecosystem has proven to be the major driver for the market expansion of our cloud-based products and solutions in the fast-growing advertising industry of China." Mr. Lin added.

Mr. Lin reiterated that by 2018, the Company expects to sell an additional 120,000 cloud-based ad terminals with market penetration in 100 cities with coverage for 200 million people throughout China.

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

For further information, please contact:
China Information Technology, Inc.
Iris Yan
Tel: +86-755-8370-4767
Email: [email protected]
Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: [email protected]

26/02/2018 Dissemination of a Financial Press Release, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

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