Globe Newswire 14-Jan-2019 8:01 AM
SHENZHEN, China, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ:TAOP), a leading provider of internet-based advertisement distribution and display terminal sharing systems and online retail platform, today announced that eleven companies have joined the Taoping Alliance at the Taoping New Media Promotion Conference held in Hefei city on January 11, 2019.
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 one hundred and eleven, 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 Chuzhou Taoping, Bengbu Taoping, Anqing Taoping, Huainan Taoping, Chaohu Taoping, Jiangyin Taoping, Liyang Taoping, Taixing Taoping, Zhao'an Taoping, Hengdong Taoping, Pu'er Taoping. The eleven companies are responsible for the sharing new media operation at Chuzhou city, Bengbu city, Anqing city, Huainan city, Chaohu city, Jiangyin city, Liyang city, Taixing city, Zhao'an county, Hengdong county, Pu'er city 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.
"We are glad to have eleven new members joining us to start a wonderful year of 2019, " said Mr. Jianghuai Lin, the Chairman and CEO of TAOP. "This year, we will leverage existing Taoping Alliance members 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.
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