BVI company received Cloud-based Ad Terminal Order for Guangxi Autonomous Region

China Information Technology, Inc., the BVI-incorporated company providing internet-based ad distribution and ad display terminal sharing systems in China, entered into a contract for the sale of 1,500 cloud-based ad terminals to be installed in office buildings and residential communities in Yulin, which is one of the political and economic centers of Guangxi Autonomous Region.

The contract signed with Yulin Taoping IoT Technology Limited is expected to generate sales and service revenue to CNIT of about $0.5mln. This is the second contract of BVI company’s cloud-based terminal for Guangxi region, which followed the $1mln order received in November 2017, and the twenty-second contract on the sale of CNIT’s cloud-based ad terminals since May 2017. Each sale is expected to generate recurring service and commission revenue from customers’ use of Company’s Yunfa advertising distribution system and Taoping Net/App ad screen sharing platform.

BVI company’s CEO and Chairman Mr. Jianghuai Lin said in his comments: “With successful execution of our market strategy in the prior year, proven track record and the new addition of our Taoping new-media ecosystem, CNIT is currently experiencing accelerated market demands for our cloud-based ad terminals and solutions.”

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