TAOP Makes Strategic Move to Expand Into South Asia and Southeast Asia Market
SHENZHEN, China, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP), a leading provider of internet-based ad distribution and display terminal sharing systems and online retail platform, today announced that it has entered into strategic cooperation agreements with two companies: Asia Taoping Pte. Ltd. (Asia Taoping) and Singapore Taoping Pte. Ltd (Singapore Taoping).
According to the agreements, as the local partners of TAOP, Asia Taoping will operate TAOP sharing new media in South Asia and Southeast Asia market, Singapore Taoping will operate TAOP sharing new media in Singapore market.
“The expansion into the Asia market is another important move of our overseas development plan following TAOP’s successful landing in Toronto last month.” said Mr. Jianghuai Lin, the Chairman and CEO of TAOP, “The booming E-commerce market and increasing mobile app usage in Southeast Asia creates the conditions for the success of our ‘Smart IoT Terminal - Taoping Net/App - Taoping E-store’ lifestyle media ecosystem. We look forward to seeing more local businesses benefiting from our platform.”
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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Dragon Gate Investment Partners LLC