TAOP Launches Blockchain Business Division

Rhea-AI Summary

Taoping Inc. (NASDAQ: TAOP) announced the establishment of a Blockchain Business Division and the appointment of Linxi Deng as its director. Deng brings over five years of experience in Bitcoin mining operations, previously serving as COO at Polar Bear Mining. She has also held significant roles at New Block (Beijing) Technology and various internet firms. The company aims to leverage Deng's expertise to enhance its growth strategy in the blockchain sector.

Positive

• Launch of Blockchain Business Division aimed at growth.
• Appointment of Linxi Deng, experienced in Bitcoin mining, as director.

Negative

• None.

SHENZHEN, March 09, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the “Company”), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, today announced the launch of a newly-created Blockchain Business Division and the appointment of Linxi Deng as director of Blockchain Business Division.

Linxi Deng has over five years’ experience in Bitcoin mining operations. Before joining TAOP, she served as chief operating officer at Polar Bear Mining in charge of the construction of a 10MW Bitcoin Mining Unit powered by natural gas in Alberta, Canada. From December 2016 to December 2018, Ms. Deng worked at New Block (Beijing) Technology Co., Ltd., a company involved in Bitcoin mining and blockchain project investment. Before her involvement with blockchain, Ms. Deng had over 10 years’ experience in the Internet industry while working for Sina Corp., MagentJoy (Beijing) Technology Co., Ltd., and informatree LLC in roles of product manager, producer and consultant.

“We are pleased to welcome Ms. Deng into this new role," said Mr. Jianghuai Lin, Chairman and CEO of TAOP. “Ms. Deng’s experience in blockchain and Internet industry combined with her expertise in Bitcoin mining will help drive our growth strategy forward.”

About Taoping Inc.

Taoping Inc. (TAOP), is a leading provider of smart display terminals and solutions for targeted advertising and online retails. The Company provides the integrated end-to-end digital advertising solutions enabling customers to distribute and manage ads on cloud-based ad display screens. Connecting owners of Taoping screens, advertisers and consumers, it builds up a resource sharing "Smart IoT Screen Network- Taoping App - Taoping Go (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.

For further information, please contact:

Taoping Inc.
Chang Qiu
Email: chang_qiu@taoping.cn
http://www.taop.com/
or

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: taop@dgipl.com

FAQ

What is the latest announcement from Taoping Inc. regarding blockchain?

Taoping Inc. announced the launch of a Blockchain Business Division and appointed Linxi Deng as its director.

Who is Linxi Deng and what is her role at Taoping Inc.?

Linxi Deng is appointed as the director of the Blockchain Business Division at Taoping Inc., bringing extensive experience in Bitcoin mining.

What experience does Linxi Deng have in the blockchain industry?

Linxi Deng has over five years of experience in Bitcoin mining operations and has previously worked as COO at Polar Bear Mining.

How does Taoping Inc. plan to grow its blockchain business?

Taoping Inc. aims to leverage Linxi Deng's expertise in blockchain and Bitcoin mining to drive its growth strategy.

What does the Blockchain Business Division of Taoping Inc. focus on?

The Blockchain Business Division will focus on enhancing Taoping Inc.'s offerings in the blockchain ecosystem.